3016 21st Ave W in Magnolia SOLD

Magnolia Sold!

Seattle’s Magnolia neighborhood has some wonderful opportunities and we are please to announce our most recent sale.

Some of the stats on this Magnolia home for sale which closed in escrow this week:

  1. 3 bedroom
  2. 1 bath
  3. built in 1900
  4. 1500 square feet

If you are interested in buying or selling a property like 3016 21st Ave W, or would like more information on the sale of this listed Magnolia property, please let us know:  realestate@cooperjacobs.com

Sold by Cooper Jacobs Real Estate

Magnolia’s Discovery Park

Magnolia waterfront seattle

A break in the rain is the perfect reason to go walk Discovery Park. If you are feeling really

excited about it, head down to the beach. This is the ultimate in Magnolia waterfront

property and it’s free for everyone to visit. Discovery Park offers many resources for Seattle,

Washington residents and another great amenity for Magnolia buyers to consider when

looking at pluses and minuses in moving to Seattle’s Magnolia neighborhood.

Here are the current listings.

Let Cooper Jacobs know if you want to see more of the fabulous Magnolia

homes for sale.

Magnolia Luxury Home Market Update

Magnolia $1.5 Million And Up Real Estate Market:
What’s happening out there in the upper end of the Magnolia real estate market?

Currently, there are 15 Magnolia homes for sale in the Magnolia luxury market.

These Magnolia estates range in price from $1,575,000 to $4,850,000 and include a certain ex Seattle Mariner Mansion. The median price is $1,730,000 with an average days on market of 165 days. The average square feet of these Magnolia Luxury Homes? 4,549 with a high of 7100 on one of the Magnolia luxury estates for sale.

Currently, there is only 1 Magnolia home for sale that is Pending in the $1.5M and up range. The days on market for it are 149 days and it’s last list price in the NWMLS was $1,585,000 after being reduced from its original listing price of $1,687,000.

Since January 1st 2011, 10 Magnolia luxury homes have sold in the MLS. These ranged from $1,630,000 to $4,700,000 with a median price of $1,922,500. Of these, 4 have closed in 2012. The average sales price to list price ratio on them is 91.19%. None sold for over list, but all except one were well into the 90% and up range of list price. Here are the Magnolia luxury properties that have sold in 2011 and 2012 so far:

  • 2807 W Viewmont Wy W: 6 Bedroom Magnolia home, 3.25 baths on 0.294 of an acre built in 1928. Closed on 03/13/12with Original list price in MLS: $1,950,000, final list price: $1,697,000, SOLD for:$1,630,000 (96.05% of sales price to list price)
  • 3805 W Parkmont Place: 4 BR, 4.50 BTH, 4,440 SQ FT, 0.115 ACRE LOT, Built in 1999, Closed on 04/18/11. Original list price of $3,695,000, final list price of $1,800,000 and sales price of $1,700,000 (94.44% of sales price to list price)
  • 4517 W Dravus St: 5 BR 4.00 BATH 4,400 SQ FT Built in 1962 closed on 06/28/11. $Original list price: $2,390,000, final list price: $1,998,000, final sales price: $1,800,000 (90.09% of sales price to list price)
  • 2336 Magnolia Blvd W: 3 BR 2.50 Bath 3,500 Square feet, 0.126 acre lot size and built in 1926. This Magnolia home sold on 06/28/11 with original list price in MLS of $2,600,000, final list price of $1,999,500 and final sales price of $1,835,000 (91.77% of sales price to list price)
  • 3057 Perkins Lane W: 4 BR 2.25 Bath 2,400 Square feet 0.394 acre lot size and built in 1960. This Magnolia home sold on 04/29/11 with original list price in MLS of $2,000,000, final list price of $2,000,000 and final sales price of $1,950,000 (97.50% of sales price to list price)
  • 2720 W Galer St : 7 BR 5.75 Bath 9,847 Square feet 0.263 acre lot size and built in 1909. This Magnolia home sold on 04/23/12 with original list price in MLS of $2,195,000, final list price of $2,195,000 and final sales price of $1,895,000 (86.33% of sales price to list price)
  • 2480 Crestmont Place W: 5 BR 4.75 Bath 5,700 Square feet 0.130 acre lot size and built in 2007. This Magnolia home sold on 12/22/11 with original list price in MLS of $3,300,000, final list price of $2,900,000 and final sales price of $2,105,000 (72.59% of sales price to list price)
  • 2823 W Galer St: 4 BR 5.25 Bath 5,330 Square feet 0.227 acre lot size and built in 2009. This Magnolia home sold on 02/29/12 with original list price in MLS of $2,985,000, final list price of $2,985,000 and final sales price of $2,900,000 (97.15% of sales price to list price)
  • 2929 W Eaton St : 6 BR 4.00 Bath 7,260 Square feet 0.201 acre lot size and built in 1936. This Magnolia home sold on 11/18/11 with original list price in MLS of $3,999,000, final list price of $2,999,000 and final sales price of $2,700,000 (90.03% of sales price to list price)
  • 3025 Magnolia Blvd W: 4 BR 5.25 Bath 11,280 Square feet 2.110 acre lot size and built in 1940. This Magnolia home sold on 02/13/12 with original list price in MLS of $4,900,000 , final list price of $4,900,000 and final sales price of $4,700,000 (95.92% of sales price to list price)

Overall look at Magnolia luxury markets and Magnolia historical estates markets: Funding for these types of homes has opened up to the point that affordability has broadened making Magnolia luxury homes and Magnolia historic Mansions more desirable than they have been even in the past if that is possible.

Many Magnolia home owners are not aware that there is a wider pool of qualified luxury Magnolia home buyers and as a result inventory is still lacking. If you have been thinking about getting your Magnolia historical estate, Magnolia estate, or Magnolia luxury home on the market, then please let us know. We have inquiries weekly both from local Seattle home buyers and home buyers interested in relocating to Magnolia in Seattle. In addition,Cooper Jacobs Real Estate has a high profile Internationally on the Internet and is able to gain our clients greater exposure for you online through various avenues. Our marketing is innovative and different. In addition to all the traditional methods of marketing used by all Magnolia Realtors, Cooper Jacobs will surprise you and often our competitors with a very fresh approach. You can get in touch with us here: realestate@cooperjacobs.com Thank you in advance! ~Courtney

Magnolia View Homes Tour

We toured all the latest in Seattle’s Magnolia neighborhood as well as some other Magnolia homes we have just been too busy to get into before today and the inventory is pretty interesting on both the A Hill and the B Hill.

Magnolia View Homes In Decent Price Ranges…

Just looking at the mid $600k range to mid $800k range in Magnolia can give you choices with lots of big Puget Sound views. In fact in the low and mid $700k range, there are IMPRESSIVE Magnolia view homes for sale.

My favorite Magnolia home on the market right now is in the high $700k range, but has this fabulous 2 car garage off the alley which is modern but was built perfectly to go with the house.  The house itself is loaded with all the spaces I personally look for in a home and a great option for Magnolia buyers. Homes in Magnolia do tend to sell faster than Seattle real estate overall right now. This is not always the case, but overall Magnolia tends to be a stronger market force.

Magnolia real estate market update: We just sent out a postcard to about 1300 Magnolia homeowners to let them know about our latest Magnolia homes sale – 3 weeks on the market with multiple offers and sold for over list which happened to also be about $50k higher than any other Magnolia real estate agents told the seller their home was worth.  We go the extra mile for YOU and really take the time to evaluate the market value of your home so that you are not leaving money on the table.

Magnolia View Homes In Seattle

Magnolia View Homes Have Some Of Seattle’s Best Views!

magnolia waterfront homes

Magnolia is one of the larger neighborhoods in Seattle, although many do not initially think of it that way.  This might be because there are lots of little sections of Magnolia – The Magnolia Village is probably the most popular.  It is right on and around McGraw Street between the A and B hills if you are heading West before you hit the Magnolia Bluff.   To the North is Lands End East of Discovery Park.

Because of Magnolia’s proximity to both the Puget Sound and Downtown Seattle, as well as being South of Ballard, Sunset Hill, and Salmon Bay, there are lots of view homes and many different areas of Magnolia to choose from for these homes.  I wanted to focus mainly on Puget Sound and city views.  Here are the Magnolia view homes numbers….

magnolia view homes

Active Magnolia View Homes

As for active Magnolia view homes for sale, there are 41 homes for sale in the MLS right now that have either city or Puget Sound views.  These are priced between $269,000 and $6,970,000 with a median price of $1,230,000.  The majority of these are priced over a million dollars.  The average days on market for this Magnolia real estate is 180 days.

Pending, Pending Inspection, and Pending Back Up Magnolia View Homes

There are currently 20 Magnolia homes for sale that have these types of views and are marked as some type of pending status in the NWMLS.  These range in price from $285,000 to $1,450,000.

Sold Magnolia View Homes

In the last 180 days, 43 Magnolia homes with views of the city or the sound have closed in escrow according to numbers in the MLS data.  These ranged in price from $394,000 to $2,120,000 with a median price of $832,500.  The average days on market for these homes was 102 days.  Fourteen of these were over a million with only one of them over $2,000,000.

If you are interested in buying or selling Magnolia real estate, please feel free to get in touch with me or search our company Magnolia real estate neighborhood page.  The listings are live and all changes in MLS are reflected as they happen.

– All data from the NWMLS with no FSBO data and compiled by Courtney Cooper, Designated Broker of Cooper Jacobs Real Estate  206.850.8841 or email me at courtney@cooperjacobs.com