Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This includes any listing that uses the phrases “fixer,” “rehab loan,” or “value in land.” I post the top (bottom) three, along with some overall stats on the low end of the market.
Please note: These posts should not be construed to be an advertisement or endorsement of any specific home for sale. We are merely taking a brief snapshot of the market at a given time. Also, just because a home makes it onto the “cheapest” list, that does not indicate that it is a good value.
Here are this month’s three cheapest single-family homes in the city limits of Seattle (according to Redfin):
|Address||Price||Beds||Baths||SqFt||Lot Size||Neighborhood||$ / SqFt||Notes|
|8816 12th Ave S||$130,000||2||1.5||940||4,500 sqft||South Park||$138||bank owned|
|749 S Rose St||$139,900||3||2||1,000||6,000 sqft||South Park||$140||bank owned|
|11762 Beacon Ave S||$139,900||3||1.5||1,500||4,500 sqft||Rainier Valley||$93||bank owned|
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 96
Average number of beds: 2.5
Average number of baths: 1.3
Average square footage: 1,104
Average days on market: 85
It’s interesting to note that despite declining inventory, the number of homes below the $200,000 mark has increased 22% since we last checked in three months ago. Meanwhile, the square footage, number of beds, and number of baths are all increasing.
Here are cheapest homes in Seattle that actually sold in the last month, regardless of condition (since most off-market homes don’t have much info available on their condition).
|Address||Price||Beds||Baths||SqFt||Lot Size||Neighborhood||$ / SqFt||Sold On|
|5970 26 Ave SW||$107,500||1||1||540||7,388 sqft||Delridge||$199||10/18/2010|
|5510 15th Ave S||$110,000||2||1||700||3,240 sqft||Greater Duwamish||$171||10/15/2010|
|750 N 91st St||$118,000||2||1||1,000||6,497 sqft||Greenwood||$118||10/06/2010|