NOT LISTED FOR SALE

8038 NE Hidden Cove Rd Bainbridge Island, WA 98110

Estimated Value: $2,497,586 - $3,369,000

2 Beds
4 Baths
3,827 Sq Ft
$777/Sq Ft Est. Value

Last Sold December 18, 2015

Last sale price $1,235,000 $323 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $18,146/month

214 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Views of a Sound
  • Secluded Lot
  • Bainbridge High School Rated A
  • Docks
  • Wooded Lot

About This Home

As of December 2015

210 ft Western exposure low bank waterfront. Gorgeous newer dock & boat house on 1.3 acres. Two parcels & two homes sold as one. Remodel or build your dream home! Main home has 4 beds, 3.5 baths and newly remodeled kitchen & hardwood floors, 3 fireplaces and vaulted ceilings. An additional cabin/beach house is on the adjoining parcel right on the water....all included! Deep water dock is accessed by well built and easy to navigate stairs. Dock has it's own newer boat house.

Last Listed By

Julie Meyers

Bainbridge Homes Real Estate License #24374 Listed on: 02/12/2015

Bainbridge Homes Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM734011

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,064

Year Built

  • Built in 1970

Lot Details

  • Low Bank Waterfront Property
  • Property Fronts a Bay or Harbor
  • Open Space
  • Brush Vegetation
  • Secluded Lot
  • Level Lot
  • Wooded Lot
  • Garden
  • Value in Land

Property Views

  • Views of a Sound
  • Bay Views

Home Design

  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Kitchen

  • Oven or Range
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring
  • Vinyl

Finished Basement

  • Natural lighting in basement

Parking

  • Attached Carport
  • Off-Street Parking

Outdoor Features

  • Tideland Water Rights
  • Bulkhead
  • Docks

Utilities

  • Well
  • Septic System

Community Details

  • Port Madison Community

Listing and Financial Details

  • Assessor Parcel Number 34260230652000

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,064

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Building Information: Additional Dwelling, Built On Lot
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Floor Covering: Hardwood, Slate, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Garbage Disposal, Range/Oven, Refrigerator, Trash Compactor
  • Approved Number of Bedrooms: 2
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 3.50
  • Total Full Bathrooms: 3
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Basement: Daylight, Fully Finished
  • Dining Room: Main
  • Family Room: Lower
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 4054
  • Square Footage Finished: 3827

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete, Slab
  • Roof: Composition
  • View: Bay, Sound
  • Waterfront: Bank-Low, Bay, Bulkhead, Sound, Tideland Rights
  • Waterfront Frontage: 210

Garage/Parking

  • Parking Type: Carport-Attached, Off Street
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Baseboard, Forced Air, Heat Pump
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Sewer Company: septic
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Port Madison

Schools

  • High School: Bainbridge Isl
  • School District: BIS

Lot Info

  • Lot Details: Open Space, Paved Street, Secluded, Value In Land
  • Lot Sq Ft: 56628
  • Lot Topography Vegetation: Brush, Garden Space, Level, Partial Slope, Wooded
  • Parcel Number: 34260230652000
  • Zoning Code: residential
  • Zoning Jurisdiction: City
  • Lot Topography: Brush, Garden Space, Level, Partial Slope, Wooded

Tax Info

  • Tax Amount: 14000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2015
Closed on
Dec 10, 2015
Sold by
Hemingway Charles E and Hemingway Stacy D
Bought by
Macfarlane Duncan C and Macfarlane Giselle L
Seller's Agent
Julie Meyers
Bainbridge Homes Real Estate
Buyer's Agent
Craig Clark
Johansson Clark Real Estate
List Price
$1,650,000
Sold Price
$1,235,000
Premium/Discount to List
-$415,000
-25.15%
Total Days on Market
214
Current Estimated Value
$2,972,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,737,862
Avg. Annual Appreciation
10.99%
Original Mortgage
$250,000
Interest Rate
3.97%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 13, 2008
Sold by
Ballard Clinton L and Ballard Diana T
Bought by
Hemingway Charles E and Hemingway Stacy D

Purchase Details

Closed on
Jun 16, 2004
Sold by
Carstensen Bob S and Carstensen Eleanor B
Bought by
Ballard Clinton L and Ballard Diana T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$976,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

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
Macfarlane Duncan C $1,235,000 Land Title Co Silverdale
Hemingway Charles E $1,550,280 Stewart Title
Ballard Clinton L $1,220,000 Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macfarlane Duncan C $400,000
Closed Macfarlane Duncan C $250,000
Previous Owner Ballard Clinton L $1,252,000
Previous Owner Ballard Clinton L $976,000
Closed Ballard Clinton L $122,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2015 12/18/15 Sold $1,235,000 -25.2% $323 / Sq Ft
09/15/2015 09/15/15 Pending -- -- --
02/12/2015 02/12/15 For Sale $1,650,000 -- $431 / 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 $18,064 $2,262,190 $1,013,090 $1,249,100
2024 $17,260 $2,262,190 $1,013,090 $1,249,100
2023 $18,033 $2,262,190 $1,013,090 $1,249,100
2022 $16,215 $1,731,160 $884,640 $846,520
2021 $15,801 $1,608,160 $821,450 $786,710
2020 $15,282 $1,533,320 $781,240 $752,080
2019 $13,387 $1,368,450 $695,070 $673,380
2018 $13,645 $1,134,500 $574,440 $560,060
2017 $11,703 $1,134,500 $574,440 $560,060
2016 $11,578 $1,065,260 $619,750 $445,510
2015 $11,341 $1,065,260 $619,750 $445,510
2014 -- $943,320 $546,580 $396,740
2013 -- $943,320 $546,580 $396,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM734011

Northwest Multiple Listing Service (NWMLS)

APN: 342602-3-065-2000