NOT LISTED FOR SALE

110 Alpha Ln Port Orchard, WA 98366

Estimated Value: $524,000 - $578,000

4 Beds
2 Baths
1,724 Sq Ft
$319/Sq Ft Est. Value

Last Sold May 16, 2024

Last sale price $525,000 $305 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,291/month

20 Days on Market

Highlights

  • Deck
  • Slate Flooring
  • High Speed Internet
  • No HOA
  • Baseboard Heating
  • Property is in very good condition

About This Home

As of May 2024

If you are looking for a great investment, this is it!! Both units have been tastefully updated with laminate floors, no carpet so you have low maintenance. Your potential renters will love the updated kitchens and bathrooms everything is spotless and ready to go. The living rooms have no fireplaces so they can handle lots of furniture. The utility rooms each include washers and dryers, large closets, ideal for storage and pantry space. Each unit has a private separate garage, renters love that especially the security factor. Each unit has a its own deck, and the yards enjoy privacy from the neighbors. These units are only 5 minutes or less to Hwy 16, so they are a commuter's dream. Each unit is vacant so you can pick the new tenants.

Last Agent to Sell the Property

Dana Soyat

Windermere Prof Partners License #43533 Listed on: 03/26/2024

Windermere Prof Partners

Last Buyer's Agent

Jenn Forest

Coldwell Banker Best Homes License #100884

Coldwell Banker Best Homes

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2214581

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,639

Year Built

  • Built in 1973

Lot Details

  • 0.3 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,724 Sq Ft Home
  • 1-Story Property
  • Slate Flooring

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Sidney Glen Elementary School
  • Cedar Heights Jh Middle School
  • So. Kitsap High School

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Fernwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02230120902003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,639

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1973
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1724
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 335

Interior Features

  • Possible Use: Residential
  • Possible Bedrooms: 4
  • Fireplace: No
  • Flooring: See Remarks, Slate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of Port Orchard
  • CableConnected: Astound
  • InternetConnected: Astound
  • WaterSewerGarbage: 1680

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: South Kitsap
  • High School: So. Kitsap High
  • Middle Or Junior School: Cedar Heights Jh

Lot Info

  • Parcel Number: 02230120902003
  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.9
  • LeasedItems: None
  • TotalMonthlyIncome: 3650

Multi Family

  • Gross Scheduled Income: 43800
  • Net Operating Income: 36981
  • Number Of Units Total: 2
  • Insurance Expense: 2500
  • Leasable Area: 1724
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2024
  • Tax Annual Amount: 2639

MLS Schools

  • Elementary School: Sidney Glen Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2024
Closed on
Apr 24, 2024
Sold by
Smith Cossie Lee and Smith Kathy Ellen
Bought by
Cosio Benjamin
Seller's Agent
Dana Soyat
Windermere Prof Partners
Buyer's Agent
Jenn Forest
Coldwell Banker Best Homes
List Price
$525,000
Sold Price
$525,000
Views
62
Current Estimated Value
$550,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,731
Avg. Annual Appreciation
4.17%
Original Mortgage
$393,000
Outstanding Balance
$389,223
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$161,508

Purchase Details

Closed on
Jan 6, 2006
Sold by
Galey Cole Victoria and Galey Victoria
Bought by
Smith Cossie Lee and Smith Kathy Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,700
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2005
Sold by
Williams Allen R and Williams Jennifer A
Bought by
Galey Victoria

Purchase Details

Closed on
Nov 27, 2001
Sold by
Sanquist Carl E and Sanquist Claudia K
Bought by
Williams Allen R and Williams Jennifer A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,084
Interest Rate
6.63%
Mortgage Type
FHA
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
Cosio Benjamin $524,000 Land Title
Smith Cossie Lee $225,230 Land Title Co
Galey Victoria $153,501 None Available
Williams Allen R $124,000 Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cosio Benjamin $393,000
Previous Owner Smith Cossie Lee $133,300
Previous Owner Smith Cossie Lee $168,700
Previous Owner Williams Allen R $122,084
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2024 05/16/24 Sold $525,000 0.0% $305 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
03/26/2024 03/26/24 For Sale $525,000 -- $305 / 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 $2,986 $313,170 $68,210 $244,960
2024 $2,639 $313,170 $68,210 $244,960
2023 $2,636 $313,170 $68,210 $244,960
2022 $2,605 $260,470 $63,700 $196,770
2021 $2,516 $238,500 $59,190 $179,310
2020 $2,477 $227,650 $56,370 $171,280
2019 $1,852 $186,340 $55,400 $130,940
2018 $1,977 $155,890 $55,400 $100,490
2017 $1,709 $155,890 $55,400 $100,490
2016 $1,678 $141,680 $55,400 $86,280
2015 $1,627 $139,650 $55,400 $84,250
2014 $1,643 $137,620 $55,400 $82,220
2013 $1,829 $158,910 $58,310 $100,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2214581

Northwest Multiple Listing Service (NWMLS)

APN: 022301-2-090-2003