Listed by Solution Partners NW, Bought with Marketplace Sotheby's Intl Rty
NOT LISTED FOR SALE

Estimated Value: $412,000 - $498,000

4 Beds
2 Baths
1,440 Sq Ft
$319/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $450,000 $312 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,712/month

80 Days on Market

Highlights

  • Bay View
  • No HOA
  • Forced Air Heating System
  • Deck
  • Patio
  • 3-minute walk to Lions Park

About This Home

As of January 2024

Amazing CASH FLOW! Excellent rental history with a strong 8% CAP RATE! Check out this remodeled duplex with newer laminate floors throughout, freshly paint, fully-fenced, extra storage & large covered deck overlooking the huge backyard! Leftside carport is for Unit #117 and on the right is an uncovered off-street parking for unit #115! Just one block away from Lions Field waterfront park, trails, fishing, dining, shops, Olympic College and more! Large lot with a peekaboo view of the water! Great investment opportunity for a low vacancy area. Short commute to the Shipyard & ferries!

Last Agent to Sell the Property

Jane Snyder

Solution Partners NW License #95776 Listed on: 10/28/2023

Solution Partners NW

Last Buyer's Agent

Stephen Saunders

Marketplace Sotheby's Intl Rty License #2236

Marketplace Sotheby's Intl Rty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2175804

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,989

Year Built

  • Built in 1943

Lot Details

  • 8,712 Sq Ft Lot
  • Dog Run
  • Property is Fully Fenced

Property Views

  • Bay
  • Limited

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Sheridan Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39640000580009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,989

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1943
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1440
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Bay, Partial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced, FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Bremerton
  • WaterCompany: City of Bremerton
  • WaterSewerGarbage: 2799

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bremerton #100c

Lot Info

  • Parcel Number: 39640000580009
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Dog Run,Fenced-Fully,Fenced-Partially,Outbuildings,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 10.41
  • LeasedItems: None
  • TotalMonthlyIncome: 3600

Multi Family

  • Gross Scheduled Income: 43200
  • Net Operating Income: 36697
  • Number Of Units Total: 2
  • Insurance Expense: 715
  • Leasable Area: 1440
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2989

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2023
Closed on
Jan 31, 2024
Sold by
Rei Lacey Llc
Bought by
Sim Pei Jie
Seller's Agent
Jane Snyder
Solution Partners NW
Buyer's Agent
Stephen Saunders
Marketplace Sotheby's Intl Rty
List Price
$449,999
Sold Price
$450,000
Premium/Discount to List
$1
0.0%
Views
34
Current Estimated Value
$459,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,957
Avg. Annual Appreciation
1.36%
Original Mortgage
$337,500
Outstanding Balance
$331,865
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$128,092

Purchase Details

Closed on
Jun 28, 2021
Sold by
Young Steve and Young Christina
Bought by
Rei Lacey Llc

Purchase Details

Closed on
Apr 16, 2021
Sold by
Alternative Project Consultants Llc
Bought by
Young Steve and Young Christina

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 18, 2020
Sold by
Fowler Jordan A
Bought by
Alternative Project Consultants Llc
Seller's Agent
Justin Hjelm
Olympic Sotheby's Int'l Realty
Buyer's Agent
Jane Snyder
Solution Partners NW
List Price
$334,900
Sold Price
$330,000
Premium/Discount to List
-$4,900
-1.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.77%

Purchase Details

Listed on
Apr 29, 2016
Closed on
Oct 4, 2016
Sold by
Bautista Elsie G
Bought by
Fowler Jordan A
Seller's Agent
Sandi Johnson
Priority One Realty Inc.
Buyer's Agent
Justin Hjelm
Olympic Sotheby's Int'l Realty
List Price
$179,000
Sold Price
$168,000
Premium/Discount to List
-$11,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.06%
Original Mortgage
$164,957
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 23, 2005
Sold by
Tallerino Diana
Bought by
Bautista Francisco M and Bautista Elsie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,360
Interest Rate
5.58%
Mortgage Type
Stand Alone Second
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
Sim Pei Jie $450,000 Chicago Title
Rei Lacey Llc -- None Available
Young Steve -- None Available
Alternative Project Consultants Llc $330,000 First American Title
Fowler Jordan A $195,451 Fidelity National Title
Bautista Francisco M $126,800 Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sim Pei Jie $337,500
Previous Owner Fowler Jordan A $164,957
Previous Owner Bautista Francisco M $25,360
Previous Owner Bautista Francisco M $101,440
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $450,000 0.0% $313 / Sq Ft
01/16/2024 01/16/24 Pending -- -- --
01/14/2024 01/14/24 For Sale $449,999 0.0% $312 / Sq Ft
01/07/2024 01/07/24 Pending -- -- --
10/28/2023 10/28/23 For Sale $449,999 +36.4% $312 / Sq Ft
08/19/2020 08/19/20 Sold $330,000 -1.5% $229 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $334,900 0.0% $233 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $334,900 +99.3% $233 / Sq Ft
10/06/2016 10/06/16 Sold $168,000 -6.1% $117 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
04/29/2016 04/29/16 For Sale $179,000 -- $124 / 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 $3,128 $362,590 $101,410 $261,180
2024 $2,891 $347,420 $101,410 $246,010
2023 $2,989 $347,420 $101,410 $246,010
2022 $2,767 $289,520 $84,510 $205,010
2021 $2,193 $210,120 $61,360 $148,760
2020 $2,055 $196,960 $57,210 $139,750
2019 $1,788 $178,150 $51,930 $126,220
2018 $1,874 $121,230 $41,880 $79,350
2017 $1,545 $121,230 $41,880 $79,350
2016 $1,432 $106,400 $36,730 $69,670
2015 $1,261 $93,210 $37,210 $56,000
2014 -- $90,670 $37,210 $53,460
2013 -- $103,460 $39,820 $63,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2175804

Northwest Multiple Listing Service (NWMLS)

APN: 3964-000-058-00-09