Listed by Windermere RE/Capitol Hill,Inc, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

569 Otter Way Freeland, WA 98249

Estimated Value: $492,000 - $597,000

2 Beds
2 Baths
900 Sq Ft
$605/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $525,200 $584 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,227/month

5 Days on Market

Highlights

  • Views of a Sound
  • Property is near public transit
  • Vaulted Ceiling
  • Deck
  • Wooded Lot
  • Double Oven

About This Home

As of June 2023

Cute cabin located in desirable Bush Point Terrace neighborhood. From the home, a glimpse of the Sound will entice you to explore further with community beach access nearby. At the beach, enjoy views of the Olympic Mtns., fabulous western sunsets & active Shipping Lanes. New roof, gutters, flooring and fencing makes this 2 bedroom, 1.75 bath home ready for full time living, weekend getaways or short-term rental. Kitchen, dining, living areas flow onto front deck-perfect for entertaining both inside & out. Large yard with new & mature landscaping. Back and side yards fully fenced-perfect to keep dogs in & deer out. Close to hiking trails, parks, beaches and Freeland with all its amenities- shopping, restaurants, library, banking and more.

Last Agent to Sell the Property

Mary Kay Perrigo

Windermere RE/Capitol Hill,Inc License #109460 Listed on: 05/18/2023

Windermere RE/Capitol Hill,Inc

Co-Listed By

Josh Paulus

Windermere RE/Capitol Hill,Inc License #21001416

Last Buyer's Agent

Michele Lussier

John L. Scott, Inc. License #47716

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2067955

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,738

Year Built

  • Built in 1977

Lot Details

  • 7,923 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Southwest Facing Home
  • Partially Fenced Property
  • Level Lot
  • Wooded Lot
  • Garden
  • Zoning described as 11

HOA Fees

  • $21 Monthly HOA Fees

Property Views

  • Views of a Sound
  • Territorial
  • Limited

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Vinyl Plank Flooring

Kitchen

  • Double Oven
  • Stove

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Attached Carport
  • Driveway

Utilities

  • Baseboard Heating
  • Water Heater
  • Septic Tank

Additional Features

  • Deck
  • Property is near public transit

Community Details

  • Bush Point Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Down Payment Assistance Available
  • Tax Lot 19
  • Assessor Parcel Number S622000000190

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,738

Year Built

Built in 1977

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 10 - 1 Story
  • Year Built: 1977
  • Inclusions: DoubleOven,Dryer,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Bush Pt Terr 1
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 900
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 821

Interior Features

  • Basement: None
  • Appliances: Double Oven, Dryer, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Interior Amenities: Bath Off Primary, Vaulted Ceiling(s), Water Heater
  • Living Area: 900
  • Main Level Bedrooms: 2
  • Bathrooms: 1.75
  • BathsFullMain: 1
  • SquareFootageFinished: 900
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Double Oven,Dryer,Refrigerator,Stove/Range,Washer
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Partial, Sound, Territorial
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Direction Faces: Southwest
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House
  • BusLineNearby: true
  • WaterAccess: Community Waterfront/Pvt Beach

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Bush Point Terrace
  • WaterHeaterLocation: Utility Room
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No
  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: South Whidbey Island
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: S622000000190
  • Topography: Level,PartialSlope
  • Land Lease: No
  • Lot Size Acres: 0.1819
  • Lot Size Sq Ft: 7923
  • Zoning Description: 11
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: County
  • LotNumber: 19

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: true

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2738

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Jun 6, 2023
Sold by
Gearman-Tolman Jean
Bought by
Stacey Justin M
Seller's Agent
Mary Kay Perrigo
Windermere RE/Capitol Hill,Inc
Buyer's Agent
Michele Lussier
John L. Scott, Inc.
List Price
$485,000
Sold Price
$525,200
Premium/Discount to List
$40,200
8.29%
Views
11
Current Estimated Value
$544,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,734
Avg. Annual Appreciation
1.68%
Original Mortgage
$393,900
Outstanding Balance
$384,271
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$160,663

Purchase Details

Listed on
Apr 16, 2018
Closed on
Sep 12, 2018
Sold by
Buchanan Patricia A and Buchanan Patricia
Bought by
Tolman Jean Gearman
Seller's Agent
Deborah Jones
Coldwell Banker Koetje R.E.
Buyer's Agent
Nancy Rowan
Windermere RE/South Whidbey
List Price
$329,000
Sold Price
$306,000
Premium/Discount to List
-$23,000
-6.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.07%
Original Mortgage
$153,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2011
Sold by
Buchanan Patricia
Bought by
Buchanan Patricia
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
Stacey Justin M $525,200 Chicago Title
Tolman Jean Gearman -- Premium Title Of Island Coun
Buchanan Patricia -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stacey Justin M $393,900
Previous Owner Gearman Tolman Jean $165,000
Previous Owner Tolman Jean Gearman $153,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2023 06/09/23 Sold $525,200 +8.3% $584 / Sq Ft
05/23/2023 05/23/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $485,000 +58.5% $539 / Sq Ft
09/14/2018 09/14/18 Sold $306,000 -7.0% $340 / Sq Ft
08/09/2018 08/09/18 Pending -- -- --
07/30/2018 07/30/18 For Sale $329,000 0.0% $366 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
06/13/2018 06/13/18 Price Changed $329,000 -5.7% $366 / Sq Ft
04/16/2018 04/16/18 For Sale $349,000 -- $388 / 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 $2,901 $449,259 $250,000 $199,259
2023 $2,901 $441,523 $250,000 $191,523
2022 $2,358 $405,617 $230,000 $175,617
2021 $2,087 $294,607 $140,000 $154,607
2020 $2,181 $265,109 $115,000 $150,109
2019 $1,603 $284,739 $180,000 $104,739
2018 $1,651 $206,735 $130,000 $76,735
2017 $1,294 $197,322 $120,000 $77,322
2016 $1,343 $168,493 $90,000 $78,493
2015 $1,253 $169,664 $90,000 $79,664
2013 -- $156,885 $72,250 $84,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2067955

Northwest Multiple Listing Service (NWMLS)

APN: S6220-00-00019-0