Score
0Seattle, WA
9300 21st Avenue NW
2.5M
4 beds
4 baths
2,940 sqft
4 bd • 4 ba • 2,940 sf
This analysis was generated on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$2,495,000
Price/Sq.Ft
$849
Year Built
1954
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property excels with its stunning 180-degree views of the Olympic Mountains and Puget Sound, a rare feature that significantly enhances its value. The recent studs-out remodel with high-end finishes positions it as a turnkey luxury home. At 2,940 sqft, it's 22% larger than the median Seattle home size of 2,400 sqft. The property boasts top-of-the-line Miele appliances, premium fixtures (Ann Sacks, Victoria + Albert, Hansgrohe), and thoughtful upgrades like a built-in BBQ and hot tub, justifying its $848.64/sqft price, which is 6% above the Seattle average of $800/sqft for luxury homes. Its location in North Beach offers excellent schools, with nearby schools rated 6-7/10. The home's minimal flood (1/10) and fire (1/10) risk scores are significantly better than Seattle averages, potentially lowering insurance costs.
The Bad
The property's price of $2,495,000 is 177% higher than the Seattle median of $900,000, limiting the buyer pool. While the price per square foot is justified by the upgrades, it's still at a premium. The estimated annual insurance cost of $8,982 is about 30% higher than the Seattle average of $6,900, likely due to the high-value upgrades and views. The severe air quality risk (7/10) with 10 bad air days per year is concerning and could impact outdoor enjoyment and potentially long-term health. The moderate heat risk (3/10) with 7 hot days per year may necessitate increased use of the new AC system, potentially raising energy costs.
The Ugly
The property's dramatic 520% price increase since its last sale in 2020 ($402,445 to $2,495,000) raises questions about market stability and potential overvaluation. While this reflects the extensive renovations, it may complicate future appreciation. The home's age (built 1954) means that despite the remodel, some core systems may need attention in the coming decade. The high-end finishes and systems (Miele appliances, marble tiles, smart home features) will require specialized, costly maintenance. The unobstructed views, while a major selling point, are not guaranteed forever and could potentially be impacted by future development, affecting the property's value.
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-net-worth individuals or families with annual incomes exceeding $600,000 (based on a 28% DTI ratio). It's perfect for those prioritizing luxury living, panoramic views, and high-end entertaining spaces. The property suits professionals who work from home, given the office space and high-tech cabling. It's also well-suited for empty nesters or retirees looking for a turnkey property with minimal immediate maintenance needs. Investors focused on the luxury short-term rental market could capitalize on the high-end amenities and views, potentially commanding $500-$700 per night based on comparable luxury Airbnb rates in Seattle.
Not For
This property is not suitable for first-time homebuyers or those with household incomes below $600,000 due to the high purchase price and ongoing costs. It's not ideal for large families needing more than 4 bedrooms or those requiring extensive yard space for children or pets. Investors seeking immediate positive cash flow through traditional long-term rentals may find the high purchase price challenging to offset with rental income, even at the upper end of the market ($3,810/month for 4-bedroom homes). Those sensitive to air quality issues should carefully consider the severe air quality risk score.
Demographics
Area Median Income
$146,887
Property History
Price History
Ownership Timeline
$0Cash Purchase
Jan 27, 2024April Lane, Ethan KaufmanApril Lane, Ethan Kaufman
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Aug 31, 2021April Lane, Ethan KaufmanApril Lane, Ethan Kaufman
Intrafamily Transfer
Non-Arm's Length Transactions
$402,445Financed
Feb 24, 2020April LaneApril Lane, Ethan Kaufman
Warranty Deed
Standard Sale (Purchase/Resales)
$915,000Financed
Oct 19, 2018Thomas M Treece JrApril Lane
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Oct 30, 2008Julie A Treece, Julie Treece GeloffThomas M Treece Jr
Personal Representative Deed
Non-Arm's Length Transactions
Property Taxes
$15,831
2023 Tax Assessment
1.9%from previous year
Assessed Value$1,668,000
Tax Rate0.95%
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
8.0/10
ExcellentMiddle
8.0/10
ExcellentHigh
7.5/10
GoodFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$2,495,000
Price/sqft
$849
Layout
4 bd•4 ba
Days on market
1 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,526,167
63.5%
Your price is 63.5% above average
Median Price
$1,550,000
61.0%
Based on 6 recent sales
Price per Sq.Ft
$564
50.5%
Your price is 50.5% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 10527 15th Avenue NW, Seattle, WA 98177 | $2,210,000 | 2,850 | 4 | 4 | $7758.6% | 11/1/2024 |
| 301 NW 100th Street, Seattle, WA 98177 | $1,265,000 | 2,590 | 4 | 4 | $48842.4% | 11/9/2024 |
| 652 NW 86th Street, Seattle, WA 98117 | $1,617,000 | 2,670 | 4 | 4 | $60628.6% | 10/3/2024 |
| 301 NW 100th Street, Seattle, WA 98177 | $1,265,000 | 2,590 | 4 | 4 | $48842.4% | 10/7/2024 |
| 349 NW 86TH Street, Seattle, WA 98117 | $1,550,000 | 2,820 | 4 | 4 | $55035.2% | 9/4/2024 |
| 9020 4th Avenue NW, Seattle, WA 98117 | $1,250,000 | 2,615 | 5 | 4 | $47843.7% | 9/11/2024 |
10527 15th Avenue NW, Seattle, WA 98177
Price: $2,210,000
Sq.Ft: 2,850
Beds/Baths: 4/4
$/Sq.Ft:
$7758.6%
Sale Date: 11/1/2024
301 NW 100th Street, Seattle, WA 98177
Price: $1,265,000
Sq.Ft: 2,590
Beds/Baths: 4/4
$/Sq.Ft:
$48842.4%
Sale Date: 11/9/2024
652 NW 86th Street, Seattle, WA 98117
Price: $1,617,000
Sq.Ft: 2,670
Beds/Baths: 4/4
$/Sq.Ft:
$60628.6%
Sale Date: 10/3/2024
301 NW 100th Street, Seattle, WA 98177
Price: $1,265,000
Sq.Ft: 2,590
Beds/Baths: 4/4
$/Sq.Ft:
$48842.4%
Sale Date: 10/7/2024
349 NW 86TH Street, Seattle, WA 98117
Price: $1,550,000
Sq.Ft: 2,820
Beds/Baths: 4/4
$/Sq.Ft:
$55035.2%
Sale Date: 9/4/2024
9020 4th Avenue NW, Seattle, WA 98117
Price: $1,250,000
Sq.Ft: 2,615
Beds/Baths: 5/4
$/Sq.Ft:
$47843.7%
Sale Date: 9/11/2024
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