NOT LISTED FOR SALE

3480 Timothy Way Camano Island, WA 98282

Estimated Value: $1,011,038 - $1,143,000

3 Beds
3 Baths
2,260 Sq Ft
$464/Sq Ft Est. Value

Last Sold November 04, 2024

Last sale price $1,005,000 $445 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,732/month

167 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • Vaulted Ceiling
  • Spa
  • Contemporary Architecture
  • 2 Car Detached Garage

About This Home

As of November 2024

Come experience this southwest-facing contemporary home designed around a dynamic panorama outside every window. The ever-evolving view reflects all facets of Pacific NW beauty with snow-capped mountains, the ebb and flow of water, captivating sunsets & migrating wildlife. The home's open-concept kitchen, living & dining areas connect to a full-length deck complete w/ hot tub. Upstairs is the primary bedroom w/ walk-in closet, ensuite bath & private deck. A large loft area spans to a ¾ bath & two additional bedrooms (w/ Mt. Rainier view). Minutes to the community's private waterfront, where beachcombing, whale watching & crabbing await. Other notable features: 935 sq ft garage w/ bonus room, propane stove, newer heat pump, siding & windows.

Last Listed By

Cullen Brain

Coldwell Banker Bain License #90019 Listed on: 04/18/2024

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2223586

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,613

Year Built

  • Built in 1981

Lot Details

  • 0.5 Acre Lot
  • Southwest Facing Home
  • Sloped Lot

HOA Fees

  • $281 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Property Views

  • Views of a Sound
  • Strait Views
  • Mountain
  • Territorial

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,260 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Dining Room
  • Storm Windows

Kitchen

  • Stove
  • Dishwasher
  • Trash Compactor

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • Spa Bath

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deck

Utilities

  • Forced Air Heating System
  • High Efficiency Heating System
  • Heat Pump System
  • Propane
  • Shared Well
  • Water Heater

Community Details

  • South Camano Subdivision

Listing and Financial Details

  • Assessor Parcel Number S619200000120

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,613

Year Built

Built in 1981

Lot Details

0

HOA Fees

$281 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1981
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwasher(s),Dryer(s),Refrigerator(s),Stove(s)/Range(s),Trash Compactor,Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Contemporary
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 2260
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour
  • Cumulative Days on Market: 315

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Private Spa: Yes
  • Appliances: Dishwasher(s), Dryer(s), Refrigerator(s), Stove(s)/Range(s), Trash Compactor, Washer(s)
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Bath Off Primary, Ceiling Fan(s), Ceramic Tile, Double Pane/Storm Window, Dining Room, Fireplace, Hot Tub/Spa, Laminate, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Wall to Wall Carpet, Water Heater
  • Living Area: 2260
  • Main Level Bathrooms: 1
  • Bathrooms: 2.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 2260
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Refrigerator(s),Stove(s)/Range(s),Trash Compactor,Washer(s)
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 3

Exterior Features

  • Roof: Composition
  • View: Mountain(s), See Remarks, Sound, Strait, Territorial
  • View: Yes
  • Waterfront: No
  • Direction Faces: Southwest
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • WaterAccess: Beach Rights,Community Waterfront/Pvt Beach

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Shared Well
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: 90%+ High Efficiency, Forced Air, Heat Pump
  • Heating Yn: Yes
  • WaterHeaterLocation: Under Stairs
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 3375
  • Association Fee Frequency: Annually
  • Association: Yes
  • Common Interest: Residential

Schools

  • Junior High Dist: Stanwood-Camano

Lot Info

  • Parcel Number: S619200000120
  • Topography: Partial Slope
  • Land Lease: No
  • Lot Size Acres: 0.5
  • Lot Size Sq Ft: 21780
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Hot Tub/Spa,Propane,Shop
  • MLSLotSizeSource: County records
  • MLSSquareFootageSource: County Records
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7613

Multi Family

  • EnergySource: Electric,Propane

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
Oct 14, 2024
Sold by
Formo Susan S and Formo Jason
Bought by
Konstad Revocable Trust and Konstad
Seller's Agent
Cullen Brain
Coldwell Banker Bain
Buyer's Agent
Ghazal Salehi
Designed Realty
List Price
$1,075,000
Sold Price
$1,005,000
Premium/Discount to List
-$70,000
-6.51%
Total Days on Market
167
Views
101
Current Estimated Value
$1,049,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,260
Avg. Annual Appreciation
9.00%

Purchase Details

Closed on
Sep 26, 2018
Sold by
Formo Susan S
Bought by
Formo Susan S

Purchase Details

Listed on
May 22, 2014
Closed on
Jun 5, 2015
Sold by
Durus Patricia A
Bought by
Formo David A and Formo Susan S
Seller's Agent
Dianna Pence
Windermere Real Estate/CIR
Buyer's Agent
Tamara Matthews
Windermere Real Estate/CIR
List Price
$639,000
Sold Price
$500,000
Premium/Discount to List
-$139,000
-21.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$400,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2010
Sold by
Duruz Patricia A
Bought by
Duruz Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.29%
Mortgage Type
New Conventional

Range of Values:

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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
Konstad Revocable Trust $1,005,000 Rainier Title Company
Formo Susan S -- None Available
Formo David A $500,000 Land Title & Escrow Of Islan
Duruz Patricia A -- Land Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Formo Jason $371,500
Previous Owner Formo David A $400,000
Previous Owner Duruz Patricia A $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2024 11/04/24 Sold $1,005,000 -6.5% $445 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $1,075,000 0.0% $476 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $1,075,000 +115.0% $476 / Sq Ft
06/15/2015 06/15/15 Sold $500,000 -8.9% $198 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
04/15/2015 04/15/15 Price Changed $549,000 -5.2% $217 / Sq Ft
11/22/2014 11/22/14 Price Changed $579,000 -3.3% $229 / Sq Ft
08/12/2014 08/12/14 Price Changed $599,000 -6.3% $237 / Sq Ft
05/23/2014 05/23/14 For Sale $639,000 -- $253 / 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 $7,613 $992,838 $525,000 $467,838
2023 $7,613 $998,817 $525,000 $473,817
2022 $6,470 $859,470 $425,000 $434,470
2021 $5,896 $701,870 $375,000 $326,870
2020 $5,675 $619,072 $300,000 $319,072
2019 $4,951 $588,393 $350,000 $238,393
2018 $5,098 $514,146 $275,000 $239,146
2017 $4,149 $490,650 $250,000 $240,650
2016 $4,103 $443,657 $200,000 $243,657
2015 -- $421,887 $200,000 $221,887
2013 -- $441,501 $210,917 $230,584
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2223586

Northwest Multiple Listing Service (NWMLS)

APN: S6192-00-00012-0