Listed by The Agency - Port Townsend, Bought with Windermere R.E. Port Townsend
$1,330,000
SOLD AUG 20, 2025

380 & 388 Reed St Port Townsend, WA 98368

3 Beds
2 Baths
2,254 Sq Ft
0.25 Acres

Recently Sold

$590 Per Sq Ft

17% Below List Price

Highlights

  • Views of a Sound
  • Vaulted Ceiling
  • No HOA
  • Deck
  • Corner Lot
  • 2 Car Detached Garage

About This Home

As of August 2025

Private Residential Compound w/ Stunning Views – A Morgan Hill Oasis! Tucked away behind a lush hedge of evergreens, this exceptional retreat offers the perfect balance of privacy, tranquility, & breathtaking water & mountain views. Designed for seamless indoor-outdoor living, w/year round sun-room & serene garden area to escape the everyday. This home features inviting entertaining spaces, a cozy electric fireplace, the ability to live on the main level, new flooring, updated bathroom(s) & spacious primary suite. Adding to its appeal is the charming 1-bedroom 1-bath ADU (approx. 864 sq.ft.) perched above the detached two-car garage. This beautifully appointed space boasts a spacious deck w/ views, as well as a ground-level patio & garden.

Last Agent to Sell the Property

Holley Carlson

The Agency - Port Townsend License #6199 Listed on: 04/28/2025

The Agency - Port Townsend

Last Buyer's Agent

Kristina Rumyantseva

Windermere R.E. Port Townsend License #24008802

Windermere R.E. Port Townsend

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2363571

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,650

Year Built

  • Built in 1989

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 60 x 174
  • Street terminates at a dead end
  • South Facing Home
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Garden
  • Property is in good condition

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Property Views

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

Home Design

  • Poured Concrete
  • Tile Roof
  • Wood Siding

Interior Spaces

  • 2,254 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Electric Fireplace
  • French Doors
  • Dining Room
  • Storm Windows

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Ceramic Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Schools

  • Salish Coast Elementary School
  • Blue Heron Mid Middle School
  • Port Townsend High School

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Water Heater

Additional Features

  • Deck
  • ADU includes 1 Bedroom and 1 Bathroom

Community Details

  • No Home Owners Association
  • Morgan Hill Subdivision

Listing and Financial Details

  • Legal Lot and Block portions of 8, 9 (all) , 10, 11 / 18
  • Assessor Parcel Number 974401807

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,650

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 1989
  • Inclusions: Dishwasher(s),Dryer(s),Garbage Disposal,Leased Equipment,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Mountain View 2nd Addition
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 3024
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • SOCComments: 4% for Dual Agency
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher(s), Disposal, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Vinyl Plank
  • Interior Amenities: Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Fireplace, French Doors, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Water Heater
  • Living Area: 2254
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Bathrooms: 1.5
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 2254
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 0
  • BedroomsUpper: 2
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • ADUBaths: 1
  • ADUBeds: 1
  • NWM_NumberOfBathtubs: 0
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Tile
  • View: Bay, Mountain(s), Sound, Strait, Territorial
  • Lot Features: Corner Lot, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Direction Faces: South
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: House

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, Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Ductless, Forced Air
  • Heating Yn: Yes
  • PowerCompany: PUD #1
  • SewerCompany: City of Port Townsend
  • WaterCompany: City of Port Townsend
  • WaterHeaterLocation: kitchen closet 2nd in garage
  • WaterHeaterType: electric
  • InternetConnected: Astound

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Port Townsend #50
  • High School: Port Townsend High
  • Middle Or Junior School: Blue Heron Mid

Lot Info

  • Parcel Number: 974401807
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.25
  • Lot Size: 60 X 174
  • Lot Size Sq Ft: 10890
  • Zoning: R ll
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: assessor
  • MLSSquareFootageSource: assessor
  • ZoningJurisdiction: City
  • LotNumber: portions of 8, 9 (all) , 10, 11

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2025
  • Tax Annual Amount: 10650

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Salish Coast Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2025
Closed on
Aug 8, 2025
Sold by
Barbara & Dennis Lubert Family Trust and Lubert Barbara
Bought by
Mader Eric Lee and Mader Mari Lee
Seller's Agent
Holley Carlson
The Agency - Port Townsend
Buyer's Agent
Kristina Rumyantseva
Windermere R.E. Port Townsend
List Price
$1,600,000
Sold Price
$1,330,000
Premium/Discount to List
-$270,000
-16.88%
Views
87

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%
Original Mortgage
$997,500
Outstanding Balance
$997,500
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$339,325

Purchase Details

Closed on
May 4, 2023
Sold by
Lubert Dennis and Lubert Barbara
Bought by
Barbara & Dennis Lubert Family Trust

Purchase Details

Closed on
Sep 27, 2018
Sold by
Villers Ralph Douglas and Ralph D Villers Irrevocable Li
Bought by
Lubert Dennis and Lubert Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 4, 2014
Sold by
Villers Ralph Douglas
Bought by
Ralph Douglas Villers Irrevocable Living and Villers Ralph Dougals

Purchase Details

Closed on
Feb 11, 2009
Sold by
Villers Catherine F and Villers Ralph Douglas
Bought by
Villers Ralph Douglas

Purchase Details

Closed on
Mar 30, 2005
Sold by
Villers Ralph B and Villers Catherine F
Bought by
The Ralph B Villers And Catherine F Vill
Source: Public Records

Range of Values:

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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 $1,330,000 Horizon Title Group
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $820,000 Jefferson Title Co Inc
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $997,500 New Conventional
Previous Owner $250,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2025 08/20/25 Sold $1,330,000 -4.9% $590 / Sq Ft
06/02/2025 06/02/25 Pending -- -- --
05/22/2025 05/22/25 Price Changed $1,399,000 -12.6% $621 / Sq Ft
04/28/2025 04/28/25 For Sale $1,600,000 -- $710 / 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 $10,458 $1,222,157 $358,875 $863,282
2023 $10,458 $1,166,063 $337,313 $828,750
2022 $8,946 $1,075,937 $316,250 $759,687
2021 $8,267 $923,002 $287,813 $635,189
2020 $7,792 $822,754 $253,275 $569,479
2019 $5,594 $755,923 $230,250 $525,673
2018 $620 $589,488 $230,250 $359,238
2017 $643 $462,886 $221,260 $241,626
2016 $667 $462,886 $221,260 $241,626
2015 $680 $436,038 $221,260 $214,778
2014 -- $427,089 $221,260 $205,829
2013 -- $371,380 $192,400 $178,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2363571

Northwest Multiple Listing Service (NWMLS)

APN: 974401807