NOT LISTED FOR SALE

2605 197th Ave SW Lakebay, WA 98349

Estimated Value: $413,000 - $467,000

2 Beds
2 Baths
1,344 Sq Ft
$326/Sq Ft Est. Value

Last Sold November 10, 2020

Last sale price $338,000 $251 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,647/month

Highlights

  • Waterfront Community
  • Territorial View
  • Brush Vegetation
  • Deck
  • Partially Fenced Property
  • Level Lot

About This Home

As of November 2020

This beautiful, chic & contemporary home w/studio is a short distance from Palmer Lake & has it all! Main home (1344 SF) has 2 bedrms, 2 full baths & a 3rd room complete w/a closet to be used an office/den/or guest rm. Gorgeous kitchen w/granite counter tops. All appliances stay, including washer & dryer! Studio (768 SF) has an ample sized living area, kitchenette, and a room complete w/a closet. 2,112 total SF! Newer windows and roof. Home sits on a large lot w/nice sized backyard & small pond!

Last Agent to Sell the Property

Regina Williams

John L. Scott Dupont License #125586 Listed on: 10/01/2020

John L. Scott Dupont

Last Buyer's Agent

Juan Lopez

Engel & Voelkers Seattle DT License #131755

Engel & Voelkers Seattle DT

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1660274

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,755

Year Built

  • Built in 1978

Lot Details

  • Partially Fenced Property
  • Brush Vegetation
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Additional Features

  • Territorial Views
  • Laminate Flooring
  • Deck
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 666120-250-0

Community Details

Overview

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

Recreation

  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,755

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, French Doors, Security System, Walk-In Closet
  • Floor Covering: Laminate
  • Appliances That Stay: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 2
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 2.00
  • Total Full Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Master Bedroom: Main
  • Den or Office: Main
  • Dining Room: Main
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 2112
  • Square Footage Finished: 1344

Exterior Features

  • Exterior: Cement Planked, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Baseboard, Wall
  • Power Company: Peninsula Light
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Water Company: Washington Water Service
  • Water Heater: Utility Closet-Electric
  • Water Source: Community

Condo/Co-op/Association

  • HOA Fees: 9
  • Community Name: Palmer Lake
  • Project: Palmer Lake Division #2
  • Community Features: CCRs, Community Waterfront/Pvt Beach

Schools

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

Lot Info

  • Lot Number: 30
  • Lot Details: Paved Street
  • Lot Sq Ft: 13900
  • Lot Topography Vegetation: Brush, Level
  • Parcel Number: 666120-250-0
  • Zoning Jurisdiction: County
  • Lot Topography: Brush, Level

Tax Info

  • Tax Amount: 2558

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Nov 9, 2020
Sold by
Mosley Kianna J
Bought by
Reasons Alex J
Seller's Agent
Regina Williams
John L. Scott Dupont
Buyer's Agent
Juan Lopez
Engel & Voelkers Seattle DT
List Price
$335,000
Sold Price
$338,000
Premium/Discount to List
$3,000
0.9%
Current Estimated Value
$438,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,177
Avg. Annual Appreciation
5.59%
Original Mortgage
$331,877
Outstanding Balance
$297,181
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$142,568

Purchase Details

Listed on
Apr 3, 2019
Closed on
Jul 29, 2019
Sold by
Ten Bridges Llc
Bought by
Mosley Kianna J
Seller's Agent
Ursula Heenan
Windermere Real Estate Central
Buyer's Agent
Regina Williams
John L. Scott Dupont
List Price
$335,000
Sold Price
$308,000
Premium/Discount to List
-$27,000
-8.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$12,096
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 18, 2018
Sold by
Pastor Paul A and Castleman Mary
Bought by
Ten Bridges Llc and Veristone Fund I Llc

Purchase Details

Closed on
Jun 27, 2018
Sold by
Veristone Fund I Llc
Bought by
Ten Bridges Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,389
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
May 25, 2018
Sold by
Castleman Mary
Bought by
Ten Bridges Llc and Veristone Fund 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,389
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
May 23, 2018
Sold by
Huffer Tia
Bought by
Ten Bridges Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,389
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 5, 2008
Sold by
Sonneman Cheryl J and Sonneman Brian D
Bought by
Castleman Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,300
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 23, 1993
Sold by
Rodman David Alan and Rodman Lydia Annette
Bought by
Sonneman Brian D and Sonneman Cherly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,010
Interest Rate
6.85%
Mortgage Type
FHA
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
Reasons Alex J $338,000 First American Title Ins Co
Mosley Kianna J $308,000 Ticor Title
Ten Bridges Llc -- None Available
Ten Bridges Llc -- Accommodation
Ten Bridges Llc $92,001 None Available
Ten Bridges Llc $2,700 Ten Bridge Llc
Castleman Mary $165,000 First American Title Ins Co
Sonneman Brian D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reasons Alex J $25,000
Open Reasons Alex J $331,877
Previous Owner Mosley Kianna J $12,096
Previous Owner Mosley Kianna J $302,421
Previous Owner Ten Bridges Llc $80,389
Previous Owner Castleman Mary $168,300
Previous Owner Sonneman Brian D $180,000
Previous Owner Sonneman Brian D $95,000
Previous Owner Sonneman Brian D $69,010
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2020 11/10/20 Sold $338,000 +0.9% $251 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $335,000 +8.8% $249 / Sq Ft
07/31/2019 07/31/19 Sold $308,000 +3.0% $229 / Sq Ft
07/05/2019 07/05/19 Pending -- -- --
07/02/2019 07/02/19 Price Changed $299,000 -5.1% $222 / Sq Ft
06/05/2019 06/05/19 Price Changed $315,000 -3.1% $234 / Sq Ft
05/15/2019 05/15/19 Price Changed $325,000 -3.0% $242 / Sq Ft
04/29/2019 04/29/19 For Sale $335,000 0.0% $249 / Sq Ft
04/24/2019 04/24/19 Pending -- -- --
04/14/2019 04/14/19 Price Changed $335,000 -4.3% $249 / Sq Ft
04/03/2019 04/03/19 For Sale $350,000 -- $260 / 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 $3,755 $454,000 $124,200 $329,800
2024 $3,755 $422,100 $131,000 $291,100
2023 $3,755 $409,900 $131,000 $278,900
2022 $3,596 $410,800 $118,600 $292,200
2021 $3,320 $302,300 $63,300 $239,000
2019 $2,153 $218,300 $44,000 $174,300
2018 $2,081 $195,000 $34,700 $160,300
2017 $1,714 $168,700 $31,500 $137,200
2016 $1,372 $121,200 $24,800 $96,400
2014 $1,476 $103,000 $18,700 $84,300
2013 $1,476 $90,400 $17,900 $72,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1660274

Northwest Multiple Listing Service (NWMLS)

APN: 666120-2500