Listed by Sound Counsel Realty, Bought with Bainbridge Homes Real Estate
$560,000
SOLD DEC 19, 2024

788 Madison Ave N Bainbridge Island, WA 98110

3 Beds
2 Baths
1,210 Sq Ft
$686/mo HOA Fee

Recently Sold

$463 Per Sq Ft

6% Below List Price

52 Days on Market

Highlights

  • Unit is on the top floor
  • Property is near public transit
  • Bamboo Flooring
  • Bainbridge High School Rated A
  • Territorial View
  • 1 Fireplace

About This Home

As of December 2024

Welcome to this updated, 3 bedroom, 2 bathroom, spacious 1210 square foot condo w/2 parking spots. Located in the heart of downtown Bainbridge Island, this sought after condo includes a new efficient mini-split ductless heat pump, custom mantle & bar top. Year round natural light floods the interior space through picture windows & welcomes you into this corner, top floor condo. Designer paint colors, cork floors and recent upgrades add to the inviting, contemporary interior. Open floor plan w/adjoining kitchen & living areas. Garden/territorial views from various vantage points. Primary bedroom suite w/large walk-in closet & spacious bathroom. 2 year old sunny, private, South facing deck is a peaceful sanctuary for entertaining or relaxing.

Last Agent to Sell the Property

Hilary Kelly

Sound Counsel Realty License #21436 Listed on: 09/26/2024

Co-Listed By

Adam Morrow

Sound Counsel Realty License #1145

Last Buyer's Agent

Teresa Duncan

Bainbridge Homes Real Estate License #23003428

Bainbridge Homes Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2291980

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,534

Year Built

  • Built in 1978

Lot Details

  • End Unit

HOA Fees

  • $686 Monthly HOA Fees

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,210 Sq Ft Home
  • 2-Story Property
  • Skylights
  • 1 Fireplace
  • Insulated Windows
  • Territorial Views

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Bamboo
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport
  • Uncovered Parking

Outdoor Features

  • Balcony
  • Patio

Location

  • Unit is on the top floor
  • Property is near public transit

Utilities

  • Ductless Heating Or Cooling System
  • Pellet Stove burns compressed wood to generate heat

Listing and Financial Details

Community Details

Overview

  • Association fees include common area maintenance, garbage, lawn service, sewer, water
  • 14 Units
  • Megan Henry Dumpert Association
  • Secondary HOA Phone (360) 698-4026
  • The Madison Condos
  • Winslow Subdivision
  • Park Phone (360) 698-4026 | Manager Reid Property Management

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,534

Year Built

Built in 1978

Lot Details

0

HOA Fees

$686 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 30 - Condo (1 Level)
  • Year Built: 1978
  • Buyer Agency Compensation: 3
  • Inclusions: Dishwasher(s),Dryer(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: The Madison
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1210
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 1
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,End Unit,Insulated Windows,Skylights,Top Floor,Walk-in Closet
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2291980?w=Consumer&agent=70550
  • Special Features: None
  • Cumulative Days on Market: 273

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Pellet Stove
  • Fireplace: Yes
  • Flooring: Bamboo/Cork, Vinyl, Carpet
  • Interior Amenities: Balcony/Deck/Patio, Bamboo/Cork, Fireplace, Wall to Wall Carpet, Washer
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Stories: 2
  • Bathrooms: 2
  • BathsFullMain: 2
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • FloorNumberOfUnit: 2
  • StorageNo: 788
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • StorageLocation: carport
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Structure Type: Multi Family
  • BusLineNearby: true
  • ViewFrom: See Remarks,Unit

Garage/Parking

  • Carport Y N: Yes
  • Parking Features: Carport, Uncovered
  • Total Parking Spaces: 2
  • ParkingSpaceNumbers: 788

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split
  • Heating Yn: Yes
  • ApplianceHookups: Washer

Condo/Co-op/Association

  • Park Manager Name: Reid Property Management
  • Park Manager Phone: 360-698-4026
  • Senior Community: No
  • Association Fee: 686
  • Association Fee Frequency: Monthly
  • Phone: 360-698-4026
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK, Subj to Restrictions
  • AssociationContactName: Megan Henry-Dumpert
  • CoOp: false

Fee Information

  • Association Fee Includes: Common Area Maintenance, Garbage, Lawn Service, Sewer, Water

Schools

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

Lot Info

  • Parcel Number: 80190027880006
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSSquareFootageSource: Public Records

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric, Pellet

Rental Info

  • RentalCap: Below Rental Cap (See Remarks)

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3534

Multi Family

  • Number Of Units In Community: 14
  • EnergySource: Electric,Pellet
  • UnitsInBuildingTotal: 8

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2024
Closed on
Dec 13, 2024
Sold by
Jaynes Heather
Bought by
Chinthakunta Santosh Kumar and Pannala Sony
Seller's Agent
Hilary Kelly
Sound Counsel Realty
Buyer's Agent
Teresa Duncan
Bainbridge Homes Real Estate
List Price
$595,000
Sold Price
$560,000
Premium/Discount to List
-$35,000
-5.88%
Views
51
Current Estimated Value
$571,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,238
Avg. Annual Appreciation
0.88%
Original Mortgage
$549,857
Outstanding Balance
$546,513
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$16,866

Purchase Details

Listed on
Jul 6, 2022
Closed on
Aug 15, 2022
Sold by
Yarbrough Nicola S
Bought by
Jaynes Heather
Seller's Agent
Julie Miller
Windermere RE Bainbridge
Buyer's Agent
Hilary Kelly
Sound Counsel Realty
List Price
$538,000
Sold Price
$538,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.74%
Original Mortgage
$484,200
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 1999
Sold by
Larsen Erik C and Larsen Ginger S
Bought by
Yarbrough Nicola S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.77%

Purchase Details

Closed on
Apr 28, 1995
Sold by
Brace Barbara
Bought by
Nelson Ginger S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
8.44%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $560,000 Chicago Title
Warranty Deed $560,000 Chicago Title
Warranty Deed -- Land Title
Warranty Deed $138,000 Pacific Nw Title
Warranty Deed $85,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $549,857 FHA
Closed $549,857 FHA
Previous Owner $484,200 New Conventional
Previous Owner $85,500 Unknown
Previous Owner $78,000 No Value Available
Previous Owner $63,750 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2024 12/19/24 Sold $560,000 -1.6% $463 / Sq Ft
11/17/2024 11/17/24 Pending -- -- --
10/19/2024 10/19/24 Price Changed $569,000 -4.4% $470 / Sq Ft
09/26/2024 09/26/24 For Sale $595,000 +10.6% $492 / Sq Ft
08/24/2022 08/24/22 Sold $538,000 0.0% $445 / Sq Ft
07/28/2022 07/28/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $538,000 -- $445 / 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 $3,515 $431,070 -- $431,070
2024 $3,534 $504,180 -- $504,180
2023 $4,083 $504,180 $0 $504,180
2022 $559 $387,830 $0 $387,830
2021 $572 $387,830 $0 $387,830
2020 $577 $369,360 $0 $369,360
2019 $587 $295,490 $0 $295,490
2018 $614 $223,850 $0 $223,850
2017 $633 $223,850 $0 $223,850
2016 $627 $190,660 $0 $190,660
2015 $640 $173,330 $0 $173,330
2014 -- $173,330 $0 $173,330
2013 -- $173,330 $0 $173,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2291980

Northwest Multiple Listing Service (NWMLS)

APN: 8019-002-788-00-06