Listed by Windermere PeninsulaProperties, Bought with Coldwell Banker Bain
NOT LISTED FOR SALE

1303 Elizabeth Ave Bremerton, WA 98337

Estimated Value: $620,000 - $692,549

6 Beds
3 Baths
1,967 Sq Ft
$337/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $479,000 $244 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,942/month

23 Days on Market

Highlights

  • City View
  • Vinyl Plank Flooring
  • Partially Fenced Property
  • Corner Lot
  • High Speed Internet
  • 3-minute walk to Smith Nature Play Park

About This Home

As of March 2022

Income producing tri-plex in a highly desirable location! Convenient to schools, Olympic College, Evergreen park, ferries, shopping and areas beyond. Also has a detached garage rented separately and coin op laundry for additional income. One bedroom up (Unit A), 3 bdrm (Unit B), and 2 bdrm (unit C) down stairs in back. Perfect opportunity with a fantastic location on a corner lot. Downstairs unit C was just completely remodeled - new flooring, paint,trim, fixtures- ready to re-rent; the other 2 were remodeled in 2006. Great opportunity here!

Last Agent to Sell the Property

Valerie Spaulding

Windermere PeninsulaProperties License #73708 Listed on: 10/19/2021

Windermere PeninsulaProperties

Co-Listed By

Jessica Spaulding-Killoran

Windermere PeninsulaProperties License #111141

Last Buyer's Agent

Angela Angell

Coldwell Banker Bain License #118154

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1853476

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,633

Year Built

  • Built in 1919 | Remodeled

Lot Details

  • 3,485 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1,967 Sq Ft Home
  • 2-Story Property
  • City Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Parking

  • 1 Parking Space
  • 1 Covered Space

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • West Bremerton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 37310010070001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,633

Year Built

Built in 1919 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1919
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1967
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • View: City
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Slab
  • Property Condition: Remodeled
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: No
  • Total Parking Spaces: 1
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bremerton
  • WaterCompany: City of Bremerton
  • WaterSewerGarbage: 4140

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bremerton #100c
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 37310010070001
  • Lot Size Acres: 0.08
  • Lot Size: 3485
  • Lot Size Sq Ft: 3485
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: county records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2850

Multi Family

  • Gross Scheduled Income: 34200
  • Net Operating Income: 26034
  • Number Of Units Total: 3
  • Insurance Expense: 709
  • Leasable Area: 1967
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2633

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Dawson Kaleb
Bought by
1303 Elizabeth Llc
Current Estimated Value
$663,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,741
Outstanding Balance
$193,702
Interest Rate
6.87%
Mortgage Type
Seller Take Back
Estimated Equity
$466,183

Purchase Details

Listed on
Oct 19, 2021
Closed on
Mar 16, 2022
Sold by
Hill Paul T and Hill Kascelyn A
Bought by
Dawson Kaleb
Seller's Agent
Valerie Spaulding
Windermere PeninsulaProperties
Buyer's Agent
Angela Angell
Coldwell Banker Bain
List Price
$479,000
Sold Price
$479,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.61%
Original Mortgage
$431,100
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2006
Sold by
Cash Thomas E
Bought by
Hill Paul T and Hill Kascelyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
8.11%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 25, 2004
Sold by
Hall Ronnie W
Bought by
Cash Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2003
Sold by
Jensen Joan A
Bought by
Hall Ronnie W

Purchase Details

Closed on
Oct 17, 2001
Sold by
Jensen Raymond R
Bought by
Jensen Joan A

Purchase Details

Closed on
Oct 28, 1998
Sold by
Jensen Ray and Jensen Joan
Bought by
Hall Ronnie W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,500
Interest Rate
6.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 9, 1998
Sold by
Brown Patricia M
Bought by
Jensen Raymond R and Jensen Joan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,500
Interest Rate
6.6%
Mortgage Type
Seller Take Back
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
1303 Elizabeth Llc $675,000 Aegis Land Title
Dawson Kaleb $479,000 Land Title
Hill Paul T $350,280 Land Title Company
Cash Thomas E $125,000 First American Title Ins
Hall Ronnie W -- --
Jensen Joan A -- Transnation Title Insurance
Hall Ronnie W $96,500 Transnation Title Insurance
Jensen Raymond R -- Transnation Title Insurance
Brown Patricia M -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1303 Elizabeth Llc $195,741
Previous Owner Dawson Kaleb $431,100
Previous Owner Hill Paul T $280,000
Previous Owner Cash Thomas E $170,000
Previous Owner Cash Thomas E $112,500
Previous Owner Hall Ronnie W $91,500
Closed Cash Thomas E $17,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $479,000 0.0% $244 / Sq Ft
11/11/2021 11/11/21 Pending -- -- --
10/30/2021 10/30/21 Off Market $479,000 -- --
10/24/2021 10/24/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $479,000 -- $244 / 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 $4,254 $482,210 $74,920 $407,290
2024 $3,665 $430,560 $74,920 $355,640
2023 $4,095 $465,430 $74,920 $390,510
2022 $3,885 $396,960 $62,430 $334,530
2021 $3,114 $291,260 $47,130 $244,130
2020 $2,891 $270,100 $43,610 $226,490
2019 $2,494 $241,480 $38,930 $202,550
2018 $2,633 $168,290 $29,270 $139,020
2017 $2,204 $168,290 $29,270 $139,020
2016 $2,060 $148,910 $25,670 $123,240
2015 -- $125,420 $27,920 $97,500
2014 -- $119,980 $27,920 $92,060
2013 -- $137,830 $29,470 $108,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1853476

Northwest Multiple Listing Service (NWMLS)

APN: 3731-001-007-00-01