NOT LISTED FOR SALE

Estimated Value: $1,294,000 - $4,145,289

3.87 Acres
$594,168 Price per Acre
168,577 Sq Ft Lot

Last Sold June 07, 2024

Last sale price $8,900,000 $3,436 Per Sq Ft

Current estimated payment $13,548/month

23 Days on Market

About This Lot

As of June 2024

This is the development opportunity you've been waiting for!! Situated adjacent to Lockwood Elementary, this approx. 3.87 acre assemblage of properties affords prospective builder buyers the perfect blend of location, zoning and scale to create the newest luxury residential development project in this highly sought-after market area. Land is at an extreme minimum in Bothell and you won’t find another opportunity like this currently available for sale! Potential for a solid Planned Residential Development inside the Snohomish County jurisdiction with other development options available under the R-9600 zoning. Listing consists of 4 properties (24121 Locust Way, 24117 Locust Way, 24102 Lockwood Rd and Sno. County parcel #: 00374100600101).

Last Listed By

Chris Foster

Primestreet Real Estate LLC License #24758 Listed on: 04/18/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1916792

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,851

Year Built

  • 1996

Lot Details

  • 3.87 Acre Lot

Schools

  • Lockwood Elementary School

Community Details

  • No Home Owners Association
  • Bothell Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00374100600103

Property Details

Property Type

Land

Est. Annual Taxes

$8,851

Year Built

1996

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • Special Features: None
  • Year Built: 1996
  • Cumulative Days on Market: 350

Interior Features

  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Road Surface Type: Gravel
  • View: No
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Gravel

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Available
  • Water Source: In Street
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: Yes
  • Utilities: Natural Gas Available, Electricity Connected
  • ElectricityStatus: On Property
  • GasStatus: On Property

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Northshore

Lot Info

  • Parcel Number: 00374100600103
  • Lot Size Acres: 3.87
  • Lot Size Sq Ft: 168577
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Snohomish County Assessor
  • ZoningJurisdiction: County

Tax Info

  • AdditionalTaxIds: 00374100600100,00374100600101,00374100600104

MLS Schools

  • Elementary School: Lockwood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2022
Closed on
Jun 6, 2024
Sold by
Townsend Ann E and Townsend Nigel D
Bought by
Harbour Homes Llc
Seller's Agent
Chris Foster
Primestreet Real Estate LLC
List Price
$7,800,000
Sold Price
$8,900,000
Premium/Discount to List
$1,100,000
14.1%
Total Days on Market
23
Views
14
Current Estimated Value
$2,299,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,600,570
Avg. Annual Appreciation
-79.09%

Purchase Details

Closed on
Jun 11, 2001
Sold by
Bergmann Sean and Bergmann Linette
Bought by
Townsend Nigel D and Townsend Ann E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.14%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 28, 1995
Sold by
Rosburg Wayne G
Bought by
Bergmann Sean and Bergmann Linette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,500
Interest Rate
7.36%
Mortgage Type
Construction

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
Harbour Homes Llc $4,350,000 Chicago Title
Townsend Nigel D $420,000 First American
Bergmann Sean $91,500 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Townsend Nigel D $275,000
Previous Owner Bergmann Sean $203,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2024 06/07/24 Sold $8,900,000 +14.1% $3,436 / Sq Ft
05/11/2022 05/11/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $7,800,000 -- $3,012 / 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 $8,851 $1,158,500 $730,100 $428,400
2024 $8,851 $1,054,100 $639,900 $414,200
2023 $9,304 $1,207,100 $730,100 $477,000
2022 $8,732 $907,000 $500,400 $406,600
2020 $7,999 $772,800 $393,400 $379,400
2019 $7,156 $708,200 $333,000 $375,200
2018 $7,019 $655,500 $316,000 $339,500
2017 $6,269 $601,900 $279,900 $322,000
2016 $5,959 $554,000 $244,900 $309,100
2015 $5,627 $492,000 $227,900 $264,100
2013 $5,023 $381,400 $173,900 $207,500
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1916792

Northwest Multiple Listing Service (NWMLS)

APN: 003741-006-001-03