NOT LISTED FOR SALE

314 Martin Luther King Junior Way E Seattle, WA 98112

Madison Valley Neighborhood

Estimated Value: $1,520,000 - $1,758,000

5 Beds
3 Baths
2,675 Sq Ft
$616/Sq Ft Est. Value

Last Sold April 05, 2021

Last sale price $1,460,000 $546 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $9,847/month

Highlights

  • Deck
  • Garden
  • Level Lot
  • McGilvra Elementary School Rated A
  • High Speed Internet
  • 1-minute walk to Julia Lee's Park

About This Home

As of April 2021

5br 4bth (1 full 3 3/4) huge park-like backyard only 2 blocks from Madison (90 walkscore). McGilvra Elementary, walking distance to Bush. Possible room for backyard cottage, lower level has additional separate entrance. Form + function harmonize in this expertly renovated 1924 Scandinavian Bungalow. Designed to maximize indoor-outdoor livability + interroom flow - rich textured interiors are alive with local native hardwoods, sophisticated douglas fir accents, custom birch cabinets + paneling. Cork flooring, natural materials + EV charging capabilities align to reduce footprint + inspire quality living. Large windows offer glowing natural light + peaceful communion with exterior urban oasis. Refined master suite accentuates tree views.

Last Agent to Sell the Property

Daniel Sanchez

Portico Real Estate License #26649 Listed on: 02/25/2021

Last Buyer's Agent

Jon Bergerson

RE/MAX Metro Realty, Inc. License #50233

RE/MAX Metro Realty, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1733162

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,792

Year Built

  • Built in 1924

Lot Details

  • Level Lot
  • Garden

Parking

  • Off-Street Parking

Home Design

  • Metal Roof
  • Cement Board or Planked

Utilities

  • High Speed Internet
  • Cable TV Available

Additional Features

  • 3 Bathrooms
  • Deck
  • Finished Basement

Community Details

  • Madison Valley Community

Listing and Financial Details

  • Assessor Parcel Number 5016000380

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,792

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Building Information: Built On Lot
  • Entrance Level: Lower
  • Senior Exemption: Y
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 1
  • Bathrooms: 3.25
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 3
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Lower: 1
  • Basement: Fully Finished
  • Dining Room: Main
  • Living Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2686
  • Square Footage Finished: 2675

Exterior Features

  • Exterior: Cement Planked
  • Roof: Metal

Garage/Parking

  • Parking Type: Off Street, K

Utilities

  • Heating And Cooling: Forced Air
  • Sewer: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Madison Valley

Schools

  • Elementary School: Mc Gilvra
  • Middle School: Meany Mid
  • High School: Garfield High
  • School District: SEA

Lot Info

  • Lot Details: Paved Street, Sidewalk
  • Lot Dimensions: 40x128
  • Lot Sq Ft: 5120
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 5016000380
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 6528

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2021
Closed on
Mar 25, 2021
Sold by
Rasmussen Jeffery Hans and House Sparrow Llc
Bought by
Sy Charlie Hence and Florendo Nonna
Seller's Agent
Daniel Sanchez
Portico Real Estate
Buyer's Agent
Jon Bergerson
RE/MAX Metro Realty, Inc.
List Price
$1,538,750
Sold Price
$1,460,000
Premium/Discount to List
-$78,750
-5.12%
Current Estimated Value
$1,648,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,087
Avg. Annual Appreciation
2.82%
Original Mortgage
$775,000
Outstanding Balance
$705,192
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$947,400

Purchase Details

Listed on
Mar 19, 2020
Closed on
Mar 11, 2020
Sold by
Horn Diana and Estate Of Millard Horn
Bought by
Thouse Sparrow Llc
Seller's Agent
Marina Crews Lemelson
The Agency Seattle
Buyer's Agent
Daniel Sanchez
Portico Real Estate
List Price
$610,000
Sold Price
$610,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
129.60%
Original Mortgage
$764,246
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 1989
Sold by
Darrow John H
Bought by
Transamerica Financial Serv
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sy Charlie Hence $1,460,000 Ticor Title
Thouse Sparrow Llc $610,000 Ticor Title
Transamerica Financial Serv -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sy Charlie Hence $775,000
Previous Owner Thouse Sparrow Llc $764,246
Previous Owner Horn Millard $378,000
Previous Owner Horn Millard $360,000
Previous Owner Horn Millard $320,000
Previous Owner Horn Millard $272,000
Previous Owner Horn Millard $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2021 04/05/21 Sold $1,460,000 -2.3% $546 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
03/09/2021 03/09/21 Price Changed $1,495,000 -2.8% $559 / Sq Ft
02/25/2021 02/25/21 For Sale $1,538,750 +152.3% $575 / Sq Ft
03/19/2020 03/19/20 Sold $610,000 0.0% $421 / Sq Ft
03/19/2020 03/19/20 For Sale $610,000 -- $421 / 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 $12,792 $1,316,000 $584,000 $732,000
2023 $12,102 $1,256,000 $584,000 $672,000
2022 $11,396 $1,324,000 $504,000 $820,000
2021 $7,386 $1,217,000 $458,000 $759,000
2020 $6,528 $727,000 $414,000 $313,000
2018 $5,705 $653,000 $296,000 $357,000
2017 $4,570 $545,000 $253,000 $292,000
2016 $4,330 $446,000 $211,000 $235,000
2015 $3,637 $414,000 $196,000 $218,000
2014 -- $353,000 $164,000 $189,000
2013 -- $326,000 $148,000 $178,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1733162

Northwest Multiple Listing Service (NWMLS)

APN: 501600-0380