Listed by Realogics Sotheby's Int'l Rlty, Bought with Windermere RE Bainbridge
NOT LISTED FOR SALE

522 Madrona Way NE Unit 1A Bainbridge Island, WA 98110

Estimated Value: $575,527 - $702,000

1 Bed
2 Baths
1,026 Sq Ft
$626/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $535,000 $521 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,098/month

4 Days on Market

Highlights

  • Property is near public transit
  • Vaulted Ceiling
  • Storm Windows
  • Bainbridge High School Rated A
  • Modern Architecture
  • High Speed Internet

About This Home

As of December 2023

This Modern ICF build by award-winning Clark Construction & designed by Indigo Architecture + Interiors, offers a flexible floor plan featuring urban design finishes & convenient in-town living. Unit #1A is a 1-bedroom townhome with a street level studio/office/guest space with private entry. Townhome is two stories & features wide-planked rustic pine floors & a modern, spacious kitchen with quartz counters & stainless steel appliances. The studio/office/guest room includes a 3/4 bath & washer/dryer. This flexible space creates so many opportunites including use as a short term rental! Equipped with Fiber Optic technology & solar ready. Includes reserved parking space. Everything you need is a 5-10 minute stroll to Winslow and the ferry!

Last Agent to Sell the Property

Jennifer Saez

Realogics Sotheby's Int'l Rlty License #86600 Listed on: 12/15/2023

Realogics Sotheby's Int'l Rlty

Co-Listed By

Beverly French

Better Properties Bainbridge License #18976

Last Buyer's Agent

Daniel Moskin

Windermere RE Bainbridge License #135376

Windermere RE Bainbridge

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2186092

Northwest Multiple Listing Service (NWMLS)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,975

Year Built

  • Built in 2019

Lot Details

  • 1,417 Sq Ft Lot
  • Street terminates at a dead end
  • North Facing Home
  • Sprinkler System
  • Property is in very good condition

HOA Fees

  • $349 Monthly HOA Fees

Home Design

  • Modern Architecture
  • Slab Foundation
  • Insulated Concrete Forms
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,026 Sq Ft Home
  • Multi-Level Property
  • Vaulted Ceiling

Kitchen

  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Concrete

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Driveway
  • Off-Street Parking

Location

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

Utilities

  • Ductless Heating Or Cooling System
  • Water Heater
  • High Speed Internet
  • High Tech Cabling

Listing and Financial Details

Community Details

Overview

  • Michael Maxwell Association
  • Madrona End Blocks Condos
  • Built by Clark Construction
  • Bainbridge Island Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Security

  • Storm Windows

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,975

Year Built

Built in 2019

Lot Details

0

HOA Fees

$349 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 32 - Townhouse
  • Year Built: 2019
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Modern
  • Building Name: Madrona End Blocks
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 1026
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2186092?w=Consumer&agent=53601
  • Special Features: None

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Washer
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 1
  • Entry Location: Upper (2nd Floor)
  • Fireplace: No
  • Flooring: Concrete, See Remarks, Carpet
  • Interior Amenities: Concrete, Wall to Wall Carpet, Bath Off Primary, Double Pane/Storm Window, High Tech Cabling, Sprinkler System, Vaulted Ceiling(s), Water Heater
  • Living Area: 1026
  • BathsFullMain: 0
  • SquareFootageFinished: 1026
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Washer

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Builder Name: Clark Construction
  • Direction Faces: North
  • Exterior Features: Cement/Concrete, Wood
  • Foundation Details: Slab
  • Property Condition: Very Good
  • Structure Type: Townhouse
  • BusLineNearby: true
  • ConstructionMethods: Insulated Concrete Form (ICF)

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: Driveway, Off Street

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: COBI
  • WaterCompany: COBI
  • WaterHeaterLocation: closet in studio
  • WaterHeaterType: electric
  • InternetConnected: Net 253

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association Fee: 349
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: Residential
  • AssociationContactName: Michael Maxwell

Schools

  • Junior High Dist: Bainbridge Island
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 56440000340001
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.0325
  • Lot Size Sq Ft: 1417
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: High Speed Internet
  • MLSLotSizeSource: builder
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Insulated Concrete Form (ICF)
  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: true

Tax Info

  • Year: 2023
  • Tax Annual Amount: 4975

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2023
Closed on
Dec 28, 2023
Sold by
M E B S Llc
Bought by
Bang-Knudsen Peter
Seller's Agent
Jennifer Saez
Realogics Sotheby's Int'l Rlty
Buyer's Agent
Daniel Moskin
Windermere RE Bainbridge
List Price
$550,000
Sold Price
$535,000
Premium/Discount to List
-$15,000
-2.73%
Views
42
Current Estimated Value
$641,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,882
Avg. Annual Appreciation
10.41%
Source: Public Records

Range of Values:

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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
Bang-Knudsen Peter $535,000 Pacific Northwest Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2023 12/29/23 Sold $535,000 -2.7% $521 / Sq Ft
12/19/2023 12/19/23 Pending -- -- --
12/15/2023 12/15/23 For Sale $550,000 -- $536 / 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
2026 $4,670 $562,000 $260,560 $301,440
2025 $4,670 $561,650 $260,560 $301,090
2024 $4,776 $603,090 $260,560 $342,530
2023 $4,975 $603,090 $260,560 $342,530
2022 $5,330 $554,110 $217,050 $337,060
2021 $5,226 $518,260 $203,230 $315,030
2020 $4,819 $489,580 $192,170 $297,410
2019 $2,166 $224,400 $143,780 $80,620
2018 $1,376 $0 $0 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2186092

Northwest Multiple Listing Service (NWMLS)

APN: 5644-000-034-00-01