Listed by Keller Williams Tacoma, Bought with Redfin
NOT LISTED FOR SALE

8 Madrona Dr NW Gig Harbor, WA 98335

Estimated Value: $964,000 - $1,430,000

3 Beds
2 Baths
1,830 Sq Ft
$641/Sq Ft Est. Value

Last Sold February 22, 2016

Last sale price $320,000 $175 Per Sq Ft

Est. 265% increase in value since last sale

Current estimated payment $7,020/month

202 Days on Market

Highlights

  • Waterfront Community
  • Views of a Sound
  • Fruit Trees
  • Voyager Elementary School Rated A-
  • Community Boat Launch
  • Deck

About This Home

As of February 2016

Short Sale. Fabulous view home w/incredible exposure. Multi-level decking make it easy to enjoy breathtaking 180 degree view of Puget Sound year round including Cutt's Island. Opportunity for some sweat equity here. Decks needs some attention with some additional deferred maintenance in other areas. Take advantage of the island's 2 community beaches, boat launch, dock, moorage, tennis courts & play areas. Enjoy large kitchen and dining area with two-sided fireplace shared with living-room. AS-IS

Last Agent to Sell the Property

Shannon Wulick

Keller Williams Tacoma Listed on: 05/01/2015

Co-Listed By

Joseph Sosky

Up Realty, Inc.

Last Buyer's Agent

Martin Handy

Redfin License #113383

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM780663

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,898

Year Built

  • Built in 1986

Lot Details

  • Brush Vegetation
  • Sloped Lot
  • Fruit Trees
  • Garden

Parking

  • Attached Garage

Home Design

  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 1 Fireplace
  • Views of a Sound

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Deck

Utilities

  • Septic System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4995100061

Community Details

Overview

  • Raft Island Community
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Boat Launch
  • Waterfront Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,898

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 15 - Multi Level
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1986
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, French Doors, Hot Tub/Spa, Loft, Skylights, Vaulted Ceilings
  • Floor Covering: Hardwood, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Range/Oven, Refrigerator
  • Approved Number of Bedrooms: 3
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 2.00
  • Total Full Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Master Bedroom: Upper
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1830
  • Square Footage Finished: 1830

Exterior Features

  • Exterior: Cement/Concrete
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Sound

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air, Heat Pump
  • Power Company: Peninsula Light
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Washington Water
  • Water Heater: Basement-Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 165
  • Community Name: Raft Island
  • Project: Kuhns Raft Island
  • Community Features: Boat Launch, Ccrs, Community Waterfront/Pvt Beach, Tennis Courts

Schools

  • Elementary School: Artondale Elem
  • Middle School: Kopachuck Mid
  • High School: Gig Harbor High
  • School District: PEN

Lot Info

  • Lot Details: Curbs, Paved Street
  • Lot Sq Ft: 15507
  • Lot Topography Vegetation: Brush, Fruit Trees, Garden Space, Partial Slope
  • Parcel Number: 4995100061
  • Zoning Jurisdiction: County
  • Lot Topography: Brush, Fruit Trees, Garden Space, Partial Slope

Tax Info

  • Tax Amount: 4363

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2015
Closed on
Feb 19, 2016
Sold by
Barber Bryan E and Barber Sheryl L
Bought by
Palmason Brent J and Palmason Suzanne B
Seller's Agent
Shannon Wulick
Keller Williams Tacoma
Buyer's Agent
Martin Handy
Redfin
List Price
$310,000
Sold Price
$320,000
Premium/Discount to List
$10,000
3.23%
Current Estimated Value
$1,167,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$847,194
Avg. Annual Appreciation
14.36%
Original Mortgage
$304,000
Outstanding Balance
$244,419
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$899,249

Purchase Details

Closed on
Apr 22, 2004
Sold by
Meader John S
Bought by
Barber Bryan E and Barber Sheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,500
Interest Rate
5.99%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 20, 2001
Sold by
Schafer Brad D
Bought by
Meader John S and Meader Michelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.63%

Purchase Details

Closed on
Nov 22, 2000
Sold by
Schafer Brad D
Bought by
Raft Island Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Palmason Brent J $319,719 Fidelity National Title
Barber Bryan E $327,000 Ticor Title Company
Meader John S $72,800 First American Title Ins Co
Raft Island Llc $243,830 Commonwealth Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmason Brent J $304,000
Previous Owner Barber Bryan E $323,700
Previous Owner Barber Bryan E $334,726
Previous Owner Barber Bryan E $63,500
Previous Owner Barber Bryan E $261,000
Previous Owner Meader John S $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2016 02/22/16 Sold $320,000 +3.2% $175 / Sq Ft
11/21/2015 11/21/15 Pending -- -- --
11/13/2015 11/13/15 For Sale $310,000 0.0% $169 / Sq Ft
11/13/2015 11/13/15 Price Changed $310,000 +5.1% $169 / Sq Ft
05/14/2015 05/14/15 Pending -- -- --
05/02/2015 05/02/15 For Sale $295,000 -- $161 / 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 $9,898 $1,062,100 $549,300 $512,800
2024 $9,898 $1,064,300 $549,300 $515,000
2023 $9,898 $1,043,000 $549,300 $493,700
2022 $7,675 $1,017,600 $549,300 $468,300
2021 $7,787 $709,400 $381,100 $328,300
2019 $6,743 $663,400 $337,600 $325,800
2018 $6,159 $628,400 $309,700 $318,700
2017 $4,005 $523,200 $230,500 $292,700
2016 $4,363 $377,600 $166,400 $211,200
2014 $3,769 $357,700 $166,400 $191,300
2013 $3,769 $325,300 $147,800 $177,500
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Shannon Wulick

    Keller Williams Tacoma

    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Joseph Sosky

    Up Realty, Inc.

    Section Image

  • M

    Buyer's Agent in 2016

    Martin Handy

    Redfin

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM780663

Northwest Multiple Listing Service (NWMLS)

APN: 499510-0061

Washington Pierce County Gig Harbor 98335

8 Madrona Dr NW, Gig Harbor, WA

This home is located at 8 Madrona Dr NW, Gig Harbor, WA 98335 since 01 May 2015 and is currently estimated at $1,172,937, approximately $640 per square foot. This property was built in 1986. 8 Madrona Dr NW is a home located in Pierce County with nearby schools including Voyager Elementary School, Kopachuck Middle School, and Gig Harbor 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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