Listed by RE/MAX Eastside Brokers, Inc., Bought with Gage CRE
NOT LISTED FOR SALE

1661 NE 16th Ave Unit I Oak Harbor, WA 98277

Estimated Value: $510,000 - $816,166

8 Beds
4 Baths
3,502 Sq Ft
$190/Sq Ft Est. Value

Last Sold June 30, 2016

Last sale price $375,000 $107 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,116/month

164 Days on Market

About This Home

As of June 2016

Oak Harbor opportunity! One of 6 currently available 4 plex buildings in condominium development. All units have 2 bedrooms, 1 full bath and 825 square feet. Open floor plans with full size deck and patio make these attractive rentals. Private utility areas, generous closet and additional storage space. Kitchens have lots of cabinet space, prep and eating bar. One assigned parking space per unit, plus additional guest parking. Historically low vacancy rates.

Last Agent to Sell the Property

Kai Rainey

RE/MAX Eastside Brokers, Inc. License #18519 Listed on: 09/28/2015

Co-Listed By

Shawn McNeal

RE/MAX Eastside Brokers, Inc. License #91904

Last Buyer's Agent

Greg Martineau

Gage CRE License #50951

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 853388

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,505

Year Built

  • Built in 2003

Lot Details

  • 10,625

Home Design

  • Quadruplex
  • Shake Roof
  • Wood Composite

Interior Spaces

  • 3,502 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • 10,625 Sq Ft Lot

Community Details

  • Harbor Terrace Village Condos
  • Oak Harbor Subdivision

Listing and Financial Details

  • Assessor Parcel Number S7088000000I0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,505

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2003
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Harbor Terrace Village
  • New Construction: No
  • CalculatedSquareFootage: 3502
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Subject to court approval.
  • Special Features: None
  • Cumulative Days on Market: 528

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Cedar Shake
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric
  • SewerCompany: City of Oak Harbor
  • WaterCompany: City of Oak Harbor
  • WaterSewerGarbage: 6000

Schools

  • Junior High Dist: Oak Harbor

Lot Info

  • Parcel Number: S7088000000I0
  • Lot Size Acres: 0.2439
  • Lot Size Sq Ft: 10625
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3000

Multi Family

  • Gross Scheduled Income: 38400
  • Net Operating Income: 21511
  • Number Of Units Total: 4
  • Electric Expense: 200
  • Insurance Expense: 1584
  • Leasable Area: 3400
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2015
  • Tax Annual Amount: 4505

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2015
Closed on
Jun 28, 2016
Sold by
Klein Michael P and Bankruptcy Estate Of George &
Bought by
Oh-44 Llc
Seller's Agent
Kai Rainey
RE/MAX Eastside Brokers, Inc.
Buyer's Agent
Greg Martineau
Gage CRE
List Price
$375,000
Sold Price
$375,000
Current Estimated Value
$666,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,042
Avg. Annual Appreciation
6.47%
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
Oh-44 Llc $1,725,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Churchill George B $300,000
Previous Owner Churchill George B $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2016 06/30/16 Sold $375,000 0.0% $107 / Sq Ft
03/11/2016 03/11/16 Pending -- -- --
09/28/2015 09/28/15 For Sale $375,000 -- $107 / 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 $5,927 $696,729 $175,000 $521,729
2023 $5,927 $702,783 $175,000 $527,783
2022 $6,037 $643,059 $175,000 $468,059
2021 $5,888 $563,296 $150,000 $413,296
2020 $4,187 $547,624 $145,000 $402,624
2019 $3,714 $385,310 $80,000 $305,310
2018 $4,395 $371,160 $65,000 $306,160
2017 $4,158 $387,232 $79,371 $307,861
2016 $4,362 $389,943 $79,371 $310,572
2015 -- $393,447 $79,371 $314,076
2013 -- $400,461 $79,371 $321,090
Source: Public Records

Agents Affiliated with this Home

  • Kai Rainey

    Seller's Agent in 2016

    Kai Rainey

    RE/MAX

    (206) 681-9670

    51 Total Sales

    Kai Rainey
    Section Image
  • Shawn McNeal

    Seller Co-Listing Agent in 2016

    Shawn McNeal

    RE/MAX

    (360) 929-6650

    17 Total Sales

    Shawn McNeal
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 853388

Northwest Multiple Listing Service (NWMLS)

APN: S7088-00-0000I-0

Washington Island County Oak Harbor 98277

1661 NE 16th Ave Unit I, Oak Harbor, WA

This home is located at 1661 NE 16th Ave Unit I, Oak Harbor, WA 98277 since 28 September 2015 and is currently estimated at $666,042, approximately $190 per square foot. This property was built in 2003. 1661 NE 16th Ave Unit I is a home located in Island County with nearby schools including Crescent Harbor Elementary School, North Whidbey Middle School, and Oak Harbor High 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

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