8641 45th Avenue S, Seattle, WA 98118, Seattle, 98118 - 3 bed, 1 bath
Loading property details...
8641 45th Avenue S
Seattle, WA 98118
ACTIVE
CONDITION: FAIR
3Beds
1Baths
1,480Sq Ft
3,850Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$450,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $450,000, which is currently aligned with the $450,000 Fair Market Value. While the home requires updates, its Condition Rating of 4 indicates a solid foundation for value-add renovations. Featuring a 1,480 square foot layout and proximity to top-rated schools like Wing Luke Elementary, this asset offers significant upside for those capable of modernizing its 1910 infrastructure. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking to build sweat equity.
Estimated Market Value
$450,000
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 |
|---|---|---|---|---|---|---|
★ 8641 45th Avenue S Subject 3 bd · 1 ba · 1,480 sqft · $304 | $450,000* List Price | 3 | 1 | 1,480 | $304 | - |
A 4504 S Trenton Street Sold 3 bd · 1 ba · 1,230 sqft · $378 · 0.0 mi | $465,000 | 3 | 1 | 1,230 | $378 | 0.0 mi |
B 7809 Beacon Avenue S Pending 3 bd · 2 ba · 1,230 sqft · $324 · 0.8 mi | $399,000 List Price | 3 | 2 | 1,230 | $324 | 0.8 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 1910, the property exhibits an aged exterior with weathered siding and fencing. While the listing notes it needs some TLC, it is described as a comfortable living space, indicating it requires cosmetic updates and minor repairs rather than major structural rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Potential
Priced competitively at $450,000, this property offers a rare entry-level opportunity in Seattle's Rainier Valley for investors or buyers looking to build sweat equity.
- Prime Location
Situated in the heart of the Dunlap neighborhood, the home is just steps from Dunlap Elementary and offers convenient access to Lake Washington and local parks.
- Functional Footprint
With 1,480 square feet and three bedrooms, the home provides a generous living space and a versatile layout compared to other options in this price range.
CONSRISKS & DEFICIENCIES
- Required Renovations
The property is explicitly noted as needing 'TLC,' suggesting that buyers will need to budget for significant repairs or cosmetic updates immediately upon purchase.
- Aging Infrastructure
Built in 1910 with only one bathroom, the home likely requires modernization of its mechanical systems and layout to meet contemporary living standards.
About 8641 45th Avenue S
This 3-bedroom, 1-bath single-family home offers 1,480 square feet of comfortable living space in the heart of Seattle’s vibrant Rainier Valley. It sits in the diverse Dunlap neighborhood near parks, schools, and Lake Washington. The home needs some TLC but a great opportunity for first-time buyers or those looking to invest in a well-connected Southeast Seattle community.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1910
- Lot Size
- 3,850 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 • 0.1 mi
5/10
Wing Luke Elementary School
Grades K-5 • 0.6 mi
8/10
Van Asselt Elementary School
Grades K-5 • 0.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,480 | 1,801.924 |
| Lot Size | 3,850 | 4,494.536 |
| Price | $450.0K | $974.4K |
| Price per sq ft | $304 | $569 |
| Built year | 1910 | 1948 |
| HOA | $0 | $78 |
| Days on market | 99 | 35 |
Pricing History
Listed for Sale
Jul 17, 2026
$450,000
Initial Listing
Sold
Jun 7, 1991
$44,500
Public Record