NOT LISTED FOR SALE

1504 Martin Luther King jr Way Seattle, WA 98122

Madrona Neighborhood

Estimated Value: $617,000 - $860,000

2 Beds
1 Bath
1,010 Sq Ft
$757/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $625,000 $619 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,746/month

156 Days on Market

Highlights

  • Property is near public transit
  • Territorial View
  • 1 Fireplace
  • Garfield High School Rated A
  • Wood Flooring
  • Patio

About This Home

As of May 2022

Solid location! An excellent opportunity to fix it up and flip this house! Come see this 2 bedroom 1 bathroom home, all wrapped into a price that you can truly afford! Expand your Real Estate portfolio, the perfect opportunity for the right buyer!

Last Agent to Sell the Property

Kirk Russell

John L. Scott, Inc. License #48077 Listed on: 11/12/2021

John L. Scott, Inc.

Last Buyer's Agent

Kirk Russell

John L. Scott, Inc. License #48077 Listed on: 11/12/2021

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1862497

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $497

Year Built

  • Built in 1918

Lot Details

  • 4,800

Parking

  • Off-Street Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,010 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Territorial Views
  • Unfinished Basement

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Schools

  • Madrona Elementary School
  • Meany Mid Middle School
  • Garfield High School

Additional Features

  • Patio
  • 4,800 Sq Ft Lot
  • Property is near public transit

Community Details

  • Seattle Subdivision

Listing and Financial Details

  • Senior Tax Exemptions
  • Legal Lot and Block 1-2 / 18
  • Assessor Parcel Number 9828201625

Home Details

Home Type

Single Family

Est. Annual Taxes

$497

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1918
  • Inclusions: Dishwasher,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Yeslers
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1010
  • SeniorExemption: true
  • Special Features: None
  • Cumulative Days on Market: 1,200

Interior Features

  • Fireplaces: 1
  • Basement: Unfinished
  • Appliances: Dishwasher, Stove/Range
  • Full Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Living Area: 1010
  • Main Level Bedrooms: 2
  • Bathrooms: 1
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 1010
  • SquareFootageUnfinished: 380
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Stove/Range

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: None, Off Street

Utilities

  • Sewer: Available
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Connected
  • HeatingCoolingType: Forced Air
  • PowerCompany: PSE
  • SewerCompany: SPU
  • WaterCompany: SPU

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle
  • High School: Garfield High
  • Middle Or Junior School: Meany Mid

Lot Info

  • Parcel Number: 9828201625
  • Lot Size Acres: 0.1102
  • Lot Size Sq Ft: 4800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: County
  • LotNumber: 1-2

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 497

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Madrona Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2021
Closed on
May 10, 2022
Sold by
Abacus Guardianship Inc
Bought by
Pham Julie
Seller's Agent
Kirk Russell
John L. Scott, Inc.
Buyer's Agent
Kirk Russell
John L. Scott, Inc.
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$764,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,962
Avg. Annual Appreciation
6.55%

Purchase Details

Closed on
Oct 12, 1988
Sold by
Toliver Lillian Gould
Bought by
Simmons Baxter and Simmons Lula
Source: Public Records

Range of Values:

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Average Value
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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
Pham Julie $625,000 Old Republic Title
Simmons Baxter -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simmons Lula B $916,500
Previous Owner Simmons Lula $718,500
Previous Owner Simmons Lula B $544,185
Previous Owner Simmons Baxter $370,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $625,000 0.0% $619 / Sq Ft
04/17/2022 04/17/22 Pending -- -- --
04/09/2022 04/09/22 For Sale $625,000 0.0% $619 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $625,000 -- $619 / 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 $6,678 $651,000 $532,000 $119,000
2023 $5,935 $633,000 $532,000 $101,000
2022 $516 $668,000 $459,000 $209,000
2021 $497 $614,000 $417,000 $197,000
2020 $465 $66,200 $31,100 $35,100
2018 $408 $66,200 $31,100 $35,100
2017 $374 $424,000 $250,000 $174,000
2016 $343 $347,000 $209,000 $138,000
2015 $312 $322,000 $194,000 $128,000
2014 -- $275,000 $162,000 $113,000
2013 -- $258,000 $145,000 $113,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1862497

Northwest Multiple Listing Service (NWMLS)

APN: 982820-1625