Listed by Windermere RE San Juan Island, Bought with Orcas Island Realty
NOT LISTED FOR SALE

55 Pea Patch Ln Eastsound, WA 98245

Estimated Value: $1,173,000 - $2,825,000

3 Beds
2 Baths
2,991 Sq Ft
$767/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $2,500,000 $836 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $12,732/month

22 Days on Market

Highlights

  • RV Access or Parking
  • 11.33 Acre Lot
  • Deck
  • Orcas Island High School Rated A-
  • Fruit Trees
  • Territorial View

About This Home

As of December 2023

Very unique opportunity to own over 11ac in Eastsound & on Eastsound water & sewer. GREAT DEVELOPEMENT PIECE. Property is dual zoned: Village Residential/Institutional, Part Service Light Industrial. See zoning map. There are 3 rentals: Main level of farmhouse: 2 bed/1 bath 1907 sf $1200/mo rent .Upper level of farmhouse: 1 bed/1 bath 1084 sf $900/mo rent. Lavender Cottage: 1 bed/1 bath 466 sf $800/mo rent Contact info for all tenants is on MLS. Little Cottage-DON'T SHOW TEAR DOWN.

Last Agent to Sell the Property

Samantha Bryner

Windermere RE San Juan Island License #8504 Listed on: 12/20/2022

Windermere RE San Juan Island

Last Buyer's Agent

Mary Clure

Orcas Island Realty License #2040

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2023031

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,274

Year Built

  • Built in 1978

Lot Details

  • 11.33 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Fruit Trees
  • Wooded Lot
  • Garden
  • Value in Land

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Poured Concrete
  • Composition Roof
  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 2,991 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Fireplace
  • French Doors
  • Territorial Views

Flooring

  • Softwood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Outbuilding

Additional Homes

  • 466 SF Accessory Dwelling Unit
  • ADU includes 1 Bedroom and 1 Bathroom

Additional Features

  • Pasture
  • Water Heater

Community Details

  • No Home Owners Association
  • Eastsound Subdivision

Listing and Financial Details

  • Assessor Parcel Number 271412006

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,274

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 11 - 1 1/2 Story
  • Year Built: 1978
  • Inclusions: Dryer,Refrigerator,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Traditional
  • New Construction: No
  • CalculatedSquareFootage: 3457
  • SeniorExemption: false
  • AccessoryDwellingUnit: DetachedDwelling
  • DetachedDwellingSqFtFinished: 466
  • Special Features: None

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dryer, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Softwood, Hardwood, Laminate, Vinyl
  • Interior Amenities: Fir/Softwood, Hardwood, Laminate, French Doors, Fireplace, Water Heater
  • Living Area: 2991
  • Main Level Bedrooms: 2
  • BathsFullMain: 1
  • SquareFootageFinished: 2991
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BedroomsLower: 0
  • AppliancesIncluded: Dryer,Refrigerator,Washer
  • ADUBaths: 1
  • ADUBeds: 1

Exterior Features

  • Roof: Built-Up, Composition
  • View: Territorial
  • Lot Features: Paved, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fixer
  • Structure Type: House
  • BusLineNearby: false
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: RV Parking, Off Street

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Cooling Y N: No
  • Heating Yn: No
  • PowerCompany: OPALCO
  • SewerCompany: EASTSOUND
  • WaterCompany: EASTSOUND
  • WaterHeaterType: ELECTRIC

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Orcas Island

Lot Info

  • Parcel Number: 271412006
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 11.3311
  • Lot Size Sq Ft: 493583
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Outbuildings,RV Parking
  • MLSLotSizeSource: SJC
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Wood

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7274

Multi Family

  • EnergySource: Electric,Wood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2022
Closed on
Dec 11, 2023
Sold by
Mcpeake Lina and Mcpeake David
Bought by
Opal Community Land Trust
Seller's Agent
Samantha Bryner
Windermere RE San Juan Island
Buyer's Agent
Mary Clure
Orcas Island Realty
List Price
$3,750,000
Sold Price
$2,500,000
Premium/Discount to List
-$1,250,000
-33.33%
Views
37
Current Estimated Value
$2,293,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$206,071
Avg. Annual Appreciation
-4.11%
Original Mortgage
$700,000
Outstanding Balance
$688,450
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$1,605,479
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Opal Community Land Trust $2,500,000 San Juan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Opal Community Land Trust $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2023 12/11/23 Sold $2,500,000 -33.3% $836 / Sq Ft
01/11/2023 01/11/23 Pending -- -- --
12/20/2022 12/20/22 For Sale $3,750,000 -- $1,254 / 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
2024 $8,558 $1,116,730 $463,320 $653,410
2023 $8,558 $1,591,860 $463,320 $1,128,540
2022 $9,247 $1,557,800 $579,150 $978,650
2021 $8,323 $1,258,820 $579,150 $679,670
2020 $8,723 $1,077,770 $526,500 $551,270
2019 $7,274 $1,101,190 $526,500 $574,690
2018 $5,709 $1,283,040 $910,830 $372,210
2017 $5,709 $840,720 $438,750 $401,970
2016 $7,115 $789,540 $460,680 $328,860
2015 $7,115 $778,620 $438,740 $339,880
2014 $7,115 $776,470 $438,740 $337,730
2012 $7,115 $844,490 $398,860 $445,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2023031

Northwest Multiple Listing Service (NWMLS)

APN: 271412-006-000