NOT LISTED FOR SALE

1506 S Lakeshore Rd Chelan, WA 98816

Estimated Value: $2,967,805 - $3,421,000

3 Beds
2 Baths
1,910 Sq Ft
$1,651/Sq Ft Est. Value

Last Sold June 24, 2016

Last sale price $1,661,000 $870 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $20,564/month

2 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Docks
  • Spa
  • Chelan High School Rated A-
  • Community Boat Launch
  • Lake View

About This Home

As of June 2016

Rare waterfront Cape Cod home offering in prime Chelan location within the gated community of Southshore Estates! Complete interior renovation with timeless & upscale cottage style design; 3 bedrooms and 3 baths. This is a charmer! Includes 2 separate parcels totaling 90' waterfront with private dock, boat lift & sea-doo lifts and Southshore Estates community boat launch. Come enjoy the breathtaking views and outdoor living with generous decks / patio, spa & beautiful lawn at water's edge.

Last Agent to Sell the Property

Renee Peterson

Windermere RE/Lake Chelan License #74447 Listed on: 05/04/2016

Windermere RE/Lake Chelan

Last Buyer's Agent

Rhett Crow

Windermere RE/Lk Chelan Dwntwn License #23789

Windermere RE/Lk Chelan Dwntwn

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM937188

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,799

Year Built

  • Built in 1992

Lot Details

  • Low Bank Waterfront Property
  • Gated Home
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is zoned RW

Parking

  • Attached Garage

Property Views

  • Lake
  • City
  • Mountain
  • Territorial

Home Design

  • Cape Cod Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2 Bathrooms
  • 1 Fireplace
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Bulkhead
  • Docks
  • Deck
  • Patio

Utilities

  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 272208815080

Community Details

Overview

  • Minneapolis Beach Community
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Boat Launch

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,799

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Cape Cod
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, French Doors, Hot Tub/Spa, Skylights, Vaulted Ceilings
  • Floor Covering: Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 2
  • Bathrooms: 3.00
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Half Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Three Quarter Bathrooms Lower: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Daylight, Fully Finished
  • Living Room: Main
  • Recreation Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1910
  • Square Footage Finished: 1910

Exterior Features

  • Exterior: Wood
  • Roof: Composition
  • View: City, Lake, Mountain, Territorial
  • Waterfront: Bank-Low, Bulkhead, Lake
  • Waterfront Frontage: 90'

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 1

Utilities

  • Heating And Cooling: Central A/C, Heat Pump
  • Power Company: Chelan County PUD
  • Sewer: Sewer Connected
  • Sewer Company: City of Chelan
  • Water Company: Bear Mountain Water District
  • Water Heater: Basement-Electric
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 166
  • Community Name: Minneapolis Beach
  • Project: Southshore Estates
  • Community Features: Boat Launch, Ccrs

Schools

  • Elementary School: Morgen Owings Elem
  • Middle School: Chelan Mid
  • High School: Chelan High
  • School District: LCH

Lot Info

  • Lot Number: 2&3
  • Lot Sq Ft: 14374
  • Lot Topography Vegetation: Garden Space, Level, Partial Slope
  • Parcel Number: 272208815080
  • Zoning Code: RW
  • Zoning Jurisdiction: County
  • Lot Topography: Garden Space, Level, Partial Slope

Tax Info

  • Tax Amount: 10078

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2020
Sold by
Alger Darren A and Mccune Jamie L
Bought by
Alger Bnk Llc
Current Estimated Value
$3,152,602

Purchase Details

Listed on
May 4, 2016
Closed on
Jun 9, 2016
Sold by
Fairbanks Thomas M and Fairbanks Debra A
Bought by
Alger Darren A and Mccune Jamie L
Seller's Agent
Renee Peterson
Windermere RE/Lake Chelan
Buyer's Agent
Rhett Crow
Windermere RE/Lk Chelan Dwntwn
List Price
$1,671,000
Sold Price
$1,661,000
Premium/Discount to List
-$10,000
-0.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.35%
Original Mortgage
$1,120,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2010
Sold by
Fairbanks Thomas M
Bought by
Fairbanks Thomas M and Fairbanks Debra A

Purchase Details

Closed on
May 5, 2005
Sold by
Fairbanks Debra A
Bought by
Fairbanks Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Alger Bnk Llc -- None Available
Alger Darren A $1,661,000 First Amer Title Wenatchee
Fairbanks Thomas M -- North Meridian Title & Escro
Fairbanks Thomas M -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alger Darren A $1,120,000
Previous Owner Fairbanks Thomas M $165,000
Previous Owner Fairbanks Thomas M $715,000
Previous Owner Fairbanks Thomas M $325,000
Previous Owner Fairbanks Thomas M $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2016 06/24/16 Sold $1,661,000 -0.6% $870 / Sq Ft
05/08/2016 05/08/16 Pending -- -- --
05/05/2016 05/05/16 For Sale $1,671,000 -- $875 / 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
2021 $16,799 $1,978,257 $831,600 $1,146,657
2020 $13,928 $1,487,256 $831,600 $655,656
2019 $12,897 $1,534,278 $831,600 $702,678
2018 $11,299 $1,442,367 $831,600 $610,767
2017 $10,070 $1,146,769 $723,600 $423,169
2016 $9,313 $1,083,399 $561,600 $521,799
2015 $9,313 $1,048,794 $540,000 $508,794
2013 $9,313 $833,243 $486,000 $347,243
Source: Public Records

Agents Affiliated with this Home

  • Renee Peterson

    Seller's Agent in 2016

    Renee Peterson

    Windermere Corporate

    (509) 670-5146

    32 Total Sales

    Renee Peterson
    Section Image
  • Rhett Crow

    Buyer's Agent in 2016

    Rhett Crow

    Windermere RE/Lk Chelan Dwntwn

    (509) 714-7118

    406 Total Sales

    Rhett Crow
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM937188

Northwest Multiple Listing Service (NWMLS)

APN: 272208815080

Washington Chelan County Chelan 98816

1506 S Lakeshore Rd, Chelan, WA

This home is located at 1506 S Lakeshore Rd, Chelan, WA 98816 since 04 May 2016 and is currently estimated at $3,152,602, approximately $1,650 per square foot. This property was built in 1992. 1506 S Lakeshore Rd is a home located in Chelan County with nearby schools including Morgen Owings Elementary School, Holden Village Community School, and Chelan Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes