Listed by Infinity Real Estate, LLC, Bought with Infinity Real Estate, LLC
$3,140,000
SOLD JUN 10, 2022

7518 Ford Dr NW Gig Harbor, WA 98335

3 Beds
2 Baths
3,970 Sq Ft
1.3 Acres

Recently Sold

$791 Per Sq Ft

18% Above List Price

5 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Views of a Sound
  • Second Kitchen
  • Artondale Elementary School Rated A-
  • Docks
  • Sauna

About This Home

As of June 2022

The shores of Hale Passage & a meandering drive through an old growth park are the canvas of this timeless waterfront masterpiece brimming with local legacy. 122 ft of coveted Southern exposure, majestic views panning from Rainier in all it's glory nearly to a peek of the Olympics, AND a 120.8 ft deepwater dock to be installed in July, 2022 are a few highlights of this extraordinary estate. The original 1955 Austin-Ericson vertical log home has been perfectly preserved & complemented through the years by addition/renovations retaining it's charm & rustic, cozy elegance. 3970 sf complete w/ a main floor Primary"wing", plus an adorable 1 bd guest cabin, multiple covered decks/patios, & water's edge spaces, this is a PNW dream come true!

Last Agent to Sell the Property

Jennie Wetter

Infinity Real Estate, LLC License #49825 Listed on: 05/18/2022

Infinity Real Estate, LLC

Last Buyer's Agent

Bryan Bosveld

Infinity Real Estate, LLC License #114625

Infinity Real Estate, LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1935399

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,062

Year Built

  • Built in 1955

Lot Details

  • 1.3 Acre Lot
  • Lot Dimensions are 122 x 500
  • Low Bank Waterfront Property
  • 122 Feet of Waterfront
  • Home fronts a sound
  • South Facing Home
  • Partially Fenced Property
  • Terraced Lot
  • Sprinkler System
  • Fruit Trees
  • Wooded Lot
  • Garden
  • Property is in very good condition
  • Zoning described as R10

Property Views

  • Views of a Sound
  • Mountain Views

Home Design

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

Interior Spaces

  • 3,970 Sq Ft Home
  • 1-Story Property
  • Skylights
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • French Doors
  • Dining Room
  • Sauna
  • Finished Basement

Kitchen

  • Second Kitchen
  • Walk-In Pantry
  • Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

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

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Spa Bath

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Windows

Parking

  • 3 Parking Spaces
  • Attached Carport
  • RV Access or Parking

Outdoor Features

  • Bulkhead
  • Docks
  • Deck
  • Patio
  • Outbuilding

Additional Homes

  • 500 SF Accessory Dwelling Unit
  • ADU includes 1 Bedroom and 1 Bathroom

Schools

  • Artondale Elementary School
  • Kopachuck Mid Middle School
  • Gig Harbor High School

Utilities

  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • Generator Hookup
  • Well
  • Water Heater
  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by Austin Erickson
  • Warren Subdivision

Listing and Financial Details

  • Assessor Parcel Number 012126-4-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,062

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1955
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Refrigerator,SeeRemarks,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 4470
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • AccessoryDwellingUnit: DetachedDwelling
  • DetachedDwellingSqFtFinished: 500
  • Special Features: None
  • Cumulative Days on Market: 1,089

Interior Features

  • Fireplaces: 2
  • Basement: Finished
  • Private Spa: Yes
  • Appliances: Dishwasher, Dryer, Disposal, Refrigerator, See Remarks, Stove/Range, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 6
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Gas, Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Laminate, Slate, Carpet
  • Interior Amenities: Hot Water Recirc Pump, Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate, Second Kitchen, Second Primary Bedroom, Wired for Generator, Bath Off Primary, Double Pane/Storm Window, Sprinkler System, Dining Room, Fireplace (Primary Bedroom), French Doors, Hot Tub/Spa, Sauna, Security System, Skylight(s), Walk-In Pantry, Water Heater
  • Living Area: 3970
  • Main Level Bedrooms: 1
  • Bathrooms: 2
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 3970
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Refrigerator,See Remarks,Stove/Range,Washer
  • FireplacesLower: 1
  • ADUBaths: 1
  • ADUBeds: 1

Exterior Features

  • Roof: Metal
  • View: Mountain(s), Sound
  • Lot Features: Paved
  • View: Yes
  • Waterfront Features: Bank-Low, Bulkhead, Sound
  • Waterfront: Yes
  • Builder Name: Austin Erickson
  • Direction Faces: South
  • Exterior Features: Brick, Log, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House
  • WaterfrontFootage: 122

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Septic System, Electricity Available, Natural Gas Connected, Individual Well
  • HeatingCoolingType: High Efficiency (Unspecified),Hot Water Recirc Pump,Other-See Remarks,Radiant
  • PowerCompany: Peninsula Light
  • SewerCompany: Septic
  • WaterCompany: Individual Well
  • WaterHeaterLocation: Utility Room in carport
  • WaterHeaterType: Gas Boiler
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Peninsula
  • High School: Gig Harbor High
  • Middle Or Junior School: Kopachuck Mid

Lot Info

  • Parcel Number: 012126-4-020
  • Topography: Rolling,Terraces
  • Land Lease: No
  • Lot Size Acres: 1.2971
  • Lot Size: 122 x 500
  • Lot Size Sq Ft: 56500
  • Zoning Description: R10
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dock,Fenced-Partially,Gas Available,High Speed Internet,Moorage,Outbuildings,Patio,RV Parking,Sprinkler System
  • MLSLotSizeSource: 56500
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: County

Green Features

  • Efficiency: High Efficiency (Unspecified)
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: true

Tax Info

  • Year: 2022
  • Tax Annual Amount: 19062

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Artondale Elem

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: 1935399

Northwest Multiple Listing Service (NWMLS)

APN: 012126-4020