Score
0Oak Harbor, WA
1977 N West Beach Road
325K
3 beds
2 baths
1,394 sqft
3 bd • 2 ba • 1,394 sf
This analysis was generated on 2/20/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$325,000
Price/Sq.Ft
$233
Year Built
1974
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Unobstructed water views: The property boasts unobstructed views, enhancing its appeal and potential value. Waterfront properties in Oak Harbor typically command a 15-20% premium over similar properties without views.
• Unique hexagon design: The unique architecture adds character and may attract buyers seeking distinctive homes.
• School proximity: The property is located near highly-rated Hillcrest Elementary School (9/10 rating), a selling point for families with young children.
• Price per square foot: At $233.14 per square foot, the property is competitively priced compared to the Oak Harbor average of $300-$350/sqft for similar properties.
• Geotechnical report and mitigation proposal: The availability of these documents provides valuable information about the bluff's stability and potential mitigation measures, reducing uncertainty for potential buyers.
The Bad
• "AS IS" condition: The property's "AS IS" condition suggests that it requires repairs and renovations, which could be costly and time-consuming. This may deter buyers seeking a move-in ready home.
• High bank bluff location: While offering stunning views, the high bank bluff location presents potential risks of erosion or landslides, which could require costly mitigation measures.
• Age of the property: Built in 1974, the property may have outdated systems and require upgrades to meet modern standards, adding to the overall cost of ownership. Homes built before 1978 may contain lead-based paint, requiring lead paint remediation.
• Days on Market: The 76 days on market is above the local average, suggesting potential issues with the property's price, condition, or location. The average days on market in Oak Harbor, WA is around 45-60 days.
• Unknown Median Income: Median income is not defined in the data, so it is hard to understand the context of affordability for the area.
The Ugly
• Potential bluff instability: The high bank bluff location presents a significant risk of erosion or landslides, potentially jeopardizing the property's foundation and safety. Mitigation costs could range from $10,000 to $50,000 or more, depending on the severity of the issue.
• "AS IS" condition: The property's "AS IS" condition suggests that it may have significant structural or cosmetic problems, requiring extensive and costly repairs. Hidden issues, such as mold, asbestos, or foundation problems, could add thousands of dollars to the renovation budget.
• Safety Concerns: "Use Extreme Caution while walking around the property" suggests significant safety hazards that could lead to injury.
• Baseboard and Wall Furnace Heating: The heating system may be outdated, inefficient and expensive to operate. Replacing the heating system with a modern heat pump could cost $5,000-$10,000, but would improve energy efficiency and comfort.
• Potential for high insurance costs: The combination of bluff location, fire risk, and potential structural issues could result in high insurance premiums, adding to the overall cost of ownership. The estimated insurance is $1170/year, but this could increase significantly after a thorough inspection.
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
• Buyers seeking panoramic water views: The property's high bank bluff location and hexagon design maximize views, appealing to those prioritizing scenery.
• Buyers comfortable with renovation projects: The "AS IS" condition presents an opportunity for buyers seeking a fixer-upper with the potential to customize the property to their liking.
• Buyers interested in unique architectural designs: The hexagon-crafted home offers a distinctive living space, attracting those who appreciate unconventional aesthetics.
• Buyers looking for a property with potential for value appreciation: Given the 25% price increase since the last listing, there may be potential for further value appreciation, especially after renovations are completed.
• Buyers who understand the need for caution and professional guidance: The property description emphasizes the need for caution and licensed realtor viewings, indicating the importance of a professional assessment before purchasing.
Not For
• Buyers seeking move-in ready homes: The "AS IS" condition indicates that the property requires renovations and repairs, making it unsuitable for buyers looking for a hassle-free purchase.
• Buyers with limited budgets: The cost of renovations and potential mitigation work on the bluff could add significantly to the overall investment, making it less attractive to buyers with tight budgets.
• Buyers uncomfortable with potential risks: The high bank bluff location and "AS IS" condition may present risks that some buyers are unwilling to take on.
• Buyers prioritizing low maintenance: The age of the property (built in 1974) and its condition suggest that ongoing maintenance and repairs will be necessary, making it unsuitable for those seeking a low-maintenance home.
• Buyers who may have mobility issues: Extreme caution is needed when walking around the property, suggesting potential hazards.
Demographics
Area Median Income
$0
Property History
Price History
Ownership Timeline
$520,000Financed
Nov 16, 2023Jacob B Jansen, Amy J JansenRyan P Whitney, Anne M Whitney
Warranty Deed
Standard Sale (Purchase/Resales)
$200,000Financed
Aug 27, 2013Michael R PowellJacob B Jansen, Amy J Jansen
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$4,256
2023 Tax Assessment
30.9%from previous year
Assessed Value$606,428
Tax Rate0.70%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Middle
6.0/10
GoodHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$0
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