8626 21st Avenue NW, Seattle, WA 98117, Seattle, 98117 - 3 bed, 2 bath
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8626 21st Avenue NW
Seattle, WA 98117
PENDING
CONDITION: FAIR
3Beds
2Baths
1,340Sq Ft
7,804Lot Size
Property Price
LIST PRICE$892,950
EST. MARKET VALUE
$982,603
9% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $892,950—positioned well below the $982,604 Fair Market Value by 9%. This valuation gap offers $89,654 in Instant Equity. Featuring a Condition Rating of 4, the home includes recent major system upgrades like a 2026 roof and updated plumbing. While the interior requires cosmetic modernization, the large lot and prime Olympic Manor location near top-rated schools make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value.
Estimated Market Value
$982,603+$89,653 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 |
|---|---|---|---|---|---|---|
★ 8626 21st Avenue NW Subject | $892,950* List Price | 3 | 2 | 1,340 | $733 | - |
A 347 NW 81St Street Sold | $965,000 | 3 | 2 | 1,290 | $748 | 1.0 mi |
B 8552 31st Avenue NW Sold | $680,000 | 2 | 1 | 950 | $716 | 0.7 mi |
C 7735 13th Avenue NW Sold | $1,050,000 | 3 | 2 | 1,640 | $640 | 0.6 mi |
D 7559 14th Avenue NW Sold | $1,002,499 | 3 | 2 | 1,520 | $660 | 0.6 mi |
E 7528 33rd Avenue NW Sold | $925,000 | 3 | 3 | 1,610 | $575 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1954, the home features excellent structural and system updates including a new roof (2026), water heater (2024), and updated electrical/plumbing. However, the interior is significantly dated with popcorn ceilings and older finishes in the bathrooms and living areas, requiring cosmetic modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7804, living area = 1340.
- Prime Location & Schools
Situated in the highly desirable Olympic Manor neighborhood, the property offers proximity to Ballard's amenities and is served by top-rated schools, including North Beach Elementary and Whitman Middle.
- Major System Upgrades
The home features significant recent capital improvements, including a new roof, a 2024 water heater, and updated electrical and plumbing systems, providing peace of mind and reducing immediate maintenance costs.
CONSRISKS & DEFICIENCIES
- Dated Interior Condition
The property is marketed as needing a 'vision' for updates, indicating that the interior finishes are likely original or dated and will require a significant budget for modernizing.
- Limited Square Footage and Parking
At 1,340 square feet with only a one-car garage, the home's footprint and storage capacity may be restrictive for growing families or those with multiple vehicles.
About 8626 21st Avenue NW
Solid Rambler with good bones, Ready for your vision. Excellent opportunity to update and add value. hardwood floors in living room and all Three bedrooms. Primary bedroom with full bathroom. slider off dining area leads to covered patio and large private backyard. big living room with a fireplace. New roof in 2026, new water heater in 2024. Updated electrical panel and Plumbing. desirable Olympic manor neighborhood.1 car garage with good storage. has space for 3rd bathroom. Excellent location, minutes to Downtown, easy access to I-5, close to Shilshole bay, Golden garden beach, Ballard locks, shopping and Restaurants.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 7,804 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $13 / Month
Neighborhood Insights
Seattle Unified Schools
North Beach Elementary School
Grades PK-5 • 0.3 mi
8/10
Loyal Heights Elementary School
Grades K-5 • 0.5 mi
8/10
Whitman Middle School
Grades 6-8 • 0.4 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,340 | 1,803.474 |
| Lot Size | 7,804 | 4,544.116 |
| Price | $893.0K | $978.6K |
| Price per sq ft | $666 | $570 |
| Built year | 1954 | 1949 |
| HOA | $13 | $68 |
| Days on market | 29 | 36 |
Pricing History
Listed for Sale
Aug 11, 2026
$892,950
Initial Listing