Listed by Windermere Lake Stevens, Bought with RE/MAX Gateway
$675,000
SOLD AUG 4, 2025

550 SW Waterloo Ave Oak Harbor, WA 98277

3 Beds
2 Baths
2,610 Sq Ft
0.42 Acres

Recently Sold

$259 Per Sq Ft

21% Below List Price

159 Days on Market

Highlights

  • Views of a Sound
  • RV Access or Parking
  • Deck
  • Oak Harbor Elementary School Rated A-
  • Fruit Trees
  • Contemporary Architecture

About This Home

As of August 2025

MAJOR PRICE REDUCTION: Dramatic Million Dollar Views from this Scenic Heights home, just waiting for the buyer who can bring imagination and skills to update this home to be worthy of its views. This home currently has living on the main level, 3BR, 1 Bath, large kitchen area and a finished walk-out basement that has the potential to be a MIL. The landscaping of this yard provides outstanding color and blooms from Springtime to Fall. New 50K Septic installed by the current owner with updated landscaping in the septic area. Bring your offers and start living on Island Time.

Last Agent to Sell the Property

Bonnie Roulstone

Windermere Lake Stevens License #139662 Listed on: 02/01/2025

Windermere Lake Stevens

Last Buyer's Agent

Cristie Arnold

RE/MAX Gateway License #131983

RE/MAX Gateway

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2326600

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,396

Year Built

  • Built in 1962

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 191 x 102 x 171 x 102
  • South Facing Home
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Fruit Trees
  • Garden
  • Property is in good condition

Parking

  • 1 Car Attached Garage
  • Driveway
  • RV Access or Parking

Property Views

  • Views of a Sound
  • Bay
  • City
  • Mountain

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,610 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • 2 Fireplaces
  • Electric Fireplace
  • Gas Fireplace
  • Finished Basement
  • Natural lighting in basement
  • Storm Windows

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Bathroom on Main Level

Outdoor Features

  • Deck
  • Patio

Location

  • Property is near public transit

Utilities

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

Community Details

  • No Home Owners Association
  • Scenic Heights/Vista Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,396

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1962
  • Inclusions: Dishwasher(s),Refrigerator(s),Stove(s)/Range(s)
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Building Name: Flower Heights
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 2610
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2326600?w=Consumer&agent=127715
  • Special Features: VirtualTour
  • Cumulative Days on Market: 158

Interior Features

  • Fireplaces: 2
  • Basement: Daylight, Finished
  • Appliances: Dishwasher(s), Refrigerator(s), Stove(s)/Range(s)
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Electric, Gas
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceiling Fan(s), Double Pane/Storm Window, Fireplace, Water Heater
  • Living Area: 2610
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 2610
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher(s),Refrigerator(s),Stove(s)/Range(s)
  • FireplacesLower: 1
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Bay, City, Mountain(s), Sound
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick, Wood
  • Direction Faces: South
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, RV Parking
  • Total Parking Spaces: 1

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Fireplace Insert, Forced Air
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • WaterCompany: City of Oak Harbor
  • WaterHeaterLocation: Basement
  • WaterHeaterType: Electric
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Oak Harbor
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 5663500000040
  • Topography: Level,Sloped
  • Land Lease: No
  • Lot Size Acres: 0.4152
  • Lot Size: 191 x 102 x 171 x 102
  • Lot Size Sq Ft: 18087
  • Zoning: OH
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio,Propane,RV Parking
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City
  • LotNumber: 4

Green Features

  • Power Production Type: Electric, Oil, Propane

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4395.64

Multi Family

  • EnergySource: Electric,Oil,Propane

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2025
Closed on
Jul 24, 2025
Sold by
Portmann Bille K and Homan Marjory Kroon
Bought by
Grover Steven and Grover Ma Teresa
Seller's Agent
Bonnie Roulstone
Windermere Lake Stevens
Buyer's Agent
Cristie Arnold
RE/MAX Gateway
List Price
$849,500
Sold Price
$675,000
Premium/Discount to List
-$174,500
-20.54%
Views
112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
563.08%
Original Mortgage
$325,000
Outstanding Balance
$325,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$431,132

Purchase Details

Closed on
Sep 18, 2003
Sold by
Burgess Christopher K and Nimmerrichter Burgess Tracy L
Bought by
Portmann Ross C and Portmann Billie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,920
Interest Rate
6.17%
Mortgage Type
VA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $675,000 Stg (Stewart Title Guaranty Co
Warranty Deed $248,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $325,000 New Conventional
Previous Owner $233,361 VA
Previous Owner $254,265 VA
Previous Owner $250,920 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 Sold $675,000 -3.6% $259 / Sq Ft
07/10/2025 07/10/25 Pending -- -- --
07/03/2025 07/03/25 Price Changed $700,000 -11.9% $268 / Sq Ft
04/23/2025 04/23/25 Price Changed $795,000 -2.9% $305 / Sq Ft
03/17/2025 03/17/25 Price Changed $819,000 -3.6% $314 / Sq Ft
03/17/2025 03/17/25 For Sale $849,500 +25.9% $325 / Sq Ft
02/25/2025 02/25/25 Off Market $675,000 -- --
02/01/2025 02/01/25 For Sale $849,500 -- $325 / 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 $4,401 $569,155 $300,000 $269,155
2023 $4,401 $521,653 $250,000 $271,653
2022 $3,974 $539,868 $290,000 $249,868
2021 $3,619 $370,666 $150,000 $220,666
2020 $3,712 $336,433 $120,000 $216,433
2019 $3,224 $341,540 $170,000 $171,540
2018 $3,640 $322,176 $150,000 $172,176
2017 $3,129 $320,641 $150,000 $170,641
2016 $3,283 $293,304 $120,000 $173,304
2015 $3,380 $295,971 $120,000 $175,971
2013 -- $291,304 $110,000 $181,304
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2326600

Northwest Multiple Listing Service (NWMLS)

APN: S6635-00-00004-0