Listed by The Amber Bills Group, Bought with Windermere Real Estate/East
NOT LISTED FOR SALE

21674 SE 262nd Place Maple Valley, WA 98038

Estimated Value: $694,000 - $951,639

2 Beds
1 Bath
1,240 Sq Ft
$668/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $775,000 $625 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,301/month

45 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Second Kitchen
  • Lake View
  • Lake Wilderness Elementary School Rated A
  • RV Access or Parking
  • 0.39 Acre Lot

About This Home

As of February 2024

Welcome to Lakefront Paradise in Maple Valley! A rare gem awaits - 150 feet of Lake Lucerne frontage, boasting two dwellings with tons of potential. The main chalet-style home offers vaulted ceilings and panoramic windows, inviting the serenity of the lake indoors. Enjoy two main floor bedrooms and an open great room, while the second level offers versatile bonus space to tailor to your desires. But wait, there's more! An additional 747-square-foot dwelling stands ready to fulfill your dreams - whether as a private office, guest retreat, or a canvas for your imagination. This is more than a home; it's an opportunity to embrace lakeside living at its finest. Don't miss out on this extraordinary chance to claim your slice of paradise.

Last Agent to Sell the Property

Amber Bills

The Amber Bills Group License #25546 Listed on: 12/05/2023

Last Buyer's Agent

Tamara Dean

Windermere Real Estate/East License #12107

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2183605

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,674

Year Built

  • Built in 1939

Lot Details

  • 0.39 Acre Lot
  • Low Bank Waterfront Property
  • 150 Feet of Waterfront
  • Lake Front
  • Level Lot
  • Garden
  • Property is in average condition
  • Zoning described as R6

Property Views

  • Lake
  • Territorial

Home Design

  • A-Frame Home
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,240 Sq Ft Home
  • 1.5-Story Property
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Loft
  • Storm Windows

Kitchen

  • Second Kitchen
  • Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Bathroom

Parking

  • Driveway
  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Deck

Additional Homes

  • 747 SF Accessory Dwelling Unit
  • ADU includes 1 Bedroom and 1 Bathroom

Schools

  • Lake Wilderness Elementary School
  • Maple View Middle School
  • Tahoma Snr High School

Utilities

  • Baseboard Heating
  • Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Pipe Lake/Lake Lucerne Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,674

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 11 - 1 1/2 Story
  • Year Built: 1939
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwasher,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: A-Frame
  • Building Name: Pipe Lake & Lake Lucerne
  • New Construction: No
  • CalculatedSquareFootage: 1987
  • SeniorExemption: false
  • SOCComments: Thank you for showing!
  • AccessoryDwellingUnit: DetachedDwelling
  • DetachedDwellingSqFtFinished: 747
  • NWM_ExcludedItemsYN: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2183605?w=Consumer&agent=50729
  • Special Features: None

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Refrigerator, Stove/Range
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet, Second Kitchen, Double Pane/Storm Window, Loft, Skylight(s), Vaulted Ceiling(s), Water Heater
  • Living Area: 1240
  • Main Level Bedrooms: 2
  • Bathrooms: 0.75
  • BathsFullMain: 0
  • SquareFootageFinished: 1240
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Refrigerator,Stove/Range
  • ADUBaths: 1
  • ADUBeds: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Composition
  • View: Lake, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront Features: Bank-Low, Lake, No Bank
  • Waterfront: Yes
  • Exterior Features: Wood
  • Foundation Details: Post & Block
  • Property Condition: Average
  • Structure Type: House
  • ConstructionMethods: Standard Frame
  • WaterfrontFootage: 150

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: RV Parking, Driveway, Off Street

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Soos Creek
  • WaterCompany: Covington Water District
  • WaterHeaterLocation: Laundry
  • WaterHeaterType: Electric
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tahoma
  • High School: Tahoma Snr High
  • Middle Or Junior School: Maple View Middle School

Lot Info

  • Parcel Number: 6807600075
  • Topography: Level,PartialSlope
  • Land Lease: No
  • Lot Size Acres: 0.3932
  • Lot Size Sq Ft: 17129
  • Zoning Description: R6
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet,RV Parking
  • MLSLotSizeSource: King county tax records
  • MLSSquareFootageSource: King county tax records
  • LotNumber: 15-16

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7674

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Lake Wilderness Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2023
Closed on
Feb 23, 2024
Sold by
Gerard M Shellan Declaration Of Trust
Bought by
Stuart Ethan and Dean-Baker Raegan
Seller's Agent
Amber Bills
The Amber Bills Group
Buyer's Agent
Tamara Dean
Windermere Real Estate/East
List Price
$825,000
Sold Price
$775,000
Premium/Discount to List
-$50,000
-6.06%
Views
473
Current Estimated Value
$828,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,410
Avg. Annual Appreciation
4.20%
Original Mortgage
$736,250
Outstanding Balance
$723,214
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$105,196

Purchase Details

Closed on
Mar 23, 2017
Sold by
Shellan Gerard M
Bought by
Sthellan Kenneth Bradley

Purchase Details

Closed on
Apr 18, 2003
Sold by
Pacific Beach Mortgage Co Inc
Bought by
Powerstone Ltd Inc
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
Stuart Ethan $775,000 Stewart Title
Sthellan Kenneth Bradley -- None Available
Powerstone Ltd Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stuart Ethan $736,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $775,000 -2.5% $625 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
01/03/2024 01/03/24 Price Changed $795,000 -3.6% $641 / Sq Ft
12/05/2023 12/05/23 For Sale $825,000 -- $665 / 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 $10,910 $992,000 $825,000 $167,000
2023 $7,674 $719,000 $404,000 $315,000
2022 $7,132 $817,000 $460,000 $357,000
2021 $6,607 $632,000 $384,000 $248,000
2020 $5,741 $536,000 $384,000 $152,000
2018 $6,054 $498,000 $357,000 $141,000
2017 $5,241 $450,000 $271,000 $179,000
2016 $5,328 $403,000 $243,000 $160,000
2015 $5,197 $378,000 $226,000 $152,000
2014 -- $359,000 $214,000 $145,000
2013 -- $288,000 $182,000 $106,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2183605

Northwest Multiple Listing Service (NWMLS)

APN: 680760-0075