Listed by Windermere R.E. Port Townsend, Bought with Munn Bro's Hood Canal Prop Inc
$690,000
SOLD OCT 4, 2024

361 S Bay Way Port Ludlow, WA 98365

1 Bed
1 Bath
952 Sq Ft
0.65 Acres

Recently Sold

$725 Per Sq Ft

4% Above List Price

3 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Wood Burning Stove
  • Property is near public transit
  • Views of a Sound
  • Contemporary Architecture
  • Wooded Lot

About This Home

As of October 2024

Relax, recharge, & connect w/nature in this peaceful waterfront retreat. With its serene setting, expansive view, & easy beach access, this charming hideaway makes an excellent vacation home or primary residence. The bright open-concept design features vaulted ceilings & a cozy wood stove. There’s a living room, eat-in kitchen, 2 sleeping areas, & a ¾ bath. Multiple decks beckon you outside to soak in the view that stretches from Mt. Baker to Indian Island. The property has 60 feet of low bank waterfront w/ tideland rights, a mooring buoy, wood shed, & storage shed. Imagine harvesting fresh clams & oysters, or launching your kayak directly from the beach. Enjoy the best of the Pacific NW. Only 2 hours from Seattle.

Last Agent to Sell the Property

Ginny Erickson

Windermere R.E. Port Townsend License #22008020 Listed on: 08/11/2024

Windermere R.E. Port Townsend

Last Buyer's Agent

Kalan Hatton

Munn Bro's Hood Canal Prop Inc License #22018439

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2274774

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,261

Year Built

  • Built in 2014

Lot Details

  • 0.65 Acre Lot
  • Lot Dimensions are 60x425x76x400
  • Low Bank Waterfront Property
  • 60 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Dirt Road
  • North Facing Home
  • Level Lot
  • Wooded Lot
  • Property is in very good condition
  • Zoning described as RR5

Parking

  • Driveway

Property Views

  • Views of a Sound
  • Bay
  • Mountain

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Metal Roof
  • Wood Siding
  • Cement Board or Planked
  • Vinyl Construction Material

Interior Spaces

  • 952 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Stove
  • Wood Burning Fireplace

Kitchen

  • Stove
  • Microwave

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • Bathroom on Main Level
  • 1 Bathroom

Outdoor Features

  • Patio
  • Outbuilding

Location

  • Property is near public transit

Schools

  • Chimacum Elementary School
  • Chimacum Mid Middle School
  • Chimacum High School

Utilities

  • Ductless Heating Or Cooling System
  • Propane
  • Private Water Source
  • Well
  • Tankless Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Secondary HOA Phone (206) 250-5144
  • Oak Bay Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,261

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 2014
  • Buyer Agency Compensation: 3
  • Inclusions: Microwave(s),Refrigerator(s),Stove(s)/Range(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Building Name: Oak Bay Waterfront
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 952
  • EffectiveYearBuiltSource: See Remarks
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2274774?w=Consumer&agent=140316
  • Special Features: None
  • Cumulative Days on Market: 266

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Microwave(s), Refrigerator(s), Stove(s)/Range(s)
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 1
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood, Slate, Carpet
  • Interior Amenities: Fireplace, Hardwood, Skylight(s), Vaulted Ceiling(s), Wall to Wall Carpet, Water Heater
  • Living Area: 952
  • Main Level Bathrooms: 1
  • Bathrooms: 0.75
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 952
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 1
  • AppliancesIncluded: Microwave(s),Refrigerator(s),Stove(s)/Range(s)
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Metal
  • View: Bay, Mountain(s), Sound
  • Lot Features: Dirt Road
  • View: Yes
  • Waterfront Features: Bank-Low, Bay/Harbor, Saltwater
  • Waterfront: Yes
  • Direction Faces: North
  • Exterior Features: Cement Planked, Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • BusLineNearby: true
  • WaterfrontFootage: 60
  • BusRouteNumber: 7
  • WaterAccess: Beach Rights,Tideland Rights

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well, Private
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split, Stove/Free Standing, Tankless Water Heater
  • Heating Yn: Yes
  • PowerCompany: Jefferson County PUD
  • WaterHeaterLocation: Under Broom Closet
  • WaterHeaterType: on Demand
  • CableConnected: Century Link
  • InternetConnected: Century Link

Condo/Co-op/Association

  • Senior Community: No
  • Phone: 206-250-5144
  • Association: No

Schools

  • Junior High Dist: Chimacum #49
  • High School: Chimacum High
  • Middle Or Junior School: Chimacum Mid

Lot Info

  • Parcel Number: 976800037
  • Topography: Level,Partial Slope,Sloped,Steep Slope
  • Land Lease: No
  • Lot Size Acres: 0.65
  • Lot Size: 60x425x76x400
  • Lot Size Sq Ft: 28314
  • Zoning Description: RR5
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings,Patio,Propane
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: County
  • LotNumber: 57

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • ShortTermRentalYN: true

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3261

Multi Family

  • EnergySource: Electric,Propane

MLS Schools

  • Elementary School: Chimacum Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2024
Closed on
Sep 26, 2024
Sold by
Lawrence And Susan Gearheard Trust and Gearheard Michael F
Bought by
Jennings-Shaffer Jennifer and Schroeder Samuel
Seller's Agent
Ginny Erickson
Windermere R.E. Port Townsend
Buyer's Agent
Kalan Hatton
Munn Bro's Hood Canal Prop Inc
List Price
$665,000
Sold Price
$690,000
Premium/Discount to List
$25,000
3.76%
Views
9
Current Estimated Value
$690,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$796
Avg. Annual Appreciation
-1.22%

Purchase Details

Closed on
Sep 28, 2023
Sold by
Gearheard Lawrence Ronald
Bought by
Lawrence And Susan Gearheard Trust and Gearheard
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $690,000 Horizon Title Group
Quit Claim Deed $313 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2024 10/04/24 Sold $690,000 +3.8% $725 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
08/11/2024 08/11/24 For Sale $665,000 -- $699 / 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
2023 $3,261 $404,627 $218,500 $186,127
2022 $2,752 $391,166 $213,500 $177,666
2021 $2,692 $293,750 $177,750 $116,000
2020 $2,553 $270,938 $163,530 $107,408
2019 $2,492 $248,125 $149,310 $98,815
2018 $2,626 $243,829 $149,310 $94,519
2017 $2,562 $228,126 $142,200 $85,926
2016 $2,565 $228,126 $142,200 $85,926
2015 $1,931 $227,028 $137,200 $89,828
2014 -- $172,540 $137,200 $35,340
2013 -- $172,540 $137,200 $35,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2274774

Northwest Multiple Listing Service (NWMLS)

APN: 976800037