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942 NW 54th Street, Seattle, WA, 98107

3beds
3baths
1,784sqft
$979,000
$549price/sqft
$5,848/moest. monthly cost
$233,920/yrincome needed

About This Home

Welcome to Olive — an exceptional Ballard townhome set directly across from Gilman Park, offering the rare urban luxury of a green, open view right outside your front door. Four thoughtfully designed floors offer 3 bedrooms, a private den/office, and a fourth-floor sky lounge made for entertaining — opening to a rooftop deck with sweeping park and neighborhood views. A dedicated home office means work and life each have their proper place. The main level delivers a chef's kitchen with a generous island, Pro-Series appliances, custom cabinetry, and wide-plank flooring throughout. The third-floor primary suite is a serene retreat with a spa-inspired en-suite bath. One of just 24 curated homes by award-winning Shelter Homes, steps from the Ballard Farmers Market, restaurants, and boutiques. Urban living at its finest.

Getting Around

92
WalkingWalker's Paradise
54
TransitGood Transit
93
BikeBiker's Paradise

Schools

10/10
Ballard High SchoolGrades 9-120.7 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Roof: Composition,Flat,Metal
  • Construction materials: Brick,Cement Planked,Wood Products,Cement Plank

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: Townhouse
  • Architectural style: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Refrigerator,Stove(s)/Range(s),Dishwasher(s),Garbage Disposal,Microwave(s),Refrigerator(s),Water Heater: Gas,Water Heater: on demand,Cooking-Gas,Dryer-Electric,Washer
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Bathroom Full

  • Level: Fourth

Bathroom Full

  • Level: Third

Bathroom Three Quarter

  • Level: Second

Bedroom

  • Level: Main

Bedroom

  • Level: Fourth

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 3/4 bathrooms: 1
  • Main level bedrooms: 1

Bonus Room

  • Level: Fourth

Den Office

  • Level: Third

Dining Room

  • Level: Second

Dining Room

  • Level: Second

Entry Hall

  • Level: Main

Features

  • Flooring: Ceramic Tile,Laminate,Carpet

Heating & Cooling

  • Heating features: Ductless,Wall Furnace,Electric,Natural Gas
  • Cooling features: Ductless

Interior Area

  • Total structure area: 1,784
  • Total interior livable area: 1,784 sqft

Kitchen With Eating Space

  • Level: Second

Living Room

  • Level: Second

Master Bedroom

  • Level: Third

Utility Room

  • Level: Third

Property

Details

  • Parcel number: 6195690000
  • Special condition: Standard

Features

  • Levels: Multi/Split
  • Entry location: Main
  • Patio & porch: Cooking-Gas,Dryer-Electric,Washer,Water Heater
  • Has view: Yes
  • View description: City,Territorial

Lot

  • Lot size: 5,000 sqft

Parking

  • Total spaces: 2
  • Parking features: None
  • Covered spaces: 1
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in King County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,950$59,400
Home Insurance *$129$1,548
Property Taxes $620$7,440
Electricity $149$1,793
Total$5,848$70,176
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$200,502/yr
40% on housing$175,440/yr
45% on housing$155,946/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$549This listing

vs Other Active Listings

Avg $/sqft

ZIP 98107$380
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98107$597
King County$485

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-17Listed for sale$979,000

New Construction

AgentDrew Smith
BrokerageUrban Commercial Partners, LLC

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