NOT LISTED FOR SALE

1103 - 1103 1 2 Galloway St Steilacoom, WA 98388

Estimated Value: $580,000 - $678,000

4 Beds
2 Baths
1,772 Sq Ft
$357/Sq Ft Est. Value

Last Sold June 10, 2024

Last sale price $625,000 $353 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,841/month

51 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Ceramic Tile Flooring
  • Steilacoom High School Rated A-
  • Patio
  • Baseboard Heating

About This Home

As of June 2024

Welcome to your next investment! This beautiful duplex in the coveted town of Steilacoom is the investment that you've been looking for. Enjoy a quiet and peaceful setting on a corner lot with 2 fully-fenced back yards each privately fenced! Each unit features 2 beds and 1 bathroom with an attached 1 car garage for each space. Whether you're looking to house hack and occupy one of the units, or you're an investor looking for a sound investment, this clean and well-maintained home is an awesome opportunity. Finding tenants for this home is not hard! Both units are currently occupied and on month-to-month leases and each unit is separately metered. Close to JBLM, schools, shopping, and more!

Last Agent to Sell the Property

Gervon Simon

COMPASS License #21036822 Listed on: 03/21/2024

COMPASS

Last Buyer's Agent

Kyle Walker

COMPASS License #134001

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2211224

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,048

Year Built

  • Built in 1971

Lot Details

  • 0.25 Acre Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,772 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Cherrydale Elementary School
  • Pioneer Mid Middle School
  • Steilacoom High School

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Cultums Add To Steilacoom Condos
  • Steilacoom Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0219052032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,048

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1971
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Cultums Add To Steilacoom
  • New Construction: No
  • CalculatedSquareFootage: 1772
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you for showing!
  • Special Features: None
  • Cumulative Days on Market: 324

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Interior Amenities: Ceramic Tile, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: LeMay Pierce County Refuse
  • SewerCompany: Town of Steilacoom
  • WaterCompany: Town of Steilacoom
  • WaterSewerGarbage: 2700

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Steilacoom Historica
  • High School: Steilacoom High
  • Middle Or Junior School: Pioneer Mid

Lot Info

  • Parcel Number: 0219052032
  • Lot Size Acres: 0.2506
  • Lot Size Sq Ft: 10916
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.8
  • LeasedItems: None
  • TotalMonthlyIncome: 3225

Multi Family

  • Gross Scheduled Income: 38700
  • Net Operating Income: 28827
  • Number Of Units Total: 3
  • Insurance Expense: 1190
  • Leasable Area: 1772
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4048

MLS Schools

  • Elementary School: Cherrydale Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 29, 2024
Sold by
Goodale Timothy and Goodale Katrina
Bought by
Griffith Kyle and Griffith Nathan
Seller's Agent
Gervon Simon
COMPASS
Buyer's Agent
Kyle Walker
COMPASS
List Price
$575,000
Sold Price
$625,000
Premium/Discount to List
$50,000
8.7%
Views
40
Current Estimated Value
$632,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,765
Avg. Annual Appreciation
1.14%
Original Mortgage
$500,000
Outstanding Balance
$494,659
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$138,106

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 20, 2024
Sold by
Griffith Michelle and Griffith Andrew
Bought by
Griffith Andrew
Seller's Agent
Gervon Simon
COMPASS
Buyer's Agent
Kyle Walker
COMPASS
List Price
$575,000
Sold Price
$625,000
Premium/Discount to List
$50,000
8.7%
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$494,659
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$138,106

Purchase Details

Closed on
Feb 25, 2020
Sold by
Daniels Craig and Daniels Debra
Bought by
Goodale Timothy and Goodale Katrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,508
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Closed on
Apr 27, 2005
Sold by
Hanks Joseph J
Bought by
Daniels Craig and Daniels Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
5.92%
Mortgage Type
Fannie Mae Freddie Mac
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
Griffith Kyle $625,000 Ticor Title
Griffith Andrew -- None Listed On Document
Goodale Timothy $403,000 Wfg National Title
Daniels Craig $230,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffith Kyle $500,000
Previous Owner Goodale Timothy $422,100
Previous Owner Goodale Timothy $417,508
Previous Owner Daniels Craig $172,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2024 06/10/24 Sold $625,000 +8.7% $353 / Sq Ft
05/11/2024 05/11/24 Pending -- -- --
05/09/2024 05/09/24 For Sale $575,000 0.0% $324 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $575,000 -- $324 / 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 $4,048 $558,500 $264,100 $294,400
2024 $4,048 $497,700 $250,400 $247,300
2023 $4,097 $469,500 $241,000 $228,500
2022 $4,097 $464,600 $241,000 $223,600
2021 $3,630 $336,400 $173,000 $163,400
2019 $2,893 $295,800 $153,100 $142,700
2018 $2,855 $260,700 $123,300 $137,400
2017 $2,464 $224,000 $94,200 $129,800
2016 $2,292 $183,800 $75,500 $108,300
2014 $2,206 $178,200 $75,500 $102,700
2013 $2,206 $167,900 $73,900 $94,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2211224

Northwest Multiple Listing Service (NWMLS)

APN: 021905-2032