Listed by Better Properties Gig Harbor, Bought with Better Properties Gig Harbor
NOT LISTED FOR SALE

517 E Madrona Boulevard Kp N Lakebay, WA 98349

Estimated Value: $228,000 - $334,000

2 Beds
1 Bath
562 Sq Ft
$480/Sq Ft Est. Value

Last Sold May 15, 2018

Last sale price $125,000 $222 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,605/month

218 Days on Market

Highlights

  • Waterfront Community
  • RV Access or Parking
  • 1 Fireplace
  • Community Boat Launch
  • Deck
  • Limited Views

About This Home

As of May 2018

Super cute 2 bedroom/3/4 bathroom single story cabin. Originally built in 1955 the cabin has been added to & remodeled over the years. Open living/dining/kitchen with large windows & door to deck. Enjoy the water view & sunrises from this east facing property! Included in the sale is the adjacent lot to the south (parcel # 4450500840 - 515 E. Madrona Blvd) which is 0.33 acre/14,400 sq. ft. Herron Island has boat launch, seasonal boat docks, playground, beaches! Perfect getaway cabin to unwind!

Last Agent to Sell the Property

Karen Dorans

Better Properties Gig Harbor License #18442 Listed on: 09/06/2017

Better Properties Gig Harbor

Last Buyer's Agent

Dallas Amidon

Better Properties Gig Harbor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1188440

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,769

Year Built

  • Built in 1955

Lot Details

  • Level Lot
  • Garden
  • Property is zoned R10

Home Design

  • Cabin
  • Pillar, Post or Pier Foundation
  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace
  • Limited Views
  • Oven or Range

Flooring

  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • Off-Street Parking
  • RV Access or Parking

Additional Features

  • Deck
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 4450500830

Community Details

Overview

  • Herron Island Community

Recreation

  • Community Boat Launch
  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,769

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Cabin
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fan(s), Dbl Pane/Storm Windw
  • Floor Covering: Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dryer, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 1
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 0.75
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 562
  • Square Footage Finished: 562

Exterior Features

  • Exterior: Wood
  • Foundation: Post And Block
  • Roof: Built-Up
  • View: Partial

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Baseboard, Stove/Free Standing
  • Power Company: Peninsula Light
  • Septic Approved for Number of Bedrooms: 1
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Herron Island Water
  • Water Heater: Kitchen cupboard-Electric
  • Water Source: Community

Condo/Co-op/Association

  • HOA Fees: 161
  • Community Name: Herron Island
  • Project: Division # 5
  • Community Features: Boat Launch, Community Waterfront/Pvt Beach

Schools

  • Elementary School: Evergreen Elem
  • Middle School: Key Peninsula Mid
  • High School: Peninsula High
  • School District: PEN

Lot Info

  • Lot Number: 11
  • Lot Dimensions: 80 x 179
  • Lot Sq Ft: 14400
  • Lot Topography Vegetation: Garden Space, Level, Partial Slope, Sloped
  • Parcel Number: 4450500830
  • Zoning Code: R10
  • Zoning Jurisdiction: County
  • Lot Topography: Garden Space, Level, Partial Slope, Sloped

Tax Info

  • Tax Amount: 700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2017
Closed on
May 9, 2018
Sold by
Slee Cornelia
Bought by
Postlewait Douglas Scott and Postlewait Kathryn Marie
Seller's Agent
Karen Dorans
Better Properties Gig Harbor
Buyer's Agent
Dallas Amidon
Better Properties Gig Harbor
List Price
$124,950
Sold Price
$125,000
Premium/Discount to List
$50
0.04%
Current Estimated Value
$269,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,722
Avg. Annual Appreciation
10.52%
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
Postlewait Douglas Scott $124,719 Ticor Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2018 05/15/18 Sold $125,000 0.0% $222 / Sq Ft
04/13/2018 04/13/18 Pending -- -- --
03/06/2018 03/06/18 For Sale $124,950 0.0% $222 / Sq Ft
01/23/2018 01/23/18 Off Market $125,000 -- --
09/06/2017 09/06/17 For Sale $124,950 -- $222 / 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
2025 $1,769 $210,200 $127,800 $82,400
2024 $1,769 $206,200 $122,300 $83,900
2023 $1,769 $191,800 $116,800 $75,000
2022 $1,403 $176,500 $107,900 $68,600
2021 $1,361 $121,300 $68,700 $52,600
2019 $835 $91,100 $41,500 $49,600
2018 $700 $71,000 $37,400 $33,600
2017 $700 $56,200 $28,900 $27,300
2016 $1,087 $61,200 $30,500 $30,700
2014 $1,128 $82,900 $53,300 $29,600
2013 $1,128 $76,900 $42,200 $34,700
Source: Public Records

Agents Affiliated with this Home

  • Karen Dorans

    Seller's Agent in 2018

    Karen Dorans

    Better Properties Gig Harbor

    (253) 219-4076

    90 Total Sales

    Karen Dorans
    Section Image

  • D

    Buyer's Agent in 2018

    Dallas Amidon

    Better Properties Gig Harbor

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1188440

Northwest Multiple Listing Service (NWMLS)

APN: 445050-0830

Washington Pierce County Lakebay 98349

517 E Madrona Boulevard Kp N, Lakebay, WA

This home is located at 517 E Madrona Boulevard Kp N, Lakebay, WA 98349 since 06 September 2017 and is currently estimated at $269,722, approximately $479 per square foot. This property was built in 1955. 517 E Madrona Boulevard Kp N is a home located in Pierce County with nearby schools including Evergreen Elementary School, Key Peninsula Middle School, and Peninsula High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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