Listed by KW South Whidbey, Bought with KW South Whidbey
NOT LISTED FOR SALE

5257 Rain Drop Ln Freeland, WA 98249

Estimated Value: $400,000 - $524,000

1 Bed
1 Bath
680 Sq Ft
$665/Sq Ft Est. Value

Last Sold April 14, 2016

Last sale price $190,000 $279 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $2,598/month

208 Days on Market

Highlights

  • Views of a Sound
  • Fruit Trees
  • Secluded Lot
  • RV Access or Parking
  • Deck
  • 1 Fireplace

About This Home

As of April 2016

Great little fishing cabin built in 1955. Perfect for weekends or to build a larger dream home. Cabin is surrounded by mature landscaping and evergreens for privacy. Western facing view of sound and mountains. Fun for ship watching and enjoying beautiful sunsets. Close proximity to shopping, restaurants, public boat launch and beaches.

Last Agent to Sell the Property

Andy O'Brien

KW South Whidbey Listed on: 08/10/2015

Co-Listed By

Mary Kay Perrigo

Windermere RE/Capitol Hill,Inc License #109460

Last Buyer's Agent

Suzanne Leisher

KW South Whidbey License #22015961

KW South Whidbey

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM829516

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,729

Year Built

  • Built in 1955

Lot Details

  • Open Space
  • Street terminates at a dead end
  • Brush Vegetation
  • Secluded Lot
  • Corner Lot
  • Level Lot
  • Fruit Trees
  • Wooded Lot
  • Garden
  • Drought Tolerant Landscaping

Property Views

  • Views of a Sound
  • Mountain
  • Territorial

Home Design

  • Cabin
  • Concrete Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Bathroom
  • 1 Fireplace

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Septic System
  • Cable TV Available

Community Details

  • Freeland Community

Listing and Financial Details

  • Assessor Parcel Number S622500000590

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,729

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Cabin
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Dbl Pane/Storm Windw
  • Floor Covering: Vinyl, Wall To Wall Carpet
  • Bedrooms: 1.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 0.75
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Master Bedroom: Main
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Dining Room: Main
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 680
  • Square Footage Finished: 680

Exterior Features

  • Exterior: Wood
  • Foundation: Concrete Ribbon
  • Roof: Composition
  • View: Mountain, Sound, Territorial

Garage/Parking

  • Parking Type: Off Street

Utilities

  • Heating And Cooling: Baseboard, Wall
  • Power Company: PSE
  • Sewer: Septic
  • Water Company: Bush Point Tracpark
  • Water Heater: Utility Closet-Electric
  • Water Source: Community

Condo/Co-op/Association

  • Community Name: Freeland

Schools

  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify
  • School District: SWI

Lot Info

  • Lot Details: Corner Lot, Dead End Street, Drought Res Landscpe, Open Space, Paved Street, Secluded
  • Lot Sq Ft: 36991
  • Lot Topography Vegetation: Brush, Fruit Trees, Garden Space, Level, Partial Slope, Wooded
  • Parcel Number: S622500000590
  • Lot Topography: Brush, Fruit Trees, Garden Space, Level, Partial Slope, Wooded

Tax Info

  • Tax Amount: 978

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2015
Closed on
Apr 11, 2016
Sold by
Ward Formanek Sibyl M and Formanek Stephen R
Bought by
Diefenbach Alicia C
Seller's Agent
Andy O'Brien
KW South Whidbey
Buyer's Agent
Suzanne Leisher
KW South Whidbey
List Price
$210,000
Sold Price
$190,000
Premium/Discount to List
-$20,000
-9.52%
Current Estimated Value
$452,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,068
Avg. Annual Appreciation
9.53%
Original Mortgage
$126,000
Outstanding Balance
$99,695
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$352,373

Purchase Details

Closed on
Feb 9, 2006
Sold by
Ward Formanek Sibyl M and Ward Sibyl M
Bought by
Formanek Stephen R and Ward Formanek Sibyl M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.25%
Mortgage Type
New Conventional
Source: Public Records

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
Diefenbach Alicia C -- Premier Title Island County
Formanek Stephen R -- Chicago Title Co Island Div
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diefenbach Alicia C $126,000
Previous Owner Formanek Stephen R $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2016 04/14/16 Sold $190,000 0.0% $279 / Sq Ft
03/06/2016 03/06/16 Pending -- -- --
01/04/2016 01/04/16 Price Changed $190,000 -9.5% $279 / Sq Ft
08/10/2015 08/10/15 For Sale $210,000 -- $309 / 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 $2,729 $375,874 $270,000 $105,874
2024 $2,433 $377,548 $270,000 $107,548
2023 $2,433 $369,222 $260,000 $109,222
2022 $1,840 $340,417 $240,000 $100,417
2021 $1,596 $228,637 $140,000 $88,637
2020 $1,821 $201,309 $115,000 $86,309
2019 $1,455 $236,778 $180,000 $56,778
2018 $1,407 $186,995 $130,000 $56,995
2017 $1,144 $167,430 $110,000 $57,430
2016 $1,080 $148,301 $90,000 $58,301
2015 -- $135,253 $90,000 $45,253
2013 -- $116,460 $72,250 $44,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM829516

Northwest Multiple Listing Service (NWMLS)

APN: S6225-00-00059-0