NOT LISTED FOR SALE

1218 Beach Ave Lummi Island, WA 98262

Estimated Value: $561,000 - $676,000

0.3 Acre
$2,115,337 Price per Acre
13,068 Sq Ft Lot

Last Sold June 13, 2016

Last sale price $18,000

Est. 3,426% increase in value since last sale

Current estimated payment $3,904/month

5 Days on Market

Highlights

  • Ocean Front
  • Community Boat Launch
  • Clubhouse

About This Lot

As of June 2016

Here's your opportunity to own a 12,976 square foot High Bank Water Front lot on Lummi Island. This picturesque lot would be an ideal recreational spot as it is Scenic Estates. The community of Scenic Estates offers a list of amenities: clubhouse, fresh water swimming lake, cabana, BBQs, boat launch & more. Water & power on property.

Last Listed By

Daisy Valladares

Muljat Group License #111422 Listed on: 05/25/2016

Muljat Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM949296

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,634

Year Built

  • 2004

Lot Details

  • Ocean Front
  • Property fronts a saltwater canal

Property Views

  • Ocean Views
  • Strait Views

Utilities

  • Sewer Not Available

Listing and Financial Details

  • Assessor Parcel Number 370123544451000

Community Details

Overview

  • Lummi Island Community
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Community Boat Launch

Property Details

Property Type

Land

Est. Annual Taxes

$4,634

Year Built

2004

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Style: 40 - Res-Less Thn 1 Ac
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2004

Exterior Features

  • Road Information: Paved
  • View: Ocean, Strait
  • Waterfront: Bank-High, Ocean, Saltwater, Strait
  • Water Jurisdiction: Scenic Estates

Utilities

  • Electricity: On Property
  • Gas Available: Not Available
  • Septic System Installed: Y
  • Sewer: Not Available
  • Water: Available

Condo/Co-op/Association

  • Community Name: Lummi Island
  • Project: Lummi Island Scenic Estates Div No 1
  • Community Features: Boat Launch, CCRs, Clubhouse, Community Waterfront/Pvt Beach

Schools

  • School District: FRN

Lot Info

  • Lot Number: 36
  • General Zoning Classification: Residential
  • Lot Details: Paved Street
  • Lot Sq Ft: 12976
  • Parcel Number: 370123544451000
  • Zoning Jurisdiction: County
  • Zoning Remarks: RF

Tax Info

  • Tax Amount: 436

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2008
Sold by
Kan Choy Krista and Choy Yumun
Bought by
Wong James F and Wong Nancy K
Total Days on Market
5
Current Estimated Value
$634,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2006
Sold by
Terpstra David E and Terpstra Nancy J
Bought by
Choy Yumum and Kan Choy Krista

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 22, 2003
Sold by
Bowman Jack and Bowman Jo Ann
Bought by
Sexton Mark and Sexton Marlene

Purchase Details

Closed on
May 21, 2002
Sold by
Breckon Gordon and Breckon Marion
Bought by
Lederer Brent D

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wong James F $345,280 Chicago Title Insurance
Choy Yumum $305,280 Chicago Title Insurance
Sexton Mark -- --
Lederer Brent D -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong James F $200,000
Closed Wong James F $256,000
Closed Wong James F $277,241
Closed Wong James F $276,000
Closed Kan Choy Krista $245,100
Previous Owner Choy Yumum $244,000
Previous Owner Terpstra David E $126,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2016 06/13/16 Sold $18,000 -10.0% --
05/30/2016 05/30/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $20,000 -33.3% --
11/21/2014 11/21/14 Sold $30,000 -40.0% --
10/31/2014 10/31/14 Pending -- -- --
08/25/2014 08/25/14 For Sale $50,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,634 $633,824 $303,641 $330,183
2023 $4,634 $610,750 $292,587 $318,163
2022 $4,087 $511,098 $244,848 $266,250
2021 $3,511 $412,182 $197,461 $214,721
2020 $3,506 $337,841 $161,847 $175,994
2019 $2,919 $306,432 $146,800 $159,632
2018 $3,196 $294,319 $114,899 $179,420
2017 $2,993 $246,922 $96,413 $150,509
2016 $2,934 $243,034 $94,921 $148,113
2015 $2,717 $235,416 $92,434 $142,982
2014 -- $215,309 $84,558 $130,751
2013 -- $208,986 $82,900 $126,086
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM949296

Northwest Multiple Listing Service (NWMLS)

APN: 370123-530464-0000