NOT LISTED FOR SALE

525 Lake Washington Blvd Seattle, WA 98122

Madrona Neighborhood

Estimated Value: $788,000 - $1,807,000

4 Beds
2.5 Baths
2,780 Sq Ft
$405/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $750,000 $270 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,639/month

8 Days on Market

Highlights

  • Lake View
  • Deck
  • No HOA
  • Garfield High School Rated A
  • Corner Lot
  • 1-minute walk to Madrona View Point

About This Home

As of March 2023

Ideally located just steps to Lake Washington and blocks from all of Leschi's boutique shops and restaurants, this rehab or tear down project has endless possibilities. Building permit (2780sf) for a major rehab is fully completed, and ready to do the rehab. New construction permit for a stunning prefab home with ADU + detached garage and epic Lake, Cascades, Mount Rainier and Bellevue skyline views are 90%+ completed. Utilize the current plans and start major remodel, or continue the building permit, or rework the design under the permits for your own dream home. A one-of-a-kind opportunity! Attached please find both designs. Images are renderings and Remodel Plan and Permit included in the Sale Price.

Last Agent to Sell the Property

Lia Huang

Globenex Realty License #124423 Listed on: 01/07/2023

Last Buyer's Agent

Lia Huang

Globenex Realty License #124423 Listed on: 01/07/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2024726

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,630

Year Built

  • Built in 1941

Lot Details

  • 5,639 Sq Ft Lot
  • East Facing Home
  • Corner Lot
  • Sloped Lot

Parking

  • Off-Street Parking

Property Views

  • Lake
  • City
  • Mountain

Home Design

  • Fixer Upper
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,780 Sq Ft Home
  • Multi-Level Property
  • Partially Finished Basement

Bedrooms and Bathrooms

Additional Features

  • Deck
  • Water Heater

Community Details

  • No Home Owners Association
  • Leschi Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9829200130

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,630

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 15 - Multi Level
  • Year Built: 1941
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 2780
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Basement: Partially Finished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Lower
  • Fireplace: No
  • Interior Amenities: Forced Air, Water Heater
  • Living Area: 2780
  • Main Level Bedrooms: 3
  • Bathrooms: 2.5
  • BathsFullMain: 2
  • SquareFootageFinished: 2780
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 1
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 1

Exterior Features

  • Roof: Composition
  • View: City, Lake, Mountain(s)
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Direction Faces: East
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fixer
  • Structure Type: House

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: City of Seattle
  • SewerCompany: City of Seattle
  • WaterCompany: City of Seattle
  • WaterHeaterLocation: lower level
  • WaterHeaterType: gas

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Seattle
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 9829200130
  • Topography: PartialSlope,Sloped
  • Land Lease: No
  • Lot Size Acres: 0.1295
  • Lot Size Sq Ft: 5639
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Building permit
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5630

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2023
Closed on
Mar 10, 2023
Sold by
Golden Cloud Property Investment Llc
Bought by
6H Universal Llc
Seller's Agent
Lia Huang
Globenex Realty
Buyer's Agent
Lia Huang
Globenex Realty
List Price
$699,800
Sold Price
$750,000
Premium/Discount to List
$50,200
7.17%
Views
98
Current Estimated Value
$1,126,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,589
Avg. Annual Appreciation
18.60%
Original Mortgage
$570,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 26, 2019
Closed on
Jun 29, 2020
Sold by
Henderson Brian D and Lucas Luke
Bought by
Golden Cloud Property Investment Llc
Seller's Agent
Max Wurzburg
Windermere Real Estate Midtown
Buyer's Agent
Lia Huang
Globenex Realty
List Price
$869,000
Sold Price
$795,000
Premium/Discount to List
-$74,000
-8.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.13%

Purchase Details

Closed on
Dec 21, 2016
Sold by
Clark Kyle and Clark Carli
Bought by
Henderson Brian D and Lucas Luke

Purchase Details

Closed on
Dec 1, 2016
Sold by
Jones Carli and Clark Carli
Bought by
Clark Kyle

Purchase Details

Closed on
Sep 30, 2003
Sold by
Clark Alan and Clark Lynne
Bought by
Clark Kyle K and Clark Carli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
3.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 1998
Sold by
Davis Ronald E
Bought by
Clark Alan and Clark Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.93%
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
6H Universal Llc $750,000 Old Republic Title
Golden Cloud Property Investment Llc $795,000 First American
Henderson Brian D $676,000 None Available
Clark Kyle -- Accommodation
Clark Kyle K $475,000 First American
Clark Alan $300,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 6H Universal Llc $570,000
Previous Owner Clark Kyle K $219,750
Previous Owner Clark Kyle K $122,450
Previous Owner Clark Kyle K $356,000
Previous Owner Clark Alan $225,000
Closed Clark Alan $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $750,000 +7.2% $270 / Sq Ft
01/15/2023 01/15/23 Pending -- -- --
01/07/2023 01/07/23 For Sale $699,800 -12.0% $252 / Sq Ft
06/30/2020 06/30/20 Sold $795,000 -1.9% $321 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
03/24/2020 03/24/20 Price Changed $810,000 -4.6% $327 / Sq Ft
01/17/2020 01/17/20 Price Changed $849,000 -2.3% $342 / Sq Ft
09/26/2019 09/26/19 For Sale $869,000 -- $350 / 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 $7,643 $746,000 $745,000 $1,000
2023 $6,339 $696,000 $695,000 $1,000
2022 $5,630 $696,000 $695,000 $1,000
2021 $6,949 $564,000 $563,000 $1,000
2020 $7,239 $680,000 $649,000 $31,000
2018 $6,432 $696,000 $664,000 $32,000
2017 $5,504 $621,000 $589,000 $32,000
2016 $5,335 $547,000 $515,000 $32,000
2015 $5,696 $520,000 $488,000 $32,000
2014 -- $575,000 $403,000 $172,000
2013 -- $508,000 $372,000 $136,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2024726

Northwest Multiple Listing Service (NWMLS)

APN: 982920-0130