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 |
|---|---|---|---|---|---|---|---|---|
| 1502 SW Henderson St | $91,000 | 2 | 1 | 720 | 4,125 sqft | Delridge | $126 | bank owned |
| 10715 59TH Ave S | $94,900 | 3 | 1 | 1,360 | 7,683 sqft | Rainier Valley | $70 | bank owned |
| 522 S Concord St | $117,000 | 1 | 1 | 420 | 6,000 sqft | South Park | $279 | – |
Number two carries over from last month, while another of last month’s top three is still on-market, but got bumped out to number four. That third home (pictured at right) is especially crazy. 420 square feet? That’s like one of those homes where you can go to Ikea with your VW Bug and furnish the entire space.
Stats snapshot for Seattle Single-Family Homes Under $200,000 (excluding short sales)
Total on market: 97
Average number of beds: 2.5
Average number of baths: 1.4
Average square footage: 1,221
Average days on market: 88
Wow, very little change from last month. A few more homes on the market and just slightly smaller square footage, but everything else was dead flat.
Here are a couple of charts to give you a visual of the trend of these numbers since I adjusted the methodology in April 2010:
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 |
|---|---|---|---|---|---|---|---|---|
| 9358 7th Ave S | $25,500 | 4 | 2 | 1,470 | 10,008 sqft | South Park | $17 | 05/19/2011 |
| 7319 Mary Ave NW | $31,500 | 4 | 1 | 1,200 | 5,000 sqft | Whittier Heights | $26 | 05/19/2011 |
| 2831 SW Nevada St | $62,000 | 1 | 1 | 510 | 2,703 sqft | Delridge | $122 | 05/25/2011 |