
Seattle, WA 98118
This 1924 Craftsman represents a High-Potential Investment Opportunity, listed at $685,000—positioned well above the $597,206 Fair Market Value by -14%. While priced above market, the property features Modernized Infrastructure including new plumbing and electrical, earning a Condition Rating of 3. The NR3 Zoned lot and walk-out basement offer significant expansion potential for an ADU or DADU. Ideally located near the Othello LINK station, this home is a strategic choice for Buy-and-Hold Investors or Owner-Occupants seeking long-term value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7916 Renton Avenue S Subject 2 bd · 1 ba · 1,076 sqft · $555 | $685,000* List Price | 2 | 1 | 1,076 | $555 | - |
A 4240 S Rose Street Sold 3 bd · 2 ba · 1,350 sqft · $505 · 0.1 mi | $682,000 | 3 | 2 | 1,350 | $505 | 0.1 mi |
B 8001 36th Avenue S Sold 3 bd · 1 ba · 1,020 sqft · $539 · 0.4 mi | $549,950 | 3 | 1 | 1,020 | $539 | 0.4 mi |
C 8907 Beacon Avenue S Sold 2 bd · 1 ba · 1,040 sqft · $471 · 0.7 mi | $490,000 | 2 | 1 | 1,040 | $471 | 0.7 mi |
D 8123 49th Avenue S Sold 3 bd · 2 ba · 1,190 sqft · $504 · 0.3 mi | $600,000 | 3 | 2 | 1,190 | $504 | 0.3 mi |
E 7919 45th Avenue S Sold 2 bd · 1 ba · 700 sqft · $713 · 0.1 mi | $499,000 | 2 | 1 | 700 | $713 | 0.1 mi |
F 8434 34th Avenue S Sold 3 bd · 2 ba · 1,020 sqft · $475 · 0.6 mi | $485,000 | 3 | 2 | 1,020 | $475 | 0.6 mi |
G 7537 44th Avenue S Active 3 bd · 2 ba · 970 sqft · $598 · 0.2 mi | $580,000 List Price | 3 | 2 | 970 | $598 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1924, the property is well-maintained and move-in ready with significant recent updates to critical systems including new wiring, plumbing, sewer, and furnace. The kitchen features a recent refresh with new quartz countertops and appliances, and the home has fresh interior and exterior paint.
The property features significant high-cost updates including new wiring, plumbing, water main, sewer, and furnace, mitigating the typical maintenance risks associated with a 100-year-old home.
With a high-ceiling walk-out basement and a large NR3 zoned lot, there is substantial opportunity to add value through a finished basement, ADU, or DADU.
The home is ideally situated within walking distance to the Othello LINK light rail station and includes the rare Seattle luxury of both a garage and generous off-street parking.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1076, other record living area = 1040.
The current finished layout provides only two bedrooms and one bathroom, which may be insufficient for buyers requiring immediate space without further renovation.
While some local schools perform well, the property is zoned for several nearby schools with low performance ratings, which could impact long-term resale appeal to families.
This 1924 Craftsman has been updated while retaining the character that made these homes special in the first place. The main floor has the classic Craftsman layout you hope to find with a welcoming living and dining room with original hardwood, cove ceiling and picture rail. A wood burning fireplace with period Batchelder tile details and built-ins completes the space.The vintage eat-in kitchen has quartz counters, freshly painted original cabinetry and new appliances, including a dishwasher. And tucked among those cabinets is a favorite detail—the built-in pie-cooling shelf and ironing board. You just don’t get that in a new kitchen. Even better, the expensive stuff is done. New wiring, plumbing, water main, sewer and furnace take much of the worry out of owning a 100-year-old home. Fresh interior and exterior paint and new light fixtures complete the refresh. Downstairs adds to the home’s 2097 total square feet with a high-ceiling, walk-out basement space that awaits your ideas. More bedrooms and bath? Studio? Media room? Workshop? Recreation space? Future finished living area? ADU (attached dwelling unit). There’s room to imagine. The large deep NR3 Zoned lot provides room to garden and play and a possible DADU (buyer to verify). A one-car garage and generous off-street parking are an increasingly rare Seattle luxury. Plus, you can walk to the nearest LINK Othello station. All in all, this is a home with history and personality ready for its next century of memories.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades PK-5 • 0.4 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,076 | 1,801.924 |
| Lot Size | 6,569 | 4,494.536 |
| Price | $685.0K | $974.4K |
| Price per sq ft | $637 | $569 |
| Built year | 1924 | 1948 |
| HOA | $0 | $78 |
| Days on market | 29 | 35 |
Sep 25, 2026
$685,000
Initial Listing