7349 Madrona Drive NE is a unique in-town package in the popular Wing Point Neighborhood.  Right now, on the island, it is hard to find a home for sale that is close to the ferry and not cookie-cutter.  This home is anything put predictable or ordinary. Custom built by Bob Grimm of ID Construction, this property offers a 2588 sq ft main home and a 704 sq ft guest cottage on a lovely, landscaped, flat lot.  Only 1.5 miles to the ferry, this Wing Point property on .39 of an acre offers elbow room from your neighbors, but incredible proximity to the ferry, Winslow, and schools.

Open Houses Scheduled for:

Thurs., November 30th from 10am to 1pm & Sun., December 3rd from 1pm to 4pm

7349 Madrona Dr NE on Bainbridge Island listed by Jen Pells Real Estate

7349 Madrona Dr NE on Bainbridge Island.

7349 Madrona Dr NE on Bainbridge Island listed by Jen Pells Real Estate

The gracious entry way/den area makes an immediate impression with stunning woodwork.

7349 Madrona Dr NE on Bainbridge Island listed by Jen Pells Real Estate

The open concept kitchen has been recently updated with quartz counters, new appliances, subway backsplash, shiplap siding and new fixtures.

7349 Madrona Dr NE on Bainbridge Island listed by Jen Pells Real Estate

The dining area has stylish light fixtures that set off the wood beams and the south facing windows let in great afternoon light.

7349 Madrona Dr NE on Bainbridge Island listed by Jen Pells Real Estate

The striking master bedroom has interesting angles, vaulted ceilings, custom paint, a skylight with shutters, and built in fir dressers.

7349 Madrona Dr NE on Bainbridge Island listed by Jen Pells Real Estate

The formal living room has walls of windows and just off the entry it is a great place to greet your guests.

7349 Madrona Dr NE on Bainbridge Island listed by Jen Pells Real Estate

The two story guest cottage sits at the back of the property and feels like it is on a separate lot.

7349 Madrona Dr NE on Bainbridge Island listed by Jen Pells Real Estate

The quaint guest cottage is 704 sq ft, has a full kitchen, 3/4 bath, laundry and large bedroom.

Details about the home:

  • 2588 sq ft main home and 704 sq ft main cottage
  • Main home is 3 bedrooms and 2.5 baths
  • Bedroom and bathroom on the main floor
  • Updated kitchen and bathrooms
  • Guest cottage has a full kitchen, 3/4 bath, laundry and bedroom
  • .39, flat, landscaped lot
  • One car garage with finished studio and half bath
  • Newer roof and exterior paint
  • 1.5 miles to the Seattle Ferry
  • Offered at $995,000

Storybook charm on desirable street in coveted Wing Point. A rare package of a custom main home (2588 sq ft) and a quaint guest cottage (704 sq ft) on a lovely, flat landscaped lot. The main home has been meticulously updated and professionally designed with custom lighting, quartz countertops and heated marble floors. The comfortable guest cottage offers a full kitchen, 3/4 bath and laundry. Your guests won’t want to leave. The finished garage studio could be a gym, music room, yoga studio, or office. Easy access to the ferry and Winslow.

Click here to see the full Windermere listing detail.

Click here to visit this home’s dedicated website.

On November 30, 2017, in Home Tours, Homes, Listing, Neighborhoods, Open Houses, by

Winslow 2017 Holidays Tree LightingThe Holidays are Here

Today is Small Business Saturday.  Get out and shop and support your local merchants, friends, and neighbors.  There are a host of activities going on in downtown Winslow today, including the Christmas Tree Lighting tonight from 6pm-7:30pm.  Below is a summary of what you can do downtown today to help burn off some of that turkey.

  • Holiday specials in Winslow store 10am to 6pm
  • Hot chocolate in Madrone Lane 1pm-3pm and learn more about the Holiday Giving Trees around Winslow 
  • Free horse drawn carriage rides at the Winslow Green 1-3:30pm
  • Christmas Tree Lighting and entertainment in Madrone Lane 6pm to 7:30pm with holiday music by the excellent BHS Band
On November 25, 2017, in Activities, Community, Events, Shopping, by

LEAVES FALL; MARKETS RISE

Bainbridge Real Estate MarketThe Big Picture

In order to paint an accurate portrait of the Bainbridge Island real estate market during this autumn season, it’s important to put it in the context of the broader regional economy. Through that lens, things are looking very good. Estimates for September 2016 through September 2017 indicate an employment increase of 76,100 in Washington. According to the U.S. Bureau of Labor Statistics, the private sector added 61,400 jobs while the public sector gained an estimated 14,700 jobs over the year. Windermere Chief Economist Matthew Gardner backs that up in his Third Quarter Report, writing, “I maintain my belief that the Washington State economy will continue to outperform the U.S. as a whole. Given such a strong expansion, we should also expect solid income growth across Western Washington.”

The Seattle job market continues to be a huge draw for people moving here from across the country and around the world. As the number of residents in the Puget Sound area rises, Bainbridge Island has been and continues to be a viable and attractive residential option. The desirable amenities are obvious: from the rural feel to the vibrant community to the relative ease of a 35-minute commute by ferry versus an hour and a half by vehicle in the Seattle Metro area – just to name a few.

Another factor that affects our market is buyer fatigue. We’re seeing an increase in island buyers who are fed up – after multiple failed attempts to purchase in Seattle, where they may have competed against dozens of other eager bidders – and choosing to look in our direction for alternatives. This very real and frequent market dynamic contributes to the health of our local market.

Bainbridge Real Estate MarketA Positive Price Report

The third quarter saw continued upward pressure on prices. As the chart below shows, we saw near-double-digit price gains in terms of average and median sales prices over the same period last year. This resulted in a dramatic increase in sales activity in the high-end market with a 34% increase in sales between $1 to $1.5 million and a whopping 85% increase in sales over $1.5 million. (The fact that we’ve begun to list sales that exceed $1.5 million as a separate category is solid evidence of our changing market.)

Our price growth has been consistent over the last several years. The strong population and employment numbers mentioned above help to move the market, but low inventory continues to limit buyer choice. In fact, we had a small decrease in the inventory from the third quarter of 2016 (98 homes on the market) to this year’s third quarter inventory of 92. These data points would suggest continued upward price movement, at least in the short term, that’s complementing a gradual increase in residential sales in recent months.

Keeping Things in CheckBainbridge Real Estate Market

As is true in any transitioning market, we need to look at things from every angle. Even given all the positive signs summarized here, sellers should not assume that they can sell their homes in only a matter of days, in any condition and at whatever high price they set. This simply is not the case. Yes, we are still in a seller’s market, with 2.4 months of limited inventory. However, realistic expectations are critical. While we do still experience multiple-offer scenarios, those have become less prevalent over the course of the year. Instead, we have experienced more price reductions as some sellers were a little aggressive in their initial pricing. It’s important to remember that every house, every neighborhood and every transaction has its own distinct characteristics. An local real estate professional is essential for navigating the current market conditions.

Bainbridge Island Real Estate Market

Finishing Strong

Traditionally, real estate activity tends to slow down in the fourth quarter. Already, this year has been quite different. In only the first few weeks of October, our office has nearly doubled the number of sales compared to this time last year. Open house activity has been robust, indicating an energized pool of buyers just waiting for that perfect home to come along. If these trends continue, we could be in for a very exciting close to an already strong year. Here’s to a healthy and hearty season in all corners of our wonderful island community.

Bainbridge Real Estate Market

Looking for something?

Use the form below to search the site:

Still not finding what you're looking for? Drop a comment on a post or contact us so we can
take care of it!

fbox2
jennifer@jenniferpells.com
206.718.4337
fbox3
Windermere Real Estate/BI, Inc.