507 E Wapato Ave Chelan, WA 98816
Chelan AreaEstimated payment $3,993/month
Highlights
- Property is near public transit and bus stop
- Forced Air Heating and Cooling System
- Patio
- No HOA
- Views
- Bathroom on Main Level
About This Home
Opportunity awaits in the heart of Lake Chelan! Extensively renovated with a studs-out remodel in 2022 and over $225,000 invested in upgrades, this turnkey property offers a perfect blend of modern comfort, prime location, & income-producing potential. Just blocks from the lake & downtown, this home is ideally positioned as either a full-time residence, vacation retreat, or high-performing short-term rental. This spacious 5 bedroom 2,460-square-foot home features a fully fenced & shaded front yard creating a welcoming outdoor retreat, while the private back patio is designed for entertaining with covered dining, sectional seating around a firepit, and detached storage shed. Inside, nearly every surface & system has been updated, including flooring, appliances, bathrooms, HVAC (AC!), electrical, plumbing, windows, and more. The living room is anchored by a charming bay window framing beautiful mountain views an expansive dining area comfortably seating 10 guests, 3 bedrooms & a tiled bath with radiant flooring. Two light-filled oversized bedrooms upstairs sharing a full bath. A massive unfinished attic presents potential for future expansion — a bunk room or play area. Thoughtfully redesigned, this move-in-ready property offers flexibility, charm, & proven rental performance in one of Washington’s most sought-after vacation destinations. Inspection report & rental statements available. Schedule a private tour today!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2530295
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,512
Year Built
- Built in 1937
Lot Details
- 4,356 Sq Ft Lot
- South Facing Home
- Property is Fully Fenced
- Level Lot
- Sprinkler System
- Garden
- Property is in very good condition
Home Design
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 2,460 Sq Ft Home
- 2-Story Property
- Dining Room
- Washer
- Property Views
- Unfinished Basement
Kitchen
- Stove
- Microwave
- Dishwasher
Flooring
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- Bathroom on Main Level
Parking
- Detached Carport Space
- Driveway
Outdoor Features
- Patio
- Outbuilding
Location
- Property is near public transit and bus stop
Utilities
- Forced Air Heating and Cooling System
- Ductless Heating Or Cooling System
- Heat Pump System
- Radiant Heating System
- Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Chelan Subdivision
Listing and Financial Details
- Down Payment Assistance Available
- Visit Down Payment Resource Website
- Assessor Parcel Number 272213512538
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,334 | $519,097 | $159,600 | $359,497 |
| 2024 | $3,109 | $475,403 | $201,600 | $273,803 |
| 2023 | $3,109 | $459,741 | $201,600 | $258,141 |
| 2022 | $2,660 | $398,103 | $120,960 | $277,143 |
| 2021 | $2,776 | $306,498 | $80,640 | $225,858 |
| 2020 | $2,238 | $307,905 | $80,640 | $227,265 |
| 2019 | $2,530 | $240,030 | $44,688 | $195,342 |
| 2018 | $2,640 | $279,126 | $40,656 | $238,470 |
| 2017 | $1,854 | $262,568 | $36,960 | $225,608 |
| 2016 | $1,499 | $196,649 | $33,600 | $163,049 |
| 2015 | $1,499 | $154,245 | $33,600 | $120,645 |
| 2013 | $1,499 | $155,981 | $30,000 | $125,981 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/01/2026 07/01/26 | Price Changed | $685,000 | -2.0% | $278 / Sq Ft | |
| 06/15/2026 06/15/26 | For Sale | $699,000 | 0.0% | $284 / Sq Ft | |
| 06/06/2026 06/06/26 | Pending | -- | -- | -- | |
| 05/29/2026 05/29/26 | For Sale | $699,000 | +72.6% | $284 / Sq Ft | |
| 08/27/2021 08/27/21 | Sold | $405,000 | -5.2% | $165 / Sq Ft | View Prior Sale |
| 06/14/2021 06/14/21 | Pending | -- | -- | -- | |
| 06/07/2021 06/07/21 | For Sale | $427,000 | -- | $174 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $405,000 | North Meridian T&E Llc |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $364,500 | New Conventional |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2530295
APN: 272213512538
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Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.