This 3-bed, 2-bath, 1,700 sqft home in Alki, Seattle, is priced at $895K after recent price drops and has now been on the market 112 days—well above the city average of about 23 days. Nearby comps with similar size and bed/bath count (e.g., 1,760–1,790 sqft, 3 beds, 2–3 baths) are valued between $924K and $1.04M, with price per sqft in the $457–$558 range. The home’s current $526/sqft is fair but not a screaming deal, especially given the slow market response and rising inventory in Seattle. The property is in a desirable, beachside Alki location with solid schools, but its age (1924) means any flip would need careful budgeting for unexpected repairs.
If you’re an investor, I’d pass on this one for a quick flip unless you can get a substantial discount below list, since upside appears limited and holding costs may add up. For homeowners, focus on fresh paint, updated fixtures, and curb appeal to attract buyers—avoid major renovations unless you uncover obvious value-add opportunities. In this more balanced Seattle market, strategic presentation and pricing are key to standing out.