NOT LISTED FOR SALE

7505 188th Av Ct SW Lakebay, WA 98349

Estimated Value: $64,000 - $326,000

0.68 Acre
$285,294 Price per Acre
29,621 Sq Ft Lot

Last Sold September 17, 2021

Last sale price $115,000

Est. 69% increase in value since last sale

Current estimated payment $1,122/month

315 Days on Market

Highlights

  • Waterfront Community
  • Views of a Sound
  • Level Lot

About This Lot

As of September 2021

Two parcels at highest elevation point of Kanooga Beach plat with extraordinary view potential via possible corridor thru 100+year old Douglas Fir. Parcels may benefit from declaration of lot combination. Parcel location is quick to beach trail to private beach frontage w/state owned tidelands. CC & R's require stick built homes on site minimum of 1400 sq ft. HOA is not active, activation being considered.

Last Agent to Sell the Property

David Bastian

Paramount Real Estate Group License #2160 Listed on: 10/02/2020

Last Buyer's Agent

John Love

KW Mountains to Sound Realty License #112332

KW Mountains to Sound Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1672748

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $670

Lot Details

  • Street terminates at a dead end
  • Level Lot

Property Views

  • Views of a Sound
  • Territorial
  • Limited

Utilities

  • Sewer Not Available

Listing and Financial Details

  • Assessor Parcel Number 4880000050

Community Details

Overview

  • Lakebay Community
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Waterfront Community

Property Details

Property Type

Land

Est. Annual Taxes

$670

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Comm. Grade Timber, Evergreens, Heavily Forested
  • Style: 40 - Res-Less Thn 1 Ac
  • Restrictions: CCAndR, NO Manufactured Homes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Level: Home site

Exterior Features

  • Road Information: Gravel, Privately Maintained
  • Road On Which Sideof Property: South
  • View: Partial, Sound, Territorial
  • Water Jurisdiction: Kanooga Beach II

Utilities

  • Electricity: In Street
  • Gas Available: Not Available
  • Sewer: Not Available

Condo/Co-op/Association

  • Community Name: Lakebay
  • Project: Kanooga Beach
  • Community Features: CCRs, Community Waterfront/Pvt Beach

Fee Information

  • Assessment Fees: Water

Schools

  • Elementary School: Evergreen Elem
  • Middle School: Key Peninsula Mid
  • High School: Peninsula High
  • School District: PEN

Lot Info

  • Lot Number: 5 & 6
  • Easements: Recorded
  • General Zoning Classification: Residential
  • Lot Details: Dead End Street
  • Lot Dimensions: Irregular
  • Lot Sq Ft: 29621
  • Parcel Number: 4880000050
  • Slopeof Property: South Exposure
  • Survey: Recorded
  • Topography: Level, Sloped
  • Zoning Jurisdiction: County
  • Zoning Remarks: Residential

Tax Info

  • Tax Amount: 366

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Sep 10, 2021
Sold by
Young James Stephen and Lowe Carolyn Elizabeth
Bought by
Bimquote Real Estate Lp
Seller's Agent
David Bastian
Paramount Real Estate Group
Buyer's Agent
John Love
KW Mountains to Sound Realty
List Price
$129,000
Sold Price
$115,000
Premium/Discount to List
-$14,000
-10.85%
Current Estimated Value
$194,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,000
Avg. Annual Appreciation
14.22%

Purchase Details

Closed on
Nov 17, 2020
Sold by
Bimquote Real Estate Lp
Bought by
Kp Btr Llc

Purchase Details

Closed on
May 25, 2004
Sold by
Tsoi Andrew M
Bought by
Young James Stephen and Lowe Carolyn Elizabeth
Source: Public Records

Similar Property in Lakebay, WA

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    $159,000

    • Land
    • 0.85 Acre
    • $187,059 per Acre
    • 2118 D St NW
    • Lakebay, WA

    Welcome to the fabulous little town of Home. This property is located 1000ft from the salt water boat launch and miles of shore and water activities. Many parks and state parks are within just a few miles of this just shy one acre property. Power, water and septic are on property already so just bring your tools and plans to make this your home.

    Seth Courtney Windermere Prof Partners

    Section Image

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
Bimquote Real Estate Lp $115,000 Ticor Title
Kp Btr Llc -- None Listed On Document
Young James Stephen $55,000 Ticor Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2021 09/17/21 Sold $115,000 -10.9% --
08/13/2021 08/13/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $129,000 +12.2% --
07/01/2021 07/01/21 Off Market $115,000 -- --
02/24/2021 02/24/21 For Sale $129,000 +12.2% --
01/11/2021 01/11/21 Off Market $115,000 -- --
10/02/2020 10/02/20 For Sale $129,000 -- --
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 $670 $81,200 $81,200 --
2023 $670 $72,100 $72,100 $0
2022 $534 $62,500 $62,500 $0
2021 $439 $38,500 $38,500 $0
2019 $291 $30,700 $30,700 $0
2018 $340 $25,000 $25,000 $0
2017 $300 $26,800 $26,800 $0
2016 $227 $20,100 $20,100 $0
2014 $292 $16,500 $16,500 $0
2013 $292 $21,200 $21,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1672748

Northwest Multiple Listing Service (NWMLS)

APN: 488000-0050