Listed by Riley Jackson Real Estate Inc., Bought with Kelly Right RE of Seattle LLC
NOT LISTED FOR SALE

111 Cottage Way Unit 1-3 Aberdeen, WA 98520

Estimated Value: $243,000 - $301,000

3 Beds
3 Baths
2,112 Sq Ft
$128/Sq Ft Est. Value

Last Sold March 18, 2019

Last sale price $130,000 $62 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $1,604/month

9 Days on Market

Highlights

  • City View
  • Corner Lot
  • High Speed Internet
  • Deck
  • Patio
  • Wood Siding

About This Home

As of March 2019

Well maintained investment property, rented and ready to go! The roof and water heaters were replaced, the structure has been leveled and all rotten sill board replaced. All the apartments are currently on a month to month lease, and they are all good tenants, that pay on time! Having an onsite property manager available, the additional 1056 sqft basement available for storage, and the security of long term responsible renters, makes this investment an EASY DECISION!

Last Agent to Sell the Property

Danielle Jurasin-Myslivec

Riley Jackson Real Estate Inc. License #136062 Listed on: 01/24/2019

Last Buyer's Agent

Bonnie Moore

Kelly Right RE of Seattle LLC License #97268

Kelly Right RE of Seattle LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1404605

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,375

Year Built

  • Built in 1910

Lot Details

  • 3,096 Sq Ft Lot
  • Corner Lot

Home Design

  • Triplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,112 Sq Ft Home
  • 2-Story Property
  • City Views

Flooring

  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Benns Central Subdivision

Listing and Financial Details

  • Assessor Parcel Number 010102701200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,375

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1910
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2112
  • Special Features: None

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: City
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: GH PUD
  • SewerCompany: City of Aberdeen
  • WaterCompany: City of Aberdeen
  • WaterSewerGarbage: 3143

Schools

  • Junior High Dist: Aberdeen

Lot Info

  • Parcel Number: 010102701200
  • Lot Size Acres: 0.0711
  • Lot Size Sq Ft: 3096
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 7
  • LeasedItems: None
  • TotalMonthlyIncome: 1615

Multi Family

  • Gross Scheduled Income: 19380
  • Net Operating Income: 11222
  • Number Of Units Total: 3
  • Insurance Expense: 1251
  • Leasable Area: 2112
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 1375

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2019
Closed on
Mar 15, 2019
Sold by
Medeiros Michael R and Medeiros Gloria
Bought by
Kun Narith and Hak Songly
Seller's Agent
Danielle Jurasin-Myslivec
Riley Jackson Real Estate Inc.
Buyer's Agent
Bonnie Moore
Kelly Right RE of Seattle LLC
List Price
$135,999
Sold Price
$130,000
Premium/Discount to List
-$5,999
-4.41%
Current Estimated Value
$270,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,222
Avg. Annual Appreciation
11.69%
Original Mortgage
$97,500
Outstanding Balance
$62,953
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$207,269

Purchase Details

Closed on
Feb 28, 2008
Sold by
Medeiros Michael R
Bought by
Medeiros Michael R and Medeiros Gloria

Purchase Details

Closed on
Jan 26, 2007
Sold by
Medeiros Gloria
Bought by
Medeiros Michael R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,900
Interest Rate
8.55%
Mortgage Type
Commercial
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
Kun Narith $130,000 Grays Harbor Title
Medeiros Michael R -- First American Title Ins Co
Medeiros Michael R -- Coast Title
Medeiros Michael R $89,900 Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kun Narith $97,500
Previous Owner Medeiros Michael R $71,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2019 03/18/19 Sold $130,000 -4.4% $62 / Sq Ft
02/02/2019 02/02/19 Pending -- -- --
01/24/2019 01/24/19 For Sale $135,999 -- $64 / 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 $2,234 $233,165 $9,678 $223,487
2023 $1,972 $233,165 $9,678 $223,487
2022 $2,142 $183,817 $7,740 $176,077
2021 $1,986 $183,817 $7,740 $176,077
2020 $1,683 $154,730 $6,192 $148,538
2019 $1,168 $129,974 $6,192 $123,782
2018 $1,357 $94,953 $6,966 $87,987
2017 $1,307 $85,526 $6,966 $78,560
2016 $1,291 $85,526 $6,966 $78,560
2014 -- $89,341 $6,966 $82,375
2013 -- $90,115 $7,740 $82,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1404605

Northwest Multiple Listing Service (NWMLS)

APN: 010102701200