NOT LISTED FOR SALE

Estimated Value: $181,000 - $228,000

0.52 Acre
$393,269 Price per Acre
22,651 Sq Ft Lot

Last Sold November 07, 2017

Last sale price $112,000

Est. 83% increase in value since last sale

Current estimated payment $1,259/month

10 Days on Market

Highlights

  • Views of a Sound
  • Secluded Lot
  • Lot Has A Rolling Slope
  • Catharine Blaine K-8 Rated A-

About This Lot

As of November 2017

This 75' wide waterfront lot is one of 9 that are for sale. We have sold 4 lots to date. 2 of which sold to builder/developers. There are (4) 75 ft. wide lots totaling 300' frontage for sale for $375,000. If you are thinking of building on these lots, it will take a lot of work , money and knowledge including, but not limited to bringing road back in and stabilizing the property. Other possible uses include as-is recreational sites. What's your idea? https://youtu.be/JIRxXrUFnSo

Last Agent to Sell the Property

Dave Reith

Windermere Real Estate Midtown License #20044 Listed on: 09/12/2017

Windermere Real Estate Midtown

Last Buyer's Agent

Dave Reith

Windermere Real Estate Midtown License #20044 Listed on: 09/12/2017

Windermere Real Estate Midtown

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1192750

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,427

Lot Details

  • Street terminates at a dead end
  • Vegetated Swale
  • Secluded Lot
  • Lot Has A Rolling Slope

Property Views

  • Views of a Sound
  • City
  • Mountain

Listing and Financial Details

  • Assessor Parcel Number 7786900050

Community Details

Overview

  • Magnolia Community

Recreation

  • Bulkhead

Property Details

Property Type

Land

Est. Annual Taxes

$1,427

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Brush, Evergreens, Lightly Treed, Recreational
  • Style: 40 - Res-Less Thn 1 Ac
  • Restrictions: Unknown
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Level: some places

Exterior Features

  • View: City, Mountain, Sound
  • Waterfront: Bank-Medium, Bulkhead
  • Waterfront Frontage: 75
  • Water Jurisdiction: City

Utilities

  • Electricity: Available
  • Gas Available: Not Available
  • Sewer: Available
  • Water: Available

Condo/Co-op/Association

  • Community Name: Magnolia
  • Project: Shurick Ext Carleton Park

Schools

  • School District: SEA

Lot Info

  • Lot Number: 11
  • Easements: Not sure
  • General Zoning Classification: Residential
  • Lot Details: Dead End Street, Secluded
  • Lot Sq Ft: 22500
  • Parcel Number: 7786900050
  • Slopeof Property: Southwest waterfront
  • Topography: Rolling, Sloped, Swale
  • Zoning Jurisdiction: City
  • Zoning Remarks: SF 7200

Tax Info

  • Tax Amount: 824

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2017
Closed on
Nov 29, 2017
Sold by
Perkins Lane Properties Llc
Bought by
2Thesound Llc
Seller's Agent
Dave Reith
Windermere Real Estate Midtown
Buyer's Agent
Dave Reith
Windermere Real Estate Midtown
List Price
$125,000
Sold Price
$112,000
Premium/Discount to List
-$13,000
-10.4%
Current Estimated Value
$204,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,500
Avg. Annual Appreciation
7.16%
Original Mortgage
$84,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 12, 2017
Closed on
Oct 26, 2017
Sold by
Perkins Lane Properties Llc
Bought by
Reimers Michael and Sleight Shelby
Seller's Agent
Dave Reith
Windermere Real Estate Midtown
Buyer's Agent
Dave Reith
Windermere Real Estate Midtown
List Price
$125,000
Sold Price
$112,000
Premium/Discount to List
-$13,000
-10.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2012
Sold by
Beach Aviva
Bought by
Perkins Lane Properties Llc

Purchase Details

Closed on
Oct 21, 2010
Sold by
Beach Avica and Brown Aviva
Bought by
Burg William J and Burg Margaret K

Purchase Details

Closed on
Jun 18, 2010
Sold by
Morgan Bluff Restoration & Development L
Bought by
Beach Aviva and Leo And Elizabeth Silverman Family Trust

Purchase Details

Closed on
Apr 11, 2006
Sold by
Burg William J and Burg Margaret K
Bought by
Magnolia Bluff Restoration & Development

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 1995
Sold by
Silverman Leo H and Silverman Elizabeth C
Bought by
Silverman Leo H and Silverman Elizabeth C
Source: Public Records

Similar Properties in Seattle, WA

  • 123 47th Ave S, Seattle, WA 98178

    $150,000

    • Land
    • 0.48 Acre
    • $312,500 per Acre
    • 123 47th Ave S
    • Seattle, WA

    Prime LDR-zoned location near Seattle and Southcenter. Convenient access, close to amenities, with plenty of developing real estate in a thriving and growing area. Ideal for building your dream home, holding for the future or potential development. 2 separate parcels, each with 10,530 square feet. Second parcel # is 687420-0416. Buyer and agent to conduct their own due diligence.

    Greg Church eXp Realty

    Section Image
  • 12034 56th Place S, Seattle, WA 98178

    $175,000

    • Land
    • 0.43 Acre
    • $406,977 per Acre
    • 12034 56th Place S
    • Seattle, WA

    Nestled in a well-established neighborhood, this spot lot offers a fantastic opportunity to build your dream home. Imagine enjoying potential views of the Olympics and the serene valley right from your doorstep. Utilities, including water, sewer, power, and natural gas, are conveniently located at the street, making your vision even closer to reality. With easy access to freeways, schools,

    Lisa Davis Marketplace Sotheby's Intl Rty

    Section Image
  • 12038 56th Place S, Seattle, WA 98178

    $195,000

    • Land
    • 0.4 Acre
    • $487,500 per Acre
    • 12038 56th Place S
    • Seattle, WA

    Prime parcel of land just south of 12030 56th Ave S, elevated from the street and mostly cleared. Utilities (water, sewer, electricity) are at the street, and the seller has secured a letter of availability. Located on a quiet, low-traffic street, yet close to major transportation routes and shopping centers, zoning code is R6. This is an excellent development site to obtaining a building permit,

    Molly Haines Real Broker LLC

    Section Image

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
2Thesound Llc $291,000 First American Title Ins Co
Reimers Michael $112,000 First American
Perkins Lane Properties Llc -- None Available
Perkins Land Properties Llc -- None Available
Burg William J $20,000 None Available
Beach Aviva $699,249 None Available
Magnolia Bluff Restoration & Development $750,000 Fidelity Natio
Silverman Leo H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Reimers Michael $84,000
Previous Owner Magnolia Bluff Restoration & Development $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2017 11/07/17 Sold $112,000 -10.4% --
09/28/2017 09/28/17 Pending -- -- --
09/17/2017 09/17/17 For Sale $125,000 -- --
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 $1,427 $94,000 $94,000 --
2023 $1,545 $106,000 $106,000 $0
2022 $1,582 $106,000 $106,000 $0
2021 $1,600 $106,000 $106,000 $0
2020 $1,605 $106,000 $106,000 $0
2018 $482 $112,000 $112,000 $0
2017 $824 $500 $500 $0
2016 $743 $1,000 $1,000 $0
2015 $664 $1,000 $1,000 $0
2014 -- $1,000 $1,000 $0
2013 -- $1,000 $1,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1192750

Northwest Multiple Listing Service (NWMLS)

APN: 778690-0050