Listed by Better Properties Gig Harbor, Bought with Keller Williams North Seattle
$330,000
SOLD MAR 4, 2025

1202 E Madrona Blvd NW Lakebay, WA 98349

4 Beds
1 Bath
2,592 Sq Ft
0.37 Acres

Recently Sold

$127 Per Sq Ft

41 Days on Market

Highlights

  • Views of a Sound
  • RV Access or Parking
  • Deck
  • Community Boat Launch
  • Clubhouse
  • Vaulted Ceiling

About This Home

As of March 2025

Huge view of the Case Inlet and the majestic, Olympic Mountains. Situated on the quaint and private Herron Island with parks, beaches, boat launch and mooring. This will make a great forever home, a second, or a huge home as an Air B&B for an investment. This one will require some elbow grase as there are unfinished projects throughout the home as the price reflects. A massive opportunty to build sweat equity very quickly and have many options. Herron Island is a private Island owned by it's property owners. It has it's own ferry and crew and one MUST have a pass from a property owner to get on the Island making it one of the safest places around. Home also has a detached, oversized 2 car garage. Call your agent! Air B&Bs ok!

Last Agent to Sell the Property

Chance Blowers

Better Properties Gig Harbor License #128321 Listed on: 12/20/2024

Better Properties Gig Harbor

Last Buyer's Agent

Jeff Menowsky

Keller Williams North Seattle License #20121800

Keller Williams North Seattle

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2317695

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,336

Year Built

  • Built in 1969

Lot Details

  • 0.37 Acre Lot
  • Partially Fenced Property
  • Sloped Lot
  • Garden

HOA Fees

  • $314 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Off-Street Parking
  • RV Access or Parking

Property Views

  • Views of a Sound
  • Mountain Views

Home Design

  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 2,592 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • French Doors
  • Loft
  • Storm Windows
  • Dishwasher
  • Basement

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathroom on Main Level
  • 1 Full Bathroom

Outdoor Features

  • Deck

Schools

  • Key Peninsula Mid Middle School
  • Peninsula High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Septic Tank

Listing and Financial Details

Community Details

Overview

  • Herron Island Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Boat Launch
  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,336

Year Built

Built in 1969

Lot Details

0

HOA Fees

$314 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1969
  • Inclusions: Dishwasher(s),Refrigerator(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 2592
  • SeniorExemption: false
  • DetachedDwellingSqFtFinished: 0
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2317695?w=Consumer&agent=112891
  • Special Features: None
  • Cumulative Days on Market: 304

Interior Features

  • Appliances: Dishwasher(s), Refrigerator(s)
  • Full Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Ceiling Fan(s), Ceramic Tile, Double Pane/Storm Window, French Doors, Laminate, Loft, Vaulted Ceiling(s), Walk-In Closet(s), Wall to Wall Carpet
  • Living Area: 2592
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Bathrooms: 1
  • BathsFullMain: 1
  • SquareFootageFinished: 2592
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Refrigerator(s)
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Sound
  • View: Yes
  • Waterfront: No
  • Construction Type: Metal/Vinyl, Wood
  • Exterior Features: Metal/Vinyl, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: House
  • WaterAccess: Beach Rights,Community Waterfront/Pvt Beach,Deeded Access

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage, Off Street, RV Parking
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Cooling: Window Unit A/C
  • Cooling Y N: Yes
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Peninsula Light
  • SewerCompany: On Site
  • WaterCompany: Herron Water

Condo/Co-op/Association

  • Community Features: Boat Launch, Club House, Park, Playground
  • Senior Community: No
  • Association Fee: 314
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Peninsula
  • High School: Peninsula High
  • Middle Or Junior School: Key Peninsula Mid

Lot Info

  • Parcel Number: 4450301052
  • Topography: Partial Slope,Sloped
  • Land Lease: No
  • Lot Size Acres: 0.3673
  • Lot Size Sq Ft: 16000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,RV Parking
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4336

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2024
Closed on
Mar 3, 2025
Sold by
Penson Gary R
Bought by
Menowsky Taylor and Menowsky Jeffrey
Seller's Agent
Chance Blowers
Better Properties Gig Harbor
Buyer's Agent
Jeff Menowsky
Keller Williams North Seattle
List Price
$330,000
Sold Price
$330,000
Views
184
Current Estimated Value
$460,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,776
Avg. Annual Appreciation
51.38%
Original Mortgage
$280,500
Outstanding Balance
$279,579
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$121,421

Purchase Details

Closed on
Nov 29, 2016
Sold by
Francis Dennis and Francis Emma
Bought by
Penson Gary R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,050
Interest Rate
3.52%
Mortgage Type
VA

Purchase Details

Closed on
Apr 20, 2000
Sold by
Fennie Jon D
Bought by
Francis Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.24%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 19, 2000
Sold by
Fennie Megan E
Bought by
Fennie Jon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.24%
Mortgage Type
Balloon
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $330,000 Fidelity National Title
Warranty Deed $189,719 Ticor Title
Warranty Deed $160,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,500 New Conventional
Previous Owner $194,050 VA
Previous Owner $60,000 Credit Line Revolving
Previous Owner $100,000 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2025 03/04/25 Sold $330,000 0.0% $127 / Sq Ft
01/30/2025 01/30/25 Pending -- -- --
12/20/2024 12/20/24 For Sale $330,000 -- $127 / Sq Ft
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
2025 $4,336 $355,300 $141,300 $214,000
2024 $4,336 $545,900 $135,200 $410,700
2023 $4,336 $494,100 $129,100 $365,000
2022 $3,480 $453,200 $119,200 $334,000
2021 $3,482 $331,500 $76,000 $255,500
2019 $2,446 $280,400 $56,800 $223,600
2018 $2,064 $234,900 $54,100 $180,800
2017 $2,064 $188,300 $41,800 $146,500
2016 $2,813 $208,700 $44,100 $164,600
2014 $3,151 $230,200 $64,500 $165,700
2013 $3,151 $245,600 $51,100 $194,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2317695

Northwest Multiple Listing Service (NWMLS)

APN: 445030-1052