8116 48th Avenue S, Seattle, WA 98118, Seattle, 98118 - 2 bed, 1 bath
Loading property details...
8116 48th Avenue S
Seattle, WA 98118
ACTIVE
CONDITION: GOOD
2Beds
1Baths
1,620Sq Ft
5,000Lot Size
Property Price
LIST PRICE$625,000
EST. MARKET VALUE
$647,836
3% BelowMARKET VALUE
SUMMARY
This Classic Craftsman Home represents a High-Potential Investment Opportunity, listed at $625,000—positioned well below the $647,837 Fair Market Value by 3%. This valuation gap offers $22,837 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with modern electrical and plumbing, the property includes a versatile flex space and a private deck with Mt. Rainier views. Located near highly-rated elementary schools, this is an ideal acquisition for Owner-Occupants or first-time buyers seeking long-term value.
Estimated Market Value
$647,836+$22,836 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Seattle.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8116 48th Avenue S Subject 2 bd · 1 ba · 1,620 sqft · $400 | $625,000* List Price | 2 | 1 | 1,620 | $400 | - |
A 8128 Wolcott Avenue S Sold 4 bd · 3 ba · 1,740 sqft · $428 · 0.2 mi | $745,000 | 4 | 3 | 1,740 | $428 | 0.2 mi |
B 8435 46th ave S Sold 3 bd · 2 ba · 1,300 sqft · $413 · 0.2 mi | $537,000 | 3 | 2 | 1,300 | $413 | 0.2 mi |
C 9240 39th Avenue S Sold 4 bd · 4 ba · 1,930 sqft · $383 · 0.8 mi | $740,000 | 4 | 4 | 1,930 | $383 | 0.8 mi |
D 3951 S Chicago St Sold 3 bd · 3 ba · 1,550 sqft · $471 · 0.5 mi | $730,000 | 3 | 3 | 1,550 | $471 | 0.5 mi |
E 3533 S Austin Street Sold 4 bd · 2 ba · 1,470 sqft · $493 · 0.7 mi | $725,000 | 4 | 2 | 1,470 | $493 | 0.7 mi |
F 8434 34th Avenue S Sold 3 bd · 2 ba · 1,020 sqft · $475 · 0.8 mi | $485,000 | 3 | 2 | 1,020 | $475 | 0.8 mi |
G 8414 47th Ave S Pending 3 bd · 2 ba · 1,460 sqft · $421 · 0.2 mi | $615,000 List Price | 3 | 2 | 1,460 | $421 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although originally built in 1926, the home features a modernized kitchen with shaker cabinets and bamboo flooring, along with critical system updates including newer plumbing, updated electrical, and double-pane windows, making it well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Historic Charm
This 1926 Craftsman retains its classic character while benefiting from essential modern upgrades, including updated electrical, newer plumbing, double-pane windows, and durable bamboo flooring.
- Exceptional Outdoor Living
The property features a lush, fully fenced 5,000 sqft lot with mature fruit trees, a year-round sunroom/greenhouse, and a peek-a-boo view of Mt. Rainier, creating a private urban oasis.
- Versatile Living Spaces
The home offers excellent functional flexibility with a dedicated office/studio extension and a large downstairs flex space suitable for a home gym, workshop, or future finished expansion.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1620, other record living area = 740.
- Limited Bathroom Count
With only one bathroom serving a 1,620 square foot home, the layout may present logistical challenges for families or those who frequently host guests.
- High School Performance
While the local elementary and middle schools are highly rated (8/10), the assigned high school, Rainier Beach, currently holds a low rating of 2/10, which may concern education-focused buyers.
About 8116 48th Avenue S
Classic Craftsman charm seamlessly pairs with modern living in this beautiful 1926 home, nestled on a lush, park-like lot. Modern touches include; double-pane windows, updated electrical, newer plumbing, and durable bamboo floors. The light-filled kitchen features a charming bay-window breakfast nook, while an extension off the main living area serves as an ideal home office, creative studio, or quiet retreat. Downstairs, an expansive, flex space offers endless potential for a home gym, workshop, or future finished living area. Outside, the sunny, fully fenced level yard is a true urban oasis, complete with a generous entertaining deck, a peek-a-boo view of Mt. Rainier, mature fruit trees, and a fully enclosed sunroom/greenhouse designed for year-round gardening and relaxation. Close to shopping, parks, community centers, and public transportation.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Dunlap Elementary School
Grades PK-5 • 0.3 mi
5/10
Wing Luke Elementary School
Grades K-5 • 0.6 mi
8/10
Van Asselt Elementary School
Grades K-5 • 0.8 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,620 | 1,801.924 |
| Lot Size | 5,000 | 4,494.536 |
| Price | $625.0K | $974.4K |
| Price per sq ft | $386 | $569 |
| Built year | 1926 | 1948 |
| HOA | $0 | $78 |
| Days on market | 45 | 35 |
Pricing History
Listed for Sale
Sep 9, 2026
$625,000
Initial Listing