Listed by Windermere RE Skagit Valley, Bought with COMPASS
NOT LISTED FOR SALE

508 Rainbow Dr Sedro Woolley, WA 98284

Estimated Value: $532,000 - $608,000

2 Beds
2 Baths
1,500 Sq Ft
$373/Sq Ft Est. Value

Sale Details

Date Sold: September 27, 2024

Last sale price $549,000 $366 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,353 / mo

50 Days on Market

Highlights

  • 123 Feet of Waterfront
  • Clubhouse
  • Vaulted Ceiling
  • Lake View
  • Secluded Lot
  • 2 Fireplaces

About This Home

As of September 2024

Motivated Sellers! 123 feet of lakefront property on Reed Lake (2 lots) in Whatcom County! 2 beds, 2 full baths, w/large detached 2-car garage/shop w/skylights and view. Enjoy a beautiful Japanese bridge connecting garage to house. Spacious open floor plan with vaulted ceilings and propane fireplace with slate surround. Very light and bright with sun all day. There are no neighbors on either side of you, which allows for privacy. Plenty of room for a sunny garden. Double decks for entertaining, downstairs deck is covered for those rainy days. Access to lower deck from bedrooms. Enjoy all that Glenhaven has to offer, clubhouse, tennis court, seasonal pool and 2 lakes. Paddle over to treasure island bring a picnic & fishing pole!

Last Agent to Sell the Property

Geri Cole

Windermere RE Skagit Valley License #120713 Listed on: 07/10/2024

Windermere RE Skagit Valley

Last Buyer's Agent

Alana Mey

COMPASS License #121114

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2263017

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,795

Year Built

  • Built in 1998

Lot Details

  • 17,424 Sq Ft Lot
  • Lot Dimensions are 120x171x123x147
  • 123 Feet of Waterfront
  • Lake Front
  • Brush Vegetation
  • Secluded Lot
  • Level Lot
  • Garden
  • Property is in good condition

HOA Fees

  • $69 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Property Views

  • Lake
  • Mountain
  • Territorial

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Electric Fireplace
  • Gas Fireplace

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Slate Flooring
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Propane
  • Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Becky Dodd Association
  • Secondary HOA Phone (360) 595-2061
  • Glenhaven Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,795

Year Built

Built in 1998

Lot Details

0.4 Acres

HOA Fees

$69 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 12 - 2 Story
  • Year Built: 1998
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 1500
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2263017?w=Consumer&agent=104638
  • Special Features: None

Interior Features

  • Fireplaces: 2
  • Appliances: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Electric, Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Slate, Vinyl, Carpet
  • Interior Amenities: Ceiling Fan(s), Ceramic Tile, Fireplace, Skylight(s), Vaulted Ceiling(s), Wall to Wall Carpet, Water Heater
  • Living Area: 1500
  • Main Level Bathrooms: 1
  • BathsFullMain: 1
  • SquareFootageFinished: 1500
  • SquareFootageUnfinished: 0
  • BathsFullLower: 1
  • BathsFullUpper: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)

Exterior Features

  • Roof: Composition
  • View: Lake, Mountain(s), Territorial
  • Lot Features: Paved, Secluded
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: House
  • WaterfrontFootage: 123
  • WaterAccess: Community Waterfront/Pvt Beach

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • WaterCompany: Glenhaven
  • WaterHeaterLocation: Closet
  • WaterHeaterType: Electric
  • CableConnected: Astound
  • InternetConnected: Astound

Condo/Co-op/Association

  • Community Features: CCRs, Club House, Park, Playground
  • Senior Community: No
  • Association Fee: 69
  • Association Fee Frequency: Monthly
  • Phone: 360-595-2061
  • Association: Yes
  • AssociationContactName: Becky Dodd

Schools

  • Junior High Dist: Mount Baker
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3704291190340000
  • Topography: Level,Partial Slope,Terraces
  • Land Lease: No
  • Lot Size Acres: 0.4
  • Lot Size: 120X171X123X147
  • Lot Size Sq Ft: 17424
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Propane
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • LotNumber: 24-25

Green Features

  • Power Production Type: Electric, Propane

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3795

Multi Family

  • EnergySource: Electric,Propane

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2024
Closed on
Sep 26, 2024
Sold by
Stephens Loving Trust and Stephens Dylan
Bought by
Scott Daphne Ann
Seller's Agent
Geri Cole
Windermere RE Skagit Valley
Buyer's Agent
Alana Mey
COMPASS
List Price
$598,500
Sold Price
$549,000
Premium/Discount to List
-$49,500
-8.27%
Views
28
Current Estimated Value
$558,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,903
Avg. Annual Appreciation
1.12%
Original Mortgage
$384,300
Outstanding Balance
$378,876
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$180,027

Purchase Details

Closed on
Dec 20, 2012
Sold by
Holzer William F
Bought by
Stephens Dylan and Stephens Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
2.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2006
Sold by
Lingbloom Craig
Bought by
Skreen Mitchell T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
6.19%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Scott Daphne Ann $549,000 Guardian Northwest Title
Stephens Dylan $160,880 Chicago Title Insurance
Skreen Mitchell T $252,280 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scott Daphne Ann $384,300
Previous Owner Stephens Dylan $100,000
Previous Owner Skreen Mitchell T $201,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Sold $549,000 0.0% $366 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
07/18/2024 07/18/24 Price Changed $549,000 -8.3% $366 / Sq Ft
07/10/2024 07/10/24 For Sale $598,500 -- $399 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $3,839 $553,309 $288,750 $264,559
2024 $3,795 $526,422 $260,580 $265,842
2023 $3,795 $566,058 $280,200 $285,858
2022 $3,555 $498,725 $246,870 $251,855
2021 $3,152 $395,816 $195,930 $199,886
2020 $3,104 $311,665 $154,275 $157,390
2019 $2,855 $303,029 $150,000 $153,029
2018 $3,215 $302,523 $113,734 $188,789
2017 $2,589 $264,371 $99,433 $164,938
2016 $2,476 $226,703 $84,673 $142,030
2015 $2,558 $214,585 $81,180 $133,405
2014 -- $214,585 $81,180 $133,405
2013 -- $200,216 $82,000 $118,216
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2263017

Northwest Multiple Listing Service (NWMLS)

APN: 370429-121037-0000

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