Listed by Keller Williams Western Realty, Bought with COMPASS
NOT LISTED FOR SALE

7140 Palm Ln Anacortes, WA 98221

Estimated Value: $1,092,000 - $1,547,000

3 Beds
2 Baths
1,748 Sq Ft
$782/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $1,400,000 $801 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,768/month

54 Days on Market

Highlights

  • Barn
  • Stables
  • RV Access or Parking
  • Anacortes High School Rated A-
  • Greenhouse
  • Granite Flooring

About This Home

As of September 2023

Welcome home to your Hobby Farm! Rare find! Quiet secluded 5 Acres w/ a stunning red Barn w/ electricity, 3 stalls, fenced in pasture w/ large firepit. Beautiful established garden w/ fenced in raised beds, green house & an adorable potting shed. Custom built home has open concept w/ bonus room in loft area, granite counter top, newer appliances in kitchen. Ceramic tile & European Beech Hardwood with radiant heated floors. Cozy up to the wood stove on those chilly PNW nights. Large back yard patio for entertaining or relaxing w/ your favorite beverage. Decking is Mahogony hardwood. Out building has office w/ electricity. Close to water & school. Close to Hwy 20. NO HOA. Home Warranty Included! View both videos, this will go fast!

Last Agent to Sell the Property

Kymber Self

Keller Williams Western Realty License #115162 Listed on: 05/17/2023

Keller Williams Western Realty

Last Buyer's Agent

Mariah Haney

COMPASS License #22008760

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2064174

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,613

Year Built

  • Built in 2003

Lot Details

  • 5 Acre Lot
  • Street terminates at a dead end
  • Northwest Facing Home
  • Dog Run
  • Partially Fenced Property
  • Brush Vegetation
  • Secluded Lot
  • Level Lot
  • Wooded Lot
  • Garden

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,748 Sq Ft Home
  • 1.5-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • French Doors
  • Dining Room
  • Loft
  • Territorial Views

Kitchen

  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Granite
  • Ceramic Tile

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Parking

  • Driveway
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Greenhouse
  • Outbuilding

Schools

  • Fidalgo Elementary School
  • Anacortes Mid Middle School
  • Anacortes High School

Farming

  • Barn
  • Pasture

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Stables

Utilities

  • Radiant Heating System
  • Propane
  • Well
  • Tankless Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Gibralter Subdivision

Listing and Financial Details

  • Assessor Parcel Number P20169

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,613

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 11 - 1 1/2 Story
  • Year Built: 2003
  • Inclusions: Dishwasher,Dryer,Microwave,Refrigerator,SeeRemarks,StoveRange,Washer,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1748
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Basement: None
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, See Remarks, Stove/Range, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Granite, Hardwood
  • Interior Amenities: Ceramic Tile, Hardwood, Built-In Vacuum, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, French Doors, Loft, Security System, Vaulted Ceiling(s), Fireplace, Water Heater
  • Living Area: 1748
  • Main Level Bedrooms: 2
  • Bathrooms: 2
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 1748
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher,Dryer,Microwave,Refrigerator,See Remarks,Stove/Range,Washer
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Secluded
  • View: Yes
  • Waterfront: No
  • Direction Faces: Northwest
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: House

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Cooling: Radiant
  • Cooling Y N: Yes
  • Heating: Radiant, Stove/Free Standing, Tankless Water Heater
  • Heating Yn: Yes
  • PowerCompany: PSE
  • WaterHeaterLocation: Mechanical room SW side
  • WaterHeaterType: Propane
  • CableConnected: Astound
  • InternetConnected: Astound

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Anacortes
  • High School: Anacortes High
  • Middle Or Junior School: Anacortes Mid

Lot Info

  • Parcel Number: P20169
  • Topography: Equestrian,Level,PartialSlope
  • Land Lease: No
  • Lot Size Acres: 5
  • Lot Size Sq Ft: 217800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Barn,Cable TV,Deck,Dog Run,Fenced-Partially,Green House,High Speed Internet,Outbuildings,Patio,Propane,RV Parking,Stable
  • MLSLotSizeSource: County
  • MLSSquareFootageSource: County

Green Features

  • Power Production Type: Electric, Propane, Wood

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5613

Multi Family

  • EnergySource: Electric,Propane,Wood

MLS Schools

  • Elementary School: Fidalgo Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Aug 31, 2023
Sold by
Kelly Thomas A and Kelly Kym S
Bought by
West Reed Summers and Maccoun Caitlin Ruth
Seller's Agent
Kymber Self
Keller Williams Western Realty
Buyer's Agent
Mariah Haney
COMPASS
List Price
$1,400,000
Sold Price
$1,400,000
Views
97
Current Estimated Value
$1,366,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,276
Avg. Annual Appreciation
-1.14%
Original Mortgage
$900,000
Outstanding Balance
$880,369
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$486,355
Source: Public Records

Range of Values:

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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
West Reed Summers $1,400,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open West Reed Summers $900,000
Previous Owner Kelly Thomas A $100,000
Previous Owner Kelly Thomas A $289,500
Previous Owner Kelly Thomas A $295,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2023 09/08/23 Sold $1,400,000 0.0% $801 / Sq Ft
07/10/2023 07/10/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $1,400,000 -- $801 / 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 $5,930 $934,900 $299,700 $635,200
2023 $5,930 $735,100 $270,700 $464,400
2022 $5,447 $669,400 $246,400 $423,000
2021 $5,239 $569,800 $202,000 $367,800
2020 $5,015 $506,600 $0 $0
2019 $4,627 $473,700 $0 $0
2018 $4,762 $451,400 $0 $0
2017 $4,114 $422,200 $0 $0
2016 $3,928 $397,900 $168,300 $229,600
2015 $3,522 $363,400 $153,000 $210,400
2013 $3,517 $344,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2064174

Northwest Multiple Listing Service (NWMLS)

APN: P20169