Listed by Old Towne Realty, Bought with Better Properties Kitsap
NOT LISTED FOR SALE

Estimated Value: $328,000 - $437,000

4 Beds
2 Baths
1,176 Sq Ft
$340/Sq Ft Est. Value

Last Sold September 19, 2013

Last sale price $102,500 $87 Per Sq Ft

Est. 290% increase in value since last sale

Current estimated payment $2,345/month

302 Days on Market

Highlights

  • City View
  • 1-Story Property
  • 4-minute walk to East 9th Street Mini Park
  • Wall to Wall Carpet

About This Home

As of September 2013

Investor's take notice on this 10% CAP RATE! This one is a money maker. Currently has one vacancy for the primary resident looking for additional income. Off street parking and large storage unit under the side by side units. Seconds from the Manette Bridge and minutes from the ferry. Cruise north on Wheaton Way to East Bremerton and Silverdale or walk to all that the Manette commercial core has to offer. Exterior a bit rough but the interior in pretty good shape. ESTATE SALE

Last Agent to Sell the Property

Joseph Chesley

Old Towne Realty License #95110 Listed on: 10/21/2012

Co-Listed By

Donn Hughes

Old Towne Realty License #49809

Last Buyer's Agent

Wendy Chaney

Better Properties Kitsap License #87642

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 417164

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,822

Year Built

  • Built in 1941

Lot Details

  • 3,920 Sq Ft Lot
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Built-Up Roof
  • Wood Composite

Interior Spaces

  • 1,176 Sq Ft Home
  • 1-Story Property
  • City Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • Open Parking

Schools

  • Armin Jahr Elementary School
  • Mtn View Mid Middle School
  • Bremerton High School

Utilities

  • Cable TV Available

Community Details

  • Manette Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 4
  • Assessor Parcel Number 39180010050008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,822

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1941
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 1176
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: City
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Bremerton
  • WaterCompany: Bremerton

Schools

  • Junior High Dist: Bremerton #100c
  • High School: Bremerton High
  • Middle Or Junior School: Mtn View Mid

Lot Info

  • Parcel Number: 39180010050008
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • ZoningClass: Multi-Family
  • LotNumber: 5

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 1200

Tax Info

  • Year: 2012
  • Tax Annual Amount: 1822

Multi Family

  • Number Of Units Total: 2
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Armin Jahr Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2012
Closed on
Sep 16, 2013
Sold by
Simas Janet
Bought by
Matheson Jesse D and Griffin Felicienne T
Seller's Agent
Joseph Chesley
Old Towne Realty
Buyer's Agent
Wendy Chaney
Better Properties Kitsap
List Price
$140,000
Sold Price
$102,500
Premium/Discount to List
-$37,500
-26.79%
Current Estimated Value
$399,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,110
Avg. Annual Appreciation
11.88%
Original Mortgage
$76,875
Outstanding Balance
$57,276
Interest Rate
4.36%
Mortgage Type
New Conventional
Estimated Equity
$342,334

Purchase Details

Closed on
May 17, 2012
Sold by
Hills Kenneth
Bought by
Hills Scott Avenue Llc
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
Matheson Jesse D $102,780 Pacific Northwest Title Silv
Hills Scott Avenue Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matheson Jesse D $76,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2013 09/19/13 Sold $102,500 -26.8% $87 / Sq Ft
08/20/2013 08/20/13 Pending -- -- --
10/21/2012 10/21/12 For Sale $140,000 -- $119 / 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
2026 $2,917 $330,650 $107,770 $222,880
2025 $2,917 $330,650 $107,770 $222,880
2024 $2,815 $330,650 $107,770 $222,880
2023 $3,258 $370,300 $107,770 $262,530
2022 $3,020 $308,570 $89,800 $218,770
2021 $2,530 $236,570 $68,340 $168,230
2020 $2,412 $225,380 $65,110 $160,270
2019 $2,163 $209,400 $60,490 $148,910
2018 $2,102 $132,780 $46,180 $86,600
2017 $1,739 $132,780 $46,180 $86,600
2016 $1,614 $116,640 $40,510 $76,130
2015 $1,466 $105,400 $42,700 $62,700
2014 -- $105,400 $42,700 $62,700
2013 -- $112,890 $42,700 $70,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 417164

Northwest Multiple Listing Service (NWMLS)

APN: 3918-001-005-00-08