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400 Melrose Avenue E #403, Seattle, WA, 98102

1beds
1baths
818sqft
$390,000
$477price/sqft
$2,488/moest. monthly cost
$99,520/yrincome needed

About This Home

Rarely available generously sized 818 SF one-bedroom in sought-after Shalali Condos. This light and bright unit features a functional open floor plan with a cozy gas fireplace (gas included in HOA dues) and floor-to-ceiling windows showcasing spectacular, unobstructed west-facing views of the Space Needle, Seattle skyline, Lake Union, and the Olympic Mountains, along with amazing sunset views. The remodeled kitchen includes granite countertops, stainless steel appliances, and full height cabinetry. Fresh paint enhances the sun-drenched living space. The spacious bedroom easily fits a king-sized bed and offers a wall of floor-to-ceiling closet space and storage. In-unit washer/dryer, with additional full-sized laundry on 3 floors. Includes an assigned parking space on the same level as your unit (no stairs). Plenty of street parking on Melrose Ave E for guests or an additional vehicle. Well-run HOA, with dues covering gas, water, sewer, and more. No rental cap and no special assessments. Prime location just blocks from eateries, shopping, parks, freeways, and transit, including light rail. Turnkey and move-in ready. Pet-friendly!

Getting Around

93
WalkingWalker's Paradise
88
TransitExcellent Transit
63
BikeBikeable

Schools

4/10
Lowell Elementary SchoolGrades PK-50.5 mi
7/10
8/10
Garfield High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1967

Materials

  • Roof: Flat
  • Construction materials: Metal/Vinyl,Stucco

Type & Style

  • Home type: Condo
  • Architectural style: Condo (1 Level)
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Stove(s)/Range(s),Washer,Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Washer(s),Water Heater: Electric,Water Heater Location: Closet,Cooking - Electric Hookup,Cooking-Electric,Dryer-Electric
  • Laundry features: Electric Dryer Hookup,Washer Hookup,Common Area

Bathroom Full

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Dining Room

  • Level: Main

Entry Hall

  • Level: Main

Features

  • Window features: Insulated Windows,Coverings: Yes
  • Flooring: Laminate,Vinyl,Carpet
  • Number of fireplaces: 1
  • Fireplace features: Gas,Main Level: 1,Fireplace
  • Fireplace: Yes

Heating

  • Heating features: Fireplace,Radiant,Wall Furnace,Electric,Natural Gas

Interior Area

  • Total structure area: 818
  • Total interior livable area: 818 sqft

Kitchen With Eating Space

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Utility Room

  • Level: Main

Property

Details

  • Parcel number: 7504440250
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Main
  • Patio & porch: Cooking-Electric,Dryer-Electric,Fireplace,Insulated Windows,Washer,Water Heater
  • Has view: Yes
  • View description: City,Lake,Sound
  • Has water view: Yes
  • Water view: Lake,Sound

Lot

  • Features: Curbs,Dead End Street,Paved,Sidewalk

Parking

  • Total spaces: 1
  • Parking features: Off Street,Uncovered
  • 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 $1,972$23,664
Home Insurance *$66$792
Property Taxes $301$3,612
Electricity $149$1,793
Total$2,488$29,856
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$85,302/yr
40% on housing$74,640/yr
45% on housing$66,346/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

$477This listing

vs Other Active Listings

Avg $/sqft

ZIP 98102$491
King County$442

vs Homes Sold Last Month

Median $/sqft

ZIP 98102$613
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
2026-03-02Listed for sale$399,950
2023-03-14Listing removed--
2023-03-07Price change$2,199
2023-02-15Price change$2,399
2023-02-08Price change$2,495
2023-01-31Price change$2,600
2023-01-24Listed for rent$2,800
2021-12-07Listing removed--
2021-11-06Listed for rent$2,300
2020-07-31Listing removed$435,000
2020-07-31Listed for sale$435,000
2020-07-30Sold$450,000
2020-07-01Pending sale$435,000
2020-06-26Listed for sale$435,000
2014-08-27Sold$285,500
2014-07-28Pending sale$288,000
2014-07-23Listed for sale$288,000
2009-12-18Sold$273,000
2009-11-26Price change$279,900
2009-10-04Price change$279,000
2009-09-18Listed for sale$289,000

For Sale by Agent

AgentAngela Mueller
BrokerageWPI Real Estate Services, Inc.

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