Listed by Gig Harbor Real Estate, Bought with Gig Harbor Real Estate
NOT LISTED FOR SALE

2311 197th Avenue Kp S Lakebay, WA 98349

Estimated Value: $299,000 - $363,883

1 Bed
1 Bath
755 Sq Ft
$437/Sq Ft Est. Value

Last Sold January 02, 2018

Last sale price $36,324 $48 Per Sq Ft

Est. 808% increase in value since last sale

Current estimated payment $1,980/month

53 Days on Market

Highlights

  • Wooded Lot
  • 1 Fireplace
  • Level Lot
  • Wood Flooring
  • Brush Vegetation

About This Home

As of January 2018

Major fixer in Palmer Lake. Nice lot, good value. Home is being sold-as-is.

Last Agent to Sell the Property

Paul Elkins

Gig Harbor Real Estate License #10542 Listed on: 10/13/2017

Last Buyer's Agent

Josh Jacobsen

Gig Harbor Real Estate License #119032

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1207046

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,376

Year Built

  • Built in 1976

Lot Details

  • Brush Vegetation
  • Level Lot
  • Wooded Lot

Home Design

  • Slab Foundation
  • Poured Concrete
  • Shake Roof
  • Wood Composite

Interior Spaces

  • 1 Fireplace

Flooring

  • Wood
  • Concrete
  • Vinyl

Utilities

  • The lake is a source of water for the property
  • Septic System

Community Details

  • Palmer Lake Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 666120-171-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,376

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 11 - 1 1/2 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Senior Exemption: Y
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fan(s), Dining Room, Loft
  • Floor Covering: Concrete, Hardwood, Vinyl
  • Approved Number of Bedrooms: 1
  • Bedrooms: 1.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 1.00
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Living Room: Main
  • Estimated Sq Ft: 755
  • Square Footage Finished: 755

Exterior Features

  • Exterior: Wood Products
  • Foundation: Poured Concrete, Slab
  • Roof: Cedar Shake

Utilities

  • Heating And Cooling: Baseboard
  • Power Company: Peninsula Light
  • Septic Approved for Number of Bedrooms: 1
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: Washington Water
  • Water Heater: Outside-Electric
  • Water Source: Lake

Condo/Co-op/Association

  • HOA Fees: 12
  • Community Name: Palmer Lake
  • Community Features: CCRs

Schools

  • Elementary School: Evergreen Elem
  • Middle School: Key Peninsula Mid
  • High School: Peninsula High
  • School District: PEN

Lot Info

  • Lot Details: Paved Street
  • Lot Dimensions: 10250
  • Lot Sq Ft: 10250
  • Lot Topography Vegetation: Brush, Level, Wooded
  • Parcel Number: 666120-171-0
  • Zoning Jurisdiction: County
  • Lot Topography: Brush, Level, Wooded

Tax Info

  • Tax Amount: 162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2019
Sold by
Degroot John and All Phases Building
Bought by
Grimmett Genee M
Current Estimated Value
$329,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,900
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 15, 2018
Sold by
Jacobsen Joshua and Jacobsen Emily
Bought by
Degroot John and All Phases Building

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,750
Interest Rate
4.5%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Oct 13, 2017
Closed on
Jan 2, 2018
Sold by
Donn Michael B and Donn Revocable Trust
Bought by
Jacobsen Emily and Jacobsen Joshua
Seller's Agent
Paul Elkins
Gig Harbor Real Estate
Buyer's Agent
Josh Jacobsen
Gig Harbor Real Estate
List Price
$50,000
Sold Price
$36,325
Premium/Discount to List
-$13,675
-27.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.73%
Interest Rate
3.99%

Purchase Details

Closed on
Jun 20, 2013
Sold by
Donn Michael B
Bought by
Donn Michael B and The Michael B Donn Revocable Trust

Purchase Details

Closed on
Jul 17, 1995
Sold by
Henneman Dennis L and Henneman Doreen P
Bought by
Donn Michael B

Purchase Details

Closed on
Mar 17, 1994
Sold by
Bauer Michael C
Bought by
Diamond Partnership
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
Grimmett Genee M $225,000 Wfg Natl Ttl Co Of Wa Llc
Degroot John $68,719 Fidelity National Title
Jacobsen Emily $646 --
Donn Michael B -- None Available
Donn Michael B $50,000 --
Diamond Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grimmett Genee M $52,400
Closed Grimmett Genee M $7,900
Open Grimmett Genee M $220,899
Previous Owner Degroot John $125,519
Previous Owner Degroot John $51,750
Previous Owner Jacobsen Emily --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2018 01/02/18 Sold $36,325 -27.4% $48 / Sq Ft
12/07/2017 12/07/17 Pending -- -- --
11/30/2017 11/30/17 For Sale $50,000 0.0% $66 / Sq Ft
11/08/2017 11/08/17 Pending -- -- --
11/03/2017 11/03/17 Price Changed $50,000 -27.5% $66 / Sq Ft
10/14/2017 10/14/17 For Sale $69,000 -- $91 / 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 $2,376 $272,800 $111,200 $161,600
2024 $2,376 $260,000 $117,300 $142,700
2023 $2,376 $253,400 $117,300 $136,100
2022 $2,186 $249,400 $106,200 $143,200
2021 $1,958 $173,000 $56,700 $116,300
2019 $695 $148,600 $39,200 $109,400
2018 $1,229 $54,000 $30,900 $23,100
2017 $162 $94,800 $28,100 $66,700
2016 $28 $68,400 $22,100 $46,300
2014 $55 $58,000 $18,000 $40,000
2013 $55 $51,700 $17,300 $34,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1207046

Northwest Multiple Listing Service (NWMLS)

APN: 666120-1710