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4534 S Orcas Street
Seattle, WA

4534 S Orcas Street

$749,000
3 bd • 2 ba • 1,260 sf

This analysis was generated by artificial intelligence on 1/29/2025. 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

$749,000

Price/Sq.Ft

$594

Year Built

2001

AI Property Analysis

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

The Good

• The property is a well-maintained, move-in-ready single-family home built in 2001, providing a newer construction option compared to many older homes in Seattle. • The home offers desirable features such as a primary suite, a chef's kitchen, bamboo floors, A/C, and newer washer/dryer, enhancing its appeal to modern buyers. • The property has a spacious 2-car garage with additional off-street parking, which is a significant advantage in Seattle where parking can be limited. • The location is convenient, with easy access to public transportation (bus lines and light rail), award-winning restaurants in Hillman and Columbia City, and Seward Park, making it ideal for those who value walkability and access to amenities. • The home provides one-level living with cathedral ceilings in the south-facing living room, creating a bright and spacious feel. • The property sits above the street, providing additional privacy and territorial views, which is a desirable feature for many buyers. • The property has a minimal flood risk (1/10) and minimal fire risk (1/10) making it less susceptible to climate-related insurance claims.

The Bad

• The price per square foot is $594.44, which is higher than the Seattle average for similar properties. This could indicate the property is priced at the upper end of the market. The property's last sale in 2018 was for $596,400, a roughly $150,000 increase in price in just over 6 years. • The property has a moderate heat risk (3/10) with 7 hot days per year, which may require reliance on the A/C system, increasing energy costs. The 98th percentile temp of 87°F may not be comfortable for some individuals without cooling. • The property is located in an area with a severe air quality risk (7/10), with 11 bad air days per year. This could be a concern for potential buyers with respiratory issues. • The property is located in a high competition market, which may result in bidding wars and a potentially higher purchase price than expected. • The house is only 1,260 sq ft which may be small for some families, especially given the price point.

The Ugly

• The property's severe air quality risk (7/10) and 11 bad air days per year is a significant concern. This could lead to health issues for some residents and may require additional measures to maintain indoor air quality. • The listing price of $749,000 is a 25.6% increase from the last sale in 2018, which may indicate an overvaluation. The price history shows that the property has been on the market multiple times, and price reductions were required to achieve a sale. • The estimated annual insurance cost of $2,696.40 is relatively high and will add to the monthly carrying costs of the property. • The property relies on a combination of forced air, wall furnace, and a ductless mini-split heat pump for heating and cooling. While this provides versatility, it may require higher maintenance costs and energy usage compared to a more modern, integrated system. • The property is located in a highly competitive market, which may lead to a stressful buying process with multiple offers and potentially inflated prices. This also means there is no guarantee the property will appreciate as quickly as it has in the past.

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

• Buyers seeking a move-in ready, single-level home in a vibrant Seattle neighborhood. The home's features, including the primary suite, chef's kitchen, and A/C, cater to those prioritizing convenience and modern amenities. • Individuals who value proximity to public transportation and local amenities. The property is conveniently located near bus lines, light rail, and award-winning restaurants, making it ideal for those who prefer not to rely solely on personal vehicles. • Buyers looking for a home with ample parking and storage space. The 2-car garage with additional off-street parking, coupled with the spacious layout, offers ample storage and workspace that's hard to find in older Seattle homes. • Those comfortable with the current market price point and who are seeking a home that has seen recent upgrades (e.g., newer washer/dryer). The home's 2001 construction and recent upgrades may minimize immediate renovation needs and costs.

Not For

• Buyers seeking a larger home. At 1,260 square feet, this property may be too small for buyers who need extensive living space or large yards. The average new construction single family home is around 2,500 sq ft. • Individuals who prioritize top-rated schools. While the Orca K-8 and Aki Kurose Middle schools are close by, their ratings of 5/10 may not meet the needs of buyers seeking highly-rated schools. Franklin High School has a rating of 4/10. • Buyers on a very tight budget. The price per square foot of $594.44 is relatively high, and the total price of $749,000 may be out of reach for budget-conscious buyers. The estimated insurance cost of $2,696.40 per year will also impact monthly carrying costs. • Those who want to avoid areas with air quality issues. The property's air quality risk is rated as severe (7/10) with 11 bad air days per year, which may be a concern for those with respiratory sensitivities.
Demographics
Area Median Income

$94,790

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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: 87°F

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

• **Market Volatility:** Seattle's real estate market can be volatile. While the property has seen recent price appreciation, there's no guarantee this trend will continue. The property's history shows a 2.2% decrease in sale price between 2018-11-18 and 2018-12-14. • **Air Quality:** The severe air quality risk (7/10) and 11 bad air days per year could impact the health and lifestyle of residents. This is something to consider especially for individuals with respiratory issues or allergies. • **School Ratings:** The local schools have middling ratings (5/10) for Orca K-8 and Aki Kurose Middle, and a 4/10 for Franklin High, which may be a concern for families with school-aged children. This may impact future resale value. • **Maintenance Costs:** While the property has newer appliances and some upgrades, homes built in 2001 may still require ongoing maintenance and repairs. The high price per square foot may not account for future maintenance expenses. • **Limited Inventory:** The limited inventory in the area contributes to the competitive atmosphere and may put upward pressure on prices, making it potentially difficult for buyers to negotiate favorable terms.
Insurance
Annual Cost

$2,696

$225 per month

Financials

Monthly Costs

Price History

Property Taxes

$7,342
2023 Tax Assessment
9.5%from previous year
Assessed Value$751,000
Tax Rate0.98%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$667,500

-10.9% below list price

Median Price

$760,000

Based on 6 recent sales

Price per Sq.Ft

$547

Comparable Properties

4228 S Findlay Street, Seattle, WA 98118
Price: $450,000
Sq.Ft: 1,250
Beds/Baths: 2/2
$/Sq.Ft:
$36039.4%
Sale Date: 12/16/2024
5954 36th Avenue S #A, Seattle, WA 98118
Price: $580,000
Sq.Ft: 1,170
Beds/Baths: 3/2
$/Sq.Ft:
$49616.6%
Sale Date: 12/2/2024
5011 37th Avenue S #A, Seattle, WA 98118
Price: $630,000
Sq.Ft: 1,255
Beds/Baths: 2/2
$/Sq.Ft:
$50215.6%
Sale Date: 10/23/2024
4127 48th Avenue S #B, Seattle, WA 98118
Price: $760,000
Sq.Ft: 1,101
Beds/Baths: 2/2
$/Sq.Ft:
$69016.1%
Sale Date: 11/7/2024
4127 48th Avenue S #B, Seattle, WA 98118
Price: $760,000
Sq.Ft: 1,101
Beds/Baths: 2/2
$/Sq.Ft:
$69016.1%
Sale Date: 11/7/2024
5120 S Farrar Street, Seattle, WA 98118
Price: $825,000
Sq.Ft: 1,510
Beds/Baths: 4/2
$/Sq.Ft:
$5468.1%
Sale Date: 10/8/2024

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