Listed by Windermere PeninsulaProperties, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

470 E Madrona Pkwy Grapeview, WA 98546

Estimated Value: $142,680 - $469,000

0.26 Acre
$1,176,308 Price per Acre
11,326 Sq Ft Lot

Last Sold December 29, 2021

Last sale price $125,000

Est. 145% increase in value since last sale

Current estimated payment $1,672/month

Highlights

  • 70 Feet of Waterfront
  • Views of a Sound
  • Community Boat Launch

About This Lot

As of December 2021

Great South Puget Sound Waterfront Opportunity! Beautiful setting in Rustlewood, a community with shared beach access. Peaceful views of the water from this building site. The community area includes a boat launch, event building, lawn, and perfect pebble beach. Water, sewer, and power are in the street making this lot easy to build on. Nearby Shelton and Belfair provide all necessities. Get settled in and enjoy all the area has to offer.

Last Agent to Sell the Property

Cheri Gale

Windermere PeninsulaProperties License #111294 Listed on: 05/21/2021

Windermere PeninsulaProperties

Last Buyer's Agent

Morgan Huffman

John L. Scott, Inc. License #21000384

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1778321

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $828

Lot Details

  • 0.26 Acre Lot
  • 70 Feet of Waterfront
  • Home fronts a sound
  • Property Fronts a Bay or Harbor
  • Sloped Lot
  • Zoning described as RR5

HOA Fees

  • $12 Monthly HOA Fees

Property Views

  • Views of a Sound
  • Bay
  • Territorial

Schools

  • Pioneer Primary Sch Elementary School
  • Pioneer Intermed/Mid Middle School

Utilities

  • Community Well
  • Sewer in Street

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 221275100017

Community Details

Overview

  • Association fees include common area maintenance
  • Rustlewood Condos
  • Rustlewood Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Boat Launch

Property Details

Property Type

Land

Est. Annual Taxes

$828

Lot Details

0

HOA Fees

$12 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 40 - Res-Less thn 1 Ac
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Rustlewood
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Brush,Evergreens,Lightly Treed
  • Restrictions: CC&R
  • Special Features: None

Interior Features

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

Exterior Features

  • View: Bay, Sound, Territorial
  • Lot Features: Paved
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront Features: Bank-Medium, Bay/Harbor, Saltwater, Sound
  • Waterfront: Yes
  • Structure Type: Unspecified
  • RoadInformation: County Maintained,Paved
  • WaterfrontFootage: +/-70

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Available, In Street
  • Water Source: Available, Community Well
  • Electricity On Property: Yes
  • Utilities: Common Area Maintenance, Electricity Connected
  • ElectricityStatus: In Street
  • GasStatus: Not Available

Condo/Co-op/Association

  • Community Features: Boat Launch, CCRs, Community Waterfront/Pvt Beach, Community Well
  • Senior Community: No
  • Association Fee: 12
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Area Maintenance

Schools

  • Junior High Dist: Pioneer #402
  • High School: Buyer To Verify
  • Middle Or Junior School: Pioneer Intermed/Mid

Lot Info

  • Parcel Number: 221275100017
  • Topography: Sloped
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11326
  • Zoning Description: RR5
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: County
  • ZoningClass: Residential
  • LotNumber: 17

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 828

MLS Schools

  • Elementary School: Pioneer Primary Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Dec 28, 2021
Sold by
Santos Justin Marcel
Bought by
Woods Rudolph and Zuver Elizabeth
Seller's Agent
Cheri Gale
Windermere PeninsulaProperties
Buyer's Agent
Morgan Huffman
John L. Scott, Inc.
List Price
$145,000
Sold Price
$125,000
Premium/Discount to List
-$20,000
-13.79%
Current Estimated Value
$305,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,840
Avg. Annual Appreciation
26.63%
Original Mortgage
$45,000
Outstanding Balance
$41,473
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$264,367

Purchase Details

Closed on
Dec 18, 2015
Sold by
Secured Holdings Llc
Bought by
Santos Justin Marcel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,250
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2011
Sold by
Mason County Treasurer
Bought by
Secured Holdings Llc
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
Woods Rudolph $125,000 Aegis Land Title Group
Woods Rudolph $125,000 Aegis Land Title Group
Santos Justin Marcel $35,280 Mason County Title Ins Co
Secured Holdings Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woods Rudolph $45,000
Closed Woods Rudolph $45,000
Previous Owner Santos Justin Marcel $26,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2021 12/29/21 Sold $125,000 0.0% --
11/23/2021 11/23/21 Pending -- -- --
11/20/2021 11/20/21 Off Market $125,000 -- --
06/22/2021 06/22/21 Price Changed $139,000 -4.1% --
05/21/2021 05/21/21 For Sale $145,000 -- --
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
2025 $467 $61,090 $54,340 $6,750
2023 $467 $76,070 $69,320 $6,750
2022 $742 $74,050 $67,300 $6,750
2021 $828 $74,050 $67,300 $6,750
2020 $811 $81,530 $74,780 $6,750
2018 $806 $73,520 $66,770 $6,750
2017 $770 $73,520 $66,770 $6,750
2016 $746 $73,920 $73,920 $0
2015 $701 $71,610 $71,610 $0
2014 -- $73,150 $73,150 $0
2013 -- $69,300 $69,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1778321

Northwest Multiple Listing Service (NWMLS)

APN: 22127-51-00017