Listed by Real Broker LLC, Bought with Olympic Sotheby's Int'l Realty
NOT LISTED FOR SALE

1111 E Fairview Ln Montesano, WA 98563

Estimated Value: $348,000 - $453,898

4 Beds
2 Baths
2,080 Sq Ft
$197/Sq Ft Est. Value

Last Sold January 04, 2024

Last sale price $425,000 $204 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,455/month

3 Days on Market

Highlights

  • Deck
  • No HOA
  • Ceramic Tile Flooring
  • Territorial View
  • Patio
  • High Speed Internet

About This Home

As of January 2024

Superb investment opportunity with this well-maintained duplex, nicely situated in Montesano. Both units are occupied by fantastic tenants who would love to stay. Each unit is 1040 sq ft. Entering the front door you'll find the living, dining area, kitchen and laundry. Downstairs hosts two bedrooms and a bath. The east unit’s fridge and dishwasher are a few months new. The west unit includes a 2 year-old fridge and washer/dryer. The west unit boasts hardy Lifeproof flooring throughout. Sliders in the dining area provide tons of light and walk out onto sizable decks. Downstairs, the south bedroom sliders open to concrete patios. The partially-fenced yard has two small storage sheds. 3 minutes to downtown. This is an exceptional property.

Last Agent to Sell the Property

Theresa Jump

Real Broker LLC License #125731 Listed on: 11/28/2023

Real Broker LLC

Last Buyer's Agent

Tommy Lowe

Olympic Sotheby's Int'l Realty License #97082

Olympic Sotheby's Int'l Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2168877

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,265

Year Built

  • Built in 2008

Lot Details

  • 6,098 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,080 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Montesano Subdivision

Listing and Financial Details

  • Assessor Parcel Number 075800100003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,265

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2008
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2080
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

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
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: GH PUD
  • SewerCompany: City of Montesano
  • WaterCompany: City of Montesano
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Montesano

Lot Info

  • Parcel Number: 075800100003
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.46
  • LeasedItems: None
  • TotalMonthlyIncome: 2450

Multi Family

  • Gross Scheduled Income: 29400
  • Net Operating Income: 24259
  • Number Of Units Total: 2
  • Insurance Expense: 1376
  • Leasable Area: 2080
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3265

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2023
Closed on
Dec 29, 2023
Sold by
Sisco Cody W and Sisco Sarah R
Bought by
Lowe Thomas R and Lowe Krista M
Seller's Agent
Theresa Jump
Real Broker LLC
Buyer's Agent
Tommy Lowe
Olympic Sotheby's Int'l Realty
List Price
$425,000
Sold Price
$425,000
Views
13
Current Estimated Value
$409,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,525
Avg. Annual Appreciation
-2.08%
Original Mortgage
$340,000
Outstanding Balance
$334,894
Interest Rate
7.75%
Mortgage Type
New Conventional
Estimated Equity
$74,581

Purchase Details

Listed on
Nov 21, 2020
Closed on
Jan 26, 2021
Sold by
Campbell Ryan L
Bought by
Sisco Cody W and Sisco Sarah R
Seller's Agent
Megan Ryan
Spivey Realty Group, LLC
Buyer's Agent
Theresa Jump
Real Broker LLC
List Price
$320,000
Sold Price
$318,000
Premium/Discount to List
-$2,000
-0.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.41%
Original Mortgage
$288,000
Interest Rate
2.67%
Mortgage Type
VA

Purchase Details

Listed on
May 19, 2017
Closed on
Oct 17, 2017
Sold by
Backholm Caleb J and Backholm Abigail
Bought by
Campbell Ryan L
Seller's Agent
Jason Atwood
Oly Pen Real Estate
Buyer's Agent
David Dagnen
Windermere RE/Aberdeen
List Price
$225,000
Sold Price
$230,000
Premium/Discount to List
$5,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.38%
Original Mortgage
$184,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2007
Sold by
Napier James M and Napier Denise
Bought by
Backholm Caleb J
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lowe Thomas R $425,000 Chicago Title
Sisco Cody W $318,000 Pacific Title
Campbell Ryan L -- Coast Title
Backholm Caleb J $30,000 Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lowe Thomas R $340,000
Previous Owner Sisco Cody W $288,000
Previous Owner Campbell Ryan L $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/04/2024 01/04/24 Sold $425,000 0.0% $204 / Sq Ft
12/01/2023 12/01/23 Pending -- -- --
11/28/2023 11/28/23 For Sale $425,000 +33.6% $204 / Sq Ft
01/28/2021 01/28/21 Sold $318,000 -0.6% $153 / Sq Ft View Prior Sale
12/02/2020 12/02/20 Pending -- -- --
11/21/2020 11/21/20 For Sale $320,000 +39.1% $154 / Sq Ft
10/19/2017 10/19/17 Sold $230,000 +2.2% $111 / Sq Ft View Prior Sale
09/01/2017 09/01/17 Pending -- -- --
08/29/2017 08/29/17 For Sale $225,000 0.0% $108 / Sq Ft
06/05/2017 06/05/17 Pending -- -- --
05/19/2017 05/19/17 For Sale $225,000 -- $108 / 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 $3,406 $368,480 $55,924 $312,556
2023 $2,972 $360,283 $55,924 $304,359
2022 $3,415 $315,555 $32,890 $282,665
2021 $2,822 $315,555 $32,890 $282,665
2020 $2,646 $237,198 $29,366 $207,832
2019 $2,271 $214,474 $25,536 $188,938
2018 $2,612 $200,479 $25,536 $174,943
2017 $2,337 $200,479 $25,536 $174,943
2016 $2,261 $173,531 $25,536 $147,995
2014 -- $170,571 $25,536 $145,035
2013 -- $164,501 $25,536 $138,965
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2168877

Northwest Multiple Listing Service (NWMLS)

APN: 075800100003