Listed by Hickel Real Estate, Bought with Matrix Real Estate, LLC
NOT LISTED FOR SALE

18022 SE 250th Place Covington, WA 98042

Estimated Value: $284,000 - $730,000

0.13 Acre
$4,036,624 Price per Acre
5,471 Sq Ft Lot

Last Sold May 17, 2024

Last sale price $292,000

Est. 74% increase in value since last sale

Current estimated payment $2,887/month

18 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 5-minute walk to Covington Skate park, Mini Woodward ramps
  • Kentwood High School Rated A-
  • Cul-De-Sac

About This Lot

As of May 2024

Lot 6 is on a curve, West side is 76.34 feet deep and North property line is 75 feet wide corner lot, part of new 8 lot subdivision, currently a dead end street. Other lots are available for sale. CC&R language is proposed and is not recorded, will be recorded prior to closing with Buyer review. A 1/8 responsibility for Puget Sound Energy Street Light electricity, bill averages about $50.00 per month therefore $6.25 per lot per month Park at street entrance and walk lots, or use key box at Entrance.

Last Agent to Sell the Property

Bradley Hickel

Hickel Real Estate License #8481 Listed on: 03/10/2024

Last Buyer's Agent

Justin Holland

Matrix Real Estate, LLC License #109013

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2208760

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,491

Lot Details

  • 5,471 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Corner Lot
  • Sloped Lot
  • Zoning described as R-4

Schools

  • Crestwood Elementary School
  • Mattson Middle School
  • Kentwood High School

Community Details

  • No Home Owners Association
  • Association fees include common area maintenance
  • Shadow Creek Subdivision Condos
  • Covington Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 7702060060

Property Details

Property Type

Land

Est. Annual Taxes

$2,491

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Shadow Creek Subdivision
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Corners Flagged
  • Restrictions: CC&R
  • Improvements: Fenced-Partially
  • AssessmentFees: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Lot Features: Corner Lot, Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
  • Road Surface Type: Paved
  • View: No
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Paved
  • RoadOnWhichSide: Front & East side
  • WaterJurisdiction: Covington Water District

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: On Property
  • Water Source: On Property
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: Yes
  • Utilities: Common Area Maintenance, Electricity Connected, Natural Gas Available, See Remarks
  • ElectricityStatus: On Property
  • GasStatus: On Property

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association: No

Fee Information

  • Association Fee Includes: Common Area Maintenance, See Remarks
  • NWM_OtherDuesOrFeesYN: true

Schools

  • Junior High Dist: Kent
  • High School: Kentwood High
  • Middle Or Junior School: Mattson Middle

Lot Info

  • Parcel Number: 7702060060
  • Topography: Sloped
  • Lot Size Acres: 0.1256
  • Lot Size Sq Ft: 5471
  • Zoning Description: R-4
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Engineer
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 6
  • SlopeComment: North, Backyard

Tax Info

  • Year: 2024
  • Tax Annual Amount: 2490.57

MLS Schools

  • Elementary School: Crestwood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2024
Closed on
May 9, 2024
Sold by
Shadow Creek Subdivision Llc
Bought by
Rm Homes Llc
Seller's Agent
Bradley Hickel
Hickel Real Estate
Buyer's Agent
Justin Holland
Matrix Real Estate, LLC
List Price
$295,000
Sold Price
$292,000
Premium/Discount to List
-$3,000
-1.02%
Views
13
Current Estimated Value
$507,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,000
Avg. Annual Appreciation
42.43%
Original Mortgage
$2,341,500
Interest Rate
6.82%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rm Homes Llc $846,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rm Homes Llc $2,341,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2024 05/17/24 Sold $292,000 -1.0% --
03/28/2024 03/28/24 Pending -- -- --
03/10/2024 03/10/24 For Sale $295,000 -- --
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 $2,650 $291,000 $291,000 --
2023 $2,491 $260,000 $260,000 --
2022 -- -- -- --
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2208760

Northwest Multiple Listing Service (NWMLS)

APN: 770206-0060