NOT LISTED FOR SALE

4036 Legoe Bay Rd Lummi Island, WA 98262

Estimated Value: $710,000 - $815,175

1.74 Acres
$440,263 Price per Acre
75,794 Sq Ft Lot

Last Sold June 29, 2022

Last sale price $925,000

Est. 17% decrease in value since last sale

Current estimated payment $4,227/month

Highlights

  • 100 Feet of Waterfront
  • Property has ocean access
  • Level Lot
  • Ocean View

About This Lot

As of June 2022

This is a rare estate setting of 1.74 acres including 100'+ of South facing saltwater waterfront beach and 2nd class tidelands. Ideal for building your dream home and mooring your boat. The septic and well are in, and there is a "bathhouse" (that has hot water) with a 3/4 bath and a 1/2 bath as well as a 24' by 60' warehouse that has 4 separate bays, another covered parking/storage space and the "crow's nest" storage shed. This property has been held in a partnership for many generations, as this was where they would winch their commercial fishing vessels out of the water and store them when the season was over. So much history, and it is your opportunity to start your own legacy...Life's better on the beach...and this one is truly special!

Last Agent to Sell the Property

Lynda Hinton

Windermere Real Estate Whatcom License #24074 Listed on: 09/03/2021

Windermere Real Estate Whatcom

Last Buyer's Agent

Lynda Hinton

Windermere Real Estate Whatcom License #24074 Listed on: 09/03/2021

Windermere Real Estate Whatcom

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1834298

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,897

Lot Details

  • 1.74 Acre Lot
  • 100 Feet of Waterfront
  • Home fronts a sound
  • Property Fronts a Bay or Harbor
  • Level Lot
  • Zoning described as RRI

Property Views

  • Ocean
  • Views of a Sound
  • Bay
  • Strait Views

Schools

  • Beach Elementary School
  • Vista Mid Middle School
  • Ferndale High School

Utilities

  • Well
  • Septic Design Installed
  • Sewer Not Available

Listing and Financial Details

  • Assessor Parcel Number 3701090855530000

Community Details

Overview

  • Metes And Bounds With 2Nd Class Tidelands Condos
  • Lummi Island Subdivision

Recreation

  • Property has ocean access
  • Tideland Water Rights

Property Details

Property Type

Land

Est. Annual Taxes

$1,897

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Metes and Bounds with 2nd Class Tidelands
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • Restrictions: No Restrictions
  • Improvements: Outbuilding(s),Shop
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: Bay, Ocean, Sound, Strait
  • Lot Features: Paved
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront Features: Bay/Harbor, No Bank, Ocean Access, Sound, Tideland Rights
  • Waterfront: Yes
  • Structure Type: Unspecified
  • RoadInformation: Paved
  • WaterJurisdiction: Private Well
  • WaterfrontFootage: 100'

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Not Available
  • Water Source: Private Well
  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Septic Design Installed
  • ElectricityStatus: On Property
  • GasStatus: Not Available
  • SepticDesignInstalled: true

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Ferndale
  • High School: Ferndale High
  • Middle Or Junior School: Vista Mid

Lot Info

  • Parcel Number: 3701090855530000
  • Topography: Level
  • Lot Size Acres: 1.74
  • Lot Size: Irregular
  • Lot Size Sq Ft: 75794
  • Zoning Description: RRI
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: County
  • ZoningClass: Residential
  • PublicLandSurvey: 370109

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1897

MLS Schools

  • Elementary School: Beach Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2021
Closed on
Jun 14, 2022
Sold by
Linda Cline
Bought by
Salish Center For Susantainable Fishing Metho
Seller's Agent
Lynda Hinton
Windermere Real Estate Whatcom
Buyer's Agent
Lynda Hinton
Windermere Real Estate Whatcom
List Price
$948,000
Sold Price
$925,000
Premium/Discount to List
-$23,000
-2.43%
Current Estimated Value
$766,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$158,942
Avg. Annual Appreciation
-5.26%
Original Mortgage
$600,000
Outstanding Balance
$574,986
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$202,340
Source: Public Records

Range of Values:

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Average Value
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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
Salish Center For Susantainable Fishing Metho -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salish Center For Susantainable Fishing Metho $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $925,000 0.0% --
01/31/2022 01/31/22 Pending -- -- --
11/23/2021 11/23/21 Off Market $925,000 -- --
09/03/2021 09/03/21 For Sale $948,000 -- --
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
2024 $1,757 $230,794 $216,920 $13,874
2023 $1,757 $230,794 $216,920 $13,874
2022 $1,817 $209,813 $197,200 $12,613
2021 $1,897 $180,873 $170,000 $10,873
2020 $2,084 $180,873 $170,000 $10,873
2019 $1,950 $180,873 $170,000 $10,873
2018 $2,443 $195,343 $183,600 $11,743
2017 $2,237 $188,108 $176,800 $11,308
2016 $2,263 $180,873 $170,000 $10,873
2015 $2,288 $180,873 $170,000 $10,873
2014 -- $180,873 $170,000 $10,873
2013 -- $180,873 $170,000 $10,873
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1834298

Northwest Multiple Listing Service (NWMLS)

APN: 370109-085553-0000