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11811 65th Place NE
Score
0
Lake Stevens, WA

11811 65th Place NE

425K
3 bd • 2 ba • 1,344 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

$425,000

Price/Sq.Ft

$316

Year Built

1975

AI Property Analysis

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

The Good

This manufactured home offers exceptional value at $316.22/sqft, which is approximately 25% below the Lake Stevens average of $420/sqft for similar properties. The generous 10,454 sqft lot provides ample space for outdoor activities, parking, and potential expansion. Recent updates including new carpet and paint enhance move-in readiness. The property features a detached shop with a power car lift, adding significant value for auto enthusiasts or those needing workspace (estimated value: $15,000-$20,000). Climate risk scores are remarkably low, with minimal flood (1/10), fire (1/10), and wind (1/10) risks, potentially leading to lower insurance premiums. The property has shown strong appreciation, increasing 80.9% from its last sale price of $235,000 in September 2024.

The Bad

The property's age (built 1975) suggests potential for increased maintenance costs and outdated systems. At 1,344 sqft, it's smaller than many newer homes in the area, which average 1,800-2,000 sqft. The half bathroom configuration (1.5 baths total) may be less desirable for some buyers compared to full 2-bath layouts. The wood-burning stove, while charming, may require additional maintenance and could be a safety concern. The air quality risk score of 7/10 is concerning, with 10 bad air days per year, which could impact outdoor enjoyment and potentially health.

The Ugly

As a manufactured home, this property may face stricter lending requirements and potentially lower appreciation rates compared to traditional stick-built homes. The estimated insurance cost of $1,530/year is relatively high for the property value, possibly due to its manufactured nature. Given its age, major systems (plumbing, electrical, HVAC) may need replacement soon, with potential costs of $20,000-$30,000. The severe air quality risk (7/10) could necessitate investment in air purification systems and may impact long-term health. The property's price history shows significant volatility, with a 273% increase from 1994 to 2024, followed by another 80.9% increase in just four months, which raises questions about market stability and potential overvaluation.

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 first-time homebuyers or downsizers with a household income around $85,000-$95,000 (based on a 28% front-end DTI ratio). It suits those who prioritize lot size over interior space, potentially for gardening or outdoor hobbies. Auto enthusiasts or small business owners will appreciate the detached shop with car lift. The property is well-suited for those seeking a more rural lifestyle while maintaining proximity to Lake Stevens amenities. Investors looking for a potential rental property could benefit from the strong local rental market, with three-bedroom homes renting for an average of $3,100/month, potentially yielding a gross rental yield of 8.7%.

Not For

This property is not suitable for larger families requiring more than 3 bedrooms or those needing more than 1,500 sqft of living space. Buyers seeking new construction or turnkey properties may find the potential maintenance and upgrade costs unappealing. Those with respiratory issues should be cautious due to the high air quality risk score. Luxury home buyers or those seeking waterfront property will find this option lacking. Investors focused on rapid appreciation or those uncomfortable with the unique aspects of manufactured home ownership should look elsewhere.
Demographics
Area Median Income

$102,304

Property History

Price History
Ownership Timeline
$235,000Financed
Aug 29, 2024
Richard A HinesCold Creek Homes Inc
Warranty Deed
Non-Residential Arm's Length Transactions
$0Cash Purchase
Oct 26, 2015
Sherri L Hines, Richard A HinesRichard A Hines
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
May 17, 2006
Richard A HinesRichard A Hines, Sherri L Hines
Intrafamily Transfer
Non-Arm's Length Transactions
$63,000Financed
Apr 27, 1994
Robert P Nicklos, Beverly J NicklosRichard Hines, Judy Hines
Warranty Deed
Standard Sale (Purchase/Resales)

Property Taxes

$248
2023 Tax Assessment
3.9%from previous year
Assessed Value$258,700
Tax Rate0.10%

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Climate Risks

airMAJOR

10 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 manufactured nature of the home may limit financing options and future resale potential. Given its age, there's a high risk of major system failures (HVAC, plumbing, electrical) within the next 5-10 years. The severe air quality risk (7/10) could lead to increased health-related expenses and potentially impact property value. The rapid price appreciation (80.9% in 4 months) suggests a risk of market volatility or potential overvaluation. The wood-burning stove may require additional insurance coverage and poses a fire risk if not properly maintained. Long-term climate change projections for the area indicate potential increases in wildfire risk and summer heat, which could affect property values and living conditions.
Insurance
Annual Cost

$1,530

$128 per month

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Schools

Mt. Pilchuck Elementary School

Public•Grades K-5
7/5
Elementary
2.9 mi
Get more information on GreatSchools

North Lake Middle School

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

Lake Stevens Sr High School

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

Financials

Monthly Costs
Market Rent (3 bed)

$3,100

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$425,000
Price/sqft
$316
Layout
3 bd•2 ba
Days on market
17 daysat time of analysis

Stats in the Area

Based on 1 comparable properties nearby

Average Price

$240,000

77.1%

Your price is 77.1% above average

Median Price

$240,000

77.1%

Based on 1 recent sales

Price per Sq.Ft

N/A

No price per sq.ft data available

Comparable Properties

12220 49th Street NE, Lake Stevens, WA 98258
Price: $240,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 9/5/2024

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