NOT LISTED FOR SALE

Estimated Value: $1,899,000 - $3,882,000

5 Beds
2 Baths
4,140 Sq Ft
$703/Sq Ft Est. Value

Last Sold December 31, 2018

Last sale price $4,000,000 $966 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $17,331/month

67 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Lake View
  • McGilvra Elementary School Rated A
  • In Ground Pool
  • Deck

About This Home

As of December 2018

Lakeside living in Madison Park. Kayak in the AM, walk to lunch w/friends then go for a boat cruise in the evening. Two duplexes on two tax lots with 70 ft combined low bank waterfront with a 100 ft dock and shared pool. Prime development opportunity with LR-3 multifamily zoning- Possible opportunity for townhomes, a 17,000+ sf, three-story building with parking below or two luxury homes or keep/renovate existing buildings. Land use and survey available upon request.

Last Agent to Sell the Property

Kirsten Robertson

Windermere Bellevue Commons License #23044 Listed on: 08/31/2018

Windermere Bellevue Commons

Co-Listed By

Lisa Whittaker

Coldwell Banker Bain License #46694

Last Buyer's Agent

Nate Pearson

Ewing & Clark, Inc. License #18879

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1353061

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • Low Bank Waterfront Property
  • Partially Fenced Property
  • Level Lot
  • Property is zoned LR3

Parking

  • Attached Carport

Property Views

  • Lake
  • City
  • Territorial

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 2 Bathrooms
  • 4 Fireplaces
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Docks
  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Madison Park Community

Listing and Financial Details

  • Assessor Parcel Number 4115100080

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, 2nd Master Br, Dining Room, Hot Tub/Spa
  • Floor Covering: Ceramic Tile, Hardwood, Laminate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 5.50
  • Total Full Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Half Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Three Quarter Bathrooms Lower: 2
  • Main Half Bathrooms: 2
  • Master Bedroom: Main
  • Fireplaces: 4
  • Fireplaces Main: 2
  • Fireplaces Lower: 2
  • Basement: Daylight
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 4140
  • Square Footage Finished: 4140

Exterior Features

  • Exterior: Brick, Wood
  • Foundation: Poured Concrete, Slab
  • Roof: Flat
  • View: City, Lake, Territorial
  • Waterfront: Bank-Low, Lake, No Bank
  • Waterfront Frontage: 70
  • Pool: In-Ground

Garage/Parking

  • Parking Type: Carport-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air
  • Power Company: Seattle City Light
  • Sewer: Sewer Connected
  • Sewer Company: City of Seattle
  • Water Company: City of Seattle
  • Water Heater: Lower Level-Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Madison Park
  • Project: Lake WA Shore Lands

Schools

  • School District: SEA

Lot Info

  • Lot Number: 14-15/5
  • Lot Details: Curbs, Paved Street, Sidewalk
  • Lot Sq Ft: 30014
  • Lot Topography Vegetation: Level
  • Parcel Number: 4115100080
  • Zoning Code: LR3
  • Zoning Jurisdiction: City
  • Lot Topography: Level

Rental Info

  • Monthly Rentif Rented: 5000

Tax Info

  • Tax Amount: 36367

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Dec 21, 2018
Sold by
Jane Ann Quigg Llc
Bought by
Madison Park Apartments Llc
Seller's Agent
Kirsten Robertson
Windermere Bellevue Commons
Buyer's Agent
Nate Pearson
Ewing & Clark, Inc.
List Price
$6,000,000
Sold Price
$4,000,000
Premium/Discount to List
-$2,000,000
-33.33%
Current Estimated Value
$2,908,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,091,155
Avg. Annual Appreciation
-4.42%
Original Mortgage
$2,800,000
Outstanding Balance
$1,063,788
Interest Rate
4.9%
Estimated Equity
$1,845,057

Purchase Details

Closed on
Dec 29, 1999
Sold by
Rogers William G
Bought by
Jane Ann Quigg Llc
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 Buyer Sale Price Title Company
Madison Park Apartments Llc $4,000,000 Chicago Title
Jane Ann Quigg Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madison Park Apartments Llc $2,800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2018 12/31/18 Sold $4,000,000 -19.9% $966 / Sq Ft
11/06/2018 11/06/18 Pending -- -- --
10/06/2018 10/06/18 Price Changed $4,995,000 -16.8% $1,207 / Sq Ft
08/31/2018 08/31/18 For Sale $6,000,000 -- $1,449 / 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 $25,452 $2,693,000 $2,692,000 $1,000
2023 $23,454 $2,510,000 $2,509,000 $1,000
2022 $20,313 $2,750,000 $2,509,000 $241,000
2021 $18,197 $2,227,000 $2,032,000 $195,000
2020 $19,080 $1,888,000 $1,887,000 $1,000
2018 $17,696 $1,928,000 $1,927,000 $1,000
2017 $14,983 $1,799,000 $1,798,000 $1,000
2016 $14,527 $1,572,000 $1,571,000 $1,000
2015 $12,670 $1,489,000 $1,488,000 $1,000
2014 -- $1,327,000 $824,000 $503,000
2013 -- $1,327,000 $824,000 $503,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1353061

Northwest Multiple Listing Service (NWMLS)

APN: 411510-0080