NOT LISTED FOR SALE

497 Forrest Way Camano Island, WA 98282

Estimated Value: $393,611 - $424,000

1 Bed
1 Bath
816 Sq Ft
$503/Sq Ft Est. Value

Last Sold June 22, 2022

Last sale price $375,000 $460 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,494/month

22 Days on Market

Highlights

  • 75 Feet of Waterfront
  • Spa
  • Lake View
  • Docks
  • RV Access or Parking
  • 3.56 Acre Lot

About This Home

As of June 2022

You can own a custom waterfront home with no HOA. This property has plenty of cleared land, with available utilities. Plus, a tiny house to hang out in while you build. Temperature controlled garage storage, too. No current septic, but soil test was done in 2016. The 384 sq ft tiny house has RV type holding tank. It’s possible to decide on a personal floor plan and fixtures while staying under the budget of other Camano waterfront homes. More than just a view - the lake is completely on this approx 3.5 acre parcel. Riding mower and kayak stay with the property. Security cameras record trespassing.

Last Listed By

Jared English

Congress Realty License #50330 Listed on: 05/17/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1935767

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,226

Year Built

  • Built in 2021

Lot Details

  • 3.56 Acre Lot
  • 75 Feet of Waterfront
  • Lake Front
  • Open Space
  • Street terminates at a dead end
  • Brush Vegetation
  • Secluded Lot
  • Level Lot
  • Fruit Trees
  • Wooded Lot
  • Garden
  • Value in Land
  • Zoning described as 10

Parking

  • 2 Car Detached Garage
  • RV Access or Parking

Property Views

  • Lake
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 816 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Stove
  • Microwave

Flooring

  • Engineered Wood
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Spa Bath

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Docks

Additional Homes

  • 384 SF Accessory Dwelling Unit
  • ADU includes 1 Bedroom

Utilities

  • Propane
  • Shared Well
  • Water Heater
  • Sewer Not Available

Community Details

  • No Home Owners Association
  • Camano Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number R231144404110

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,226

Year Built

Built in 2021

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 2021
  • Inclusions: Dryer,Microwave,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 1200
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • AccessoryDwellingUnit: DetachedDwelling
  • DetachedDwellingSqFtFinished: 384
  • Special Features: NewHome
  • Cumulative Days on Market: 1,069

Interior Features

  • Private Spa: Yes
  • Appliances: Dryer, Microwave, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Engineered Hardwood, Laminate
  • Interior Amenities: High Efficiency - 90%+, Laminate Hardwood, Hot Tub/Spa, Water Heater
  • Living Area: 816
  • Bathrooms: 1
  • BathsFullMain: 1
  • SquareFootageFinished: 816
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 1
  • AppliancesIncluded: Dryer,Microwave,Refrigerator,Stove/Range,Washer
  • ADUBeds: 1

Exterior Features

  • Roof: Composition
  • View: Lake, See Remarks, Territorial
  • Lot Features: Dead End Street, Open Space, Paved, Secluded, Value In Land
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete, See Remarks
  • Structure Type: House
  • WaterfrontFootage: 75

Garage/Parking

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

Utilities

  • Sewer: None
  • Water Source: Community, Shared Well
  • Heating Yn: Yes
  • Utilities: Propane, Electricity Available, Propane
  • HeatingCoolingType: 90%+ High Efficiency
  • PowerCompany: PUD
  • WaterCompany: Camano Community
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Stanwood-Camano

Lot Info

  • Parcel Number: R231144404110
  • Topography: Level,PartialSlope,Terraces
  • Land Lease: No
  • Lot Size Acres: 3.56
  • Lot Size Sq Ft: 155074
  • Zoning Description: 10
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Dock,Hot Tub/Spa,Propane,RV Parking,Shop
  • MLSLotSizeSource: Owner
  • MLSSquareFootageSource: Owner

Green Features

  • Efficiency: High Efficiency - 90%+
  • Power Production Type: Electric, Propane

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1226

Multi Family

  • EnergySource: Electric,Propane

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Jun 22, 2022
Sold by
Matthew Halifax Aaron
Bought by
Halifax Reagan
Seller's Agent
Jared English
Congress Realty
Buyer's Agent
Lisa Sprute
RE/MAX Northwest
List Price
$375,000
Sold Price
$375,000
Total Days on Market
22
Current Estimated Value
$410,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,153
Avg. Annual Appreciation
3.17%

Purchase Details

Listed on
May 17, 2022
Closed on
Jun 14, 2022
Sold by
Elfering Lori A
Bought by
Halifax Reagan
Seller's Agent
Jared English
Congress Realty
Buyer's Agent
Lisa Sprute
RE/MAX Northwest
List Price
$375,000
Sold Price
$375,000

Purchase Details

Closed on
Oct 29, 2019
Sold by
Hanke Joseph and Estate Of Annette Hanke
Bought by
Elfering Lori A

Purchase Details

Closed on
Nov 29, 2005
Sold by
Finch David M and Howerton Finch Sylvia
Bought by
Hanke Annette

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
Halifax Reagan -- First American Title
Halifax Reagan -- First American Title
Elfering Lori A $105,000 First American Title Ins Co
Hanke Annette $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Finch David $13,343
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2022 06/22/22 Sold $375,000 0.0% $460 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $375,000 -- $460 / 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 $2,636 $348,575 $300,000 $48,575
2023 $2,636 $338,934 $290,000 $48,934
2022 $1,377 $206,526 $180,000 $26,526
2021 $1,226 $142,993 $140,000 $2,993
2020 $1,332 $123,144 $120,000 $3,144
2019 $1,903 $132,661 $130,000 $2,661
2018 $1,637 $192,837 $190,000 $2,837
2017 $1,479 $152,926 $150,000 $2,926
2016 $959 $153,103 $150,000 $3,103
2015 $980 $93,205 $79,744 $13,461
2013 -- $93,205 $79,744 $13,461
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1935767

Northwest Multiple Listing Service (NWMLS)

APN: R23114-440-4110