8742 3rd Avenue NW, Seattle, WA 98117, Seattle, 98117 - 4 bed, 2 bath
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8742 3rd Avenue NW
Seattle, WA 98117
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,510Sq Ft
6,050Lot Size
Property Price
LIST PRICE$875,000
EST. MARKET VALUE
$950,042
7% BelowMARKET VALUE
SUMMARY
This Updated Greenwood Rambler is a Strong Value Opportunity, listed at $875,000—positioned well below the $950,042 Fair Market Value by 7%. This valuation gap offers $75,042 in Instant Equity. Featuring a 2022 Remodel and a Condition Rating of 2, the home is move-in ready. The Permit-Ready DADU potential provides significant long-term income upside. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey home with built-in development growth.
Estimated Market Value
$950,042+$75,042 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 |
|---|---|---|---|---|---|---|
★ 8742 3rd Avenue NW Subject 4 bd · 2 ba · 1,510 sqft · $629 | $875,000* List Price | 4 | 2 | 1,510 | $629 | - |
A 9526 7th Avenue NW Sold 4 bd · 3 ba · 1,640 sqft · $591 · 0.4 mi | $970,000 | 4 | 3 | 1,640 | $591 | 0.4 mi |
B 9046 7th Avenue NW Sold 3 bd · 2 ba · 1,720 sqft · $433 · 0.2 mi | $745,000 | 3 | 2 | 1,720 | $433 | 0.2 mi |
C 312 NW 88th Street Sold 3 bd · 2 ba · 1,220 sqft · $615 · 0.1 mi | $749,900 | 3 | 2 | 1,220 | $615 | 0.1 mi |
D 7336 11th Ave NW Sold 4 bd · 2 ba · 1,730 sqft · $607 · 0.9 mi | $1,050,000 | 4 | 2 | 1,730 | $607 | 0.9 mi |
E 9718 12th Avenue NW Sold 4 bd · 2 ba · 1,590 sqft · $597 · 0.7 mi | $950,000 | 4 | 2 | 1,590 | $597 | 0.7 mi |
F 347 NW 81St Street Sold 3 bd · 2 ba · 1,290 sqft · $748 · 0.4 mi | $965,000 | 3 | 2 | 1,290 | $748 | 0.4 mi |
G 1417 NW 83rd Street Sold 4 bd · 2 ba · 1,540 sqft · $539 · 0.8 mi | $830,000 | 4 | 2 | 1,540 | $539 | 0.8 mi |
H 7735 13th Avenue NW Sold 3 bd · 2 ba · 1,640 sqft · $640 · 0.8 mi | $1,050,000 | 3 | 2 | 1,640 | $640 | 0.8 mi |
I 312 NW 88th Street Active 3 bd · 2 ba · 1,220 sqft · $615 · 0.1 mi | $749,900 List Price | 3 | 2 | 1,220 | $615 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a comprehensive remodel in 2022 (less than 5 years ago), featuring a modern kitchen with stainless steel appliances, updated bathrooms with contemporary tiling, and new flooring throughout. Significant system updates include a new roof and water heater, making the home move-in ready with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property is permit-ready for a 1,015 sq ft, two-story DADU with alley access, providing a rare opportunity for significant rental income or multigenerational living in a high-demand area.
- Turnkey Condition
Extensively updated in 2022 with a new roof, new water heater, and fresh interior/exterior paint, this pre-inspected home offers a move-in-ready experience with minimized immediate capital expenditures.
- Prime Greenwood Location
Situated in a vibrant North Seattle neighborhood, the home boasts excellent proximity to local parks, trendy shops, restaurants, and major transit routes for an easy commute.
CONSRISKS & DEFICIENCIES
- Reduced Yard Space
While the DADU potential is a strength, constructing a 1,015 sq ft structure on the 6,050 sq ft lot will significantly consume the available private outdoor space for the primary residence.
- 1970s Rambler Architecture
Despite modern interior upgrades, the 1976 rambler style may lack the architectural character or high ceilings often sought by buyers looking for classic Seattle Craftsman or contemporary new-build designs.
About 8742 3rd Avenue NW
Updated and pre-inspected Greenwood rambler with modern upgrades and rare income-producing potential! This 4-bedroom, 2-bath home was remodeled in 2022 and offers a bright, functional layout with comfortable living spaces and a flexible floor plan. Recent improvements include interior and exterior paint, a new roof, and a new water heater, making this home truly move-in ready.A standout feature is the permit-ready opportunity to build a 1,015 sq ft, two-story DADU in the backyard. Alley access provides convenient and private entry for the future DADU, offering excellent potential for rental income, multigenerational living, or additional space.Located in vibrant Greenwood, close to parks, shops, restaurants, transit, and major commuter routes. A turnkey home with built-in development potential—an exceptional opportunity in North Seattle!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 6,050 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,510 | 1,801.924 |
| Lot Size | 6,050 | 4,494.536 |
| Price | $875.0K | $974.4K |
| Price per sq ft | $579 | $569 |
| Built year | 1976 | 1948 |
| HOA | $0 | $78 |
| Days on market | 24 | 35 |
Pricing History
Listed for Sale
Sep 30, 2026
$875,000
Initial Listing