Listed by John L. Scott, Inc., Bought with Windermere RE Bainbridge
NOT LISTED FOR SALE

1173 Madison Ave N Bainbridge Island, WA 98110

Estimated Value: $1,701,885

0.59 Acre
$2,884,551 Price per Acre
25,700 Sq Ft Lot

Last Sold September 29, 2017

Last sale price $950,000

Est. 79% increase in value since last sale

Current estimated payment $10,117/month

6 Days on Market

About This Lot

As of September 2017

Developable lot consisting of .59 acres in the Mixed Use Town Center/Madison Overlay zoning with up to 1.0 FAR. The lot currently includes a 2126 square foot dental office. Located near the major intersection of arterials High School Road and Madison Avenue with close proximity to the Island Village Shopping Center and downtown Winslow commercial/residential district. Strong development potential for multifamily and commercial spaces.

Last Agent to Sell the Property

Eileen Black

John L. Scott, Inc. License #78692 Listed on: 06/29/2017

John L. Scott, Inc.

Last Buyer's Agent

Bill Hunt

Windermere RE Bainbridge

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1152738

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,692

Lot Details

Additional Features

  • Level Lot
  • Sewer in Street

Community Details

  • Winslow Community

Listing and Financial Details

  • Assessor Parcel Number 27250210132007

Property Details

Property Type

Land

Est. Annual Taxes

$12,692

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Style: 43 - Comm/Industrial
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Level: Developed lot with all utilities on lot.

Exterior Features

  • Road Information: Paved
  • Road On Which Sideof Property: East
  • Water Jurisdiction: City of Bainbridge Island

Utilities

  • Electricity: On Property
  • Gas Available: Not Available
  • Sewer: In Street, On Property
  • Water: Available, In Street, On Property

Condo/Co-op/Association

  • Community Name: Winslow

Schools

  • Elementary School: Ordway Elem
  • Middle School: Sonoji Sakai Inter
  • High School: Bainbridge Isl
  • School District: BIS

Lot Info

  • General Zoning Classification: Business, Commercial, Multi-Family, Office, Residential, Retail
  • Improvements: Cable Tv Available
  • Lot Details: Curbs, Paved Street, Sidewalk
  • Lot Sq Ft: 25700
  • Parcel Number: 27250210132007
  • Topography: Level
  • Zoning Jurisdiction: City
  • Zoning Remarks: Madison Avenue Overl

Tax Info

  • Tax Amount: 9987

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2021
Sold by
Matt 1914 Llc
Bought by
Pacifica Properties Llc
Current Estimated Value
$1,701,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$919,491
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$782,394

Purchase Details

Listed on
Jun 29, 2017
Closed on
Sep 18, 2017
Sold by
Burke Barbara J
Bought by
Matt 19:14 Llc
Seller's Agent
Eileen Black
John L. Scott, Inc.
Buyer's Agent
Bill Hunt
Windermere RE Bainbridge
List Price
$949,000
Sold Price
$950,000
Premium/Discount to List
$1,000
0.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%
Original Mortgage
$580,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2017
Sold by
Heinemann Mark
Bought by
Burke Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 1997
Sold by
Studerus Marjory E and American Marine Bank
Bought by
Heinemann Mark R and Burke Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 1996
Sold by
Studerus Marjory E
Bought by
Studerus Marjory E and American Marine Bank
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pacifica Properties Llc -- Pacific Northwest Title
Matt 19:14 Llc -- Pacific Northwest Title
Burke Barbara $281 None Available
Heinemann Mark R $275,000 Land Title Co
Studerus Marjory E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pacifica Properties Llc $1,000,000
Previous Owner Matt 19:14 Llc $580,000
Previous Owner Heinemann Mark R $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2017 09/29/17 Sold $950,000 +0.1% --
07/06/2017 07/06/17 Pending -- -- --
06/29/2017 06/29/17 For Sale $949,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $12,692 $1,456,160 $1,100,680 $355,480
2025 $12,692 $1,456,160 $1,100,680 $355,480
2024 $10,706 $1,265,650 $846,670 $418,980
2023 $10,855 $1,235,420 $806,360 $429,060
2022 $10,235 $996,310 $806,360 $189,950
2021 $10,353 $966,320 $766,370 $199,950
2020 $9,982 $915,780 $733,050 $182,730
2019 $9,782 $915,780 $733,050 $182,730
2018 $10,639 $899,160 $666,460 $232,700
2017 $9,987 $899,160 $666,460 $232,700
2016 $9,513 $818,050 $576,810 $241,240
2015 $8,214 $725,760 $461,450 $264,310
2014 -- $679,610 $403,760 $275,850
2013 -- $781,400 $535,610 $245,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1152738

Northwest Multiple Listing Service (NWMLS)

APN: 272502-1-013-2007