$1,200,000
SOLD NOV 4, 2016

7518 Ford Dr NW Gig Harbor, WA 98335

3 Beds
1 Bath
3,970 Sq Ft
1.3 Acres

Recently Sold

$302 Per Sq Ft

24% Below List Price

132 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Views of a Sound
  • Fruit Trees
  • Artondale Elementary School Rated A-
  • RV Access or Parking
  • Deck

About This Home

As of June 2022

Straight from the South Sound archives, this exclusive opportunity on coveted Ford Drive is gilded with history & original rustic attributes in mint condition. A meandering drive through the 1.3 acre park to the marvelous landscape of the 122 ft bulkhead was the opulent vision in 1954 of the famed Top of the Ocean Restaurant proprietor. The home is perhaps the finest preserved of Gig Harbor's Austin-Erickson vertical log creations. Southern exposure & 180° views from Rainier to the Olympics.

Last Agent to Sell the Property

Jennie Wetter

Infinity Real Estate, LLC License #49825 Listed on: 05/27/2016

Infinity Real Estate, LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM949053

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,335

Year Built

  • Built in 1955

Lot Details

  • Low Bank Waterfront Property
  • Partially Fenced Property
  • Terraced Lot
  • Sprinkler System
  • Fruit Trees
  • Wooded Lot
  • Garden
  • Property is zoned R10

Property Views

  • Views of a Sound
  • Mountain Views

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Metal Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 1 Bathroom
  • 2 Fireplaces
  • Finished Basement

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

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

Laundry

  • Dryer
  • Washer

Parking

  • Attached Carport
  • RV Access or Parking

Outdoor Features

  • Bulkhead
  • Deck
  • Patio
  • Outbuilding

Utilities

  • Well
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Warren Community

Listing and Financial Details

  • Assessor Parcel Number 0121264020

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,335

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 16 - 1 Story W/Bsmnt.
  • Approved Accessory Dwelling: Main
  • Homebuilder: Austin Erickson
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: 2nd Kitchen, 2nd Master Br, Wired For Generator, Bath Off Master, Dbl Pane/Storm Windw, Dining Room, Disabled Access, Fireplace In Mstr Br, French Doors, Hot Tub/Spa, Sauna, Security System, Skylights, Walk-In Closet
  • Floor Covering: Ceramic Tile, Hardwood, Slate, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Approved Number of Bedrooms: 6
  • Bedrooms: 3.00
  • Main Floor Bedrooms: 1
  • Lower Level Bedroom: 2
  • Bathrooms: 2.75
  • Total Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Three Quarter Bathrooms Main: 1
  • Master Bedroom: Main
  • Fireplaces: 2
  • Fireplaces Main: 1
  • Fireplaces Lower: 1
  • Basement: Fully Finished
  • Den or Office: Main
  • Dining Room: Main
  • Extra Finished Room: Lower
  • Family Room: Lower
  • Living Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 3970
  • Square Footage Finished: 3970

Exterior Features

  • Exterior: Brick, Log, Wood
  • Foundation: Poured Concrete
  • Roof: Metal
  • View: Mountain, Sound
  • Waterfront: Bank-Low, Bulkhead, Sound
  • Waterfront Frontage: 122

Garage/Parking

  • Parking Type: Carport-Attached
  • Total Covered Parking: 3

Utilities

  • Heating And Cooling: High Efficiency (Unspecified), Radiant, Hot Water Recirc Pump
  • Power Company: Peninsula Light Co.
  • Septic Approved for Number of Bedrooms: 6
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Heater: Mechanical Room-Gas Boiler
  • Water Source: Individual Well

Condo/Co-op/Association

  • Community Name: Warren

Schools

  • Elementary School: Artondale Elem
  • Middle School: Kopachuck Mid
  • High School: Gig Harbor High
  • School District: PEN

Lot Info

  • Lot Details: Paved Street
  • Lot Dimensions: 122 x 500
  • Lot Sq Ft: 56500
  • Lot Topography Vegetation: Fruit Trees, Garden Space, Rolling, Terraces, Wooded
  • Parcel Number: 0121264020
  • Zoning Code: R10
  • Lot Topography: Fruit Trees, Garden Space, Rolling, Terraces, Wooded

Tax Info

  • Tax Amount: 11551

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Jun 6, 2022
Sold by
Peterson and Jill
Bought by
Lieberman Megan
Seller's Agent
Jennie Wetter
Infinity Real Estate, LLC
Buyer's Agent
Bryan Bosveld
Infinity Real Estate, LLC
List Price
$2,650,000
Sold Price
$3,140,000
Premium/Discount to List
$490,000
18.49%
Current Estimated Value
$3,112,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,420
Avg. Annual Appreciation
-0.28%

Purchase Details

Listed on
May 27, 2016
Closed on
Oct 19, 2016
Sold by
Sorenson Karen S and Jerde Richard S
Bought by
Peterson Richard and Peterson Jill
Seller's Agent
Jennie Wetter
Infinity Real Estate, LLC
List Price
$1,588,000
Sold Price
$1,200,000
Premium/Discount to List
-$388,000
-24.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.74%
Original Mortgage
$1,250,000
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2015
Sold by
Jerde Richard S and Sorenson Karen S
Bought by
Karen S Sorenson Revocable Trust

Purchase Details

Closed on
Jul 10, 2014
Sold by
Jerde Investment Associates Llc
Bought by
Jerde Richard S and Sorenson Karen S

Purchase Details

Closed on
May 22, 2003
Sold by
Jerde Richard S
Bought by
Jerde Investment Associates Llc
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 -- Wfg National Title Company Of
Warranty Deed $1,199,719 Ticor Title
Interfamily Deed Transfer -- None Available
Warranty Deed -- Chicago Title Insurance
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,360,000 New Conventional
Previous Owner $1,250,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $3,140,000 +18.5% $791 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $2,650,000 +120.8% $668 / Sq Ft
11/04/2016 11/04/16 Sold $1,200,000 -19.4% $302 / Sq Ft
10/07/2016 10/07/16 Pending -- -- --
07/11/2016 07/11/16 Price Changed $1,488,000 -6.3% $375 / Sq Ft
05/27/2016 05/27/16 For Sale $1,588,000 -- $400 / 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
2025 $25,335 $2,819,200 $1,641,900 $1,177,300
2024 $25,335 $2,788,000 $1,641,900 $1,146,100
2023 $25,335 $2,559,800 $1,641,900 $917,900
2022 $19,062 $2,291,900 $1,555,500 $736,400
2021 $17,700 $1,616,900 $1,106,100 $510,800
2019 $13,549 $1,431,800 $949,500 $482,300
2018 $13,575 $1,263,700 $824,600 $439,100
2017 $10,816 $1,156,300 $764,600 $391,700
2016 $10,308 $974,700 $593,700 $381,000
2014 -- $849,200 $485,800 $363,400
2013 -- $776,200 $454,900 $321,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM949053

Northwest Multiple Listing Service (NWMLS)

APN: 012126-4020