Listed by Coldwell Banker Best Homes, Bought with COMPASS
NOT LISTED FOR SALE

488 S Palmer Dr Port Townsend, WA 98368

Estimated Value: $1,295,972 - $1,365,000

3 Beds
2.5 Baths
2,479 Sq Ft
$538/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $1,269,000 $512 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,827/month

43 Days on Market

Highlights

  • Community Boat Launch
  • RV Access or Parking
  • Two Primary Bedrooms
  • Spa
  • Bay View
  • Craftsman Architecture

About This Home

As of July 2024

*MOTIVATED SELLER* Captivating water views await you at every turn in this artfully-crafted home overlooking Discovery Bay & Protection Island. No detail has been spared from vaulted-ceilings to the custom-tiled propane fireplace to built in speakers, dimmers & more. Primary suite boasts tray ceilings & 2nd fireplace w/ wall of custom built-ins. The jacuzzi is just steps away on 1 of 2 upper Azek decks. Chef’s kitchen w/ Cambria countertops, S/S Bosch appliances & specialized cabinetry. Lower level offers a kitchenette w/pvt. entrance, den, 3rd bdrm & bath, walk-in closets, sliding doors to patio & lg enclosed storage w/ a hard-wired whole-house generator. Cape George amenities; pool, fitness rm, & marina. Creativity & care shows!

Last Agent to Sell the Property

Nicole Blasucci

Coldwell Banker Best Homes License #24000037 Listed on: 05/03/2024

Coldwell Banker Best Homes

Last Buyer's Agent

Paul Rice

COMPASS License #24002485

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2229782

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,838

Year Built

  • Built in 2017

Lot Details

  • 0.39 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is in very good condition

HOA Fees

  • $103 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway
  • RV Access or Parking

Property Views

  • Bay Views
  • Strait Views

Home Design

  • Craftsman Architecture
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,479 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Gas Fireplace
  • French Doors
  • Finished Basement
  • Natural lighting in basement
  • Storm Windows

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Engineered Wood
  • Ceramic Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deck
  • Patio

Schools

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

Utilities

  • Generator Hookup
  • Propane
  • Tankless Water Heater
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Legal Lot and Block 4 / 12
  • Assessor Parcel Number 939001204

Community Details

Overview

  • Marnie Levy Association
  • Secondary HOA Phone (360) 385-1177
  • The Colony Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Community Boat Launch
  • Community Playground
  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,838

Year Built

Built in 2017

Lot Details

0

HOA Fees

$103 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 2017
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwashers,Dryers,GarbageDisposal,Microwaves,Refrigerators,StovesRanges,TrashCompactor,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Craftsman
  • Building Name: CAPE GEORGE COLONY DIV 5
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 2479
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: true
  • Special Features: None

Interior Features

  • Fireplaces: 2
  • Basement: Daylight, Finished
  • Private Spa: Yes
  • Appliances: Dishwasher(s), Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Trash Compactor, Washer(s)
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Engineered Hardwood, Vinyl Plank
  • Interior Amenities: Ceramic Tile, Second Primary Bedroom, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Fireplace (Primary Bedroom), French Doors, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Wired for Generator, Fireplace, Water Heater
  • Living Area: 2479
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Bathrooms: 2
  • BathsFullMain: 0
  • FireplacesMain: 2
  • SquareFootageFinished: 2479
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Trash Compactor,Washer(s)
  • NWM_NumberOfBathtubs: 0
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Bay, Strait
  • Lot Features: Corner Lot, Paved
  • Pool Features: Community
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • PoolType: Community
  • WaterAccess: Community Waterfront/Pvt Beach

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: RV Parking, Driveway, Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other – See Remarks, Tankless Water Heater
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: Septic
  • WaterCompany: Cape George Community Water
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Electric Tankless
  • CableConnected: Astound
  • InternetConnected: Astound

Condo/Co-op/Association

  • Community Features: Boat Launch, CCRs, Club House, Park, Playground, Trail(s)
  • Senior Community: No
  • Association Fee: 103
  • Association Fee Frequency: Monthly
  • Phone: 360-385-1177
  • Association: Yes
  • AssociationContactName: Marnie Levy

Schools

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

Lot Info

  • Parcel Number: 939001204
  • Topography: Level,PartialSlope
  • Land Lease: No
  • Lot Size Acres: 0.39
  • Lot Size Sq Ft: 16988
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,High Speed Internet,Hot Tub/Spa,Patio,Propane,RV Parking,Sprinkler System
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: County
  • LotNumber: 4
  • IrrigationComments: 8 zones

Green Features

  • Power Production Type: Electric

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7838

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Salish Coast Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Jul 12, 2024
Sold by
Barbara Solomon Living Trust and Solomon Barbara
Bought by
Craig R Schmidt And Juleine Ducharme Schmidt and Schmidt
Seller's Agent
Nicole Blasucci
Coldwell Banker Best Homes
Buyer's Agent
Paul Rice
COMPASS
List Price
$1,395,000
Sold Price
$1,269,000
Premium/Discount to List
-$126,000
-9.03%
Views
41
Current Estimated Value
$1,333,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,743
Avg. Annual Appreciation
8.30%

Purchase Details

Closed on
Nov 26, 2013
Sold by
Lorenz Lowell J and Lorenz Gina M
Bought by
Solomon Barbara and Barbara Solomon Living Trust
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 Buyer Sale Price Title Company
Craig R Schmidt And Juleine Ducharme Schmidt $1,269,000 Horizon Title Group
Solomon Barbara -- First American Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $1,269,000 -2.0% $512 / Sq Ft
06/15/2024 06/15/24 Pending -- -- --
05/31/2024 05/31/24 Price Changed $1,295,000 -0.4% $522 / Sq Ft
05/17/2024 05/17/24 Price Changed $1,300,000 -5.5% $524 / Sq Ft
05/10/2024 05/10/24 Price Changed $1,375,000 -1.4% $555 / Sq Ft
05/03/2024 05/03/24 For Sale $1,395,000 -- $563 / 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 $7,838 $1,154,022 $231,000 $923,022
2023 $7,838 $897,276 $215,250 $682,026
2022 $6,036 $851,025 $200,000 $651,025
2021 $5,825 $628,723 $155,250 $473,473
2020 $5,538 $569,365 $148,500 $420,865
2019 $4,785 $527,543 $141,750 $385,793
2018 $4,967 $485,721 $135,000 $350,721
2017 $1,546 $443,630 $130,000 $313,630
2016 $1,447 $143,000 $143,000 $0
2015 $1,448 $143,000 $143,000 $0
2014 -- $143,000 $143,000 $0
2013 -- $130,000 $130,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2229782

Northwest Multiple Listing Service (NWMLS)

APN: 939001204