NOT LISTED FOR SALE

535 Reed St Port Townsend, WA 98368

Estimated Value: $544,000 - $747,000

2 Beds
1 Bath
740 Sq Ft
$879/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $475,000 $642 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,922/month

7 Days on Market

Highlights

  • Strait Views
  • Deck
  • 1 Fireplace
  • Cape Cod Architecture
  • Softwood Flooring
  • Corner Lot

About This Home

As of August 2020

TWO small homes at the top of Morgan Hill! Great location between Uptown and Fort Worden, a 400+ acre State Park. Original home is a 1930's bungalow. Old-fashioned ___ sq ft with wood floors. Larger BR was added on. In 2009 a two-story ADU was added to the property. The bedroom is upstairs. Bathroom on each floor, stacking washer/dryer in 1st floor bathroom. A bit of view of the water from the 2nd floor of the ADU. Two second floor decks. Quiet and very coveted neighborhood.

Last Agent to Sell the Property

Teri Nomura

Bell Tower Brokers License #20757 Listed on: 07/03/2020

Last Buyer's Agent

Paul Rice

COMPASS License #24002485

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1624714

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,521

Year Built

  • Built in 1930

Lot Details

  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Property is zoned R2

Parking

  • Detached Carport Space

Property Views

  • Strait Views
  • City
  • Territorial

Home Design

  • Cape Cod Architecture
  • Pillar, Post or Pier Foundation
  • Poured Concrete
  • Shake Roof
  • Composition Roof
  • Metal Roof
  • Wood Composite

Interior Spaces

  • 1 Fireplace
  • Oven or Range

Flooring

  • Softwood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Additional Features

  • Deck
  • High Speed Internet

Community Details

  • Morgan Hill Community

Listing and Financial Details

  • Assessor Parcel Number 974101504

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,521

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 10 - 1 Story
  • Architecture: Cape Cod
  • Approved Accessory Dwelling: Main
  • Building Information: Built On Lot
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Dbl Pane/Storm Windw, Skylights, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Ceramic Tile, Fir/Softwood
  • Appliances That Stay: Dryer, Range/Oven, Refrigerator, Washer
  • Bedrooms: 2.00
  • Main Floor Bedrooms: 2
  • Bathrooms: 1.00
  • Total Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Fireplaces: 1
  • Fireplaces Main: 1
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 740
  • Square Footage Finished: 740

Exterior Features

  • Construction Methods: Standard Frame
  • Exterior: Wood Products
  • Foundation: Post And Pillar, Poured Concrete
  • Roof: Cedar Shake, Composition, Metal
  • View: City, Strait, Territorial

Garage/Parking

  • Parking Type: Carport-Detached
  • Total Covered Parking: 1

Utilities

  • Heating And Cooling: Baseboard, Stove/Free Standing
  • Power Company: PUD #1
  • Sewer: Sewer Connected
  • Sewer Company: City of PT
  • Water Company: City of PT
  • Water Heater: Laundry-Electric
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: Morgan Hill
  • Project: Mountain View

Schools

  • Elementary School: Salish Coast Element
  • Middle School: Blue Heron Mid
  • High School: Port Townsend High
  • School District: PTT

Lot Info

  • Lot Number: 5
  • Lot Details: Corner Lot, Paved Street
  • Lot Dimensions: 50' x 100'
  • Lot Sq Ft: 5000
  • Lot Topography Vegetation: Level
  • Parcel Number: 974101504
  • Zoning Code: R2
  • Zoning Jurisdiction: City
  • Lot Topography: Level

Tax Info

  • Tax Amount: 1660

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2020
Closed on
Aug 7, 2020
Sold by
Oconnor Thomas M and Ling Hui
Bought by
Speidel Baylin and Decaterina Bryan
Seller's Agent
Teri Nomura
Bell Tower Brokers
Buyer's Agent
Paul Rice
COMPASS
List Price
$465,000
Sold Price
$475,000
Premium/Discount to List
$10,000
2.15%
Current Estimated Value
$650,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,474
Avg. Annual Appreciation
5.66%
Original Mortgage
$446,500
Outstanding Balance
$400,505
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$225,417

Purchase Details

Closed on
Jan 12, 2015
Sold by
Ling O Connor Thomas Michael and Ling Hui
Bought by
Hui O Connor Thomas Michael and Connor Ling Hui O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000
Interest Rate
3.92%
Mortgage Type
Seller Take Back
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
Speidel Baylin $475,000 Jefferson Title Company Inc
Hui O Connor Thomas Michael -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Speidel Baylin $446,500
Previous Owner Hui O Connor Thomas Michael $15,000
Previous Owner Connor Thomas M O $132,000
Previous Owner Oconnor Thomas M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2020 08/17/20 Sold $475,000 +2.2% $642 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
07/03/2020 07/03/20 For Sale $465,000 -- $628 / 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
2023 $4,521 $503,471 $257,250 $246,221
2022 $3,954 $465,703 $240,000 $225,703
2021 $3,640 $407,465 $218,750 $188,715
2020 $1,660 $361,692 $192,500 $169,192
2019 $1,434 $246,178 $90,000 $156,178
2018 $1,446 $235,372 $90,000 $145,372
2017 $1,369 $205,584 $74,750 $130,834
2016 $1,239 $205,584 $74,750 $130,834
2015 $575 $191,047 $74,750 $116,297
2014 -- $116,602 $74,750 $41,852
2013 -- $101,395 $65,000 $36,395
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1624714

Northwest Multiple Listing Service (NWMLS)

APN: 974101504