Listed by Orcas Island Realty, Bought with COMPASS
$1,070,000
SOLD JAN 29, 2025

231 Madrona St Unit 1 Eastsound, WA 98245

3 Beds
3.5 Baths
1,542 Sq Ft
$200/mo HOA Fee

Recently Sold

$694 Per Sq Ft

Highlights

  • Ocean View
  • New Construction
  • Corner Lot
  • Orcas Island High School Rated A-
  • Contemporary Architecture
  • Ground Level Unit

About This Home

As of January 2025

Eastsound Village Townhouse with Vacation Rental Permit! Newly constructed 3 bed/3.5 bath, located near schools, library, beaches, and all local amenities. This five-unit complex offers 2 private entrances for each home. Positioned on the east end, this unit overlooks the village and water views of East Sound. Modern design features include wood siding, quartz and butcher block counters, stainless appliances, and crisp, white walls. The main floor can function as a locked off studio with a 3/4 bath. The second floor has an open-concept living/dining/kitchen area with a 1/2 bath. The upper level includes 2 bedrooms, each with ensuite 3/4 baths. One assigned parking space plus ample street parking. Other units sold separately.

Last Agent to Sell the Property

Mary Clure

Orcas Island Realty License #2040 Listed on: 11/14/2024

Co-Listed By

Deborah Jones

Orcas Island Realty License #22015342

Last Buyer's Agent

Kevin Ranker

COMPASS License #22011354

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2293489

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,355

Year Built

  • Built in 2024 | New Construction

Lot Details

  • Southeast Facing Home
  • Sprinkler System

HOA Fees

  • $200 Monthly HOA Fees

Property Views

  • Ocean
  • Views of a Sound
  • Bay
  • Mountain
  • Territorial

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,542 Sq Ft Home
  • 3-Story Property
  • Insulated Windows
  • Laminate Flooring
  • Washer

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • Bathroom on Main Level

Home Security

Parking

  • 1 Parking Space
  • Off-Street Parking

Location

  • Ground Level Unit

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Tankless Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 271454306000

Community Details

Overview

  • Association fees include garbage, lawn service
  • 5 Units
  • Evan Westcott Association
  • Secondary HOA Phone (425) 941-0805
  • Orcas Madrona Condominium Condos
  • Eastsound Subdivision
  • Park Phone (425) 941-0805 | Manager Evan Westcott

Pet Policy

  • Dogs and Cats Allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,355

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 34 - Condo (3 Levels)
  • Year Built: 2024
  • Buyer Agency Compensation: 1.5
  • Inclusions: Dishwasher(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Building Name: Orcas Madrona Condominium
  • Unit Levels: Three Or More
  • New Construction: Yes
  • CalculatedSquareFootage: 1542
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • RemodeledUpdated: false
  • UnitFeatures: Ground Floor,Insulated Windows,Sprinkler System
  • NewConstruction: Completed
  • DetachedDwellingSqFtFinished: 0
  • NWM_ExcludedItemsYN: false
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate Hardwood, Water Heater
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Stories: 3
  • BathsFullMain: 0
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 1
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 2
  • BedroomsLower: 0
  • BedroomsUpper: 2
  • AppliancesIncluded: Dishwasher(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • WindowCoverings: None

Exterior Features

  • Roof: Composition
  • View: Bay, Mountain(s), Ocean, Sound, Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: Southeast
  • Exterior Features: Wood
  • Structure Type: Multi Family
  • BusLineNearby: false
  • ViewFrom: Unit

Garage/Parking

  • Carport Y N: No
  • Parking Features: Off Street
  • Total Parking Spaces: 1

Utilities

  • Cooling: Ductless HP-Mini Split, Heat Pump
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split, Heat Pump, Tankless Water Heater
  • Heating Yn: Yes
  • PowerCompany: OPALCO
  • SewerCompany: Eastsound Sewer
  • WaterCompany: Eastsound Water
  • WaterHeaterLocation: Foyer Closet
  • WaterHeaterType: Electric Heat Pump Tank
  • InternetConnected: Rock Island Fiber

Condo/Co-op/Association

  • Community Features: Fire Sprinklers, High Speed Int Avail, Outside Entry
  • Park Manager Name: Evan Westcott
  • Park Manager Phone: 425-941-0805
  • Senior Community: No
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Phone: 425-941-0805
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK, Subj to Restrictions
  • AssociationContactName: Evan Westcott
  • CoOp: false
  • CommonPropertyFeatures: Fire Sprinklers,High Speed Int Avail,Outside Entry

Fee Information

  • Association Fee Includes: Garbage, Lawn Service
  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Orcas Island
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 271454306000
  • Lot Size Acres: 0.036
  • Lot Size Sq Ft: 1568
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric

Rental Info

  • RentalCap: No Rental Cap
  • ShortTermRentalYN: true

Tax Info

  • Year: 2024
  • Tax Annual Amount: 1355

Multi Family

  • Number Of Units In Community: 5
  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2023
Sold by
Orcas Fern St Llc
Bought by
Orcas Madrona Llc
Current Estimated Value
$1,249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,905,000
Outstanding Balance
$1,867,174
Interest Rate
7.31%
Mortgage Type
Construction
Estimated Equity
-$618,174

Purchase Details

Closed on
Feb 1, 2021
Sold by
Andrew Stewart R and Andrew Cynthia H
Bought by
Orcas Fern St Lc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
2.6%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Quit Claim Deed -- San Juan Title
Warranty Deed $705,000 San Juan Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,905,000 Construction
Previous Owner $700,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2025 01/29/25 Sold $1,070,000 -0.5% $694 / Sq Ft
01/18/2025 01/18/25 Pending -- -- --
11/14/2024 11/14/24 For Sale $1,075,000 -- $697 / 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 $1,356 -- -- --
2023 $1,356 $231,000 $231,000 $0
2022 $1,503 $231,000 $231,000 $0
2021 $1,499 $210,000 $210,000 $0
2020 $1,536 $185,240 $185,240 $0
2019 $1,019 $185,240 $185,240 $0
2018 $977 $118,550 $118,550 $0
2017 $753 $118,550 $118,550 $0
2016 $1,579 $99,620 $99,620 $0
2015 $1,579 $99,620 $99,620 $0
2014 $1,579 $132,820 $132,820 $0
2012 $1,579 $147,580 $147,580 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2293489

Northwest Multiple Listing Service (NWMLS)

APN: 271454-306-000