Listed by Windermere RE San Juan Island, Bought with Orcas Island Realty
NOT LISTED FOR SALE

1224 Shark Reef Rd Lopez Island, WA 98261

Estimated Value: $3,072,000 - $3,761,494

4 Beds
4 Baths
3,926 Sq Ft
$885/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $2,400,000 $611 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $20,004/month

68 Days on Market

Highlights

  • 230 Feet of Waterfront
  • Indoor Pool
  • Sauna
  • Ocean View
  • Rooftop Deck
  • RV Access or Parking

About This Home

As of August 2020

Make working from home the best time of your life! Two beautiful offices overlooking the sound - current occupant has practiced telemedicine from here for 3 years. Stunning architecture designed by Heliotrope, on one of the most beautiful waterfront properties in the San Juan’s. Enjoy a gym, pool, steam room, wine cellar, elevator, and geothermal heat! Explore your private 5 ac forest with firs, trails and pond. Live life in a vibrant, safe community rich in healthy food, culture and innovation.

Last Agent to Sell the Property

Greg King

Windermere RE San Juan Island License #77332 Listed on: 04/27/2020

Windermere RE San Juan Island

Co-Listed By

Michael Doyle

Windermere Real Estate Midtown License #18793

Last Buyer's Agent

Deborah Jones

Orcas Island Realty License #22015342

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1592919

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,868

Year Built

  • Built in 2011

Lot Details

  • 5.68 Acre Lot
  • 230 Feet of Waterfront
  • Open Space
  • Partially Fenced Property
  • Secluded Lot
  • Level Lot
  • Wooded Lot
  • Garden

Parking

  • 3 Car Garage
  • RV Access or Parking

Property Views

  • Ocean
  • Views of a Sound
  • Strait Views
  • Mountain

Home Design

  • Poured Concrete
  • Metal Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 3,926 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Central Vacuum
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • French Doors
  • Dining Room
  • Sauna
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Spa Bath

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Pool

  • Indoor Pool
  • Spa

Outdoor Features

  • Rooftop Deck
  • Patio
  • Outbuilding

Utilities

  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • Propane
  • Private Water Source
  • Well
  • Water Heater
  • Septic Tank
  • Septic System
  • High Tech Cabling

Community Details

  • Lopez Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 240413006

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,868

Year Built

Built in 2011

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Accessibility Features: Other
  • Year Built: 2011
  • Inclusions: Dishwasher,DoubleOven,Dryer,GarbageDisposal,Microwave,RangeOven,Refrigerator,SeeRemarks,TrashCompactor,Washer,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 3926
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 2
  • Basement: Daylight
  • Private Spa: Yes
  • Appliances: Double Oven, Dryer, Trash Compactor, Washer
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 3
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Bath Off Primary, Built-In Vacuum, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Elevator, French Doors, High Tech Cabling, Hot Tub/Spa, Sauna, Security System, Skylight(s), Indoor Pool, Water Heater
  • Living Area: 3926
  • Main Level Bedrooms: 2
  • Bathrooms: 3.25
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 3926
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 2
  • AppliancesIncluded: Dishwasher,Double Oven,Dryer,Garbage Disposal,Microwave,Range/Oven,Refrigerator,See Remarks,Trash Compactor,Washer
  • FireplacesUpper: 1

Exterior Features

  • Roof: Metal
  • View: Mountain(s), Ocean, Sound, Strait
  • Lot Features: Open Space, Secluded
  • Pool Features: Indoor
  • View: Yes
  • Waterfront: Yes
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • PoolType: Indoor
  • WaterfrontFootage: 230 +/-

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: RV Parking
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well, Private
  • Security: Security System, Fully Fenced
  • Heating Yn: Yes
  • Utilities: Septic System, Geothermal, Wood
  • PowerCompany: OPALCO
  • SewerCompany: Septic
  • WaterCompany: Well
  • WaterHeaterLocation: Basement Mechanical Rm
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Lopez Island

Lot Info

  • Parcel Number: 240413006
  • Topography: Level
  • Lot Size Acres: 5.6759
  • Lot Size Sq Ft: 247242
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Hot Tub/Spa,Outbuildings,Patio,Propane,Rooftop Deck,RV Parking,Shop
  • MLSLotSizeSource: SJC
  • MLSSquareFootageSource: SJC

Green Features

  • Efficiency: High Efficiency - 90%+, High Efficiency (Unspecified)
  • Power Production Type: Geothermal, Ground Source, Wood

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2020
  • Tax Annual Amount: 11868

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2020
Closed on
Aug 5, 2020
Sold by
Walters Ronald L and Dickson Randall C
Bought by
Reynolds Craig Weston and Reynolds Jane George
Seller's Agent
Greg King
Windermere RE San Juan Island
Buyer's Agent
Deborah Jones
Orcas Island Realty
List Price
$2,500,000
Sold Price
$2,400,000
Premium/Discount to List
-$100,000
-4%
Current Estimated Value
$3,473,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,073,124
Avg. Annual Appreciation
7.41%

Purchase Details

Closed on
Jun 18, 2014
Sold by
Walters Ronald L and Dickson Randall C
Bought by
Walters Ronald L and Dickson Randall C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$774,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 19, 2005
Sold by
Wiseman Terry J and Wiseman Adrienne L
Bought by
Walters Ronald L and Dickson Randall C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,500
Interest Rate
6.35%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Reynolds Craig Weston $2,400,000 Chicago Title Bellingham
Walters Ronald L -- First American
Walters Ronald L $615,500 San Juan Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walters Ronald L $774,000
Previous Owner Walters Ronald L $415,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2020 08/14/20 Sold $2,400,000 -4.0% $611 / Sq Ft
07/04/2020 07/04/20 Pending -- -- --
04/27/2020 04/27/20 For Sale $2,500,000 -- $637 / Sq Ft
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 $19,083 $3,130,420 $545,910 $2,584,510
2023 $19,083 $3,268,820 $474,700 $2,794,120
2022 $13,131 $3,054,420 $474,700 $2,579,720
2021 $12,763 $1,693,550 $431,540 $1,262,010
2020 $11,869 $1,656,720 $375,250 $1,281,470
2019 $11,228 $1,552,770 $375,250 $1,177,520
2018 $11,602 $2,562,490 $1,468,870 $1,093,620
2017 $8,439 $1,403,500 $375,250 $1,028,250
2016 $6,613 $1,213,630 $395,000 $818,630
2015 $6,613 $1,236,080 $395,000 $841,080
2014 $6,613 $1,242,580 $395,000 $847,580
2012 $6,613 $1,199,970 $395,000 $804,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1592919

Northwest Multiple Listing Service (NWMLS)

APN: 240413-006-000