Listed by Windermere Real Estate Co., Bought with Windermere Mercer Island
NOT LISTED FOR SALE

318 Martin Luther King jr Way E Seattle, WA 98112

Madison Valley Neighborhood

Estimated Value: $1,068,000 - $1,151,000

3 Beds
2 Baths
2,240 Sq Ft
$499/Sq Ft Est. Value

Last Sold June 08, 2020

Last sale price $849,500 $379 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,659/month

12 Days on Market

Highlights

  • Craftsman Architecture
  • Property is near public transit
  • 1 Fireplace
  • McGilvra Elementary School Rated A
  • Wood Flooring
  • 1-minute walk to Julia Lee's Park

About This Home

As of June 2020

Poised in Madison Valley. Cascadian landscaping reveals 1925 charmer walkup, sited on oversized lot for turn-key backyard cottage addition. Sunny windows showcase restored Craftsman details, original hardwoods, chef’s kitchen of stainless steel. Lower living-suite flanks shop , storage chambers. Cottage-financing + approved architecture for new 1,000-SF cottage (DADU) in 5 months. All centered in diverse, dynamic Madison Valley’s paradise of parks & conveniences, PCC (2021);Walkscore 90.

Last Agent to Sell the Property

Edward Krigsman

Windermere Real Estate Co. License #2270 Listed on: 04/10/2020

Windermere Real Estate Co.

Last Buyer's Agent

Ariel Sloboden

Windermere Mercer Island License #23027972

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1588374

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,114

Year Built

  • Built in 1925

Lot Details

  • 5,120 Sq Ft Lot
  • Lot Dimensions are 128' x 40'
  • Partially Fenced Property
  • Level Lot
  • Zoning described as City

Home Design

  • Craftsman Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,240 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • French Doors
  • Dining Room
  • Storm Windows
  • Partially Finished Basement

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Slate Flooring
  • Travertine

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Mc Gilvra Elementary School
  • Meany Mid Middle School
  • Garfield High School

Utilities

  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Madison Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5016000375

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,114

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1925
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,RangeOven,Refrigerator,Washer,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Craftsman
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 2240
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Basement: Partially Finished
  • Appliances: Dryer, Washer
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Hardwood, Slate, Travertine, Carpet
  • Interior Amenities: Hardwood, Double Pane/Storm Window, Dining Room, French Doors, Water Heater
  • Living Area: 2240
  • Main Level Bedrooms: 2
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 2240
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Range/Oven,Refrigerator,Washer

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Restored
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Fully Fenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: Seattle City Light
  • SewerCompany: Seattle Public Utilities
  • WaterCompany: Seattle Public Utilities
  • WaterHeaterLocation: Mechanical Area
  • WaterHeaterType: Electric, tank

Schools

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

Lot Info

  • Parcel Number: 5016000375
  • Topography: Level
  • Lot Size Acres: 0.1175
  • Lot Size: 128' x 40'
  • Lot Size Sq Ft: 5120
  • Zoning Description: City
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet
  • MLSLotSizeSource: tax record
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 9114

MLS Schools

  • Elementary School: Mc Gilvra

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2020
Closed on
Jun 2, 2020
Sold by
Justin Lacson and Lacson Delia O
Bought by
Esiobu David A
Seller's Agent
Edward Krigsman
Windermere Real Estate Co.
Buyer's Agent
Ariel Sloboden
Windermere Mercer Island
List Price
$879,500
Sold Price
$849,500
Premium/Discount to List
-$30,000
-3.41%
Current Estimated Value
$1,118,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,360
Avg. Annual Appreciation
5.74%
Original Mortgage
$679,600
Outstanding Balance
$604,850
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$537,746

Purchase Details

Closed on
Dec 6, 2006
Sold by
Wozniak Delia O
Bought by
Lacson Justin and Wozniak Delia O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2004
Sold by
Hubby John A
Bought by
Wozniak Delia O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 1998
Sold by
Barash Andrew D and Barash Elizabeth R
Bought by
Hubby John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,950
Interest Rate
6.82%

Purchase Details

Closed on
Jul 3, 1996
Sold by
Early Scott C and Early Valerie P
Bought by
Barash Andrew D and Barash Elizabeth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,700
Interest Rate
8.03%
Source: Public Records

Range of Values:

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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
Esiobu David A $849,500 Chicago Title
Lacson Justin -- Chicago Title
Wozniak Delia O $310,000 Fidelity Natio
Wozniak Delia O -- Fidelity Natio
Hubby John A $185,500 Fidelity National Title
Barash Andrew D $123,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Esiobu David A $679,600
Previous Owner Lacson Justin $322,000
Previous Owner Wozniak Delia O $248,000
Previous Owner Hubby John A $166,950
Previous Owner Barash Andrew D $110,700
Closed Wozniak Delia O $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2020 06/08/20 Sold $849,500 -3.4% $379 / Sq Ft
04/22/2020 04/22/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $879,500 -- $393 / 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 $8,719 $873,000 $584,000 $289,000
2023 $8,417 $849,000 $584,000 $265,000
2022 $7,917 $895,000 $504,000 $391,000
2021 $7,722 $823,000 $458,000 $365,000
2020 $6,076 $763,000 $414,000 $349,000
2018 $5,303 $603,000 $296,000 $307,000
2017 $4,246 $503,000 $253,000 $250,000
2016 $4,017 $411,000 $211,000 $200,000
2015 $3,377 $381,000 $196,000 $185,000
2014 -- $325,000 $164,000 $161,000
2013 -- $305,000 $148,000 $157,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1588374

Northwest Multiple Listing Service (NWMLS)

APN: 501600-0375