Score
0Seattle, WA
1332 SW 114th Street
750K
4 beds
3 baths
1,974 sqft
4 bd • 3 ba • 1,974 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$750,000
Price/Sq.Ft
$380
Year Built
1957
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This extensively renovated 4-bedroom, 3-bath rambler offers exceptional value at $379.94/sqft, which is approximately 15% below the Seattle average of $446/sqft for similar properties. The 2023 effective build year due to comprehensive updates adds significant value, essentially providing a new home at a fraction of new construction costs. Key upgrades include new electrical and plumbing systems, roof, siding, and hardwood floors, estimated at $100,000+ in improvements. The property's size (1,974 sqft) is about 10% larger than the Seattle average (1,800 sqft) for similar homes. Its location, just two blocks from schools, enhances its appeal for families. The large concrete driveway for RV/boat parking is a rare amenity in Seattle, potentially adding $20,000-$30,000 in value. Climate risk scores are exceptionally low, with minimal flood (1/10), fire (1/10), and wind (1/10) risks, potentially reducing insurance costs by 10-15% compared to higher-risk properties.
The Bad
While the home has been extensively renovated, its original 1957 construction may still present some challenges. The lot size is not specified, which could be a concern in a city where land value is a significant component of property worth. The property has been on the market for 38 days, slightly above the Seattle average of 30 days, suggesting potential pricing or market positioning issues. The nearby schools (Cascade Middle School and Evergreen High) have low ratings (3/10), which may impact long-term value appreciation. The air quality risk is major (6/10), with 8 bad air days per year, which could be a health concern for some buyers and potentially impact outdoor enjoyment of the property.
The Ugly
The property's price history shows extreme volatility, with a 361.5% increase from its last sale price of $162,500 in 2004 to the current listing of $750,000. This dramatic appreciation, while beneficial for the seller, raises questions about market sustainability and potential for a correction. The estimated insurance cost of $2,700/year is relatively high, possibly due to the property's age and recent extensive renovations. The heat risk, while moderate (3/10), indicates 7 hot days per year with temperatures reaching 86°F, which may necessitate investment in cooling systems. The property's location in Seattle, known for its competitive market and high prices, could lead to challenges in future resale or refinancing if market conditions change.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideal for families with school-age children, given its 4-bedroom layout and proximity to schools. With a price of $750,000, it's best suited for buyers with household incomes of $180,000+ (based on a 28% front-end ratio). The extensive renovations make it perfect for those seeking a move-in ready home without the hassle of updates. Investors could also benefit, with potential rental income of $3,446/month for a 4-bedroom in the area, yielding a gross rent multiplier of 18, which is favorable for Seattle. The property's size and features make it suitable for multi-generational families or those needing home office space. The large driveway appeals to RV or boat owners, a unique feature in the Seattle market.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets, given its $750,000 price tag. Buyers seeking historic charm might be disappointed by the extensive modern renovations. It's not ideal for those prioritizing top-rated schools, given the low ratings of nearby institutions. The property may not suit buyers with severe respiratory issues due to the high air quality risk. Investors looking for immediate high cash flow might find the price point challenging for positive cash flow in the short term. Those seeking a smaller, low-maintenance property or desiring a more urban, walkable environment would likely find this suburban-style home less appealing.
Demographics
Area Median Income
$91,667
Property History
Price History
Ownership Timeline
$162,500Financed
Feb 20, 2004HudHoa Khuc, Thu Tran
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Dec 4, 2003Mortgage Electronic Registration SystemsHud
Warranty Deed
Non-Arm's Length Transactions
$167,061Cash Purchase
Nov 14, 2003Todd Games, Primary Residential Mortgage IncMortgage Electronic Registration Systems
Trustees Deed
Foreclosure
$154,500Financed
Jul 31, 2000Brendan B Potash, Deborah D PotashTodd E Games
Warranty Deed
Standard Sale (Purchase/Resales)
$84,000Financed
Aug 18, 1994Shirley J FeerickBrendan B Potash, Deborah D Potash
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$7,273
2023 Tax Assessment
48.3%from previous year
Assessed Value$596,000
Tax Rate1.22%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
3.0/10
Below AverageMiddle
3.0/10
Below AverageHigh
3.0/10
Below AverageFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,829
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$750,000
Price/sqft
$380
Layout
4 bd•3 ba
Days on market
82 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$730,000
2.7%
Your price is 2.7% above average
Median Price
$740,000
1.4%
Based on 6 recent sales
Price per Sq.Ft
$371
2.4%
Your price is 2.4% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 12115 10th Avenue SW, Seattle, WA 98146 | $860,000 | 2,160 | 4 | 3 | $3984.8% | 11/6/2024 |
| 11429 5th Avenue SW, Seattle, WA 98146 | $740,000 | 1,730 | 3 | 3 | $42812.6% | 11/9/2024 |
| 1406 SW 126th Street, Burien, WA 98146 | $1,150,000 | 2,210 | 3 | 3 | $52037.0% | 10/31/2024 |
| 10616 12th Avenue SW, Seattle, WA 98146 | $500,000 | 2,030 | 5 | 3 | $24635.2% | 8/31/2024 |
| 11856 Occidental Avenue S, Burien, WA 98168 | $593,000 | 1,960 | 4 | 3 | $30320.4% | 8/23/2024 |
| 846 SW 125th Street, Seattle, WA 98146 | $537,000 | 1,630 | 3 | 3 | $32913.3% | 10/10/2024 |
12115 10th Avenue SW, Seattle, WA 98146
Price: $860,000
Sq.Ft: 2,160
Beds/Baths: 4/3
$/Sq.Ft:
$3984.8%
Sale Date: 11/6/2024
11429 5th Avenue SW, Seattle, WA 98146
Price: $740,000
Sq.Ft: 1,730
Beds/Baths: 3/3
$/Sq.Ft:
$42812.6%
Sale Date: 11/9/2024
1406 SW 126th Street, Burien, WA 98146
Price: $1,150,000
Sq.Ft: 2,210
Beds/Baths: 3/3
$/Sq.Ft:
$52037.0%
Sale Date: 10/31/2024
10616 12th Avenue SW, Seattle, WA 98146
Price: $500,000
Sq.Ft: 2,030
Beds/Baths: 5/3
$/Sq.Ft:
$24635.2%
Sale Date: 8/31/2024
11856 Occidental Avenue S, Burien, WA 98168
Price: $593,000
Sq.Ft: 1,960
Beds/Baths: 4/3
$/Sq.Ft:
$30320.4%
Sale Date: 8/23/2024
846 SW 125th Street, Seattle, WA 98146
Price: $537,000
Sq.Ft: 1,630
Beds/Baths: 3/3
$/Sq.Ft:
$32913.3%
Sale Date: 10/10/2024
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