Listed by First Harbor Real Estate, Inc., Bought with Olympic Sotheby's Int'l Realty
NOT LISTED FOR SALE

106 E Cedar Ave Montesano, WA 98563

Estimated Value: $413,000 - $460,000

4 Beds
1 Bath
2,075 Sq Ft
$209/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $376,000 $181 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,613/month

14 Days on Market

Highlights

  • Corner Lot
  • Wall to Wall Carpet
  • 2-minute walk to Kelsey Park
  • Wood Siding
  • 1-Story Property

About This Home

As of December 2021

Fantastic opportunity for investment, multi-generational living or to offset mortgage with rental income in desirable Montesano. This very well maintained one level 2075 sq ft duplex sits on a spacious 12,000 sq ft partially fenced corner lot and within walking distance of parks, schools, and stores. Each unit is approx. 1037 sq ft. Unit 104 has 2 bedrooms and 1 full bathroom.Unit 106 has 2 bedrooms, 3/4 bath and many updates including very nice laminate flooring. Each unit has their own driveway and carport/patio on opposite sides as well as a 525 sq ft garage (no garage door) for unit 106. Montesano is a great location only minutes from Olympia, ocean beaches, lakes, and rivers. Buyer to verify all.

Last Agent to Sell the Property

Kristi Norberg

First Harbor Real Estate, Inc. License #116562 Listed on: 10/22/2021

Last Buyer's Agent

John Stormans

Olympic Sotheby's Int'l Realty License #130340

Olympic Sotheby's Int'l Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1857002

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,633

Year Built

  • Built in 1965

Lot Details

  • 0.28 Acre Lot
  • Corner Lot

Home Design

  • Duplex
  • Concrete Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,075 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 9 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Community Details

  • Montesano Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 & 4 / 1
  • Assessor Parcel Number 071400100300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,633

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1965
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2075
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 1/2 of total
  • Special Features: None
  • Cumulative Days on Market: 384

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, See Remarks, Vinyl, Carpet
  • Interior Amenities: Forced Air, Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Concrete Ribbon
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Grays Harbor PUD
  • SewerCompany: City of Montesano
  • WaterCompany: City of Montesano
  • WaterSewerGarbage: 2454

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Montesano
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 071400100300
  • Lot Size Acres: 0.2755
  • Lot Size Sq Ft: 12000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 3 & 4

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 154
  • LeasedItems: None
  • TotalMonthlyIncome: 2250

Multi Family

  • Gross Scheduled Income: 27000
  • Net Operating Income: 21017
  • Number Of Units Total: 2
  • Insurance Expense: 896
  • Leasable Area: 2075
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2633

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2022
Sold by
Stormans Gregory D and Stormans Cristina L
Bought by
Cjcg Investments Llc
Current Estimated Value
$432,969

Purchase Details

Listed on
Oct 22, 2021
Closed on
Dec 15, 2021
Sold by
Kirkwood John R
Bought by
Stormans Gregory and Stormans Cristina
Seller's Agent
Kristi Norberg
First Harbor Real Estate, Inc.
Buyer's Agent
John Stormans
Olympic Sotheby's Int'l Realty
List Price
$364,900
Sold Price
$376,000
Premium/Discount to List
$11,100
3.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.65%
Original Mortgage
$263,250
Interest Rate
3.09%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cjcg Investments Llc -- --
Stormans Gregory $376,000 Grays Harbor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stormans Gregory $263,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $376,000 +3.0% $181 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $364,900 -- $176 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,259 $352,500 $89,459 $263,041
2023 $3,166 $346,464 $87,600 $258,864
2022 $3,159 $291,925 $51,520 $240,405
2021 $2,633 $291,925 $51,520 $240,405
2020 $2,459 $221,238 $46,000 $175,238
2019 $2,124 $199,308 $40,000 $159,308
2018 $2,035 $187,507 $40,000 $147,507
2017 $1,834 $141,005 $40,000 $101,005
2016 $1,765 $136,195 $40,000 $96,195
2014 -- $133,135 $40,000 $93,135
2013 -- $138,620 $40,000 $98,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1857002

Northwest Multiple Listing Service (NWMLS)

APN: 071400100300