39201 State Rte 20
39201 State Rte 20
Oak Harbor, WA 98277
$2,000,000
Last Sold Price
16
Beds
9
Baths
6,700 Sq. Ft.
$299 / Sq. Ft.
6,700
Sq. Ft.
$299
per Sq. Ft.
Sold 11/7/23
Sold 11/7/23
Listing provided courtesy of Westlake Associates, Inc., RE/MAX Gateway
Description
The Cottages at Oak Harbor is a community consisting of 9 stand-alone apartment homes nestled in a quiet park-like setting. The cottages are located just a short walk to Moran’s Beach County Park, Hyde Beach, and Deception Pass. The Cottages are comprised of (7) 2 bed/1 bath homes and (2) 1 bed/1 bath homes built in 1952. The 2-bedroom homes measure between 700-800 SF and the 1-bedroom homes are 600 SF. Washer/Dryer in-unit, hardwood floors, large fenced yards with private decks. The property provides...The Cottages at Oak Harbor is a community consisting of 9 stand-alone apartment homes nestled in a quiet park-like setting. The cottages are located just a short walk to Moran’s Beach County Park, Hyde Beach, and Deception Pass. The Cottages are comprised of (7) 2 bed/1 bath homes and (2) 1 bed/1 bath homes built in 1952. The 2-bedroom homes measure between 700-800 SF and the 1-bedroom homes are 600 SF. Washer/Dryer in-unit, hardwood floors, large fenced yards with private decks. The property provides an investor with the unique opportunity to own a well-maintained asset in an inventory-constrained market located close to beaches. A new owner has the opportunity to raise rents 10% to market levels without upgrades to unit interiors.
- Listed by Louis Voorhees • Westlake Associates, Inc.
- Listed by River Voorhees • Westlake Associates, Inc.
Property Details for 39201 State Rte 20
Community Name
Oak Harbor
School DistrictOak Harbor
ViewTerritorial
Number of Assigned Spaces18
Total Covered Parking0
Entry Date06-12-2023
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Westlake Associates, Inc.![]()
Sold By RE/MAX Gateway
Add your commute
LISTING UPDATED: 11/09/2023 04:15 PM
Property Details for 39201 State Rte 20
| Status | Sold |
|---|---|
| MLS # | 2126402 |
| Days on Market | 42 |
| Cumulative Days on Market | 42 |
| Taxes | $9,023 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1952 |
| Lot Size | 1.77 AC / 77,101 SF |
| County | Island County |
Location
Listing Courtesy of Westlake Associates, Inc.![]()
Sold By RE/MAX Gateway
Add your commute
Building Information for 39201 State Rte 20
Stories1Residences9Year Built1952Building Size-Lot Size1.77 AC / 77,101 SF
Payment Calculator
$11,667 per month
30 year fixed, 7.25% Interest
Principal and Interest
$10,915
Property Taxes
$752
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 39201 State Rte 20
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Deck, Fenced-Fully, Fenced-Partially
- Area: 813 - North Whidbey Island
- Directions: From I-5 take Exit#226 Anacortes. Go West on WA Hwy-536 for approx. 13 miles. Turn Left onto HWY 20. Drive about 8.7 miles. Property on right side. Can turn on to private street.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 18.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Hardwood
- Features: Hardwood
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
Exterior Features
- Exterior: Wood
- Roof: Metal
Property
Utilities
- Water/Sewer/Garbage: 8755
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 15
Lot Information
- Lot Details: Paved
- Lot Size Source: Island County Assessor
- Parcel Number Free Text: R133114621390
- Calculated Square Footage: 6700
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 6700.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 18
- Number of Stories in Building: 1
- Vacancy Rate: 5
- Number Of Units Total: 9
- Units Below Grade: false
- Units In Building Total: 9
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 42533
- Gross Adjusted Income: 153615
- Gross Rent Multiplier: 12.99
- Gross Scheduled Income: $161,700
- Insurance Expense: $2,250
- Net Operating Income: $111,082
- Other Expenses: $22,505
- Total Monthly Income: 13475
- Fuel Expense: $0
Unit 1
- Name Unit 1: H
- Square Feet Unit 1: 700
- Rent Unit 1: $1,600.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: G
- Square Feet Unit 2: 800
- Rent Unit 2: $1,550.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: F
- Square Feet Unit 3: 800
- Rent Unit 3: $1,425.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: E
- Square Feet Unit 4: 800
- Rent Unit 4: $1,425.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: D
- Square Feet Unit 5: 800
- Rent Unit 5: $1,350.00
- Bedrooms Unit 5: 2
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: C
- Square Feet Unit 6: 600
- Rent Unit 6: $1,325.00
- Bedrooms Unit 6: 1
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: B
- Square Feet Unit 7: 600
- Rent Unit 7: $1,250.00
- Bedrooms Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: A2
- Square Feet Unit 8: 800
- Rent Unit 8: $1,475.00
- Bedrooms Unit 8: 2
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: A1
- Square Feet Unit 9: 800
- Rent Unit 9: $1,550.00
- Bedrooms Unit 9: 2
- Bathrooms Unit 9: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5785.0
- Leasable Area Units: Square Feet
Property History for 39201 State Rte 20
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 39201 State Rte 20
Taxable ValueLand$220,000Additions$983,315Total$1,203,315
Home Facts
Beds1Total Finished SqFt728 SqFtAbove Ground SqFt728 SqFtStories1Lot Size77,101 SqFtStyleSingle Family ResidenceYear Built1952Zoning10CountyISLANDAPNR13311-462-1390
Schools near 39201 State Rte 20
This home is within Oak Harbor School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 4 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Crescent Harbor Elementary School PublicK to 4 | ||
North Whidbey Middle School Public7 to 8 | ||
Oak Harbor High School Public9 to 12 | ||
Oak Harbor Virtual Academy PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Westlake Associates, Inc.
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.