Listed by Better Properties Gig Harbor, Bought with RE/MAX Northwest
NOT LISTED FOR SALE

5113 Key Peninsula Hwy SW Lakebay, WA 98351

Estimated Value: $370,000 - $584,000

2 Beds
2 Baths
1,500 Sq Ft
$340/Sq Ft Est. Value

Last Sold March 16, 2018

Last sale price $280,000 $187 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $2,968/month

169 Days on Market

Highlights

  • Views of a Sound
  • Wooded Lot
  • Softwood Flooring
  • Property Fronts a Bay or Harbor
  • Traditional Architecture
  • 1 Fireplace

About This Home

As of March 2018

Waterfront cottage overlooking the Sound & Mt. Rainier. Moorage is 2 mins walking distance. Revive this little fixer w/360 ft waterfront on 2 parcels just the way you like it! Main level has 2 bdrms, 1 full bath, kitchen, dining area, liv rm w/woodstove, enclosed porch. Basement (access from outside stairs) is finished into a liv. area w/kit & full bath. Take advantage of the views & add a 2nd story+garage expansion. Boaters visit this area a lot, rent both spaces for Air B&B rental income!

Last Agent to Sell the Property

Deborah Townsend

Better Properties Gig Harbor License #111675 Listed on: 08/16/2017

Better Properties Gig Harbor

Last Buyer's Agent

Jo Jensen

RE/MAX Northwest License #21203

RE/MAX Northwest

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1180684

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,088

Year Built

  • Built in 1945

Lot Details

  • Property Fronts a Bay or Harbor
  • Level Lot
  • Wooded Lot

Parking

  • Detached Carport Space

Property Views

  • Views of a Sound
  • Bay
  • Mountain

Home Design

  • Traditional Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Finished Basement
  • Natural lighting in basement
  • Oven or Range

Flooring

  • Softwood
  • Vinyl

Additional Features

  • Bulkhead
  • Septic System

Community Details

  • Longbranch Community

Listing and Financial Details

  • Assessor Parcel Number 0020242037

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,088

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Traditional
  • Building Information: Additional Dwelling
  • Entrance Level: Main
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen
  • Floor Covering: Fir/Softwood, Vinyl
  • Appliances That Stay: Range/Oven
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 2.00
  • Total Full Bathrooms: 2
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Basement: Daylight, Fully Finished
  • Kitchen: Lower
  • Living Room: Lower
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 1500
  • Square Footage Finished: 1500

Exterior Features

  • Exterior: Wood
  • Roof: Composition
  • View: Bay, Mountain, Sound
  • Waterfront: Bank-High, Bay, Bulkhead
  • Waterfront Frontage: 360

Garage/Parking

  • Parking Type: Carport-Detached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air, Stove/Free Standing
  • Sewer: Septic
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Longbranch

Schools

  • School District: PEN

Lot Info

  • Lot Sq Ft: 89733
  • Lot Topography Vegetation: Level, Partial Slope, Wooded
  • Parcel Number: 0020242037
  • Lot Topography: Level, Partial Slope, Wooded

Tax Info

  • Tax Amount: 2051

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2020
Sold by
Gorman Michele
Bought by
Digirolamo Michele Gorman
Current Estimated Value
$497,631

Purchase Details

Listed on
Aug 16, 2017
Closed on
Mar 8, 2018
Sold by
Digirolamo Philip Lindy
Bought by
Digirolamo Michele Gorman
Seller's Agent
Deborah Townsend
Better Properties Gig Harbor
Buyer's Agent
Jo Jensen
RE/MAX Northwest
List Price
$346,000
Sold Price
$280,000
Premium/Discount to List
-$66,000
-19.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Digirolamo Michele Gorman -- None Available
Digirolamo Michele Gorman -- Wfg National Title Company
Gorman Michele $279,719 Wfg National Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gorman Michele $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2018 03/16/18 Sold $280,000 -6.6% $187 / Sq Ft
02/03/2018 02/03/18 Pending -- -- --
02/02/2018 02/02/18 Price Changed $299,900 -13.3% $200 / Sq Ft
08/17/2017 08/17/17 For Sale $346,000 -- $231 / 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
2025 $3,088 $366,800 $213,400 $153,400
2024 $3,088 $368,900 $213,400 $155,500
2023 $3,088 $334,200 $200,000 $134,200
2022 $2,830 $340,400 $181,400 $159,000
2021 $2,655 $239,200 $122,700 $116,500
2019 $2,212 $213,400 $100,700 $112,700
2018 $32 $200,700 $94,600 $106,100
2017 $32 $176,900 $85,400 $91,500
2016 $28 $153,800 $80,900 $72,900
2014 $27 $135,900 $65,200 $70,700
2013 $27 $131,100 $65,200 $65,900
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Deborah Townsend

    Better Properties Gig Harbor

    (253) 230-5202

    18 Total Sales

    Section Image
  • Jo Jensen

    Buyer's Agent in 2018

    Jo Jensen

    RE/MAX Professionals

    (253) 853-8153

    16 in this area

    155 Total Sales

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1180684

Northwest Multiple Listing Service (NWMLS)

APN: 002024-2037

Washington Pierce County Lakebay 98351

5113 Key Peninsula Hwy SW, Lakebay, WA

This home is located at 5113 Key Peninsula Hwy SW, Lakebay, WA 98351 since 16 August 2017 and is currently estimated at $509,416, approximately $339 per square foot. This property was built in 1945. 5113 Key Peninsula Hwy SW is a home located in Pierce County with nearby schools including Evergreen Elementary School, Key Peninsula Middle School, and Peninsula High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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