People keep saying “location” but have said nothing popping about the location, other than an Asian will build a bigger house on it.
As I said above.
2 blocks from Discovery Park. 8 minute drive to Discover Park beach, 18 minute drive to Golden Gardens beach. Elementary school 9/10, middle 7/10, High 9/10 ratings. It's a nice safe neighborhood with close proximity to many things.
On the same block there are 4 houses valued at over 1 million and 15 over 800K. The house is terrible, but people who are looking to live in what many people deem a livable location won't see the house, but see the land it's on and see that they can build a much nicer house and make money off it in the future.
The house is 15 minutes from downtown Seattle, near large corporations and many restaurants.
This is what location means. It might not be for you, but the fact that someone will buy this property lets you know that others view this as a nice location.