Seller's Agent in 2016
Jeff Williams
Commencement Bay Brokers LLC
(253) 303-1135
110 Total Sales
Listed by Commencement Bay Brokers LLC, Bought with United R/E Puget Sound West
197 Raft Island Dr NW Gig Harbor, WA 98335
Estimated Value: $2,094,000 - $2,855,118
3
Beds
3
Baths
4,469
Sq Ft
$574/Sq Ft
Est. Value
Highlights
- Low Bank Waterfront Property
- Views of a Sound
- Deck
- Voyager Elementary School Rated A-
- Community Boat Launch
- Secluded Lot
About This Home
As of April 2016Designed to take full advantage of its wooded waterfront setting, this modernist masterpiece was rebuilt from the foundation up in 2008. Offering sweeping views of Henderson Bay, the main house and separate artist's loft are made of glass, steel and re-purposed wood, creating a dramatic loft-like feeling and surprisingly intimate spaces. Features include an open floor plan, vaulted ceilings, a gourmet kitchen, a main floor master suite, a wood burning fireplace and an 1,100SF wrap-around deck.
Last Agent to Sell the Property
Commencement Bay Brokers LLC License #106088 Listed on: 04/15/2016
Last Buyer's Agent
Lee Smith
United R/E Puget Sound West
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: NWM926770
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,989
Year Built
- Built in 1968
Lot Details
- Low Bank Waterfront Property
- Property Fronts a Bay or Harbor
- Secluded Lot
- Sloped Lot
Parking
- Garage
Property Views
- Views of a Sound
- Bay
- Territorial
Home Design
- Modern Architecture
- Poured Concrete
- Metal Roof
- Wood Siding
- Vinyl Construction Material
- Wood Composite
Interior Spaces
- 3 Bathrooms
- 1 Fireplace
- Partially Finished Basement
- Natural lighting in basement
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Flooring
- Softwood
- Ceramic Tile
Laundry
- Dryer
- Washer
Outdoor Features
- Tideland Water Rights
- Deck
- Patio
Utilities
- Propane
- Shared Well
- Septic System
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 4995000212
Community Details
Overview
- Raft Island Community
- The community has rules related to covenants, conditions, and restrictions
Recreation
- Community Boat Launch
- Tennis Courts
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2016
Closed on
Apr 8, 2016
Sold by
Smith J Melvin and Smith Barbara L
Bought by
Rees Don
Seller's Agent
Jeff Williams
Commencement Bay Brokers LLC
Buyer's Agent
Lee Smith
United R/E Puget Sound West
List Price
$1,212,000
Sold Price
$1,212,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,351,530
Avg. Annual Appreciation
8.26%
Original Mortgage
$969,000
Outstanding Balance
$775,212
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$1,779,461
Purchase Details
Closed on
Jan 22, 1999
Sold by
Trumbly Joseph H
Bought by
Smith J Melvin and Smith Barbara L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.63%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rees Don | $1,211,719 | Chicago Title Company Of Wa | |
| Smith J Melvin | $250,000 | Commonwealth Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rees Don | $969,000 | |
| Previous Owner | Smith J Melvin | $858,763 | |
| Previous Owner | Smith J Melvin | $850,000 | |
| Previous Owner | Smith John M | $50,000 | |
| Previous Owner | Smith J Melvin | $200,000 | |
| Closed | Smith J Melvin | $25,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2016 04/15/16 | Sold | $1,212,000 | 0.0% | $271 / Sq Ft |
| 04/15/2016 04/15/16 | For Sale | $1,212,000 | +150.2% | $271 / Sq Ft |
| 07/28/2015 07/28/15 | Sold | $484,500 | -3.0% | $244 / Sq Ft |
| 06/12/2015 06/12/15 | Pending | -- | -- | -- |
| 01/01/2015 01/01/15 | For Sale | $499,500 | -- | $252 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $18,989 | $2,271,800 | $1,173,600 | $1,098,200 |
| 2024 | $18,989 | $2,261,700 | $1,173,600 | $1,088,100 |
| 2023 | $18,989 | $2,014,800 | $1,056,200 | $958,600 |
| 2022 | $13,331 | $1,959,300 | $1,056,200 | $903,100 |
| 2021 | $14,030 | $1,288,300 | $719,800 | $568,500 |
| 2019 | $11,480 | $1,220,700 | $653,000 | $567,700 |
| 2018 | $12,245 | $1,079,000 | $617,000 | $462,000 |
| 2017 | $10,239 | $1,051,800 | $617,000 | $434,800 |
| 2016 | $8,975 | $889,400 | $495,400 | $394,000 |
| 2014 | $10,060 | $746,100 | $382,800 | $363,300 |
| 2013 | $10,060 | $810,500 | $463,000 | $347,500 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Williams
-
Mark Pinto
Seller Co-Listing Agent in 2016
Mark Pinto
Commencement Bay Brokers LLC
(253) 318-0923
100 Total Sales
-
L
Buyer's Agent in 2016
Lee Smith
United R/E Puget Sound West
-
Penny Jones
Seller's Agent in 2015
Penny Jones
Realty One Group Turn Key
(253) 677-2665
3 in this area
49 Total Sales
-
Jeremy Ritchie
Seller Co-Listing Agent in 2015
Jeremy Ritchie
Realty One Group Turn Key
(253) 225-0519
3 in this area
36 Total Sales
-
Debbie Black
Buyer's Agent in 2015
Debbie Black
Better Properties N. Proctor
(253) 229-8450
63 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: NWM926770
APN: 499500-0212
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Based on information submitted to the MLS GRID
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