Listed by Better Properties Gig Harbor, Bought with Terrafin
NOT LISTED FOR SALE

1207 E Madrona Blvd NW Lakebay, WA 98349

Estimated Value: $351,000 - $429,000

3 Beds
2.5 Baths
1,370 Sq Ft
$282/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $206,900 $151 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $2,609/month

158 Days on Market

Highlights

  • Waterfront Community
  • Community Boat Launch
  • Deck
  • Views of a Sound
  • RV Access or Parking
  • 2 Car Detached Garage

About This Home

As of March 2023

Private island, private ferry, 1,370 sq. ft. cabin with 3 bedroom and 2.5 bathrooms. Built in 1966 with additions & updates added over the years to include metal roof. Enter into the living room with fireplace which is open to kitchen. Laundry room/half bath, 2 main floor bedrooms, family room with hide-away bed for guests, also full bathroom. Upstairs to bedroom, 3/4 bathroom & covered deck! Filtered water view from property & easy stroll to the community beach, boat launch, seasonal docks plus parks & trails. Detached garage is currently utilized as workshop. Bring work belt & all those HGTV ideas to make this cabin shine!! Includes additional vacant lot for a total of 0.80 acres. Located on quiet road.

Last Agent to Sell the Property

Karen Dorans

Better Properties Gig Harbor License #18442 Listed on: 09/01/2022

Better Properties Gig Harbor

Co-Listed By

Paige DeClue

Better Properties Gig Harbor License #22013575

Last Buyer's Agent

Cheri Tanis

Terrafin License #135977

Terrafin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1991016

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,590

Year Built

  • Built in 1966

Lot Details

  • 0.8 Acre Lot
  • Lot Dimensions are 199x174x200x174
  • Street terminates at a dead end
  • West Facing Home
  • Partially Fenced Property
  • Level Lot
  • Garden
  • Zoning described as Rural 10

HOA Fees

  • $300 Monthly HOA Fees

Parking

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

Property Views

  • Views of a Sound
  • Territorial
  • Limited

Home Design

  • Cabin
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,370 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • French Doors
  • Storm Windows

Kitchen

  • Oven or Range
  • Stove
  • Microwave

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Evergreen Elementary School
  • Key Peninsula Mid Middle School
  • Peninsula High School

Utilities

  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Legal Lot and Block Ptn. lot 25 - all lots 26 & 27 / 3
  • Assessor Parcel Number 4450300951

Community Details

Overview

  • Hmc Office Manager Association
  • Secondary HOA Phone (253) 884-9350
  • Herron Island Subdivision

Recreation

  • Community Boat Launch
  • Waterfront Community
  • Community Playground
  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,590

Year Built

Built in 1966

Lot Details

0

HOA Fees

$300 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 11 - 1 1/2 Story
  • Year Built: 1966
  • Inclusions: Microwave,StoveRange,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Cabin
  • Building Name: Division # 3
  • New Construction: No
  • CalculatedSquareFootage: 1370
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 1,045

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Microwave, Stove/Range
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Ceiling Fan(s), Double Pane/Storm Window, French Doors, Skylight(s), Water Heater
  • Living Area: 1370
  • Main Level Bedrooms: 2
  • Bathrooms: 2.25
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 1370
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 1
  • AppliancesIncluded: Microwave,Stove/Range

Exterior Features

  • Roof: Metal
  • View: Partial, Sound, Territorial
  • Lot Features: Dead End Street
  • View: Yes
  • Waterfront: No
  • Direction Faces: West
  • Exterior Features: Wood
  • Property Condition: Fair
  • Structure Type: House
  • BusLineNearby: false

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: Peninsula Light
  • SewerCompany: <Septic>
  • WaterCompany: Herron Island Water
  • WaterHeaterLocation: Laundry room/bathroom
  • WaterHeaterType: Electric
  • CableConnected: No current service
  • InternetConnected: Centurylink

Condo/Co-op/Association

  • Community Features: Boat Launch, Community Waterfront/Pvt Beach, Park, Playground, Trail(s)
  • Senior Community: No
  • Association Fee: 300
  • Association Fee Frequency: Monthly
  • Phone: 253-884-9350
  • Association: Yes
  • AssociationContactName: HMC Office Manager

Schools

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

Lot Info

  • Parcel Number: 4450300951
  • Topography: Level,PartialSlope,Sloped
  • Land Lease: No
  • Lot Size Acres: 0.8035
  • Lot Size: 199x174x200x174
  • Lot Size Sq Ft: 35000
  • Zoning Description: Rural 10
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Outbuildings,RV Parking
  • MLSLotSizeSource: Public records
  • MLSSquareFootageSource: Public records
  • ZoningJurisdiction: County
  • LotNumber: Ptn. lot 25 - all lots 26 & 27
  • IrrigationComments: None

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: true

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2589.87
  • AdditionalTaxIds: 4450300970

Multi Family

  • EnergySource: Electric,Wood

MLS Schools

  • Elementary School: Evergreen Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2022
Closed on
Mar 10, 2023
Sold by
Arlint Steven Orla and Arlint Natalie Marie
Seller's Agent
Karen Dorans
Better Properties Gig Harbor
Buyer's Agent
Cheri Tanis
Terrafin
List Price
$275,000
Sold Price
$206,900
Premium/Discount to List
-$68,100
-24.76%
Views
130
Current Estimated Value
$386,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,228
Avg. Annual Appreciation
29.27%
Original Mortgage
$184,141
Outstanding Balance
$178,527
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$207,601
Source: Public Records

Range of Values:

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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
-- -- Aegis Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $184,141
Closed -- $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $206,900 -8.0% $151 / Sq Ft
02/06/2023 02/06/23 Pending -- -- --
11/05/2022 11/05/22 Price Changed $224,900 -9.7% $164 / Sq Ft
10/15/2022 10/15/22 Price Changed $249,000 -9.5% $182 / Sq Ft
09/01/2022 09/01/22 For Sale $275,000 -- $201 / 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 $2,459 $300,900 $124,700 $176,200
2024 $2,459 $298,100 $119,300 $178,800
2023 $2,459 $273,000 $114,000 $159,000
2022 $2,273 $291,800 $105,300 $186,500
2021 $2,247 $209,100 $66,600 $142,500
Source: Public Records

Agents Affiliated with this Home

  • Karen Dorans

    Seller's Agent in 2023

    Karen Dorans

    Better Properties Gig Harbor

    (253) 219-4076

    88 Total Sales

    Karen Dorans
    Section Image

  • P

    Seller Co-Listing Agent in 2023

    Paige DeClue

    Better Properties Gig Harbor

    (253) 514-8492

    33 Total Sales

    Paige DeClue
    Section Image
  • Cheri Tanis

    Buyer's Agent in 2023

    Cheri Tanis

    Terrafin Real Estate

    (509) 860-3421

    71 Total Sales

    Cheri Tanis
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1991016

Northwest Multiple Listing Service (NWMLS)

APN: 445030-0951

Washington Pierce County Lakebay 98349

1207 E Madrona Blvd NW, Lakebay, WA

This home is located at 1207 E Madrona Blvd NW, Lakebay, WA 98349 since 01 September 2022 and is currently estimated at $386,128, approximately $281 per square foot. This property was built in 1966. 1207 E Madrona Blvd NW is a home located in Pierce County with nearby schools including Evergreen Elementary School, Key Peninsula Middle School, and Peninsula High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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