Listed by Orcas Island Realty
NOT LISTED FOR SALE

503 Foster Point Rd Orcas, WA 98280

Estimated Value: $1,489,000 - $1,709,000

3 Beds
2 Baths
1,376 Sq Ft
$1,148/Sq Ft Est. Value

Last Sold October 12, 2023

Last sale price $1,560,000 $1,134 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,865/month

132 Days on Market

Highlights

  • Ocean View
  • Barn
  • Fruit Trees
  • Orcas Island High School Rated A
  • Spa
  • Deck

About This Home

As of October 2023

Magical private south-facing water view property with guest house. Desirable combination of 3 bed/2 ba. main house w/water views & 2 bed/1 ba. guest house w/studio, shop & work spaces. Situated on 5.32 ac. by the Orcas Landing, this enchanting property is nestled between forests & meadows, offering end-of-the road privacy. Spend summers reading on your pier by the 20’ deep swimming pond or in the large fenced garden nurturing the fruit trees, flowers & vegetables. Two pond-side writing/nesting studios for additional getaway space. Barn/shop w/loft for projects/storage. Carport w/built-in storage, stone pathways, hot tub, fir floors, trim & cabinets, outdoor pizza oven. Active Vacation rental permit, excellent well, 2 septic systems.

Last Agent to Sell the Property

Lisa Wolford

Orcas Island Realty License #11203 Listed on: 04/18/2023

Co-Listed By

Asya Eberle

Orcas Island Realty License #22011283

Last Buyer's Agent

Asya Eberle

Orcas Island Realty License #22011283

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2054213

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,074

Year Built

  • Built in 1999

Lot Details

  • 5.32 Acre Lot
  • Open Space
  • Southwest Facing Home
  • Partially Fenced Property
  • Secluded Lot
  • Level Lot
  • Fruit Trees
  • Wooded Lot
  • Garden
  • Zoning described as RFF

HOA Fees

  • $16 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Detached Carport Space

Property Views

  • Ocean
  • Views of a Sound
  • Bay
  • Mountain
  • Territorial
  • Limited

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,376 Sq Ft Home
  • 2-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Dining Room
  • Storm Windows
  • Finished Basement

Kitchen

  • Oven or Range
  • Stove

Flooring

  • Softwood
  • Laminate

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deck
  • Outbuilding

Additional Homes

  • 768 SF Accessory Dwelling Unit
  • ADU includes 2 Bedrooms and 1 Bathroom

Farming

  • Barn
  • Pasture

Utilities

  • Heating System Mounted To A Wall or Window
  • Propane
  • Private Water Source
  • Water Heater
  • Septic Tank
  • High Speed Internet

Community Details

  • Built by Minnis Const. & Del Mar Const. & DeMerit
  • Orcas Subdivision

Listing and Financial Details

  • Assessor Parcel Number 262423001000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,074

Year Built

Built in 1999

Lot Details

0

HOA Fees

$16 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1999
  • Inclusions: Dryer,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 2144
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • AccessoryDwellingUnit: DetachedDwelling
  • DetachedDwellingSqFtFinished: 768
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Basement: Finished
  • Private Spa: Yes
  • Appliances: Dryer, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Softwood, Laminate
  • Interior Amenities: Fir/Softwood, Laminate, Bath Off Primary, Double Pane/Storm Window, Dining Room, Fireplace, Water Heater
  • Living Area: 1376
  • Bathrooms: 2
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 1376
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 1
  • AppliancesIncluded: Dryer,Refrigerator,Stove/Range,Washer
  • ADUBaths: 1
  • ADUBeds: 2

Exterior Features

  • Roof: Metal
  • View: Bay, Mountain(s), Ocean, Partial, Sound, Territorial
  • Lot Features: Open Space, Secluded
  • View: Yes
  • Waterfront: No
  • Builder Name: Minnis Const. & Del Mar Const. & DeMerit
  • Direction Faces: Southwest
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: Yes
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Carport, Attached Garage
  • Total Parking Spaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Private
  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove/Free Standing, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: OPALCO
  • WaterHeaterLocation: Downstairs utility room
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 192
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: Orcas Island
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 262423001000
  • Topography: Level,PartialSlope,Terraces
  • Land Lease: No
  • Lot Size Acres: 5.32
  • Lot Size: 231739
  • Lot Size Sq Ft: 231739
  • Zoning Description: RFF
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Barn,Deck,Fenced-Partially,High Speed Internet,Hot Tub/Spa,Outbuildings,Propane,Shop
  • MLSLotSizeSource: Assessor
  • MLSSquareFootageSource: SJC Assessor
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: true

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6074

Multi Family

  • EnergySource: Electric,Wood

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2023
Closed on
Oct 10, 2023
Sold by
Demeritt Sean B
Bought by
Marino Peter Joseph and Bright Emma Elizabeth
Seller's Agent
Lisa Wolford
Orcas Island Realty
Buyer's Agent
Asya Eberle
Orcas Island Realty
List Price
$1,675,000
Sold Price
$1,560,000
Premium/Discount to List
-$115,000
-6.87%
Views
93
Current Estimated Value
$1,579,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,719
Avg. Annual Appreciation
0.65%
Original Mortgage
$156,000
Outstanding Balance
$13,354
Interest Rate
7.18%
Estimated Equity
$1,566,365

Purchase Details

Listed on
Apr 18, 2023
Closed on
Sep 6, 2023
Sold by
Weeks Rebecca Louise
Bought by
Demeritt Sean
Seller's Agent
Lisa Wolford
Orcas Island Realty
Buyer's Agent
Asya Eberle
Orcas Island Realty
List Price
$1,675,000
Sold Price
$1,560,000
Premium/Discount to List
-$115,000
-6.87%
Views
93

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Outstanding Balance
$13,354
Interest Rate
7.18%
Estimated Equity
$1,566,365

Purchase Details

Closed on
Jul 24, 2005
Sold by
Demeritt Deborah
Bought by
Demeritt Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 21, 2005
Sold by
Demeritt Stephen and Demeritt Carol
Bought by
Demeritt Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
5.56%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Marino Peter Joseph $1,560,000 Chicago Title
Demeritt Sean -- Chicago Title
Demeritt Sean -- San Juan Title Insurance
Demeritt Sean -- San Juan Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marino Peter Joseph $156,000
Open Marino Peter Joseph $1,248,000
Previous Owner Demeritt Sean B $390,000
Previous Owner Demeritt Sean $162,500
Previous Owner Demeritt Sean $330,000
Previous Owner Demeritt Sean B $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2023 10/12/23 Sold $1,560,000 -6.9% $1,134 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $1,675,000 -- $1,217 / 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 $6,069 $1,128,280 $366,600 $761,680
2023 $6,069 $1,118,980 $366,600 $752,380
2022 $5,809 $1,012,850 $282,000 $730,850
2021 $5,658 $778,270 $282,000 $496,270
2020 $5,367 $727,070 $235,000 $492,070
2019 $4,625 $671,180 $202,480 $468,700
2018 $4,617 $743,600 $573,180 $170,420
2017 $3,626 $575,490 $168,730 $406,760
2016 $4,116 $497,140 $177,160 $319,980
2015 $4,116 $514,550 $177,160 $337,390
2014 $4,116 $547,920 $186,480 $361,440
2012 $4,116 $530,430 $174,280 $356,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2054213

Northwest Multiple Listing Service (NWMLS)

APN: 262423-001-000