Listed by Real Estate Collection, Bought with Best Choice Realty LLC
NOT LISTED FOR SALE

16024 E Shore Dr Lynnwood, WA 98087

Estimated Value: $2,541,000 - $2,919,090

2 Beds
2 Baths
1,297 Sq Ft
$2,105/Sq Ft Est. Value

Last Sold November 18, 2019

Last sale price $675,000 $520 Per Sq Ft

Est. 304% increase in value since last sale

Current estimated payment $15,747/month

114 Days on Market

Highlights

  • Docks
  • Lake View
  • Ceramic Tile Flooring
  • RV Access or Parking
  • Patio
  • 5-minute walk to Martha Lake Park

About This Home

As of November 2019

This Martha lake cottage is the last of its kind! 50 ft of waterfront on the east side of the lake. Peaceful lake living at its finest and a convenient escape from the city. Enjoy the sunsets while you fish for the bass hiding under your own dock or for the sunfish darting through the reeds. This is the last opportunity to build on the lake! Come create your dream home on this .34 acre lot with a ton of possibilities. Or rent it out while you and your builder start making plans.

Last Agent to Sell the Property

John Stone

Real Estate Collection License #131161 Listed on: 06/27/2019

Last Buyer's Agent

Yvette Sanchez

Best Choice Realty LLC License #126018

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1482433

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,635

Year Built

  • Built in 1948

Lot Details

  • Partially Fenced Property
  • Level Lot
  • Garden
  • Value in Land

Home Design

  • Cabin
  • Composition Roof
  • Wood Siding

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Docks
  • Patio
  • Outbuilding

Additional Features

  • Lake Views
  • High Speed Internet

Community Details

  • Martha Lake Community

Listing and Financial Details

  • Assessor Parcel Number 00509200102200

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,635

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Cabin
  • Building Information: Built On Lot
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Ceiling Fan(s), Jetted Tub, Skylights
  • Floor Covering: Ceramic Tile, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 2.00
  • Total Full Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Master Bedroom: Main
  • Family Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1297
  • Square Footage Finished: 1297

Exterior Features

  • Exterior: Wood
  • Roof: Composition
  • View: Lake
  • Waterfront: Lake, No Bank
  • Waterfront Frontage: 50

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Stove/Free Standing, Wall
  • Sewer: Sewer Connected
  • Water Heater: utility room-electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Martha Lake

Schools

  • School District: ED

Lot Info

  • Lot Details: Paved Street, Value In Land
  • Lot Sq Ft: 14810
  • Lot Topography Vegetation: Garden Space, Level
  • Parcel Number: 00509200102200
  • Zoning Jurisdiction: City
  • Lot Topography: Garden Space, Level

Tax Info

  • Tax Amount: 7132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2024
Sold by
Zheng Margaret
Bought by
Zheng Margaret
Current Estimated Value
$2,730,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,697,500
Outstanding Balance
$2,649,918
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$80,127

Purchase Details

Listed on
Jun 27, 2019
Closed on
Nov 5, 2019
Sold by
Dhaliwaf Hardip S and Phan Than T
Bought by
Sutton Margaret Zheng
Seller's Agent
John Stone
Real Estate Collection
Buyer's Agent
Yvette Sanchez
Best Choice Realty LLC
List Price
$730,000
Sold Price
$675,000
Premium/Discount to List
-$55,000
-7.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.47%
Original Mortgage
$506,250
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2013
Sold by
Lamm Paula L and Suedel Mark D
Bought by
Dhaliwal Hardip S and Phan Than T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2004
Sold by
Munro Kevin E
Bought by
Lamm Paula L and Ankeny Johnath R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 1999
Sold by
Deines Kathleen Ellen
Bought by
Munro Kevin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
7.89%

Purchase Details

Closed on
Aug 31, 1999
Sold by
Clair Jeff
Bought by
Hoflin James and Hoflin Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
7.89%

Purchase Details

Closed on
Aug 27, 1999
Sold by
Munro Susan R E
Bought by
Munro Kevin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,500
Interest Rate
7.89%
Source: Public Records

Range of Values:

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Average Value
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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
Zheng Margaret $313 Chicago Title
Sutton Margaret Zheng $675,000 None Available
Dhaliwal Hardip S $400,280 Old Republic Title Ltd
Lamm Paula L $350,000 Ticor Title
Munro Kevin E $250,000 --
Hoflin James $88,000 --
Munro Kevin E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Margaret $2,697,500
Previous Owner Sutton Margaret Zheng $506,250
Previous Owner Dhaliwal Hardip S $320,000
Previous Owner Lamm Paula L $280,000
Previous Owner Munro Kevin E $237,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2019 11/18/19 Sold $675,000 -7.5% $520 / Sq Ft
10/19/2019 10/19/19 Pending -- -- --
06/27/2019 06/27/19 For Sale $730,000 -- $563 / 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 $16,635 $2,558,400 $742,100 $1,816,300
2024 $16,635 $2,043,900 $727,500 $1,316,400
2023 $7,578 $961,900 $826,900 $135,000
2022 $6,758 $697,600 $581,300 $116,300
2020 $6,750 $613,800 $508,000 $105,800
2019 $5,971 $539,600 $435,400 $104,200
2018 $7,132 $570,000 $475,800 $94,200
2017 $6,413 $531,000 $446,300 $84,700
2016 $5,552 $460,600 $378,700 $81,900
2015 $5,272 $415,300 $344,600 $70,700
2013 $5,231 $392,300 $333,000 $59,300
Source: Public Records

Agents Affiliated with this Home

  • John Stone

    Seller's Agent in 2019

    John Stone

    Real Estate Collection

    (206) 619-3213

    1 in this area

    80 Total Sales

    John Stone
    Section Image
  • Yvette Sanchez

    Buyer's Agent in 2019

    Yvette Sanchez

    Best Choice Realty Brokerage

    (206) 310-1387

    32 Total Sales

    Yvette Sanchez
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1482433

Northwest Multiple Listing Service (NWMLS)

APN: 005092-001-022-00

Washington Snohomish County Lynnwood 98087

16024 E Shore Dr, Lynnwood, WA

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Based on information submitted to the MLS GRID

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