$1,295,000
For Sale

261 Madrona Street

Orcas Island, WA 98245
2454 sqft | 2 beds | 1.5 baths | 0.15 acres | #2278467
Listing OfficeCOMPASS
Browse 29 photos
Type:Purchase
Structure:House
Zone:Residential

Description

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
      • InteriorDouble Pane/Storm Window, Fireplace, Laminate Hardwood, Wall to Wall Carpet, Water Heater
      • Exterior FeaturesDeck, Fenced-Partially, Outbuildings
      • Style17 - 1 1/2 Stry w/Bsmt
      • Lot DescriptionPaved, Value In Land
      • BasementDaylight, Finished
      • FoundationPoured Concrete
      • Sewer InformationSewer Connected
      • Date ListedAugust 16, 2024
      • High SchoolOrcas Isl High
      • Middle SchoolOrcas Isl Mid
      • School DistrictOrcas Island
      • Property SubtypeResidential
      • Elementary SchoolOrcas Elem
      • Original List Price$1,295,000
      • Utility SourceCommunity
      • SubdivisionEastsound
      • Property TypePurchase
      • CountySan Juan
      • MLS #2278467
      • Cost1295000
      • MLS #2278467
      • Acres0.1488
      • Taxes Annual$4,379
      • Structure TypeHouse
      • Exterior MaterialsWood
      • Square Feet2454
      • Year Built1948
      • Bathrooms1.5
      • Days on Market (Cumulative)126
      • Fireplaces1
      • Bedrooms2
      • Full Baths1
      • Half Baths1
      • Parking Spaces2
Real Property Associates, Inc.
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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