7 months on rocket

508 Madison St, Seward, AK, 99664

$525,000

Home List Price

$6,234*

Closing Credit

4 Bedrooms
2 Full Baths
1,200 SqFt
$438/SqFt
Multi

Location

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508 Madison St, Seward$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1948
ViewBay, Mountain(s), Partial
MLS #24-3390
Lot Size0.21 Acres
StatusActive

About 508 Madison St

Rare opportunity to own in the heart of Seward! This 90'x100' property is just minutes from historic downtown and offers views of Resurrection Bay! Two, 2-bedroom rental homes with charming, historic character offer steady income, while the Northern 30' lot is ripe for development! Zoned UR, this 9000 sf property could be re-developed into higher density housing, up to 4 units.

Property Details

Property Features

Property Information:

  • Year Built: 1948
  • Living Area: 1,200 SqFt

Listing Office:

  • Office Name: Seward Properties
  • Office Phone: (907) 312-7660

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Bay, Mountain(s), Partial

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Other

Directions Information:

  • Directions: From Seward Hwy, driving South, turn LEFT onto Madison Street. The property is located at the NW corner 6th Ave. and Madison. Showings by Appointment Only. Do not disturb tenants.

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $438/SqFt

Tax Information:

  • Annual Amount: $1,346
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Seward, AK.

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Seward, AK

City

Med. List Price

$410K

Med. Price/SqFt

$258

Avg. Days On Market

120

# of Sold Homes

4

508 Madison St vs Seward

231 DAYS ON ROCKET

+111 Days

$525,000

+$115K More

$438/SqFt

+$180 More

KEY TAKEAWAY

This property is $115K more than the Median List Price and $180/SqFt more than other homes in Seward, AK.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Alaska Multiple Listing Service
  • MLS Number: #24-3390

Listing Office:

  • Office Name: Seward Properties
  • Office Phone: (907) 312-7660

IDXThe listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than this broker are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage.

All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. All square footages are approximations. School boundaries are subject to change. Information is not guaranteed and should be independently verified for accuracy.

Copyright 2024 Alaska Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,346$144,900
2020$1,367$147,200
2019$1,377$156,600
2018$1,378$148,300
2017$1,225$146,400

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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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-264037
4
/10

  • William H. Seward Elementary School

  • 606 Sea Lion Dr

  • 1.79 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,985. The majority of Seward, AK residents have income less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Alaska›Kenai Peninsula County›Seward›99664›508 Madison St

This home is located at 508 Madison St in Seward, AK and zip code 99664. This 1,200 square foot home, which was built in 1948, sits on a 0.21 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $525,000.

Between September 2024 and October 2024, Seward, AK real estate market has seen decrease in the number of listings by 5.9%. In October 2024, listings were on the market for 120 days. During the same period, the median list price in this real estate market was $410,000.

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

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