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

407 Meadow Ln Lopez Island, WA 98261

Estimated Value: $903,000 - $2,410,000

2 Beds
1 Bath
1,002 Sq Ft
$1,371/Sq Ft Est. Value

Last Sold December 13, 2019

Last sale price $715,000 $714 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $7,839/month

108 Days on Market

Highlights

  • Deck
  • Territorial View
  • Garden
  • Wooded Lot
  • 1 Fireplace
  • Property fronts a saltwater canal

About This Home

As of December 2019

ABOVE SHARK REEF on the west side sits this 2BD, 1BA beach cabin on nearly 1.25 AC with 100 ft of WF. The remodeled interior incl cedar walls, upscale appliances, Shaker cabinets & built-in window seats. Watch seals, whales, eagles & sunsets from the deck or just enjoy sunny, western views of San Juan Channel & Is. A very private location w/ deeded beach access on an easy trail to some of the best beach on Lopez. Room to plant a garden or a few fruit trees. Shared well & CCR's. Fully furnished.

Last Agent to Sell the Property

Dianne Pressenda

Windermere RE/Lopez Island License #49708 Listed on: 07/11/2019

Windermere RE/Lopez Island

Last Buyer's Agent

Heidi Hernandez

Windermere RE/Lopez Island License #123107

Windermere RE/Lopez Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1486667

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,245

Year Built

  • Built in 1972

Lot Details

  • Property fronts a saltwater canal
  • Street terminates at a dead end
  • Partially Fenced Property
  • Level Lot
  • Wooded Lot
  • Garden

Parking

  • Off-Street Parking

Home Design

  • Poured Concrete
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace
  • Wall to Wall Carpet
  • Territorial Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Shared Well
  • Septic System

Community Details

  • Lopez Island Community
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 240421002

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,245

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 11 - 1 1/2 Story
  • Building Information: Built On Lot
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fan(s), Dbl Pane/Storm Windw, Loft, Vaulted Ceilings
  • Floor Covering: Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 3
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 0.75
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Kitchen: Main
  • Living Room: Main
  • Estimated Sq Ft: 1002
  • Square Footage Finished: 1002

Exterior Features

  • Exterior: Wood
  • Foundation: Poured Concrete
  • Roof: Cedar Shake
  • View: Territorial
  • Waterfront: Bank-Medium, Saltwater
  • Waterfront Frontage: 100

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Radiant, Wall
  • Power Company: OPALCO
  • Septic Approved for Number of Bedrooms: 3
  • Sewer: Septic
  • Water Heater: bedroom closet-electric
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Name: Lopez Island
  • Community Features: CCRs

Schools

  • School District: LPZ

Lot Info

  • Lot Details: Dead End Street
  • Lot Sq Ft: 53579
  • Lot Topography Vegetation: Garden Space, Level, Wooded
  • Parcel Number: 240421002
  • Zoning Jurisdiction: County
  • Lot Topography: Garden Space, Level, Wooded

Tax Info

  • Tax Amount: 2917

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Nov 22, 2019
Sold by
Bailey Lawrence B and Bailey Mary Ann
Bought by
Hughes Peter
Seller's Agent
Dianne Pressenda
Windermere RE/Lopez Island
Buyer's Agent
Heidi Hernandez
Windermere RE/Lopez Island
List Price
$725,000
Sold Price
$715,000
Premium/Discount to List
-$10,000
-1.38%
Current Estimated Value
$1,373,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$658,628
Avg. Annual Appreciation
12.11%
Original Mortgage
$510,400
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2013
Sold by
Bailey Lawrence B and Bailey Mary Ann
Bought by
Bailey Peter H and Bailey Victoria P
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hughes Peter $715,000 San Juan Title
Bailey Peter H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hughes Peter $504,500
Closed Hughes Peter $510,400
Previous Owner Bailey Lawrence B $375,000
Previous Owner Bailey Lawrence B $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $715,000 -1.4% $714 / Sq Ft
10/27/2019 10/27/19 Pending -- -- --
09/02/2019 09/02/19 For Sale $725,000 0.0% $724 / Sq Ft
08/16/2019 08/16/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $725,000 0.0% $724 / Sq Ft
07/20/2019 07/20/19 Pending -- -- --
07/11/2019 07/11/19 For Sale $725,000 -- $724 / 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 $4,245 $733,920 $380,050 $353,870
2023 $4,245 $703,680 $330,480 $373,200
2022 $3,901 $658,460 $330,480 $327,980
2021 $3,371 $486,820 $300,440 $186,380
2020 $3,230 $427,650 $261,250 $166,400
2019 $2,888 $414,970 $261,250 $153,720
2018 $3,161 $478,850 $370,050 $108,800
2017 $2,465 $378,730 $261,250 $117,480
2016 $1,949 $350,330 $275,000 $75,330
2015 $1,949 $353,010 $275,000 $78,010
2014 $1,949 $349,680 $275,000 $74,680
2012 $1,949 $350,810 $275,000 $75,810
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1486667

Northwest Multiple Listing Service (NWMLS)

APN: 240421-002-000