NOT LISTED FOR SALE

3505 E Olive St Seattle, WA 98122

Madrona Neighborhood

Estimated Value: $2,074,182 - $2,924,000

5 Beds
5 Baths
4,140 Sq Ft
$586/Sq Ft Est. Value

Last Sold August 06, 2018

Last sale price $2,325,000 $562 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $13,968/month

8 Days on Market

Highlights

  • Deck
  • Contemporary Architecture
  • 2 Fireplaces
  • Garfield High School Rated A
  • Bamboo Flooring
  • 3-minute walk to Alvin Larkins Park

About This Home

As of August 2018

Chic & Contemporary Madrona Estate. Once featured in Seattle Met Mag, this stunning estate's main house was built in 2004 boasting 2,840 SF, 4 beds & 3.5 baths, loads of windows, 10' ceilings, gourmet kitchen, bamboo & slate flooring, & extraordinary finishes. The estate's carriage house boasts 1300 SF, 1 bed & bath, w/tons of options: Airbnb, rental unit, yoga studio, nanny quarters, etc. It was updated in 2015 but kept its 1901 charm. Mature & beautiful landscaping w/private outdoor patio.

Last Agent to Sell the Property

Ursula Heenan

Windermere Real Estate Central License #24981 Listed on: 06/20/2018

Windermere Real Estate Central

Last Buyer's Agent

Nick Glant

Real Residential License #49843

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1313166

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • Property is Fully Fenced
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Garden

Parking

  • Detached Garage

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 2 Fireplaces
  • Limited Views
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Bamboo
  • Wall to Wall Carpet
  • Slate Flooring

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Madrona Community

Listing and Financial Details

  • Assessor Parcel Number 7424700135

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 15 - Multi Level
  • Architecture: Contemporary
  • Building Information: Additional Dwelling, Built On Lot
  • Entrance Level: Main
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, High Tech Cabling, Jetted Tub, Loft, Security System, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Bamboo/Cork, Slate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 5.00
  • Lower Level Bedroom: 1
  • Bathrooms: 4.50
  • Total Full Bathrooms: 4
  • Total Half Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 2
  • Fireplaces Main: 2
  • Basement: Daylight, Fully Finished
  • Dining Room: Main
  • Family Room: Lower
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4140
  • Square Footage Finished: 4140

Exterior Features

  • Exterior: Cement Planked, Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Partial

Garage/Parking

  • Parking Type: Garage-Detached
  • Total Covered Parking: 1

Utilities

  • Heating And Cooling: Radiant
  • Power Company: Seattle City Light
  • Sewer: Sewer Connected
  • Sewer Company: City of Seattle
  • Water Company: City of Seattle
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Madrona

Schools

  • School District: SEA

Lot Info

  • Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk
  • Lot Sq Ft: 5000
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 7424700135
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 14033

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2018
Closed on
Aug 2, 2018
Sold by
Lloyd Robin A and Lloyd Wendy C
Bought by
Wahl Christopher J and Wahl Suzanne L
Seller's Agent
Ursula Heenan
Windermere Real Estate Central
Buyer's Agent
Nick Glant
Real Residential
List Price
$2,400,000
Sold Price
$2,325,000
Premium/Discount to List
-$75,000
-3.12%
Current Estimated Value
$2,418,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,832
Avg. Annual Appreciation
0.57%
Original Mortgage
$2,060,000
Outstanding Balance
$1,789,027
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$637,019

Purchase Details

Listed on
Jan 9, 2016
Closed on
Jan 26, 2016
Sold by
Graham Tara C
Bought by
Lloyd Robin A and Lloyd Wendy C
Seller's Agent
Daniel Gottesman
Engel & Voelkers Mercer Island
Buyer's Agent
Beth Billington
Coldwell Banker Bain
List Price
$1,875,000
Sold Price
$1,725,000
Premium/Discount to List
-$150,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.68%
Original Mortgage
$1,380,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2009
Sold by
Lenz Brian T and Schlitt Grace M
Bought by
Graham Tara C

Purchase Details

Closed on
Apr 17, 2009
Sold by
Graham Justin T
Bought by
Graham Tara C

Purchase Details

Closed on
Oct 24, 2003
Sold by
Jonsson Joanne and Mcarthur Donna
Bought by
Lenz Brian T and Schlitt Lenz Grace M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
5.45%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wahl Christopher J $2,325,000 Ticor Title
Lloyd Robin A $1,725,000 Fidelity Natio
Graham Tara C $1,196,500 Old Republic Title Ltd
Graham Tara C -- Old Republic Title Ltd
Lenz Brian T $490,000 Old Republic T
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wahl Christopher J $2,060,000
Previous Owner Lloyd Robin A $1,380,000
Previous Owner Lenz Brian T $392,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/06/2018 08/06/18 Sold $2,325,000 -3.1% $562 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $2,400,000 +39.1% $580 / Sq Ft
02/05/2016 02/05/16 Sold $1,725,000 -8.0% $417 / Sq Ft View Prior Sale
01/10/2016 01/10/16 Pending -- -- --
01/09/2016 01/09/16 For Sale $1,875,000 -- $453 / 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 $17,334 $1,810,000 $994,000 $816,000
2023 $16,492 $1,741,000 $927,000 $814,000
2022 $14,592 $1,950,000 $927,000 $1,023,000
2021 $14,714 $1,579,000 $751,000 $828,000
2020 $15,416 $1,514,000 $646,000 $868,000
2018 $14,033 $1,517,000 $660,000 $857,000
2017 $11,561 $1,416,000 $585,000 $831,000
2016 $11,197 $1,202,000 $511,000 $691,000
2015 $10,092 $1,138,000 $484,000 $654,000
2014 -- $1,049,000 $403,000 $646,000
2013 -- $927,000 $372,000 $555,000
Source: Public Records

Agents Affiliated with this Home

  • Ursula Heenan

    Seller's Agent in 2018

    Ursula Heenan

    Windermere Corporate

    (425) 949-2420

    98 Total Sales

    Ursula Heenan
    Section Image
  • Nick Glant

    Buyer's Agent in 2018

    Nick Glant

    Real Residential

    (206) 910-4221

    2 in this area

    206 Total Sales

    Nick Glant
    Section Image
  • Brad Cahill

    Buyer Co-Listing Agent in 2018

    Brad Cahill

    Real Residential

    (206) 930-4503

    406 Total Sales

    Brad Cahill
    Section Image
  • Daniel Gottesman

    Seller's Agent in 2016

    Daniel Gottesman

    Engel & Voelkers Mercer Island

    (206) 898-2505

    61 Total Sales

    Daniel Gottesman
    Section Image
  • Sam Chapin

    Seller Co-Listing Agent in 2016

    Sam Chapin

    Engel & Voelkers Mercer Island

    (206) 948-9153

    50 Total Sales

    Sam Chapin
    Section Image
  • Beth Billington

    Buyer's Agent in 2016

    Beth Billington

    Coldwell Banker Bain

    (425) 450-5208

    189 Total Sales

    Beth Billington
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1313166

Northwest Multiple Listing Service (NWMLS)

APN: 742470-0135

Washington King County Seattle 98122 Madrona

3505 E Olive St, Seattle, WA

Not Listed for Sale

Detached

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Based on information submitted to the MLS GRID

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