Lake Ki Waterfront Opportunity - Priced $130,000 under the tax assessed value! Whether you’re drawn to renovating the existing home or envisioning your own custom build, this diamond-in-the-rough invites you to create the lakeside retreat of your dreams. Picture yourself embracing an active lifestyle kayaking and swimming or casting a fishing line right from your front yard. All this and mere minutes from I-5, Smokey Point, and Everett. Owning this serene slice of lakefront paradise means you no longer have to seek tranquility elsewhere; it’s right at your doorstep. The enchanting woods on the property provide exceptional privacy and inspire creativity, making them an ideal backdrop for both relaxation and adventure. Community spirit thrives here, bringing neighbors together with vibrant events like Independence Day and New Year’s Day fireworks. For those with a green thumb, the expansive lot offers prime gardening space thanks to its East/West exposure, ensuring plenty of sunlight for your plants. This is your chance to transform a hidden gem into a cherished home—don’t let it slip away.
Active
Listed by: JJ Summa & Associates Inc • Jennifer J. Summa
Price cut: $50K (7/31)
$499,950
2725 Freestad Road, Arlington, WA 98223
2beds
796sqft
:
Get pre-qualified$3,013/mo
Single Family Residence
Built in 1961
0.68 Acres Lot
$-- Zestimate®
$628/sqft
$-- HOA
What's special
Lakefront paradise
- 79 days |
- 1,573 |
- 68 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jennifer J. Summa,
JJ Summa & Associates Inc
Source: NWMLS as distributed by MLS GRID,MLS#: 2527576
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom three quarter
- Level: Main
Bathroom full
- Level: Main
Great room
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Heating
- Fireplace, Baseboard, Radiant, Electric, Pellet, Wood
Cooling
- None
Appliances
- Included: Water Heater: electric, Water Heater Location: laundry
Features
- Flooring: Vinyl, Carpet
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Pellet Stove, Wood Burning, Main Level: 1, Fireplace
Interior area
- Total structure area: 796
- Total interior livable area: 796 sqft
Property
Parking
- Total spaces: 6
- Parking features: Driveway, Off Street
- Uncovered spaces: 6
Features
- Levels: One
- Stories: 1
- Patio & porch: Fireplace, Water Heater
- Has view: Yes
- View description: Lake, Territorial
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake, No Bank
Lot
- Size: 0.68 Acres
- Features: Paved, Secluded, Value In Land, Dock
- Topography: Level,Partial Slope
- Residential vegetation: Brush, Fruit Trees, Garden Space
Details
- Parcel number: 00490900002000
- Zoning description: Jurisdiction: See Remarks
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional,1 Story
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Flat
Condition
- Fixer
- Year built: 1961
Utilities & green energy
- Electric: Company: Sno Co PUD
- Sewer: Septic Tank
- Water: Public, Company: Seven Lakes Water
Community & HOA
Community
- Subdivision: Lake Ki
HOA
- HOA phone: 206-999-3216
Location
- Region: Arlington
Financial & listing details
- Price per square foot: $628/sqft
- Tax assessed value: $581,700
- Annual tax amount: $5,345
- Date on market: 5/20/2026
- Cumulative days on market: 81 days
- Listing terms: Conventional,FHA,Rehab Loan,See Remarks
- Road surface type: Dirt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Price change | $499,950-9.1%$628/sqft |
Source:  NWMLS as distributed by MLS GRID #2527576 Report a problem | ||
| 6/15/2026 | Price change | $549,950-8.2%$691/sqft |
Source: NWMLS as distributed by MLS GRID #2527576 Report a problem | ||
| 5/21/2026 | Listed for sale | $599,000$753/sqft |
Source: NWMLS as distributed by MLS GRID #2527576 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,345 +9.6% | $581,700 +1.5% |
| 2023 | $4,877 -1.7% | $573,300 -5.9% |
| 2022 | $4,963 +882.7% | $609,100 +34.8% |
| 2021 | $505 -5.2% | $451,900 -1.7% |
| 2020 | $533 -3% | $459,600 +17% |
| 2019 | $549 | $392,700 +12.2% |
| 2018 | -- | $350,000 +31.9% |
| 2017 | $538 -16.9% | $265,300 +1.5% |
| 2016 | $647 | $261,400 +4.1% |
| 2015 | $647 -8.1% | $251,200 +1.6% |
| 2013 | $704 | $247,300 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2002 | -- | -- |
| 2001 | $2,357 +7.2% | $189,000 +18.1% |
| 2000 | $2,198 | $160,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98223
Nearby schools
GreatSchools rating
- 3/10Cougar Creek Elementary SchoolGrades: K-5Distance: 2.4 mi
- 5/10Lakewood Middle SchoolGrades: 6-8Distance: 2.8 mi
- 2/10Lakewood High SchoolGrades: 9-12Distance: 2.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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