Listed by Better Properties Gig Harbor, Bought with Paramount Real Estate Group
NOT LISTED FOR SALE

450 E Madrona Pkwy Grapeview, WA 98546

Estimated Value: $509,000 - $630,000

4 Beds
2.5 Baths
1,698 Sq Ft
$323/Sq Ft Est. Value

Last Sold August 23, 2023

Last sale price $560,000 $330 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,218/month

113 Days on Market

Highlights

  • 67 Feet of Waterfront
  • Community Boat Launch
  • RV Access or Parking
  • Views of a Sound
  • Second Kitchen
  • Clubhouse

About This Home

As of August 2023

AFFORDABLE WATERFRONT WITH INCOME POTENTIAL AND AMAZING VIEWS!!! Located in the quiet community of Rustlewood with surprisingly low HOA dues, ONLY $10 a month! Beach front common areas include a cabana with large deck available to community members, boat launch, volleyball court, basketball hoop, picnic tables with bbq. Home has stunning views of Case Inlet and 67 feet of private waterfront. Kayak, swim, fish, collect clams and oysters right form your back yard! The main floor of the home has great natural light and access to the large deck with expansive views. Downstairs is a fully equipped 2 bedroom apartment with its own entrance! Perfect for multi-generational living or use for extra income!

Last Agent to Sell the Property

Aleah Clark

Better Properties Gig Harbor License #136756 Listed on: 03/16/2023

Better Properties Gig Harbor

Last Buyer's Agent

Erica Tudela

Paramount Real Estate Group License #27558

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2045638

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,510

Year Built

  • Built in 1986

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 157 x 68
  • 67 Feet of Waterfront
  • Home fronts a sound
  • Property Fronts a Bay or Harbor
  • Cul-De-Sac
  • Southwest Facing Home
  • Brush Vegetation
  • Terraced Lot
  • Wooded Lot
  • Garden
  • Property is in good condition

HOA Fees

  • $10 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway
  • RV Access or Parking

Property Views

  • Views of a Sound
  • Bay Views

Home Design

  • Split Foyer
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,698 Sq Ft Home
  • Multi-Level Property
  • Finished Basement
  • Natural lighting in basement
  • Storm Windows

Kitchen

  • Second Kitchen
  • Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outbuilding

Additional Homes

  • ADU includes 2 Bedrooms and 1 Bathroom

Utilities

  • Baseboard Heating
  • Water Heater

Listing and Financial Details

Community Details

Overview

  • Vicki Moore Association
  • Secondary HOA Phone (253) 318-2703
  • Rustlewood Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Community Boat Launch
  • Sport Court

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,510

Year Built

Built in 1986

Lot Details

0.25 Acres

HOA Fees

$10 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 14 - Split Entry
  • Year Built: 1986
  • Inclusions: Dishwasher,Dryer,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 1698
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • AccessoryDwellingUnit: AttachedDwelling
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2045638?w=Consumer&agent=116736
  • Special Features: None

Interior Features

  • Basement: Daylight, Finished
  • Appliances: Dishwasher, Dryer, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet, Second Kitchen, Bath Off Primary, Double Pane/Storm Window, Water Heater
  • Living Area: 1698
  • Main Level Bedrooms: 2
  • BathsFullMain: 0
  • SquareFootageFinished: 1698
  • SquareFootageUnfinished: 0
  • BathsFullLower: 1
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Dryer,Refrigerator,Stove/Range,Washer
  • ADUBaths: 1
  • ADUBeds: 2

Exterior Features

  • Roof: Composition
  • View: Bay, Sound
  • Lot Features: Cul-De-Sac, Paved
  • View: Yes
  • Waterfront Features: Bank-Medium, Bay/Harbor, Saltwater, Sound
  • Waterfront: Yes
  • Direction Faces: Southwest
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: House
  • WaterfrontFootage: 67
  • WaterAccess: Community Waterfront/Pvt Beach,Tideland Rights

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: RV Parking, Driveway, Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PUD#3
  • SewerCompany: Mason County
  • WaterCompany: Rustlewood
  • WaterHeaterLocation: Downstairs Closet
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Athletic Court, Boat Launch, CCRs, Club House
  • Senior Community: No
  • Association Fee: 10
  • Association Fee Frequency: Monthly
  • Phone: 253-318-2703
  • Association: Yes
  • AssociationContactName: Vicki Moore

Schools

  • Junior High Dist: Shelton

Lot Info

  • Parcel Number: 221275100016
  • Topography: Sloped,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.25
  • Lot Size: 157 x 68
  • Lot Size Sq Ft: 10890
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Outbuildings,RV Parking,Shop
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2510

Multi Family

  • EnergySource: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2023
Closed on
Aug 16, 2023
Sold by
Kathrein Catherine B
Bought by
Headley Christopher Leonard and Headley Nicole Grace
Seller's Agent
Aleah Clark
Better Properties Gig Harbor
Buyer's Agent
Erica Tudela
Paramount Real Estate Group
List Price
$599,000
Sold Price
$560,000
Premium/Discount to List
-$39,000
-6.51%
Views
73
Current Estimated Value
$548,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,756
Avg. Annual Appreciation
-0.82%
Original Mortgage
$336,000
Outstanding Balance
$326,602
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$221,642

Purchase Details

Closed on
Feb 24, 2022
Sold by
Chaloner James B
Bought by
Kathrein Catherine B

Purchase Details

Closed on
Nov 20, 2017
Sold by
Chaloner William
Bought by
Chaloner William and Kathrein Catherine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,500
Interest Rate
4.4%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Nov 14, 2017
Sold by
Chaloner William Barry
Bought by
Chaloner William Barry and Katherin Catherine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,500
Interest Rate
4.4%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Listed on
May 1, 2014
Closed on
Jul 14, 2015
Sold by
Butler John Ben
Bought by
Chaloner William Barry
Seller's Agent
Veronica Colburn
Windermere PeninsulaProperties
Buyer's Agent
Malinda Hill
Dalton Realty, Inc
List Price
$198,000
Sold Price
$181,000
Premium/Discount to List
-$17,000
-8.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.93%
Original Mortgage
$271,500
Interest Rate
3.83%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Dec 4, 2014
Sold by
Butler John Ben
Bought by
Butler John Ben and The John Ben Butler Elected Credit Shelt
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Headley Christopher Leonard $560,000 Land Title
Kathrein Catherine B $25,000 None Listed On Document
Chaloner William -- Land Title
Chaloner William Barry -- Land Title Company
Chaloner William Barry $181,000 Mason County Title Ins Co
Butler John Ben -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Headley Christopher Leonard $336,000
Previous Owner Chaloner William $532,500
Previous Owner Chaloner William Barry $532,500
Previous Owner Chaloner William Barry $271,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/23/2023 08/23/23 Sold $560,000 -4.9% $330 / Sq Ft
07/07/2023 07/07/23 Pending -- -- --
06/01/2023 06/01/23 Price Changed $589,000 -1.7% $347 / Sq Ft
03/16/2023 03/16/23 For Sale $599,000 +230.9% $353 / Sq Ft
07/15/2015 07/15/15 Sold $181,000 -5.7% $107 / Sq Ft View Prior Sale
01/26/2015 01/26/15 Pending -- -- --
09/29/2014 09/29/14 Price Changed $192,000 -3.0% $113 / Sq Ft
05/01/2014 05/01/14 For Sale $198,000 -- $117 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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
2025 $3,334 $469,320 $53,565 $415,755
2024 $3,334 $442,355 $51,155 $391,200
2023 $2,851 $344,545 $69,320 $275,225
2022 $3,050 $313,960 $67,300 $246,660
2021 $2,510 $313,960 $67,300 $246,660
2020 $2,349 $250,695 $74,780 $175,915
2018 $1,961 $181,405 $66,770 $114,635
2017 $1,960 $181,405 $66,770 $114,635
2016 $1,909 $190,830 $80,640 $110,190
2015 -- $186,030 $78,120 $107,910
2014 -- $189,830 $79,800 $110,030
2013 -- $184,770 $75,600 $109,170
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2045638

Northwest Multiple Listing Service (NWMLS)

APN: 22127-51-00016

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