$615,000
SOLD OCT 30, 2015

740 N Bay Way Port Ludlow, WA 98365

3 Beds
3 Baths
2,824 Sq Ft
1.14 Acres

Recently Sold

$218 Per Sq Ft

2% Below List Price

20 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Views of a Sound
  • RV Access or Parking
  • Waterfront Community
  • Community Boat Launch
  • Deck

About This Home

As of October 2023

2824 sf custom built home on 1.14 acres w/241' of low bank waterfront. Boat ramp & licensed buoy. Unobstructed views of shipping lanes, Mt. Baker & Cascades from nearly all rooms. Slate entry, Brazilian cherry floors w/gourmet kitchen in an open concept flr plan. 3 bdrms, 2.5 baths, daylight basement, 2 propane fireplaces & tons of storage! Insulated and finished 3 car garage with shop space. RV parking. Shed w/concrete floor and electricity. Private well. Park like grounds. Private road.

Last Agent to Sell the Property

Chris Nye

MLS4owners.com License #13886 Listed on: 09/18/2015

Last Buyer's Agent

Teri Hewson

John L. Scott, Inc. License #6058

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM849424

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,151

Year Built

  • Built in 1997

Lot Details

  • Low Bank Waterfront Property

Property Views

  • Views of a Sound
  • Bay
  • Mountain

Home Design

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

Interior Spaces

  • 2 Fireplaces
  • Finished Basement
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Slate Flooring
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • Detached Garage
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • Propane
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 921292014

Community Details

Overview

  • Oak Bay Community

Recreation

  • Community Boat Launch
  • Waterfront Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,151

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Architecture: Contemporary
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Wet Bar, Wired For Generator, Bath Off Master, Built-In Vacuum, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, French Doors, Skylights, Vaulted Ceilings, Walk In Pantry, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Slate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer
  • Approved Number of Bedrooms: 2
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 2
  • Bathrooms: 2.50
  • Bathrooms Main: Lower
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Daylight, Fully Finished
  • Dining Room: Main
  • Family Room: Lower
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2824
  • Square Footage Finished: 2824

Exterior Features

  • Exterior: Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: Bay, Mountain, Sound
  • Waterfront: Bank-Low, Sound
  • Waterfront Frontage: 241

Garage/Parking

  • Parking Type: Garage-Detached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: Forced Air, Radiant, Stove/Free Standing, 90%+ High Efficiency
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Oak Bay
  • Community Features: Boat Launch, Community Waterfront/Pvt Beach

Schools

  • Elementary School: Chimacum Creek Prima
  • Middle School: Chimacum Mid
  • High School: Chimacum High
  • School District: CHI

Lot Info

  • Lot Sq Ft: 49658
  • Parcel Number: 921292014

Tax Info

  • Tax Amount: 6877

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
$1,250,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$149,373
Avg. Annual Appreciation
-6.28%
Original Mortgage
$750,000
Outstanding Balance
$738,566
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$512,061

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

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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 -- Jefferson Title Company
Warranty Deed $615,000 First American Title
Warranty Deed $550,000 First American Title Of Jeff
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,000 New Conventional
Previous Owner $417,000 New Conventional
Previous Owner $662,500 New Conventional
Previous Owner $990,000 Purchase Money Mortgage
Previous Owner $25,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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: NWM849424

Northwest Multiple Listing Service (NWMLS)

APN: 921292014