Listed by Windermere RE/Himlie, Bought with RE/MAX Top Executives
NOT LISTED FOR SALE

1304 1306 Cota St Shelton, WA 98584

Estimated Value: $206,000 - $270,000

2 Beds
2 Baths
1,080 Sq Ft
$220/Sq Ft Est. Value

Last Sold June 21, 2013

Last sale price $75,000 $69 Per Sq Ft

Est. 217% increase in value since last sale

Current estimated payment $1,366/month

25 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of June 2013

Excellent Cash Flow! No problem keeping these rented. Two 1 Bedroom 1 bath homes in a very convenient location in Downtown Shelton. Close to bus routes and shopping district. The expenses listed also include management and maintenance costs, so the dollars indicated are for a very "hands off" ownership. This would also be a great spot to buy and live in one and have the other pay for more than half of your mortgage.

Last Agent to Sell the Property

Andy Conklin

Windermere RE/Himlie License #37195 Listed on: 03/19/2013

Windermere RE/Himlie

Co-Listed By

Jeff Conklin

Windermere RE/Himlie License #4186

Last Buyer's Agent

Tracey McGlothlin

RE/MAX Top Executives License #76948

RE/MAX Top Executives

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 477442

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,458

Lot Details

  • Street terminates at a dead end

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,080 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Evergreen Elementary School
  • Oakland Bay Jr High Middle School
  • Shelton High School

Community Details

  • Dlc #37 Condos
  • Downtown Subdivision

Listing and Financial Details

  • Tax Lot 123
  • Assessor Parcel Number 320192501230

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,458

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Buyer Agency Compensation: 3.00
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: DLC #37
  • CalculatedSquareFootage: 1080
  • 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: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Block
  • Property Condition: Fair
  • 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
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PUD #3
  • SewerCompany: City of Shelton
  • WaterCompany: City of Shelton
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Shelton
  • High School: Shelton High
  • Middle Or Junior School: Oakland Bay Jr HS

Lot Info

  • Parcel Number: 320192501230
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family
  • LotNumber: 123

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 7
  • LeasedItems: None
  • TotalMonthlyIncome: 1027

Multi Family

  • Gross Scheduled Income: 12324
  • Net Operating Income: 7432
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 1100
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2013
  • Tax Annual Amount: 1458

MLS Schools

  • Elementary School: Evergreen Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2013
Closed on
Jun 18, 2013
Sold by
Davis Financial And Development Llc
Bought by
Hanson Tracy D
Seller's Agent
Andy Conklin
Windermere RE/Himlie
Buyer's Agent
Tracey McGlothlin
RE/MAX Top Executives
List Price
$85,900
Sold Price
$75,000
Premium/Discount to List
-$10,900
-12.69%
Current Estimated Value
$237,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,437
Avg. Annual Appreciation
9.81%
Original Mortgage
$56,250
Outstanding Balance
$39,816
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$197,621

Purchase Details

Closed on
Aug 3, 2012
Sold by
Minor Deane W and Deed Of Trust
Bought by
Davis Financial And Development Llc

Purchase Details

Closed on
Jan 29, 2010
Sold by
Batolein Enterprises Llc
Bought by
Batolein Joshua Leingang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,900
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2008
Sold by
Batolein Joshua P L and Batolein Serai R B
Bought by
Batolein Enterprises Llc

Purchase Details

Closed on
Sep 28, 2007
Sold by
Harris John J
Bought by
Batolein Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,100
Interest Rate
7.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Hanson Tracy D $75,000 First American Title
Davis Financial And Development Llc -- None Available
Batolein Joshua Leingang -- Land Title Co
Batolein Enterprises Llc -- Stewart Title Guaranty Compa
Batolein Joshua $10,303 Mason County Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanson Tracy D $56,250
Previous Owner Batolein Joshua Leingang $74,900
Previous Owner Batolein Joshua $72,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2013 06/21/13 Sold $75,000 -12.7% $69 / Sq Ft
05/20/2013 05/20/13 Pending -- -- --
04/24/2013 04/24/13 For Sale $85,900 -- $80 / 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 $1,224 $129,010 $20,315 $108,695
2023 $1,224 $102,410 $20,315 $82,095
2022 $1,239 $99,090 $27,090 $72,000
2021 $1,321 $99,090 $27,090 $72,000
2020 $1,263 $97,440 $29,130 $68,310
2018 $1,057 $63,260 $42,500 $20,760
2017 $934 $63,260 $42,500 $20,760
2016 $918 $60,480 $42,500 $17,980
2015 $890 $60,480 $42,500 $17,980
2014 -- $57,795 $40,000 $17,795
2013 -- $69,195 $37,500 $31,695
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 477442

Northwest Multiple Listing Service (NWMLS)

APN: 32019-25-01230