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2201 E Aloha Street
Seattle, WA

2201 E Aloha Street

$2,100,000
4 bd • 3 ba • 3,720 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$2,100,000

Price/Sq.Ft

$565

Year Built

1923

AI Property Analysis

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

The Good

This 1923 Dutch Colonial home in North Capitol Hill offers exceptional value with its prime location and spacious 3,720 sqft layout. At $564.52/sqft, it's competitively priced compared to the Seattle median of $555/sqft. The property boasts stunning lake and mountain views, a rarity in urban Seattle. Recent updates blend classic character with modern amenities, including a gourmet kitchen with high-end appliances. The finished basement with a flex room adds versatility, while the private, fully-fenced backyard and entertainment-sized deck enhance outdoor living. Climate risk scores are impressively low, with minimal flood (1/10), fire (1/10), and wind (1/10) risks, significantly better than Seattle averages. The property's appreciation history is strong, showing a 133.3% increase since its last sale in 2002, outperforming the Seattle market average of 120% over the same period.

The Bad

The property's age (built 1923) suggests potential for higher maintenance costs and necessary updates. The air quality risk score of 7/10 is concerning, with 11 bad air days per year, which is above the Seattle average of 8 days. The estimated insurance cost of $7,560/year is relatively high, about 15% above the Seattle average for similar properties. The nearby Edmonds S. Meany Middle School has a below-average rating of 5/10, which may impact families with school-age children. The heat risk score of 3/10, while moderate, indicates 7 hot days per year, which could necessitate air conditioning upgrades in the future.

The Ugly

The property's price point of $2,100,000 limits the pool of potential buyers, requiring a household income of at least $350,000 (based on a 28% front-end ratio) to comfortably afford the mortgage. This is significantly above the area's median income of $133,267. The extreme competition in Seattle's real estate market could lead to bidding wars, potentially pushing the final price even higher. Given the property's age, major systems (plumbing, electrical, roof) may need replacement in the near future, with potential costs exceeding $50,000. The radiator and wall furnace heating systems mentioned in the utilities section may be outdated and inefficient, potentially requiring a costly HVAC system upgrade ($15,000-$25,000). The severe air quality risk (7/10) could necessitate installation of a whole-house air filtration system ($3,000-$5,000) to mitigate health concerns.

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 high-income professionals or executives earning $350,000+ annually who value historic charm and prime location. It suits families or multi-generational households needing 4+ bedrooms and ample living space. The home is perfect for entertainers, with its gourmet kitchen, spacious living areas, and outdoor deck. It's well-suited for those who appreciate architectural character and are willing to invest in maintaining a historic property. The location is ideal for urban professionals wanting easy access to downtown Seattle (approximately 3 miles away) while enjoying a quieter, residential neighborhood.

Not For

This property is not suitable for first-time homebuyers or those with household incomes below $350,000 due to the high purchase price and potential maintenance costs. It's not ideal for investors looking for immediate rental returns, as the potential rental income (estimated $3,680/month for 4-bedroom properties) would not cover the mortgage and additional costs. Those seeking a low-maintenance, modern home should look elsewhere, as the property's age and character features may require ongoing care and updates. Buyers sensitive to air quality issues should be cautious due to the high air quality risk score.
Demographics
Area Median Income

$133,267

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Risk Assessment

Climate Risks

airSEVERE

11 bad air quality days per year

heatMODERATE

7 extreme heat days per year

98th percentile: 86°F

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The severe air quality risk (7/10) poses potential health concerns and may require costly mitigation measures. The property's age increases the likelihood of major system failures or necessary upgrades, potentially costing $50,000+ over the next 5-10 years. Seattle's seismic activity risk, though not specifically mentioned, is a concern for older homes and may require retrofitting ($3,000-$30,000). The high-end market segment this property occupies can be volatile, potentially impacting future resale value. The property's historical significance may limit renovation options due to preservation requirements. Climate change could exacerbate the moderate heat risk (3/10), potentially necessitating future cooling system installations.
Insurance
Annual Cost

$7,560

$630 per month

Financials

Monthly Costs

Price History

Property Taxes

$15,560
2023 Tax Assessment
18.5%from previous year
Assessed Value$1,638,000
Tax Rate0.95%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,991,229

-5.2% below list price

Median Price

$2,195,000

Based on 6 recent sales

Price per Sq.Ft

$592

Comparable Properties

1108 Harvard Avenue E, Seattle, WA 98102
Price: $2,800,000
Sq.Ft: 3,940
Beds/Baths: 4/3
$/Sq.Ft:
$71125.9%
Sale Date: 9/18/2024
2224 Broadway E, Seattle, WA 98102
Price: $1,265,000
Sq.Ft: 3,050
Beds/Baths: 5/3
$/Sq.Ft:
$41526.5%
Sale Date: 10/4/2024
1932 10th Avenue E, Seattle, WA 98102
Price: $2,195,000
Sq.Ft: 3,340
Beds/Baths: 4/3
$/Sq.Ft:
$65716.4%
Sale Date: 8/31/2024
1930 Boyer Avenue E, Seattle, WA 98112
Price: $1,531,187
Sq.Ft: 3,180
Beds/Baths: 5/3
$/Sq.Ft:
$48214.7%
Sale Date: 8/30/2024
1930 Boyer Avenue E, Seattle, WA 98112
Price: $1,531,187
Sq.Ft: 3,180
Beds/Baths: 5/3
$/Sq.Ft:
$48214.7%
Sale Date: 8/29/2024
1100 Summit Avenue E, Seattle, WA 98102
Price: $2,625,000
Sq.Ft: 3,248
Beds/Baths: 3/3
$/Sq.Ft:
$80843.2%
Sale Date: 8/6/2024

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