tomo logo

$1,675,000

Beds
4
Baths
3.25
sq ft
2,900

534 31st Ave, Seattle, WA 98122

534 31st Ave

Seattle, WA 98122

  • 71 days on market
    • Price drop $75,000↓
Welcome to this exquisite blend of Craftsman architecture and contemporary finishes! Nestled on a quiet street, it's just a short stroll from Madrona's vibrant restaurants and amenities. Stay cool in the summer with a walk to Madrona Beach. The front courtyard and deck flow seamlessly into the grand main floor's open living, kitchen, and dining areas, with a separate TV space leading to the back deck—ideal for indoor/outdoor entertaining. Stunning patio surrounded by raised beds all ready for a great garden. Freshly rebuilt, insulated, and finished 2-car garage is perfect for parking, projects, or workouts. A dedicated main floor office ensures peaceful work-from-home days. Thoroughly updated infrastructure with mini-splits for AC!

Details

Property type

Single Family Residence

Est. home value

$1,313,723

Lot size

3,976 sq ft

Price per sq ft

$578

Year built

1919

Annual property taxes

$11,054

Price History

09/14/2024
NorthwestMLS

NorthwestMLS #2262859

Price change
$1,675,000
-4.29%
07/10/2024
NorthwestMLS

NorthwestMLS #2262859

Listed
$1,750,000
+50.73%
07/31/2019
NorthwestMLS

NorthwestMLS #1479151

Sold
$1,161,000
+54.8%

Schools & Community

Neighborhood: 

Leschi

Elementary school: 

Madrona Elementary

Middle school: 

Wash Mid

High school: 

Garfield High

School district: 

Seattle

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,023,470
Asking price
$1,675,000
Closing costs (~8% of asking)
-$134,000
Est. remaining loan balance
-$517,530
Cash to seller
$1,023,470

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

December 2020

Original loan amount

$565,000

Est. remaining balance

$517,530

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Richard A Dault and Joanna K Law

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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1416 31st Ave, Seattle, WA 98122

Listing provided by NWMLS

Status: Active

Tomo last checked: 09/18/2024 at 6:45 PM

Listing updated: 09/14/2024 at 2:18 PM

Listed by: Ben Carr, Windermere Real Estate Co. Phone #: (206) 448-6000

MLS: NorthwestMLS #2262859

NorthwestMLS logo

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