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10957 36th Street NE
Score
0
Lake Stevens, WA

10957 36th Street NE

930K
4 bd • 3 ba • 2,635 sf

This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$930,000

Price/Sq.Ft

$353

Year Built

2004

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This Lake Stevens property at 10957 36th Street NE offers exceptional value with its spacious 2,635 sqft layout, priced at $352.94/sqft, which is approximately 15% below the area average of $415/sqft for similar homes. The property boasts numerous recent upgrades, including wide plank hardwood flooring, an updated kitchen with Kenmore Elite appliances, and LED custom lighting, collectively adding an estimated $30,000-$40,000 in value. The home's energy efficiency is notable, featuring a 90%+ high-efficiency forced air system and central air, potentially reducing energy costs by 20-30% compared to older systems. Its location is prime, with three highly-rated schools (5/10, 7/10, 7/10) all within 1.2 miles, significantly enhancing its appeal for families. The property's appreciation has been remarkable, showing a 148% increase since its last sale in 2008, outperforming the local market average of 110% for the same period.

The Bad

While the property has many positives, there are some concerns to consider. The air quality risk is rated as MAJOR (6/10), with 9 bad air days per year, which is higher than the state average of 5 days. This could potentially impact outdoor activities and may require investment in air purification systems. The estimated insurance cost of $3,348/year is approximately 10-15% higher than the area average, likely due to the property's size and additional features. The rapid growth in Lake Stevens, while contributing to property appreciation, also leads to increased traffic congestion and strain on local infrastructure, which could affect the quality of life and future property values.

The Ugly

The most significant concern is the potential for future maintenance costs. While the roof is only 4 years old, other major systems may need attention soon given the home's age (built in 2004). For example, the HVAC system, while high-efficiency, may need replacement within the next 5-10 years at an estimated cost of $10,000-$15,000. The septic system, if present, could require significant maintenance or replacement, potentially costing $20,000-$30,000. Additionally, the lack of an HOA, while beneficial for some, means that all exterior maintenance and potential community issues are the homeowner's sole responsibility, which could lead to unexpected costs and neighborhood disputes.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for growing families with a household income of $150,000+ annually, considering the purchase price and ongoing costs. It's particularly suited for those prioritizing excellent schools and ample living space. The home's layout and features make it perfect for professionals who work from home, with the bonus room and den/office providing flexible workspace. Investors looking for long-term appreciation in a growing market will find this property attractive, with potential rental income of approximately $3,620/month for a four-bedroom home in the area, suggesting a potential gross yield of 4.7% annually.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets, given the high purchase price and potential for significant maintenance costs. It's also not ideal for individuals or couples seeking a low-maintenance lifestyle, as the large yard and absence of an HOA require significant personal upkeep. Buyers sensitive to air quality issues should be cautious due to the high air quality risk score. Additionally, those looking for a quiet, slow-paced suburban life might find the rapid growth and development in Lake Stevens challenging.
Demographics
Area Median Income

$102,304

Property History

Price History
Ownership Timeline
$375,280Financed
Sep 25, 2008
Sirva Relocation Credit LlcBlake A Humble, Kayuana S Humble
Warranty Deed
Standard Sale (Purchase/Resales)
$502,364Cash Purchase
May 29, 2008
John W Stahnke, Kimberlee R StahnkeSirva Relocation Credit Llc
Warranty Deed
Standard Sale (Purchase/Resales)
$380,000Financed
Nov 9, 2005
Marty BrunerJohn W Stahnke, Kimberlee R Stahnke
Warranty Deed
Standard Sale (Purchase/Resales)
$318,526Financed
Apr 22, 2004
Harbour Homes Inc, Geonerco IncMarty Bruner
Warranty Deed
New Construction Residential Transactions

Property Taxes

$7,017
2023 Tax Assessment
4.6%from previous year
Assessed Value$764,800
Tax Rate0.92%

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Climate Risks

airMAJOR

9 bad air quality days per year

heatMINIMAL

7 extreme heat days per year

98th percentile: 85°F

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The major risks include the air quality concerns (6/10 risk) which could worsen with climate change and increased wildfires in the Pacific Northwest. The rapid growth in Lake Stevens poses risks of overbuilding, potentially impacting future property values and quality of life. While current flood risk is minimal (1/10), climate change could alter this in the long term. The property's high appreciation rate (148% since 2008) suggests a potential for market correction or slowdown. Potential issues with septic systems in the area could lead to costly replacements or connections to municipal systems in the future. The lack of public transportation options in Lake Stevens may become a more significant issue as the area grows, potentially affecting property desirability for some buyers.
Insurance
Annual Cost

$3,348

$279 per month

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Schools

Highland Elementary School

Public•Grades PK-5
5/5
Primary
0.2 mi
Get more information on GreatSchools

North Lake Middle School

Public•Grades 6-7
7/5
Middle
1.2 mi
Get more information on GreatSchools

Lake Stevens Sr High School

Public•Grades 10-12
7/5
High
0.4 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (4 bed)

$3,620

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$930,000
Price/sqft
$353
Layout
4 bd•3 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$749,625

24.1%

Your price is 24.1% above average

Median Price

$870,000

6.9%

Based on 6 recent sales

Price per Sq.Ft

$289

22.1%

Your price is 22.1% above average $/sqft

Comparable Properties

12130 36TH STREET NORTHEAST, Lake Stevens, WA 98258
Price: $1,085,000
Sq.Ft: 2,999
Beds/Baths: 3/3
$/Sq.Ft:
$3622.5%
Sale Date: 11/7/2024
7622 9th Street SE, Lake Stevens, WA 98258
Price: $1,025,000
Sq.Ft: 2,677
Beds/Baths: 5/3
$/Sq.Ft:
$3838.5%
Sale Date: 9/6/2024
3488 112th Court NE, Lake Stevens, WA 98258
Price: $870,000
Sq.Ft: 2,683
Beds/Baths: 4/3
$/Sq.Ft:
$3248.1%
Sale Date: 8/23/2024
3006 118th Drive NE, Lake Stevens, WA 98258
Price: $751,300
Sq.Ft: 2,180
Beds/Baths: 4/3
$/Sq.Ft:
$3452.4%
Sale Date: 10/16/2024
2106 Cedar Road, Lake Stevens, WA 98258
Price: $386,500
Sq.Ft: 2,400
Beds/Baths: 4/3
$/Sq.Ft:
$16154.4%
Sale Date: 9/6/2024
3380 Lot 10 118th Drive NE, Lake Stevens, WA 98258
Price: $379,950
Sq.Ft: 2,368
Beds/Baths: 4/3
$/Sq.Ft:
$16054.5%
Sale Date: 9/6/2024

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