Listed by Bell Tower Brokers, Bought with Windermere R.E. Port Townsend
NOT LISTED FOR SALE

740 N Bay Way Port Ludlow, WA 98365

Estimated Value: $1,197,000 - $1,403,961

2 Beds
2.5 Baths
2,824 Sq Ft
$454/Sq Ft Est. Value

Last Sold October 03, 2023

Last sale price $1,400,000 $496 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $7,510/month

Highlights

  • Low Bank Waterfront Property
  • Community Boat Launch
  • Wood Burning Stove
  • Views of a Sound
  • Deck
  • Contemporary Architecture

About This Home

As of October 2023

Outstanding panoramic views of Mt Baker, shipping lanes & wildlife from nearly every room in this 2824 sq ft custom-built home. Two BR, 2.5 baths, Brazilian cherry floors, gourmet kitchen, new appliances, open floor plan, primary BR on main, 2 propane fireplaces & tons of storage. 220 feet of low-bank waterfront on a shy acre. Adjacent community boat ramp. Enjoy fishing, crabbing, & kayaking, or simply relax in peace & quiet. Watch eagles, otters & porpoises from 2 decks & 3 outdoor seating areas. Lovely drought tolerant gardens. The ultimate heated 3 car garage w/RV door, 50-amp, 220, LED lights, TV & deluxe metal cabinets. Septic, well & generator. Close to Port Townsend, parks, marinas. Don't miss out- see this dream waterfront property!

Last Agent to Sell the Property

Teri Nomura

Bell Tower Brokers License #20757 Listed on: 09/19/2023

Co-Listed By

Ginny Erickson

Windermere R.E. Port Townsend License #22008020

Last Buyer's Agent

Robyn Garing

Windermere R.E. Port Townsend License #127241

Windermere R.E. Port Townsend

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2162899

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,746

Year Built

  • Built in 1997

Lot Details

  • 0.99 Acre Lot
  • Lot Dimensions are 135x42x223x220x209
  • Low Bank Waterfront Property
  • 220 Feet of Waterfront
  • Home fronts a sound
  • Street terminates at a dead end
  • Northeast Facing Home
  • Sloped Lot
  • Garden
  • Drought Tolerant Landscaping
  • Property is in very good condition
  • Zoning described as RR 1:5

Parking

  • 3 Car Detached Garage

Property Views

  • Views of a Sound
  • Bay
  • Mountain
  • Territorial

Home Design

  • Contemporary Architecture
  • Poured Concrete
  • Metal Roof
  • Wood Composite

Interior Spaces

  • 2,824 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Wood Burning Stove
  • Gas Fireplace
  • French Doors
  • Dining Room
  • Finished Basement
  • Natural lighting in basement
  • Storm Windows

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Marble
  • Slate Flooring
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

  • Chimacum Creek Prima Elementary School
  • Chimacum Mid Middle School
  • Chimacum High School

Utilities

  • Forced Air Heating System
  • Radiant Heating System
  • Heating System Mounted To A Wall or Window
  • Generator Hookup
  • Propane
  • Well
  • Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot long legal
  • Assessor Parcel Number 921292014

Community Details

Overview

  • No Home Owners Association
  • Oak Bay Subdivision

Recreation

  • Community Boat Launch

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,746

Year Built

Built in 1997

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1997
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Microwave,Refrigerator,StoveRange,TrashCompactor,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 2824
  • SeniorExemption: false
  • NWM_ExcludedItemsYN: true
  • Special Features: None

Interior Features

  • Fireplaces: 2
  • Basement: Daylight, Finished
  • Appliances: Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stove/Range, Trash Compactor, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Hardwood, Marble, Slate, Vinyl Plank, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, French Doors, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Pantry, Wired for Generator, Fireplace, Water Heater
  • Living Area: 2824
  • Main Level Bedrooms: 1
  • Bathrooms: 2.25
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 2824
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Microwave,Refrigerator,Stove/Range,Trash Compactor,Washer
  • FireplacesLower: 1
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Metal
  • View: Bay, Mountain(s), Sound, Territorial
  • Lot Features: Dead End Street, Drought Res Landscape
  • View: Yes
  • Waterfront Features: Bank-Low, Bank-Medium, Saltwater, Sound
  • Waterfront: Yes
  • Direction Faces: Northeast
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • ConstructionMethods: Standard Frame
  • WaterfrontFootage: 220

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Radiant, Stove/Free Standing, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PUD #1
  • SewerCompany: septic
  • WaterCompany: well
  • WaterHeaterLocation: Lower utility room
  • WaterHeaterType: Electric
  • CableConnected: Astound
  • InternetConnected: Astound

Condo/Co-op/Association

  • Community Features: Boat Launch
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Chimacum #49
  • High School: Chimacum High
  • Middle Or Junior School: Chimacum Mid

Lot Info

  • Parcel Number: 921292014
  • Topography: PartialSlope
  • Land Lease: No
  • Lot Size Acres: 0.99
  • Lot Size: 135x42x223x220x209
  • Lot Size Sq Ft: 43124
  • Zoning Description: RR 1:5
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Outbuildings,Patio,Propane,Shop
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Assessor
  • ZoningJurisdiction: County
  • LotNumber: long legal

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7746

Multi Family

  • EnergySource: Electric,Propane

MLS Schools

  • Elementary School: Chimacum Creek Prima

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2023
Closed on
Oct 2, 2023
Sold by
Erickson David G and Erickson Kathleen A
Bought by
Fossil Llc
Seller's Agent
Teri Nomura
Bell Tower Brokers
Buyer's Agent
Robyn Garing
Windermere R.E. Port Townsend
List Price
$1,400,000
Sold Price
$1,400,000
Views
21
Current Estimated Value
$1,283,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$116,510
Avg. Annual Appreciation
-4.23%
Original Mortgage
$750,000
Outstanding Balance
$735,168
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$548,322

Purchase Details

Listed on
Sep 18, 2015
Closed on
Oct 26, 2015
Sold by
Croft James W and Croft Linda K
Bought by
Erickson David G and Erickson Kathleen A
Seller's Agent
Chris Nye
MLS4owners.com
Buyer's Agent
Teri Hewson
John L. Scott, Inc.
List Price
$629,500
Sold Price
$615,000
Premium/Discount to List
-$14,500
-2.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.93%

Purchase Details

Closed on
Jul 6, 2012
Sold by
Zimmer Carl W and Zimmer Catherine H
Bought by
Croft James W and Croft Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2006
Sold by
Deering George and Deering Christine
Bought by
Zimmer Carl W and Zimmer Catherine H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
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
Fossil Llc -- Jefferson Title Company
Erickson David G $615,000 First American Title
Croft James W $550,000 First American Title Of Jeff
Zimmer Carl W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fossil Llc $750,000
Previous Owner Croft James W $417,000
Previous Owner Zimmer Carl W $990,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2023 10/03/23 Sold $1,400,000 0.0% $496 / Sq Ft
09/19/2023 09/19/23 Pending -- -- --
09/19/2023 09/19/23 For Sale $1,400,000 +127.6% $496 / Sq Ft
10/30/2015 10/30/15 Sold $615,000 -1.6% $218 / Sq Ft View Prior Sale
10/09/2015 10/09/15 Pending -- -- --
10/05/2015 10/05/15 Price Changed $625,000 -0.7% $221 / Sq Ft
09/18/2015 09/18/15 For Sale $629,500 -- $223 / 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 $8,151 $1,117,251 $632,808 $484,443
2023 $8,151 $1,033,661 $570,280 $463,381
2022 $7,211 $1,007,598 $565,280 $442,318
2021 $7,071 $789,344 $466,050 $323,294
2020 $6,700 $728,112 $428,766 $299,346
2019 $6,533 $666,881 $391,482 $275,399
2018 $6,900 $654,907 $391,482 $263,425
2017 $6,730 $612,317 $372,840 $239,477
2016 $6,969 $612,317 $372,840 $239,477
2015 $6,877 $624,946 $427,480 $197,466
2014 -- $624,946 $427,480 $197,466
2013 -- $624,945 $427,480 $197,465
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2162899

Northwest Multiple Listing Service (NWMLS)

APN: 921292014