Listed by Windermere RE Greenwood, Bought with Ewing & Clark, Inc.
NOT LISTED FOR SALE

Estimated Value: $875,000 - $1,966,000

-- Bed
-- Bath
2,207 Sq Ft
$658/Sq Ft Est. Value

Last Sold September 03, 2021

Last sale price $1,760,000 $797 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $8,907/month

3 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Patio
  • McGilvra Elementary School Rated A
  • Corner Lot
  • 4-minute walk to Madison Park

About This Home

As of September 2021

Fireside Terrace, a classic Mid-Century Modern 4-plex, is on the market for the first time in 31 years. Located blocks from the beach in the heart of Madison Park, original 1954 details include vaulted ceilings with exposed beams, hardwood floors, dutch doors, and built-ins. Kitchens remodeled with quartz counters, SS appliances, Marmoleum flooring, and tile backsplash. Bathrooms completely renovated with tile and new fixtures/vanities. Upstairs 2 bed has own laundry and deck overlooking the property and MP village. On-site laundry, tankless hot water, storage, and professionally landscaped.

Last Agent to Sell the Property

Kelly Pournoor

Windermere RE Greenwood License #83084 Listed on: 08/07/2021

Windermere RE Greenwood

Last Buyer's Agent

Jane Powers

Ewing & Clark, Inc. License #9948

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1820474

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,921

Year Built

  • Built in 1954

Lot Details

  • 3,540 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,207 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Ceramic Tile

Outdoor Features

  • Deck
  • Patio

Utilities

  • Tankless Water Heater
  • Cable TV Available

Community Details

  • Fireside Terrace Condos
  • Madison Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2558190005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,921

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1954
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Fireside Terrace
  • New Construction: No
  • CalculatedSquareFootage: 2207
  • Special Features: None
  • Cumulative Days on Market: 344

Interior Features

  • Possible Use: See Remarks
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Tankless Water Heater, Ceramic Tile, Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition, Flat
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Seattle

Lot Info

  • Parcel Number: 2558190005
  • Lot Size Acres: 0.0813
  • Lot Size Sq Ft: 3540
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,Patio
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: See Remarks

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 8085

Multi Family

  • Gross Scheduled Income: 97020
  • Net Operating Income: 76999
  • Number Of Units Total: 4
  • Electric Expense: 300
  • Insurance Expense: 3600
  • Leasable Area: 2207
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 10921

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2021
Closed on
Sep 3, 2021
Sold by
Scearce Patricia Ann and Scearce Ann Ronan
Bought by
Jbl Iii Madison Llc
Seller's Agent
Kelly Pournoor
Windermere RE Greenwood
Buyer's Agent
Jane Powers
Ewing & Clark, Inc.
List Price
$1,800,000
Sold Price
$1,760,000
Premium/Discount to List
-$40,000
-2.22%
Current Estimated Value
$1,449,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$310,966
Avg. Annual Appreciation
-2.14%

Purchase Details

Closed on
Mar 10, 2016
Sold by
Scearce Ann R
Bought by
Ann Ronan Scearce Living Trust and Scearce Patricia
Source: Public Records

Range of Values:

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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
Jbl Iii Madison Llc $1,760,000 Cw Title
Ann Ronan Scearce Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scearce Ann Ronan $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2021 09/03/21 Sold $1,760,000 -2.2% $797 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
08/07/2021 08/07/21 For Sale $1,800,000 -- $816 / 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 $11,689 $1,186,000 $708,000 $478,000
2023 $11,759 $1,270,000 $708,000 $562,000
2022 $10,298 $1,364,000 $584,100 $779,900
2021 $10,921 $1,093,000 $584,100 $508,900
2020 $10,320 $1,108,000 $548,700 $559,300
2018 $10,243 $1,046,000 $336,300 $709,700
2017 $8,901 $1,020,000 $300,900 $719,100
2016 $8,027 $914,000 $300,900 $613,100
2015 $6,768 $803,000 $300,900 $502,100
2014 -- $690,000 $300,900 $389,100
2013 -- $593,000 $300,900 $292,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1820474

Northwest Multiple Listing Service (NWMLS)

APN: 255819-0005