Listed by Windermere RE/Lopez Island, Bought with COMPASS
NOT LISTED FOR SALE

35 Cedars Ln Lopez Island, WA 98261

Estimated Value: $2,196,000 - $3,657,410

6 Acres
$527,334 Price per Acre
241,758 Sq Ft Lot

Last Sold March 31, 2020

Last sale price $965,000

Est. 203% increase in value since last sale

Current estimated payment $17,203/month

About This Lot

As of March 2020

Buckle up for breath-taking sunsets from this sprawling 5.5 AC westside waterfront parcel. Set near Flat Point, with views across Upright Channel and Shaw Island, you’ll have a front row seat as the ferries sail through the pass. With an installed well, internet available, power and phone on site, and an approved septic permit, this lot is ready to build. The beach is accessed via stairs to about 400 feet of rare Lopez sandy beach. The land is a mixture of cleared meadow and mature fir, madrona, and cedar trees. Great north end location near Lopez Village.

Last Agent to Sell the Property

Alan Roberson

Windermere RE/Lopez Island License #94894 Listed on: 02/24/2021

Windermere RE/Lopez Island

Last Buyer's Agent

Wally Gudgell

COMPASS License #11589

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1734081

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,477

Lot Details

  • Secluded Lot
  • Level Lot

Property Views

  • Ocean Views
  • Views of a Sound

Utilities

  • Sewer Not Available

Community Details

  • Lopez Island Community

Listing and Financial Details

  • Assessor Parcel Number 251012008

Property Details

Property Type

Land

Est. Annual Taxes

$12,477

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Evergreens, Partially Cleared
  • Style: 41 - Res-Over 1 Acre
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Approved Number of Bedrooms: 4

Exterior Features

  • Road Information: Access Easement, Gravel
  • Road On Which Sideof Property: SE
  • View: Ocean, Sound
  • Waterfront: Bank-High, Bank-Medium
  • Waterfront Frontage: 400

Utilities

  • Electricity: On Property
  • Gas Available: Available
  • Septic Approved for Number of Bedrooms: 4
  • Septic Designedand Appliedfor: Y
  • Septic System Type: Gravity
  • Sewer: Not Available
  • Water: Drilled Well, On Property, Private Well

Condo/Co-op/Association

  • Community Name: Lopez Island
  • Project: Jeanne D Banks Short Plat

Schools

  • Elementary School: Lopez Elem
  • Middle School: Lopez Mid High
  • High School: Lopez Mid High
  • School District: LPZ

Lot Info

  • General Zoning Classification: Residential
  • Improvements: Outbuilding(s)
  • Lot Details: Secluded
  • Lot Dimensions: 375x625
  • Lot Sq Ft: 241841
  • Parcel Number: 251012008
  • Slopeof Property: North and West
  • Soils Feasibility Available: Y
  • Topography: Level, Sloped
  • Zoning Jurisdiction: County
  • Zoning Remarks: RFF5

Tax Info

  • Tax Amount: 4250

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2017
Closed on
Feb 26, 2018
Sold by
Westlund Lopez Property Llc
Bought by
Lotz Richard and Karnes Erica
Seller's Agent
Mitty Huntsman
Windermere RE/Lopez Island
Buyer's Agent
Mitty Huntsman
Windermere RE/Lopez Island
List Price
$725,000
Sold Price
$653,000
Premium/Discount to List
-$72,000
-9.93%
Current Estimated Value
$2,926,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,273,705
Avg. Annual Appreciation
22.92%
Original Mortgage
$453,000
Outstanding Balance
$392,544
Interest Rate
4.4%
Estimated Equity
$2,639,109

Purchase Details

Closed on
Oct 15, 2013
Sold by
Westlund Brian and Warren D Westlund Credit Shelt
Bought by
Westlund Lopez Property Llc

Purchase Details

Closed on
Mar 25, 2009
Sold by
Mcfadden David W and Mcfadden Vicki L
Bought by
Westlund Brian and Westlund Trust
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
Lotz Richard -- --
Westlund Lopez Property Llc -- First American Title
Westlund Brian $728,000 San Juan Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lotz Richard $453,000
Closed Lotz Richard --
Previous Owner Mcfadden David W $454,500
Previous Owner Mcfadden David W $202,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2021 03/01/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $825,000 -14.5% --
03/31/2020 03/31/20 Sold $965,000 +47.8% --
02/26/2018 02/26/18 Sold $653,000 -9.9% --
01/02/2018 01/02/18 Pending -- -- --
04/08/2017 04/08/17 For Sale $725,000 -- --
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
2023 $12,477 $2,126,210 $788,430 $1,337,780
2022 $4,342 $810,440 $788,430 $22,010
2021 $4,251 $544,040 $525,620 $18,420
2020 $4,206 $542,420 $525,620 $16,800
2019 $4,252 $541,170 $525,620 $15,550
2018 $4,391 $547,510 $547,510 $0
2017 $4,302 $525,910 $501,160 $24,750
2016 $4,439 $613,660 $589,600 $24,060
2015 $4,439 $613,860 $589,600 $24,260
2014 $4,439 $545,600 $536,000 $9,600
2012 $4,439 $545,600 $536,000 $9,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1734081

Northwest Multiple Listing Service (NWMLS)

APN: 251012-008-000