Listed by Sievers Real Estate, Bought with Sievers Real Estate
NOT LISTED FOR SALE

9400 Key Peninsula Hwy NW Gig Harbor, WA 98329

Estimated Value: $425,196

4.02 Acres
$105,770 Price per Acre
175,111 Sq Ft Lot

Last Sold February 01, 2023

Last sale price $400,000

Est. 6% increase in value since last sale

Current estimated payment $2,558/month

241 Days on Market

Highlights

  • Gated Community
  • Territorial View
  • Property is near a preserve or public land
  • 4.02 Acre Lot
  • No HOA
  • Level Lot

About This Lot

As of February 2023

Prime 4+acres near Key Center with over 1000ft of frontage on Key Peninsula Hwy. Zoned RAC (Rural Activity Center) providing a wide variety of approved uses. Power, Class B well and a 24-employee commercial drain field installed on property. Large level building site with well house and existing unfinished structure. Revive the existing structure or demo for a clean building site plan. This parcel is truly a diamond in the rough and offers an amazing opportunity for the creative developer.

Last Agent to Sell the Property

Fred Angus

Sievers Real Estate License #73392 Listed on: 05/25/2022

Last Buyer's Agent

Jennifer Sievers

Sievers Real Estate License #24010011

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1933295

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,580

Lot Details

  • 4.02 Acre Lot
  • Level Lot
  • Zoning described as RCA-Rural Activity Center

Property Views

  • Territorial Views

Schools

  • Vaughn Elementary School
  • Key Peninsula Mid Middle School
  • Peninsula High School

Utilities

  • Well
  • Drilled Well
  • Septic Design Installed
  • Sewer Not Available

Listing and Financial Details

  • Assessor Parcel Number 002101-1-026

Community Details

Overview

  • No Home Owners Association
  • Key Center Subdivision
  • Property is near a preserve or public land

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$3,580

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 43 - Comm/Industrial
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Brush,Evergreens,Partially Cleared
  • Improvements: Outbuilding(s)
  • LevelComment: Level building area
  • Special Features: None

Interior Features

  • Possible Use: Business, Industrial, Multi-Family, Office, Retail, See Remarks
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: Territorial
  • Lot Features: Adjacent to Public Land, Paved
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront: No
  • Structure Type: Industrial
  • RoadInformation: County Maintained,Paved
  • RoadOnWhichSide: East
  • WaterJurisdiction: Class B Private well on property
  • Easements: None

Garage/Parking

  • Carport Y N: No

Utilities

  • Sewer: Not Available
  • Water Source: Drilled Well, On Property, Private Well
  • Electricity On Property: Yes
  • Utilities: Electricity Connected, Septic Design Installed
  • ElectricityStatus: On Property
  • GasStatus: Not Available
  • SepticDesignInstalled: true

Condo/Co-op/Association

  • Community Features: Gated
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Peninsula
  • High School: Peninsula High
  • Middle Or Junior School: Key Peninsula Mid

Lot Info

  • Parcel Number: 002101-1-026
  • Topography: Level,Sloped
  • Lot Size Acres: 4.02
  • Lot Size Sq Ft: 175111
  • Zoning Description: RCA-Rural Activity Center
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County Assessor
  • ZoningJurisdiction: County
  • ZoningClass: Business,Industrial-Light,Multi-Family,Office,Retail,See Remarks
  • IrrigationType: None
  • SlopeComment: East - Key Peninsula Hwy

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Tax Annual Amount: 3580

MLS Schools

  • Elementary School: Vaughn Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2022
Closed on
Jan 31, 2023
Sold by
Miller Hugh C and Miller Julie R
Bought by
Blackstone Construction Llc
Seller's Agent
Fred Angus
Sievers Real Estate
Buyer's Agent
Jennifer Sievers
Sievers Real Estate
List Price
$475,000
Sold Price
$400,000
Premium/Discount to List
-$75,000
-15.79%
Views
48
Current Estimated Value
$425,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,196
Original Mortgage
$296,000
Outstanding Balance
$286,612
Interest Rate
6.27%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 31, 2003
Sold by
Northwestern Trust
Bought by
Miller Hugh C

Purchase Details

Closed on
Feb 9, 2000
Sold by
Cole Bruce C
Bought by
Northwestern Trust
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
Blackstone Construction Llc -- Fidelity National Title
Miller Hugh C $105,000 Rainier Title Company
Northwestern Trust $134,316 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blackstone Construction Llc $296,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2023 02/01/23 Sold $400,000 -15.8% --
01/21/2023 01/21/23 Pending -- -- --
05/25/2022 05/25/22 For Sale $475,000 -- --
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
2025 $3,608 $452,900 $429,600 $23,300
2024 $3,608 $453,700 $429,600 $24,100
2023 $3,608 $378,100 $353,700 $24,400
2022 $3,545 $378,100 $353,700 $24,400
2021 $3,598 $316,500 $292,100 $24,400
2019 $3,875 $348,900 $324,500 $24,400
2018 $4,048 $349,000 $324,600 $24,400
2017 $4,048 $352,300 $292,100 $60,200
2016 $4,126 $319,500 $292,100 $27,400
2014 $4,269 $319,500 $292,100 $27,400
2013 $4,269 $319,500 $292,100 $27,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1933295

Northwest Multiple Listing Service (NWMLS)

APN: 002101-1026