Listed by Better Properties Gig Harbor, Bought with Better Properties Gig Harbor
NOT LISTED FOR SALE

1505 W Herron Place NW Lakebay, WA 98349

Estimated Value: $373,000 - $395,000

3 Beds
2 Baths
1,344 Sq Ft
$284/Sq Ft Est. Value

Last Sold November 15, 2022

Last sale price $334,000 $249 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,558/month

68 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Community Boat Launch
  • Loft
  • Views of a Sound
  • Deck
  • Cul-De-Sac

About This Home

As of November 2022

Welcome to Herron Island, private island with a community ferry! This cabin sits to the side of the lagoon at the north end of the island, enjoy watching the ebb & flow of the tide in & out of the lagoon! The cabin has had many upgrades over the years. Enter into open plan living/dining/kitchen with large slider door out to a covered deck & fenced in yard. Main floor also has 3/4 bathroom & utility/storage room. Up spiral staircase to 3 bedrooms, bathroom (claw tub) & loft area with double doors out to covered deck. Full house propane generator (tank is owned), tankless water heater, new furnace. Located on quiet cul-de-sac. The island has community beaches, seasonal boat docks, boat launch, plus parks, trails & a pickle ball court!

Last Agent to Sell the Property

Karen Dorans

Better Properties Gig Harbor License #18442 Listed on: 08/11/2022

Better Properties Gig Harbor

Co-Listed By

Paige DeClue

Better Properties Gig Harbor License #22013575

Last Buyer's Agent

James Smith

Better Properties Gig Harbor License #3143

Better Properties Gig Harbor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1976430

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,936

Year Built

  • Built in 1971

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 80x200x80x190
  • Low Bank Waterfront Property
  • 80 Feet of Waterfront
  • Cul-De-Sac
  • Street terminates at a dead end
  • North Facing Home
  • Partially Fenced Property
  • Level Lot
  • Property is in good condition
  • Zoning described as Rural 10

HOA Fees

  • $300 Monthly HOA Fees

Property Views

  • Views of a Sound
  • Territorial Views

Home Design

  • Cabin
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,344 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Fireplace
  • Loft
  • Storm Windows

Kitchen

  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Evergreen Elementary School
  • Key Peninsula Mid Middle School
  • Peninsula High School

Utilities

  • Generator Hookup
  • Propane
  • Tankless Water Heater
  • Septic Tank
  • Septic System

Listing and Financial Details

  • Legal Lot and Block 23 / Block 1
  • Assessor Parcel Number 4450300280

Community Details

Overview

  • Office Manager, Carolyn Snyder Association
  • Secondary HOA Phone (253) 884-9350
  • Herron Island Subdivision

Recreation

  • Community Boat Launch
  • Community Playground
  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,936

Year Built

Built in 1971

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 11 - 1 1/2 Story
  • Year Built: 1971
  • Inclusions: Dishwasher,Dryer,Microwave,Refrigerator,StoveRange,Washer,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Cabin
  • Building Name: Division # 3
  • New Construction: No
  • CalculatedSquareFootage: 1344
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 1,076

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Range, Washer
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Tankless Water Heater, Laminate, Wall to Wall Carpet, Double Pane/Storm Window, Loft, Wired for Generator, Water Heater
  • Living Area: 1344
  • Bathrooms: 1.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 1344
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Dryer,Microwave,Refrigerator,Stove/Range,Washer

Exterior Features

  • Roof: Composition
  • View: See Remarks, Sound, Territorial
  • Lot Features: Cul-De-Sac, Dead End Street
  • View: Yes
  • Waterfront Features: Bank-Low, Saltwater
  • Waterfront: Yes
  • Direction Faces: North
  • Exterior Features: Wood, Wood Products
  • Property Condition: Good
  • Structure Type: House
  • BusLineNearby: false
  • WaterfrontFootage: 80

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: Driveway, Off Street

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Utilities: Propane, Septic System, Electricity Available, Wood, Common Area Maintenance, Road Maintenance, See Remarks
  • HeatingCoolingType: Forced Air,Tankless Water Heater
  • PowerCompany: Peninsula Light
  • SewerCompany: <Septic>
  • WaterCompany: Herron Island Water Dept
  • WaterHeaterLocation: Outside wall
  • WaterHeaterType: Tankless
  • CableConnected: No current service
  • InternetConnected: No current service

Condo/Co-op/Association

  • Community Features: Boat Launch, Community Waterfront/Pvt Beach, Park, Playground, Trail(s)
  • Senior Community: No
  • Association Fee: 300
  • Association Fee Frequency: Monthly
  • Phone: 253-884-9350
  • Association: Yes
  • AssociationContactName: Office Manager, Carolyn Snyder

Schools

  • Junior High Dist: Peninsula
  • High School: Peninsula High
  • Middle Or Junior School: Key Peninsula Mid

Lot Info

  • Parcel Number: 4450300280
  • Topography: Level,PartialSlope,Sloped
  • Land Lease: No
  • Lot Size Acres: 0.3581
  • Lot Size: 80x200x80x190
  • Lot Size Sq Ft: 15600
  • Zoning Description: Rural 10
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Outbuildings,Propane
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public records
  • ZoningJurisdiction: County
  • LotNumber: 23

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: true

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1936

Multi Family

  • EnergySource: Electric,Wood

MLS Schools

  • Elementary School: Evergreen Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Nov 14, 2022
Sold by
Corey Michael J
Bought by
Bamford Mike and Bamford Kathleen
Seller's Agent
Karen Dorans
Better Properties Gig Harbor
Buyer's Agent
James Smith
Better Properties Gig Harbor
List Price
$379,000
Sold Price
$334,000
Premium/Discount to List
-$45,000
-11.87%
Views
1
Current Estimated Value
$374,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,164
Avg. Annual Appreciation
4.66%

Purchase Details

Closed on
May 10, 1994
Sold by
Welch Robert L
Bought by
Corey Michael J and Corey Candace M C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
8.53%
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
Bamford Mike -- Ticor Title
Corey Michael J -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bamford Michael $110,000
Previous Owner Corey Michael J $60,000
Previous Owner Corey Michael J $56,250
Closed Corey Michael J $2,123
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold $334,000 -11.9% $249 / Sq Ft
10/18/2022 10/18/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $379,000 -- $282 / 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
2025 $2,625 $299,600 $79,200 $220,400
2024 $2,625 $293,400 $72,900 $220,500
2023 $2,625 $292,600 $72,900 $219,700
2022 $1,936 $257,200 $65,400 $191,800
2021 $1,992 $183,800 $42,700 $141,100
2019 $1,746 $172,200 $37,600 $134,600
2018 $1,245 $163,700 $35,500 $128,200
2017 $1,245 $104,000 $24,100 $79,900
2016 $1,377 $119,900 $27,700 $92,200
2014 $1,584 $107,700 $27,800 $79,900
2013 $1,584 $114,300 $28,900 $85,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1976430

Northwest Multiple Listing Service (NWMLS)

APN: 445030-0280