NOT LISTED FOR SALE

1418 Martin Luther King jr Way Seattle, WA 98122

Madrona Neighborhood

Estimated Value: $1,169,000 - $1,273,329

4 Beds
1 Bath
1,900 Sq Ft
$639/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $910,000 $479 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $7,339/month

7 Days on Market

Highlights

  • Craftsman Architecture
  • Deck
  • 1 Fireplace
  • Garfield High School Rated A
  • Softwood Flooring
  • High Speed Internet

About This Home

As of July 2019

Impeccably renovated while retaining it's 1913 Craftsman charm, this home is steps away from oodles of shops and restaurants in all directions - Madrona, Madison Valley, the Central District, the farmer's market and more. The enormous yard is great for an urban farmer or someone who'd like to sprout a well-designed DADU and still have plenty of room to roam. Period details are paired with new infrastructure throughout - plumbing, wiring, on-demand water heater, side sewer, insulation and more.

Last Agent to Sell the Property

Ben Carr

Windermere Real Estate Co. License #49692 Listed on: 06/12/2019

Windermere Real Estate Co.

Last Buyer's Agent

Scotty Stobie

Redfin

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1472927

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,805

Year Built

  • Built in 1913

Lot Details

  • Property is Fully Fenced
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Craftsman Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Softwood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Madrona Community

Listing and Financial Details

  • Assessor Parcel Number 1189000365

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,805

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Craftsman
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dbl Pane/Storm Windw, Dining Room, French Doors, Security System, Walk-In Closet
  • Floor Covering: Ceramic Tile, Fir/Softwood, Hardwood
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 4.00
  • Main Floor Bedrooms: 2
  • Lower Level Bedroom: 2
  • Bathrooms: 1.75
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Daylight, Fully Finished
  • Dining Room: Main
  • Family Room: Lower
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 1900
  • Square Footage Finished: 1900

Exterior Features

  • Construction Methods: Standard Frame
  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Forced Air, Wall
  • Power Company: SCL
  • Sewer: Sewer Connected
  • Sewer Company: SPU
  • Water Company: SPU
  • Water Heater: outside-on-demand
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Madrona

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: SEA

Lot Info

  • Lot Details: Paved Street, Sidewalk
  • Lot Sq Ft: 6560
  • Lot Topography Vegetation: Level
  • Parcel Number: 1189000365
  • Lot Topography: Level

Tax Info

  • Tax Amount: 5150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2019
Closed on
Jul 2, 2019
Sold by
Lancaster Alice F and Feller Meghan M
Bought by
Maxwell Liza and Bennett Sean
Seller's Agent
Ben Carr
Windermere Real Estate Co.
Buyer's Agent
Scotty Stobie
Redfin
List Price
$899,000
Sold Price
$910,000
Premium/Discount to List
$11,000
1.22%
Total Days on Market
7
Current Estimated Value
$1,213,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,332
Avg. Annual Appreciation
4.49%
Original Mortgage
$530,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2005
Sold by
Tran Vu Thai and Roussel Sian M
Bought by
Lancaster Alice N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.9%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 16, 2002
Sold by
Bankston Mamie
Bought by
Tran Vu Thai and Roussel Sian M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,360
Interest Rate
6.03%
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 Buyer Sale Price Title Company
Maxwell Liza $910,000 Cw Title
Lancaster Alice N $380,000 Transnation Ti
Tran Vu Thai $188,000 Old Republic T
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maxwell Liza $365,000
Closed Maxwell Liza $530,000
Previous Owner Lancaster Alice N $307,949
Previous Owner Lancaster Alice N $129,800
Previous Owner Lancaster Alice N $92,000
Previous Owner Lancaster Alice N $76,000
Previous Owner Lancaster Alice N $304,000
Previous Owner Tran Vu Thai $182,360
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2019 07/12/19 Sold $910,000 +1.2% $479 / Sq Ft
06/19/2019 06/19/19 Pending -- -- --
06/12/2019 06/12/19 For Sale $899,000 -- $473 / 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
2024 $10,805 $1,072,000 $617,000 $455,000
2023 $9,992 $1,023,000 $617,000 $406,000
2022 $9,409 $1,079,000 $532,000 $547,000
2021 $9,184 $992,000 $483,000 $509,000
2020 $5,901 $963,000 $437,000 $526,000
2018 $5,150 $584,000 $302,000 $282,000
2017 $4,126 $487,000 $258,000 $229,000
2016 $3,903 $398,000 $215,000 $183,000
2015 $3,284 $369,000 $200,000 $169,000
2014 -- $315,000 $167,000 $148,000
2013 -- $299,000 $151,000 $148,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1472927

Northwest Multiple Listing Service (NWMLS)

APN: 118900-0365