NOT LISTED FOR SALE

183 Cedar Ln NW Gig Harbor, WA 98335

Estimated Value: $2,676,000 - $3,851,000

2 Beds
2 Baths
3,902 Sq Ft
$828/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $2,610,000 $669 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $19,474/month

3 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Waterfront Community
  • Docks
  • Voyager Elementary School Rated A-
  • Views of a Sound
  • Community Boat Launch

About This Home

As of May 2021

The sound of flowing water graces the entry courtyard of this waterfront gem. Beveled glass doors open to floor-to-ceiling views that fill a circular 2-storied window wall. Nestled on 100 ft of low bank frontage, this property includes a private deep-water dock & year-round moorage. Quality & inspired design is reflected throughout, with a gourmet kitchen, master on main, elegant staircase & soaring stone fireplace. Great space for any need, with office, multi-use areas, covered outdoor dining areas & fenced yard. Huge potential waits in the detached garage with its 28’x44’ workshop & studio above. From the dock, set sail to explore the Sound or enjoy water sports. Comes with a laid-back Raft Island lifestyle & is just 5 miles from town.

Last Agent to Sell the Property

Joe Sanchez

Coldwell Banker Bain License #71719 Listed on: 03/12/2021

Coldwell Banker Bain

Co-Listed By

Lynn Macgougan

Paramount Real Estate Group License #24050

Last Buyer's Agent

Hannah Ranch

Keller Williams Realty PS License #122064

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1736450

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,438

Year Built

  • Built in 1983

Lot Details

  • Low Bank Waterfront Property
  • Street terminates at a dead end
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System
  • Garden

Parking

  • Detached Garage

Property Views

  • Views of a Sound
  • Territorial Views

Home Design

  • Northwest Architecture
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 2 Bathrooms
  • 3 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Tideland Water Rights
  • Bulkhead
  • Docks
  • Deck
  • Patio
  • Outbuilding

Utilities

  • Septic System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 499500-100-0

Community Details

Overview

  • Raft Island Community
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Boat Launch
  • Waterfront Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,438

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Nw Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Fireplace In Mstr Br, French Doors, Security System, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Double Oven, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 2
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 1
  • Bathrooms: 2.50
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Three Quarter Bathrooms Lower: 1
  • Master Bedroom: Main
  • Fireplaces: 3
  • Fireplaces Main: 1
  • Fireplaces Lower: 2
  • Basement: Daylight, Fully Finished
  • Den or Office: Main
  • Family Room: Main
  • Living Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3902
  • Square Footage Finished: 3902

Exterior Features

  • Exterior: Cement Planked, Wood
  • Foundation: Poured Concrete, Slab
  • Roof: Composition
  • View: Sound, Territorial
  • Waterfront: Bank-Low, Bulkhead, Sound, Tideland Rights
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Type: Garage-Detached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Forced Air, Heat Pump, Radiant
  • Power Company: Peninsula Light/PSE
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Washington Water
  • Water Heater: Family Room Closet-Tankless
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 165
  • Community Name: Raft Island
  • Project: Kuhn's Raft Island
  • Community Features: Boat Launch, CCRs, Community Waterfront/Pvt Beach, Tennis Courts, K

Schools

  • Elementary School: Voyager Elem
  • Middle School: Kopachuck Mid
  • High School: Gig Harbor High
  • School District: PEN

Lot Info

  • Lot Details: Dead End Street, Paved Street
  • Lot Sq Ft: 31000
  • Lot Topography Vegetation: Garden Space, Level, Partial Slope, Terraces
  • Parcel Number: 499500-100-0
  • Zoning Jurisdiction: County
  • Lot Topography: Garden Space, Level, Partial Slope, Terraces

Tax Info

  • Tax Amount: 14615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
May 18, 2021
Sold by
Bear Lance L and Bear Linda
Bought by
Ranch Revocable Trust
Seller's Agent
Joe Sanchez
Coldwell Banker Bain
Buyer's Agent
Hannah Ranch
Keller Williams Realty PS
List Price
$2,500,000
Sold Price
$2,610,000
Premium/Discount to List
$110,000
4.4%
Current Estimated Value
$3,230,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$620,881
Avg. Annual Appreciation
6.22%
Original Mortgage
$0
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2009
Sold by
Goodale Gary L
Bought by
Bear Lance L and Pai Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2005
Sold by
Goodale Gale C
Bought by
Goodale Gary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 20, 2003
Sold by
Goodale Gary L
Bought by
Goodale Gary L and Goodale Gale C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,000
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Ranch Revocable Trust -- None Listed On Document
Bear Lance L $1,900,000 Rainier Title
Goodale Gary L -- None Available
Goodale Gary L -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ranch Dennis $1,960,000
Previous Owner Ranch Revocable Trust $0
Previous Owner Bear Lance L $925,000
Previous Owner Bear Lance L $1,000,000
Previous Owner Bear Lance L $1,000,000
Previous Owner Bear Lance L $1,425,000
Previous Owner Goodale Gary L $0
Previous Owner Goodale Gary L $227,900
Previous Owner Goodale Gary L $100,000
Previous Owner Goodale Gary L $100,000
Previous Owner Goodale Gary L $381,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2021 05/20/21 Sold $2,610,000 +4.4% $669 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $2,500,000 -- $641 / 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 $22,438 $2,673,600 $1,148,400 $1,525,200
2024 $22,438 $2,659,900 $1,148,400 $1,511,500
2023 $22,438 $2,383,500 $1,033,500 $1,350,000
2022 $13,987 $2,288,600 $1,033,500 $1,255,100
2021 $14,615 $1,342,500 $704,300 $638,200
2019 $12,494 $1,240,600 $640,900 $599,700
2018 $13,312 $1,175,500 $605,500 $570,000
2017 $11,207 $1,144,500 $605,500 $539,000
2016 $9,964 $976,500 $486,200 $490,300
2014 $10,886 $829,400 $375,700 $453,700
2013 $10,886 $884,700 $457,300 $427,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1736450

Northwest Multiple Listing Service (NWMLS)

APN: 499500-1000