3 months on rocket

261 Madrona St, Orcas Island, WA, 98245

$1,295,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
2,454 SqFt
$528/SqFt
House

Location

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261 Madrona St, Orcas$1,295,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

ParkingDriveway, Detached Garage
Garage2 spaces
Year Built1948
HeatingZoned
CoolingNone
BasementYes
MLS #2278467
Lot Size0.15 Acres
StatusActive

About 261 Madrona St

Income opportunity in town! This charming 2 bed, 1.5 bath home offers a prime in-town location with serious income potential due to land-use designation as Village Commercial. Literally a three-minute walk to the nation’s best restaurants, galleries, bakeries, bookstore and more in the heart of town this original island home built in 1948 has been thoughtfully remodeled, has a fully fenced yard; two-car garage. Move in and enjoy all the island has to offer or take advantage of its multi-use designation by applying for a permit as bed and breakfast, hotel or fully redevelop with up to 40 units to the acre!

Property Details

Property Features

Property Information:

  • Year Built: 1948
  • Living Area: 2,454 SqFt

Listing Office:

  • Office Name: COMPASS
  • Office Phone: (360) 507-5443
  • Listing Agent: Wally Gudgell

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Laminate, Carpet
  • Interior: Double Pane/Storm Window, Fireplace, Laminate Hardwood, Wall to Wall Carpet, Water Heater

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Wood

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Driveway, Detached Garage

Lot Features

Lot Information:

  • Lot: Paved
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Zoned
  • Cooling: None

Other

Directions Information:

  • Directions: Main Street in Eastsound to Madrona St, go north to 261.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,295,000
  • Price Per SqFt: $528/SqFt
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Housing Market Comparison

See how this home compares to others in Orcas, WA.

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Orcas, WA

City

Med. Sold Price

$982.5K

Med. Price/SqFt

$552

Avg. Days On Market

122

# of Sold Homes

14

261 Madrona St vs Orcas

108 DAYS ON ROCKET

-14 Days

$1,295,000

+$312.5K More

$528/SqFt

-$25 Less

KEY TAKEAWAY

This property is $312.5K more than the Median Sold Price and $25/SqFt less than other homes in Orcas, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2278467

Listing Office:

  • Office Name: COMPASS
  • Office Phone: (360) 507-5443
  • Listing Agent: Wally Gudgell

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 12:17:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3496394
6
/10

  • Orcas Island Elementary School

  • 611 School Rd

  • 0.21 miles

  • Public District Grades KG-5

school-card-donut-3496395
5
/10

  • Friday Harbor Elementary School

  • 95 Grover St

  • 12.68 miles

  • Public District Grades PK-5

school-card-donut-3496396
6
/10

  • Lopez Elementary School

  • 86 School Rd

  • 14.10 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,258. Typical income of Orcas, WA residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 261 Madrona St

What is the listing price of this property?

The listing price of 261 Madrona St property is $1,295,000.

What type of property is this?

The property 261 Madrona St is a house located in Orcas Island, Washington, 98245.

Is this property for sale now?

Active Listing: 261 Madrona St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 261 Madrona St has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 261 Madrona St is 2,454 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 261 Madrona St is 1948.

Rocket Homes›Washington›San Juan County›Orcas›98245›261 Madrona St

This home is located at 261 Madrona St in Orcas Island, WA and zip code 98245. This 2,454 square foot home, which was built in 1948, sits on a 0.15 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 17, 2024 and is currently priced at $1,295,000.

While more than 0 listings in Orcas, WA in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 13 were sold below. The number of listings in Orcas, WA decreased by 6% between October 2024 and November 2024. In November 2024 median list price was $982,500 and the average listing age was 122 days.

From Rocket Homes Real Estate and based on county public records data.

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