707 Madrona Way
Coupeville, WA 98239
$1,199,000
Price
—
Beds
2,603 Sq. Ft.
$461 / Sq. Ft.
2,603
Sq. Ft.
$461
per Sq. Ft.
Listing provided courtesy of RE/MAX Gateway
Description
Nestled above picturesque Penn Cove, with the charming downtown waterfront just a quick lovely stroll away, this property offers a rare opportunity. Currently fully rented, it's ideal for investors seeking steady income or homeowners looking to offset costs by renting out additional units. Recent upgrades such as new roofs, gutters, siding, and updated plumbing and electrical systems ensure peace of mind. Views from all three units plus private back patios on the duplex. Each unit maintains separate...Nestled above picturesque Penn Cove, with the charming downtown waterfront just a quick lovely stroll away, this property offers a rare opportunity. Currently fully rented, it's ideal for investors seeking steady income or homeowners looking to offset costs by renting out additional units. Recent upgrades such as new roofs, gutters, siding, and updated plumbing and electrical systems ensure peace of mind. Views from all three units plus private back patios on the duplex. Each unit maintains separate water and electric meters for convenience and efficiency. Discover a blend of coastal beauty and practicality in this versatile investment opportunity.
- Listed by Adam Baldwin • RE/MAX Gateway
- Listed by Kelli Lang • RE/MAX Gateway
Property Details for 707 Madrona Way
Community Name
Coupeville
School DistrictCoupeville
ViewBay, Mountain(s), Partial
Number of Assigned Spaces5
Total Covered Parking1
Entry Date07-11-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:24 PM
Property Details for 707 Madrona Way
| Status | Active |
|---|---|
| MLS # | 2264358 |
| Days on Market | 145 |
| Cumulative Days on Market | 145 |
| Taxes | $4,445 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1950 |
| Lot Size | 0.59 AC / 25,700 SF |
| County | Island County |
Building Information for 707 Madrona Way
Stories1Residences3Year Built1950Building Size-Lot Size0.59 AC / 25,700 SF
Property Information for 707 Madrona Way
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Outbuildings, Shop
- Area: 812 - Central Whidbey Island
- Elementary School: Coupeville Elem
- Middle Or Junior School: Coupeville Mid
- High School: Coupeville High
- Directions: From Hwy 20, head South on Madrona Way, home will be on the right just before you enter Coupeville
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 1.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl, Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Cement Planked
- Roof: See Remarks
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: PSE
- Sewer Company: Town of Coupeville
- Water Company: Town of Coupeville
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- Zoning Class: Residential
- First Right Of Refusal: false
- Possible Use: Residential
- Letter On File: Duplicate Prop Type
- MLS Square Footage Source: Public Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 34
Lot Information
- Lot Details: Open Space, Paved
- Lot Size Source: Public Records
- Parcel Number Free Text: R132333101640
- Calculated Square Footage: 2603
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2603.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 1
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 4445
- Gross Adjusted Income: 0
- Gross Rent Multiplier: 0
- Gross Scheduled Income: $0
- Insurance Expense: $0
- Net Operating Income: $0
- Other Expenses: $0
- Total Monthly Income: 4700
- Fuel Expense: $0
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2603.0
- Leasable Area Units: Square Feet
Property History for 707 Madrona Way
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 707 Madrona Way
This home is within Coupeville School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Coupeville Elementary School PublicPK to 5 | ||
Coupeville Middle School Public6 to 8 | ||
Coupeville High School Public9 to 12 | ||
Island County Corrections Facility Ed Program Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of RE/MAX Gateway
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
