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6512 High Point Dr SW
Seattle, WA

6512 High Point Dr SW

$590,900
2 bd • 2 ba • 1,380 sf

This analysis was generated by artificial intelligence on 2/5/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$590,900

Price/Sq.Ft

$428

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• **Location in West Seattle:** The property's location in West Seattle offers access to a variety of amenities, including parks, restaurants, and shops. West Seattle is known for its residential character and proximity to downtown Seattle. • **Proximity to Median Income:** With a median income of $97,368, this property's price point may be attainable for households earning around the median income in Seattle, making it an attractive option for a broad range of buyers. • **Rental Potential:** The median rent for a 2-bedroom apartment in Seattle is $2199, suggesting that this property could potentially generate rental income if purchased as an investment property. However, this is contingent on the condition of the property and prevailing market conditions. • **Established Neighborhood:** High Point is an established neighborhood in West Seattle, which may offer a sense of community and stability for potential buyers.

The Bad

• **Unknown Year Built:** The lack of information regarding the year the property was built is a significant drawback. This makes it difficult to assess the potential for deferred maintenance, the condition of major systems (plumbing, electrical, HVAC), and potential code compliance issues. Homes built before 1978 may also have lead-based paint, requiring additional precautions. • **Limited Property Details:** The absence of a property description and room details makes it challenging to evaluate the layout, features, and overall condition of the home. Buyers are left to rely solely on the square footage and number of bedrooms and bathrooms, which provides an incomplete picture. • **Lack of Utility Information:** The absence of utility information makes it difficult to estimate monthly operating costs. This is a crucial factor for budgeting and affordability. • **High Price per Square Foot:** At $428.19 per square foot, this property is priced competitively for the West Seattle market, but without knowing the condition or specific features, it's difficult to determine if the price is justified. A comparative market analysis is essential to assess its relative value.

The Ugly

• **Potential for Hidden Issues:** The lack of detailed information raises concerns about potential hidden issues with the property, such as structural problems, water damage, or outdated systems. A thorough inspection is essential to uncover any potential problems. • **Competitive Market Risks:** Seattle's competitive housing market could lead to multiple offers and potentially higher prices. Buyers may feel pressured to waive contingencies, which could expose them to financial risks. • **Seismic and Landslide Risks:** Seattle's location in an earthquake zone and the hilly terrain of West Seattle pose potential risks to the property's structural integrity. Buyers should be aware of these risks and take appropriate precautions. • **Unknown Condition and Maintenance Costs:** Without knowing the year built or the condition of the property, it's difficult to estimate potential maintenance costs. Older homes may require significant updates or repairs, which could strain a buyer's budget.

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

• Individuals seeking a home in a well-established Seattle neighborhood with access to nearby amenities and green spaces. The property's location in West Seattle offers a balance of residential tranquility and urban convenience. • Buyers who appreciate the potential for personalization and renovation. The absence of detailed property features suggests an opportunity to customize the home to their specific tastes and needs. • Those comfortable with the median income range in Seattle ($97,368) who are looking for a property that aligns with their budget and lifestyle. This property offers an opportunity to own a home in a desirable area without exceeding the average income bracket. • Buyers who prioritize proximity to local amenities, such as parks, schools, and shopping centers, enhancing their daily convenience and lifestyle. • Individuals who value the potential for rental income. This property offers an opportunity to generate income through renting while owning a home in a desirable area.

Not For

• Buyers seeking a newly constructed or recently renovated home with modern amenities and updated features. The lack of property details suggests that this home may require significant updates or renovations. • Individuals with limited budgets or those seeking a low-maintenance property. The unknown age and condition of the home could lead to unexpected repair costs and ongoing maintenance requirements. • Those who prefer a highly detailed and transparent listing with comprehensive information about the property's features, condition, and history. The limited information available may make it difficult to assess the property's true value and potential risks. • Buyers looking for a property with specific room configurations or layouts. The absence of room details makes it difficult to determine if the home meets their specific needs and preferences. • Individuals who are not comfortable with the competitive nature of the Seattle housing market or those who prefer a more relaxed and straightforward buying process.
Demographics
Area Median Income

$97,368

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Risk Assessment

Risk Analysis

• **Unknown Year Built:** The absence of this information makes it difficult to assess the property's condition and potential maintenance needs. Older homes may require significant updates or repairs. • **Lack of Property Details:** The limited information available makes it challenging to determine the property's true value and potential risks. A thorough inspection is crucial. • **Competitive Market:** Seattle's competitive housing market could lead to multiple offers and potentially higher prices. Be prepared to act quickly and potentially waive contingencies. • **Seismic Activity:** Seattle is located in an earthquake zone, which could pose a risk to the property's structural integrity. Ensure you have appropriate insurance coverage and consider a seismic risk assessment. • **Potential for Landslides:** The hilly terrain of West Seattle makes some areas susceptible to landslides. A geotechnical inspection is recommended, particularly for properties on slopes.

Financials

Monthly Costs
Market Rent (2 bed)

$2,199

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$691,333

17.0% above list price

Median Price

$700,000

Based on 6 recent sales

Price per Sq.Ft

$499

Comparable Properties

8108 30th Avenue SW, Seattle, WA 98126
Price: $580,000
Sq.Ft: 1,230
Beds/Baths: 1/2
$/Sq.Ft:
$47210.1%
Sale Date: 2/3/2025
3720 SW Willow Street, Seattle, WA 98126
Price: $700,000
Sq.Ft: 1,460
Beds/Baths: 2/2
$/Sq.Ft:
$47912.0%
Sale Date: 12/20/2024
5433 California Avenue SW #C, Seattle, WA 98136
Price: $699,000
Sq.Ft: 1,395
Beds/Baths: 3/2
$/Sq.Ft:
$50117.0%
Sale Date: 10/1/2024
5925 California Avenue SW #A, Seattle, WA 98136
Price: $670,000
Sq.Ft: 1,340
Beds/Baths: 2/2
$/Sq.Ft:
$50016.8%
Sale Date: 9/25/2024
4964 Lewis Place SW, Seattle, WA 98116
Price: $724,000
Sq.Ft: 1,400
Beds/Baths: 3/2
$/Sq.Ft:
$51720.8%
Sale Date: 9/17/2024
6023 42nd Avenue SW, Seattle, WA 98136
Price: $775,000
Sq.Ft: 1,470
Beds/Baths: 2/2
$/Sq.Ft:
$52723.1%
Sale Date: 9/23/2024

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