NOT LISTED FOR SALE

16508 W Lakeside Dr Medical Lake, WA 99022

Estimated Value: $324,000 - $406,099

3 Beds
2 Baths
2,008 Sq Ft
$183/Sq Ft Est. Value

Last Sold April 22, 2024

Last sale price $325,000 $162 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,232/month

29 Days on Market

Highlights

  • Beach Front
  • Boat Ramp
  • Secluded Lot
  • Deeded Waterfront Access Rights
  • RV Access or Parking
  • Territorial View

About This Home

As of April 2024

New Deck! Welcome to your opportunity of dream home potential! Nestled in the Silver Lake Addition, this traditional multi-level home offers a unique investment for those seeking a project for their return in sweat equity! With many of its original features untouched, this home is a blank canvas awaiting your personal touch and design aspirations. The spacious living areas are spread across multiple levels, providing a sense of privacy and separation with large living spaces for coming together. This property comes with the added benefit of optional deeded beach access to Silver Lake, allowing you to enjoy the lake lifestyle just moments from your doorstep. This rare find is waiting for its next chapter. Don't miss the chance to turn this property into the home of your dreams!

Last Agent to Sell the Property

Jennifer Shupe

Real Estate Marketplace NW,Inc License #25755 Listed on: 02/14/2024

Last Buyer's Agent

Michelle Matiska

Realty One Group Eclipse License #21000905

Realty One Group Eclipse

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $419

Year Built

  • Built in 1978

Lot Details

  • 0.27 Acre Lot
  • Beach Front
  • Fenced Yard
  • Cross Fenced
  • Secluded Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • RV Access or Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 2,008 Sq Ft Home
  • Wood Burning Fireplace
  • Territorial Views
  • Partially Finished Basement
  • Workshop

Kitchen

  • Free-Standing Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • Boat Ramp
  • Patio
  • Shed

Schools

  • Medical Lake Middle School
  • Medical Lk High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Community Details

  • Strathview On Silver Lake Addition Subdivision
  • Community Deck or Porch

Listing and Financial Details

  • Assessor Parcel Number 14213.0416

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$419

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1978
  • Property Sub-Type: Residential
  • PropertyType: Residential
  • ResoLotFeatures: Fenced Yard, Cross Fncd, Level, CC & R, Fencing
  • Lot Size Acres: 0.27
  • Road Frontage Type: City Street, Gravel
  • View Type:Pond View: Territorial
  • Water Body Name: Silver Lk
  • Reso Association Amenities: Deck, Patio
  • Co List Office Phone: (509) 276-5445
  • MLS Status: Sold
  • Subdivision Name: Strathview on Silver Lake Addition
  • Architectural Style: Traditional
  • Reso Fireplace Features: Woodburning Fireplce
  • Reso Interior Features: Vinyl, Multi Pn Wn
  • New Construction: No
  • Reso Structure Type: Four Level
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Partially Finished, Rec/Family Area, Laundry, Walk-Out Access, Workshop
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement YN: Yes
  • Total Bedrooms: 3
  • Fireplaces: 1

Exterior Features

  • Roof: Composition Shingle
  • Waterfront Features: Sec Lot, Beach Front, Beach Access, Deeded Access, Boat Ramp
  • Construction Type: Vinyl Siding
  • Other Structures: Shed(s)

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, RV Parking

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Electric, Baseboard

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Medical Lake
  • High School: Medical Lk
  • Middle Or Junior School: Medical Lake

Lot Info

  • Parcel Number: 14213.0416
  • Lot Size Sq Ft: 11761
  • Additional Parcels: No

Tax Info

  • Tax Annual Amount: 419

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
Apr 22, 2024
Sold by
Boot Mary A
Bought by
Delgado Gilberto Hernandez and Hubbard Lydia Kaytlynn
Seller's Agent
Jennifer Shupe
Real Estate Marketplace NW,Inc
Buyer's Agent
Michelle Matiska
Realty One Group Eclipse
List Price
$349,990
Sold Price
$325,000
Premium/Discount to List
-$24,990
-7.14%
Views
173
Current Estimated Value
$367,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,025
Avg. Annual Appreciation
10.88%
Original Mortgage
$319,113
Outstanding Balance
$315,220
Interest Rate
6.88%
Mortgage Type
FHA
Estimated Equity
$57,639
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
Delgado Gilberto Hernandez $385,185 Vista Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delgado Gilberto Hernandez $319,113
Closed Delgado Gilberto Hernandez $12,764
Previous Owner Boot Mary A $64,000
Previous Owner Boot Mary A $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2024 04/22/24 Sold $325,000 -4.1% $162 / Sq Ft
03/14/2024 03/14/24 Pending -- -- --
03/08/2024 03/08/24 Price Changed $339,000 -3.1% $169 / Sq Ft
02/14/2024 02/14/24 For Sale $349,990 -- $174 / Sq Ft
Source: Spokane Association of REALTORS®

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 $2,792 $300,700 $70,000 $230,700
2024 $2,792 $308,200 $70,000 $238,200
2023 $419 $308,200 $70,000 $238,200
2022 $333 $299,300 $65,000 $234,300
2021 $348 $260,900 $35,000 $225,900
2020 $366 $216,300 $25,000 $191,300
2019 $356 $195,500 $25,000 $170,500
2018 $373 $157,800 $25,000 $132,800
2017 $388 $153,300 $25,000 $128,300
2016 $398 $136,700 $17,000 $119,700
2015 $607 $130,700 $11,000 $119,700
2014 -- $123,700 $11,000 $112,700
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202411764

Spokane Association of REALTORS®

APN: 14213.0416