Madison Park Real Estate Market Update 2015

Seattle’s Madison Park Real Estate Market In 2015

Madison Park RealtorsHave you been thinking about making a move to Madison Park?  Best known for the beautiful Arboretum it borders, Seattle’s Madison Park neighborhood also has a public beach on the shores of Lake Washington, views of Mercer Island and Bellevue facing east and some of the most beautiful luxury homes you’ve ever seen.

According to Realtor.com,  3,200 people live in Madison Park.  By comparison, in Ballard there are 36,500 people.  And believe it or not there are 7% less people who live in Madison Park today than this time last year.  The average person is about a 46 years old, but more folks in the 60 to 69 range actually live here.

What type of person enjoys living in Madison Park?  A person who likes boutiques, great food, and near waterfront living.  It’s dotted by local vendors such as Madison Park Hardware, Martha E. Harrison Flowers, The Original Children’s Shop, and what establishment wouldn’t be complete without an old fashion ice cream store (to eat while you walk towards the beach).

62 homes have sold so far this year ranging from $325,000 to $3,840,000.  So the average sold price is basically $1.2M resting at about $509.00 per square foot.  Gorgeous homes reside on street lined streets, there is one gated community named Broadmoor, and local schools for kids to walk to.  The proximity to downtown Seattle makes it attractive to people too.  Just cruise through Capital Hill and drop down the other side to be in Seattle’s financial district.

Madison Park Real Estate Market for 2015 is considered a neutral market:  Meaning there is 3 to 6 months of inventory (homes available).

Home For Sale in July 2015: 7 units.

Madison Park real estate market

Up 75% compared to the last month

Home Closed in July 2015: 2 units.

Down 50% compared to the last month

Home Placed under Contract in July 2015: 2 units.

Down 50% compared to the last month

Take a look at what has sold in the last 30 days for your  Seattle Real Estate Madison Park Market 30 Days market update.

The current inventory shows there are 4 condos and 7 single family homes for sale (including Broadmoor).  $399,000 will get you a one bed, one bath 813 square foot condo.  Top of the range is a $4,500,000 home with 4 beds, 4 baths and 7754 square feet of home cited on a 12,200 square foot lot.  For more Madison Park Real Estate listings, you can find them here:  Madison Park Homes For Sale Listed In the NWMLS now.

If you have any questions about Madison Park Real Estate, feel free to contact me.

Molly Cartwright
Seattle Realtor
206-841-6800 or molly@cooperjacobs.com

Just Listed in Maple Leaf!

Maple Leaf Homes For Sale:  Just Listed By Cooper Jacobs! (SOLD)maple leaf home for sale

Situated high above the street to capture the best views, take in Greenlake, the Seattle skyline and the Olympic Mountains. 3 bedrooms/1.5 baths with a finished non-comforming 4th bedroom/office in the basement, a perfect place to hide away for quiet. Modern kitchen with granite counters and stainless appliances. Full height ceilings in the basement. 1 car attached garage and fully fenced yard.  $629,950

More info:  502 NE 82nd St

Please email us for more info on this Maple Leaf home or others:

realestate@cooperjacobs.com

maple leaf home for sale

4209 Fremont Ave N Just Listed If You Would Like To Live In The Center Of The Universe…

The Center Of The Universe Just listed!  4209 Fremont Ave N

4209 Palatine Ave N

Are you looking for a home in The Center Of The Universe? Fremont homes for sale are in high demand and this is a fabulous place!!!  $650,000  (SOLD with multiple offers)

From the listing for this Fremont home for sale in the MLS:

fremont homes for saleMarketing Remarks

Perched high above the street w/ an expansive sunny lot, just move in and be right at home in this updated and thoroughly remodeled Fremont Craftsman. Currently configured as a spacious two bedroom with a bonus room and deluxe living room, there is ample space to expand back to the original 4 bedrooms if desired. Open and updated floor plan and grounds are like no other w/ incredible outdoor spaces, a REAL oversized garage, extra parking, patios, gardens, more!

Features

Double Pane Storm Windows, Dining Room

Additional Informationfremont homes for sale

  • Property DescriptionCable TV, Deck, Partially Fenced, High Speed Internet, Outbuildings, Patio, RV Parking
  • Taxes$5,472
  • ViewTerritorial
  • Lot Size0.15 Acre (6,600 SqFt)
  • Garage Size1 Car
  • ExteriorWood
  • Heating/CoolingForced Air
  • RoofComposition Roof
  • Flooring Ceramic Tile Floor, Hardwood Floor, Wall to Wall Carpet

Features

Double Pane Storm Windows, Dining Room

seattle realtorsContact for more info:

Molly Cartwright  206-841-6800  molly@cooperjacobs.com

Listed by Courtney Cooper and Molly Cartwright, Cooper Jacobs Real Estate – Fremont Realtors

Seattle Houseboats Market Update

Seattle Houseboats Market Update April 2015:

Actives: There are five Seattle houseboats for sale in the “floating homes” category currently. List prices of these active Seattle houseboats range from $510,000 to $1,750,000.  There are Eastlake floating homes, Portage Bay floating homes, and a gorgeous Westlake floating home on the 2420 Westlake dock that we put on last week.

Here is some more on that one since we obviously feel it is the best of the Seattle houseboats on the market right now:

2420 Westlake Ave N   (SOLD)Seattle houseboats

  • 2 bedrooms
  • 1.5 baths
  • amazing rooftop deck
  • ownership in income generating private marina
  • built in 1929, but 2008 remodel is more accurate of its presentation
  • 1065 square feet
  • $500/month dues
  • float size is 42 feet by 24 feet
  • annual taxes are only $1831
  • next dock over from the Sleepless in Seattle houseboat
  • $985,000

Pending Seattle houseboats: Currently there are four Seattle floating homes that are pending in the MLS.  In addition to these Seattle floating homes there is a house barge which is also pending inspection.  List price of these pending Seattle houseboats is $695,000 to $1,690,000.  One of them is on a leased dock, one is on a fee simple dock and two are on co-op docks.

In addition to these pending Seattle houseboats, there are two more which we have helped facilitate and  which are pending in Eastlake – priced at $575,000 and $920,000.

SOLD! Seattle floating homes sold in the last 30 days – Just one has closed according to the MLS.  2351 Fairview Ave E #K  was listed for $1,050,000 and sold for $1,000,000.  It has a garage and is on a condominium dock so the dues are lower and the taxes are higher.

Before I go on, let me clarify what a Seattle houseboat is since there is a lot of bad information out there:

In short, “Seattle Houseboats” is the general umbrella overall term which encompasses ALL of the following:

  1. Seattle floating homes – no motor and more permanently connected to sewer, electric, docks, etc.
  2. Vessel Seattle houseboats – navigable and move of their own propulsion but also act as livaboards.
  3. Seattle House Barges – not self propelled, city has grandfathered a number of them in, some hooked up to utilities.

A little about Seattle houseboats from Wikipedia:

Seattle is home to a relatively large collection of houseboats (capable of moving under their own power) or “floating homes” (houses built on floats) neighborhoods, particularly in Lake Union and Portage Bay. The earliest houseboats in Seattle were recorded in 1905, and peaked with over 2,000 houseboats in the 1930s. There are currently approximately 500 houseboats in Seattle. Most houseboats are designed and built for inland lakes and waterways only.

*Molly Cartwright and I are Seattle houseboats REALTORS not just real estate agents who sell Seattle houseboats.  As actual paying members of the National Association of Realtors, we are able to able to ethically sell homes.  Realtors abide by a strong code of ethics which non-Realtors are not required to.  Make sure that when you are buying Seattle houseboat that your broker is also an actual Realtor – not just a real estate agent. It makes a difference in how they are perceived by industry professionals and you want someone representing you who has a good reputation and who you know will act honestly and ethically in a transaction.

If you are purchasing a vessel type Seattle houseboat then make sure that you are using a licensed vessel broker not just a real estate agent.  Vessels are indeed boats so proper licensing should be in place to sell them.  Molly and I also have our vessel license through our SeattleAfloat.com Seattle houseboats division. You have a choice when it comes to who represents you.

More pictures of our gorgeous Westlake floating home listing:

Please call or text Molly if you would like more info or a private showing: 206-841-6800

Westlake, $985,000 - Image 14


 

Sunset Hill Homes For Sale: Just Listed

Ballard’s Sunset Hill Neighborhood Offers A Perfect Answer sunset hill homes for sale

Just Listed in Sunset Hill:  3440 NW 62nd St  (SOLD)

  • Just listed!sunset hill homes for sale
  • 4 bedrooms
  • 2.25 Baths
  • 2440 Sq Feet
  • Lot Size: .12 Acre
  • 1 car Garage
  • Fireplace
  • 2nd Kitchen
  • Sauna
  • MLS# 763738

This Sunset Hill home features Puget Sound views, sunset hill homes for salemany original details & plenty of charm. Main level has oak hardwoods, view deck, gas fireplace & lots of light. Upstairs level has 2 bedrooms with expansive view of Puget Sound & mountains to the west.sunset hill homes

The basement is well laid out with actual ADU potential, a separate entrance, spa like bath, sauna & cozy bedroom. Recent updates include roof, gas furnace & water heater. Large yard with shed, garden area, alley access & more parking. Attached 1 car garage. A wonderful home.

$649,900

For more information on 3440 NW 62nd St in Seattle, please email our Sunset Hill Realtors. 

SunsetHill@CooperJacobs.com

Are you interested in Sunset Hill homes for sale or other Ballard Real Estate?  We have great Sunset Hill Realtors who know Sunset Hill and know Ballard.

Seattle Houseboats Agents: How Did This One Move With No Motor & Why Is It So Special?

Seattle houseboats are a big part of what Molly Cartwright and I do at Cooper Jacobs Real Estate. Lake Union is a large part of our lives and we really care about the well being of the community we serve.  I know, for instance, that right at this moment Molly is personally working tirelessly over at a Portage Bay floating home  in order to get it ready for the houseboats market tomorrow. She wants the property to shine in its best light and knows that without her special agent touches it won’t be everything that it could be.  Molly does not stop until it the property is perfect because she is a perfectionist and a specialist for all Seattle houseboats realty and all Seattle homes for that matter – big or small. We are excited about this latest listing in the Seattle houseboats world because right now there are only TWO floating homes in the MLS that are under a million dollars.

Seattle houseboats for sale

Under a million dollars is big in the world of affordability and Seattle houseboats.

Currently, as I said above, there are two Seattle floating homes for sale for under $1M.  They are under $600k in fact. Molly and I are (of course) partial to one of them in particular.  We favor this gorgeous houseboat for a number of reasons besides that it is our listing.

2017 Fairview Ave E, Slip O

Let’s back up a minute to how this Seattle floating home came to be on what I consider to be the best location in Lake Union – the most southern dock in one of the oldest and well run co-ops on the lake… Even the Seattle houseboats which are considered floating homes have moved around a number of times over the last one hundred plus years. They don’t have motors and are generally “permanently” moored to their dock, but from time to time they have moved.  This one as I recall got towed in from Portage Bay years ago and lovingly restored by the king of floating home improvements himself, Sid McFarland.  The dock itself – The Log Foundation owned it while Sid worked on it and they were responsible for the logistical details of bringing it to the dock to replace a derelict houseboat which has fallen to their ownership after the owner passed away.  The houseboats on the dock that were further out then this one were all brought out to the lake and rafted together while this beauty was brought in and secured and then one by one the others were towed in and hooked up as well. It took the entire day and what a feat to make it happen in just one day! (I have pictures if you want to see them in a post from 2010: Can you move a floating home?)Seattle houseboats realty:  they all are unique!

So this special houseboat came to be in the perfect little spot by way of many details, but after it was restored, the current owner purchased it and put her own flair on it.  You can see from the older lake union blog pictures that it has come a long way and is now an artistic oasis.   This is one of the things Molly and I love about Seattle houseboats and floating homes in particular – each owner over the years make it theirs and no two are alike. Ever. This one is called Annie “O” lovingly by its current owner who would never leave except that her family has now grown and she needs something a tiny bit bigger. There are possibilities for tying up boats here, dogs and cats are ok, it has really great channel views, and is pretty much the ultimate in Seattle waterfront living at a non Seattle waterfront real estate price. Annie O has two bedrooms and a beautiful wrap around deck and the slip that this Seattle houseboat is moored in is OWNED moorage.  The Log Foundation is a cooperative dock – meaning that the owners OWN the actual submerged parcel of land in the lake. Dues and taxes are low and it truly is affordable and simple living that somehow also feels like a huge luxury.  They are asking an unheard of low price of $599,000 and Molly or I would love to tell you more about it if you are interested.

Molly may be covered in dust up to her elbows and nose today, but call her and see if she can show you Annie O.  If you want her to be your buyer’s agent  for it, then she can help you with your closing costs as well. It’s a win win.  Call/Text 206-841-6800

Seattle Real Estate: Interest Rates, Affordability, And What’s Next

Looking At Seattle Homes For Sale, Interest rates, and Affordability – Should You Buy Now?  Or Wait?

The fact is that interest rates on 30-year, 20-year and 15-year fixed rate mortgages are some of the lowest in history.  We don’t know how they will increase over the next two years.

In discussions with friends about their plans to purchase a home I often hear them say that they would like to purchase in a year or two.  This is great news for everyone.  However, I usually try to educate them on the current advantages of low mortgage interest rates. – Cooper Jacobs Real Estate

Taking advantage of a 4% or lower loan rate can save prospective homebuyers thousands, if not over $100,000 in the amount of interest paid on the life of a loan.[1] Currently, interest rates on a 30-year fixed loan are setting at 4.02%.  That is the lowest since June 2013.[2] With the economy on track for a solid 3.5% annual growth and inflation rising, investors are beginning to dump bonds for stocks.[3] This, in turn forces financial institutions to raise the interest rates on loan products to keep a profit.

Seattle homes

The economy is no doubt on an upward trajectory.  Baring another economic disaster, the economy will continually improve and force interest rates up.  Can we predict whether interest rates will be significantly higher in 2016?  The answer is no.  However, we can say with confidence that they will be higher and when it comes to your money every dollar matters.

Current homeowners are taking advantage of these low interest rates by refinancing.  They understand the significant savings to be had by leaving their 30-year fixed rate mortgage for a new 20-year or 15-year fixed loan instead.  In fact, 44% of people who refinanced in the third quarter “ditched their existing 30-year fixed rate loan in favor of a shorter-termed 15-year or 20-year loan.  It’s the second quickest exodus from the 30-year fixed rate mortgage in recorded history…”[4]

So, instead of putting off the home buying process for another year or more, people should begin to get their feet wet.

  • Build a relationship with a local Seattle Realtor
  • Ask your Realtor for their trusted resources such as a referral for a lender.
  • Find out what kind of loan options you can qualify for and what is available.

By taking advantage of these resources you can be prepared to pull the trigger when you find a home that you love.  It should also be noted that using a Realtor that is from your neighborhood is a service that will cost you, as a potential home buyer, nothing out of pocket.  So, let a professional help you do the searching and narrow down the choices for you.  In the end, it is all about making things smooth and easy while saving money.


[1] Lisa Ward, “The Steep Cost of Not Refinancing,” The Wall Street Journal, November 9, 2014.

[2] Average 30 Year Fixed Mortgage rates, http://www.mortgagenewsdaily.com/data/30-year-mortgage-rates.aspx

[3] The Detroit News, “U.S. 30-Year Mortgage Rate up to 4.02%,” http://www.detroitnews.com/story/business/personal-finance/2014/11/10/mortgage-rates-rise/18779027/

[4] Dan Green, Today’s Low Mortgage Rates Push Borrowers Away From 30- Year Loans, http://themortgagereports.com/16858/freddie-mac-refinance-report-transition-15-year-30-year-mortgage-loan

Cooper Jacobs Real Estate  realestate@cooperjacobs.com

 

 

Seattle Houseboats: 2014 Floating Homes Show Was A Hit!

Seattle Houseboats Brokers

Thank you to all the amazing volunteers who showed up in full force to make the 2014 Seattle Floating Homes Tour a success!

floating homes tour poster

Cooper Jacobs Brokers were on site to volunteer as well!

Thank you to all the members of Cooper Jacobs Real Estate.  This tour is a way for our office to give back to a phenomenal community! The Seattle floating homes neighborhood is very near and dear to our hearts and all proceeds of this tour go to the Floating Homes Association.

floating homes tour map

There were twelve Seattle floating homes on the tour this year in both Eastlake and Westlake.  We had 6 electric boats going back and forth across Lake Union as well as buses for ticket holders to go back and forth.

The theme this year was Wonderful Water Colors and co-chair Sue Jostrom was responsible for the beautiful pieces of art in the ticket/brochure. Courtney and Molly coordinated roughly 100 volunteers over two different shifts.  Jann , Melissa, and LeAnne were at Will Call passing out tickets to the purchasers of the sold out tour.  There were 1200 tickets sold this year and it was a success all the way around.

seattle realtors

Thanks to Brian Olsen and Jim Dougherty for being two of the twelve Captains crossing Lake Union on what was a very busy day on the lake! Thanks to Rick and Joyce Miner for providing the signage for us and thank you to Tricia Rendina and Joyce Black for being co-chairs and organizing sponsors, etc. This was a huge collaborative effort which goes back many months.

Additional reading if you are interested in this lifestyle or other Seattle neighborhoods:

Blog with lots of info about Seattle Houseboats

Seattle Floating Homes for sale

Seattle waterfront homes

Seattle neighborhoods

Greenwood Townhome For Sale

Welcome home to Greenwood:

10222 1st Ave NW #C (SOLD)

greenwood homes

Great in-city townhouse has it all!

Light & spacious day rooms, open floor plan. Cook’s kitchen w/gas range, stainless appliances, granite counters & rich cabinetry. It opens to light filled living & dining room w/hardwood floors & gas fireplace. End unit for added light on all levels. 2 bedrooms, 2 baths plus utility closet up. Vaulted ceilings & walk-in closet too! Entry level has secure access from garage, covered entry, tile floor, closet & 3rd bdrm + 3rd full bath for a thoughtful design.

greenwood homes for sale

$395,000

Close to Carkeek Park, too…..

Features…

Bath Off Master, Double Pane Storm Windows, Dining Room, High Tech Cabling, Vaulted Ceilings, Walk-in Closet

  • 3 Bedrooms
  • 3.5 Baths
  • 1530 Square Feet
  • Built 2007

SEattle townhomes

More info:

This Greenwood home is listed by Seattle Realtors at Cooper Jacobs Real Estate

Additional Seattle Real Estate Information:

10222 1st Ave NW #C, Seattle, WA

Greenwood homes for sale

Seattle Townhomes

Beautiful East Pointe Cul-De-Sac Home JUST LISTED

seattle suburbs homes

23904 118th Place SE, Kent, WA 98031

seattle suburbs homesOverlooking a greenbelt in the beautifully kept East Pointe community, this newer home impresses with its grace & functionality. Inside find 9’ceilings, upgraded stainless appliances, granite counters & island, hardwood in chef’s kitchen, CAT5e cabling, in-wall Polk speakers, HD projector, 100″ motorized ceiling-mounted screen, efficient hybrid heating system w/AC, gas-plumbed BBQ, satellite dish, & more. The street scape will impress you with stacked stone accents, craftsman style architecture.   seattle suburbs homes

Features of this spectacular home:

  • 3 Bedrooms
  • 2.5 Baths
  • 2370 square feet
  • Built in 2006, but looks better than new
  • Bath Off Master
  • Double Pane Storm Windows
  • High Tech Cabling
  • Vaulted Ceilings
  • Cul-De-Sac
  • High end finishes

More info:  23904 118th PL SE, Kent, WA 98031

$374,900

*SOLD*