Foreclosures in Madison Park on SeattleHome.com are homes that are owned by a bank or lender. These are sometimes referred to as REO (Real Estate Owned), ORE, or bank-owned homes. Other foreclosures are sold at county auctions, which are riskier and require all-cash buyers.
In contrast, these bank-owned foreclosures are fairly straightforward and allow for bank financing. Even inexperienced buyers have access to bank-owned foreclosures. Our buyers have the option of an inspection period before closing the contract on a foreclosure. This allows the buyer a short-term "grace period" in case the property doesn't live up to their expectations.
If there are no foreclosures available today in Madison Park, check back daily for new listings.
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Madison Park and its neighbors housed many of Seattle's founding power families. The neighborhood and nearby enclaves of Washington Park, Broadmoor and Denny-Blaine have attracted Seattle's wealthiest families for generations. Beach parks, waterfront condos, and stately mansions line Madison Park's streets, with a particularly residential feel, separated from the bustle of downtown Seattle while just a short drive away.
Madison Park is a neighborhood in east central Seattle, Washington, USA, named after the city park at the foot of E. Madison Street on the Lake Washington shore. It is bounded on the east by Lake Washington; on the south by the intersection of Lake Washington Boulevard E. and 39th Avenue E., beyond which is Denny-Blaine; on the west by Lake Washington Boulevard E.; and on the north by Union Bay. Washington Park and the private Broadmoor community and golf course are subunits within Madison Park. The neighborhood's main thoroughfares are E. Madison Street (northeast- and southwest-bound) and McGilvra Boulevard E. (north- and southbound).
Madison Park in the early 1900s was a popular destination for people who lived in Downtown Seattle and continues to draw from Capitol Hill and beyond, especially on warmer days. Though very close to the city center, it was seen as a summer getaway, with a cable car leading over the hills to the lake, park, swimming beach and ferries to destinations across Lake Washington.
Today, Madison Park is an upscale residential community with a number of restaurants and eateries.
Madison Park's Pioneer Hall (also known as Washington Pioneer Hall) is listed on the National Register of Historic Places, ID #70000645.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Madison Park. You can see the latest trends in pricing, affordability, supply and demand. We invest in this research so our clients always have the latest insights to make the best decisions with confidence. Below are the latest home pricing trends for Madison Park based on zip code 98112.
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