Skip main navigation
Pending
    • Listed by: Windermere Prof Partners • Deborah Bonneville
    Price cut: $50.1K (6/12)
    $724,888

    866 NW Karkainen Lane, Poulsbo, WA 98370

    5beds
    2,982sqft
    : 
    $4,389/mo
    Get pre-qualified
    Single Family Residence
    Built in 1948
    0.51 Acres Lot
    $721,100 Zestimate®
    $243/sqft
    $-- HOA

    What's special

    Full loft-style third bedroomGenerous half-acre lotPlenty of off-street parkingPartially finished basementDedicated garden spaceFlexible floorplanSpacious half-acre lot
    Motivated Seller!!! Welcome to this rare multi-home opportunity in the heart of Poulsbo! Situated on a spacious half-acre lot just inside the Poulsbo UTA, this versatile property offers endless possibilities for investors, multi-gen living, or owner-occupants seeking additional income potential. Both homes were remodeled and permitted in the 2022-2023 timeframe, blending modern updates with timeless character and charm.The beautifully updated main home features 3 bedrooms and 2 baths with a flexible floorplan that includes the primary bedroom and second bedroom on the main level. Upstairs, you'll discover a full loft-style third bedroom complete with a fun “special secret room” that adds character to the space. A partially finished basement has recently been waterproofed, offering additional storage or future expansion potential. Connected to sewer while maintaining the benefit of a private well. The det-ADU includes 1 bed, 1 bath, and a 1-car garage, currently generating $1,500 per month in rental income. The main home is tenant occupied but will be vacant at the end of June, creating an ideal opportunity for an owner-occupant or investor looking to maximize income potential. Outside, enjoy dedicated garden space, plenty of off-street parking, and room to spread out on the generous half-acre lot. Commute? What a breeze being 10min to Bangor or an easy ride to Bainbridge Ferry Terminal. Some interior photos are from a previous listing but do represent the home accurately.
    85 days
    |
    278
    |
    12
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Deborah Bonneville,

    Windermere Prof Partners,

    Jennifer Fetterplace,

    Windermere Prof Partners

    Source: NWMLS as distributed by MLS GRID,MLS#: 2524977MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      • Main level bathrooms: 3
      • Main level bedrooms: 3
      Bedroom
      • Level: Second
      Bedroom
      • Level: Main
      Bedroom
      • Level: Main
      Bedroom
      • Description: ADU Bedroom
      • Level: Main
      Bathroom full
      • Level: Main
      Bathroom full
      • Level: Main
      Bathroom full
      • Description: ADU Bathroom
      • Level: Main
      Other
      • Level: Main
      Heating
      • Forced Air, Wall Furnace, Electric
      Cooling
      • None
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s), Water Heater: Electric, Water Heater Location: Basement
      Features
      • Bath Off Primary
      • Flooring: Ceramic Tile, Laminate, Carpet
      • Windows: Dbl Pane/Storm Window
      • Basement: Partially Finished
      • Has fireplace: No
      Interior area
      • Total structure area: 2,406
      • Total interior livable area: 2,982 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: Driveway, Attached Garage, Off Street
      • Has attached garage: Yes
      • Covered spaces: 1
      • Uncovered spaces: 4
      Features
      • Levels: One and One Half
      • Stories: 1
      • Patio & porch: Second Kitchen, Bath Off Primary, Dbl Pane/Storm Window, Water Heater
      Lot
      • Size: 0.51 Acres
      • Features: Corner Lot, Dead End Street, Paved, Fenced-Partially
      • Topography: Level,Partial Slope
      • Residential vegetation: Garden Space
      Details
      • Additional structures: ADU Beds: 1, ADU Baths: 1
      • Parcel number: 15260120342004
      • Zoning: Poulsbo UTA
      • Zoning description: Jurisdiction: City
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Craftsman,1 1/2 Stry w/Bsmt
      • Property subtype: Single Family Residence
      Materials
      • Cement/Concrete, Wood Siding
      • Foundation: Poured Concrete
      • Roof: Composition
      Condition
      • Updated/Remodeled
      • Year built: 1948
      • Major remodel year: 1948

      Utilities & green energy

      • Electric: Company: PSE
      • Sewer: Sewer Connected, Company: City of Poulsbo
      • Water: Individual Well, Company: Individual Well
      • Utilities for property: Xfinity, Xfinity

      Community & HOA

      Community
      • Subdivision: Poulsbo
      Location
      • Region: Poulsbo

      Financial & listing details

      • Price per square foot: $243/sqft
      • Tax assessed value: $580,780
      • Annual tax amount: $5,425
      • Date on market: 5/15/2026
      • Cumulative days on market: 86 days
      • Listing terms: Conventional,FHA,VA Loan
      • Inclusions: Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
      • Total actual rent: 4300

        Estimated market value

        $721,100

        $685,000 - $757,000

        $4,051/mo

        Price history

        DateEventPrice
        7/25/2026Pending sale$724,888$243/sqft
        Source: NWMLS as distributed by MLS GRID #2524977 Report a problem
        6/12/2026Price change$724,888-6.5%$243/sqft
        Source: NWMLS as distributed by MLS GRID #2524977 Report a problem
        6/2/2026Price change$775,000-2.5%$260/sqft
        Source: NWMLS as distributed by MLS GRID #2524977 Report a problem
        5/15/2026Listed for sale$795,000+9.7%$267/sqft
        Source: NWMLS as distributed by MLS GRID #2524977 Report a problem
        7/28/2025Listing removed$2,800$1/sqft
        Source: Zillow Rentals Report a problem
        7/12/2025Listed for rent$2,800+5.7%$1/sqft
        Source: Zillow Rentals Report a problem
        8/15/2023Listing removed--
        Source: Zillow Rentals Report a problem
        7/26/2023Price change$2,650-5.4%$1/sqft
        Source: Zillow Rentals Report a problem
        6/28/2023Listed for rent$2,800$1/sqft
        Source: Zillow Rentals Report a problem
        6/15/2023Sold$725,000-4%$243/sqft
        Source: NWMLS as distributed by MLS GRID #2053551 Report a problem
        5/4/2023Pending sale$755,000$253/sqft
        Source: NWMLS as distributed by MLS GRID #NWM2053551 Report a problem
        4/24/2023Price change$755,000-2.6%$253/sqft
        Source: NWMLS as distributed by MLS GRID #NWM2053551 Report a problem
        4/8/2023Listed for sale$775,000+93.8%$260/sqft
        Source: NWMLS as distributed by MLS GRID #NWM2053551 Report a problem
        4/18/2022Sold$400,000+1.3%$134/sqft
        Source: NWMLS as distributed by MLS GRID #1900688 Report a problem
        3/15/2022Pending sale$395,000$132/sqft
        Source: NWMLS as distributed by MLS GRID #1900688 Report a problem
        3/11/2022Listed for sale$395,000+393.8%$132/sqft
        Source: NWMLS as distributed by MLS GRID #1900419 Report a problem
        9/23/1996Sold$80,000$27/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,151 +2.3%$580,780
        2024$5,035 +25.8%$580,780 +21.7%
        2023$4,002 +24.9%$477,100 +27.1%
        2022$3,204 +18.5%$375,510 +24.7%
        2021$2,704 -2.4%$301,120 +5.7%
        2020$2,771 +9.6%$284,960 +11.6%
        2019$2,527 +4.3%$255,270 +33.4%
        2018$2,424 $191,400
        2017$2,424 +4.9%$191,400 +7.6%
        2016$2,311 -0.6%$177,920 +3.1%
        2015$2,325 $172,530 +3%
        2014$2,325 +3.9%$167,450
        2013$2,239 -2.6%$167,450 -16.7%
        2011$2,298 +1%$200,920 -6.1%
        2010$2,275 +0.6%$213,870 -8.2%
        2009$2,261 +1.8%$233,000 -4.2%
        2008$2,221 +13.1%$243,170 +11%
        2007$1,964 +13.3%$219,120 +63.6%
        2005$1,734 $133,950 +18.1%
        2002-- $113,450
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 98370

        Getting around

        50 / 100
        Somewhat Walkable
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

            Nearby cities

            Nearby neighborhoods

            Nearby zip codes

            Other Poulsbo Topics

              Search
              Updates
              Favorites
              Plan
              Inbox