NOT LISTED FOR SALE

394 Lake Wood Place Oak Harbor, WA 98277

Estimated Value: $828,000 - $1,042,000

5.12 Acres
$181,671 Price per Acre
223,027 Sq Ft Lot

Last Sold July 16, 2016

Last sale price $89,900

Est. 935% increase in value since last sale

Current estimated payment $5,369/month

139 Days on Market

About This Lot

As of July 2016

Newer development of 5 acre parcels (LAKE WOOD RIDGE ESTATES).Very private setting w/(8) 5 acre parcels, all utilities including Comcast cable. Located on North end of Island close to bridge.Located on the east end of Lake Wood Estates & shares private asphalt RD(Lake Wood Estates is a private development of 5&10 acres parcels,homes in neighborhood currently valued @ $450,000 to approx $750,000).Lots are nicely wooded, have CCR's greenbelts & water.Avail. development begins @ covered entry.

Last Agent to Sell the Property

John Chambers

Coldwell Banker 360 Team License #16628 Listed on: 10/20/2015

Coldwell Banker 360 Team

Last Buyer's Agent

John Chambers

Coldwell Banker 360 Team License #16628 Listed on: 10/20/2015

Coldwell Banker 360 Team

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM861509

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,708

Lot Details

  • Street terminates at a dead end
  • Secluded Lot
  • Level Lot

Utilities

  • Drilled Well
  • Community Well
  • Sewer Not Available

Community Details

  • North Whidbey Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number R233062945130

Property Details

Property Type

Land

Est. Annual Taxes

$5,708

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Brush, Comm. Grade Timber, Corners Flagged, Evergreens, Heavily Forested
  • Style: 41 - Res-Over 1 Acre
  • Restrictions: CCAndR, NO Manufactured Homes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Level: Mostly level

Exterior Features

  • Road Information: Access Easement, Gravel, Paved, Privately Maintained, Recorded Maint. Agrm
  • Road On Which Sideof Property: North
  • Water Jurisdiction: County & DNR

Utilities

  • Electricity: Available
  • Gas Available: Not Available
  • Septic System Type: Alternative
  • Sewer: Not Available
  • Water: Community Well, Drilled Well, In Street, Share Available

Condo/Co-op/Association

  • Community Name: North Whidbey
  • Project: Lake Wood Ridge Estates
  • Community Features: CCRs

Schools

  • School District: OH

Lot Info

  • Lot Number: 4 South
  • Easements: Yes
  • General Zoning Classification: Residential
  • Improvements: Cable Tv Available
  • Lot Details: Dead End Street, Secluded
  • Lot Dimensions: 330 X 660
  • Lot Sq Ft: 223027
  • Parcel Number: R233062945130
  • Slopeof Property: Some slope to Northwest
  • Soils Feasibility Available: Y
  • Survey: Yes
  • Topography: Level, Sloped
  • Zoning Jurisdiction: County
  • Zoning Remarks: R

Tax Info

  • Tax Amount: 947

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2015
Closed on
Jul 19, 2016
Sold by
Oak Ventures South Llc
Bought by
Mitchell William J
Seller's Agent
John Chambers
Coldwell Banker 360 Team
Buyer's Agent
John Chambers
Coldwell Banker 360 Team
List Price
$89,900
Sold Price
$89,900
Current Estimated Value
$930,154

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$840,254
Avg. Annual Appreciation
28.60%
Original Mortgage
$408,500
Outstanding Balance
$329,373
Interest Rate
3.66%
Mortgage Type
Construction
Estimated Equity
$600,781

Purchase Details

Listed on
Oct 20, 2015
Closed on
Jul 18, 2016
Sold by
Mitchell Debborah L
Bought by
Mitchell William J
Seller's Agent
John Chambers
Coldwell Banker 360 Team
Buyer's Agent
John Chambers
Coldwell Banker 360 Team
List Price
$89,900
Sold Price
$89,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,500
Outstanding Balance
$329,373
Interest Rate
3.66%
Mortgage Type
Construction
Estimated Equity
$600,781
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
Mitchell William J $89,900 Premier Title Island County
Mitchell William J -- Premier Title Island County
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell William J $408,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2016 07/16/16 Sold $89,900 0.0% --
03/07/2016 03/07/16 Pending -- -- --
10/20/2015 10/20/15 For Sale $89,900 -- --
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 $5,708 $823,045 $300,000 $523,045
2024 $5,636 $807,334 $280,000 $527,334
2023 $5,636 $801,620 $270,000 $531,620
2022 $6,199 $725,299 $240,000 $485,299
2021 $5,727 $600,358 $175,000 $425,358
2020 $4,927 $553,404 $140,000 $413,404
2019 $4,286 $479,125 $200,000 $279,125
2018 $3,890 $454,835 $175,000 $279,835
2017 $787 $364,097 $80,000 $284,097
2016 $719 $80,000 $80,000 $0
2015 -- $70,000 $70,000 $0
2013 -- $41,917 $41,917 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    John Chambers

    Coldwell Banker Koetje Real Estate

    (360) 320-2199

    11 Total Sales

    John Chambers
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM861509

Northwest Multiple Listing Service (NWMLS)

APN: R23306-294-5130

Washington Island County Oak Harbor 98277

394 Lake Wood Place, Oak Harbor, WA

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Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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