NOT LISTED FOR SALE

1308 Russell Ave SE Unit A & B Port Orchard, WA 98366

Parkwood Neighborhood

Estimated Value: $515,136 - $593,000

5 Beds
2 Baths
2,160 Sq Ft
$252/Sq Ft Est. Value

Last Sold January 31, 2019

Last sale price $399,950 $185 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,345/month

104 Days on Market

Highlights

  • RV Access or Parking
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Property is in very good condition

About This Home

As of January 2019

Great Investment opportunity! This Duplex has been recently remodeled & is close to FERRIES, schools & shopping. ALL APPLIANCES STAY! Beautiful Kitchens w/ Granite Countertops, stainless steel appliances as well as added storage w/ upgraded cabinetry! Upstairs has vaulted ceilings. 0% Vacancy rate. New Paint inside & out. Recently upgraded vinyl windows! Plenty of space for tenants to park on the grounds w/ 7+ spaces. Each unit has it's own washer/dryer! Please, DO NOT DISTURB tenants.

Last Listed By

Jennifer Brooks

Better Properties Kitsap License #73046 Listed on: 05/25/2018

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1299854

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,243

Year Built

  • Built in 1962

Lot Details

  • 0.34 Acre Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 7 Parking Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Port Orchard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 45980040120008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,243

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2160
  • Special Features: None
  • Cumulative Days on Market: 363

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: West Sound Utility
  • WaterSewerGarbage: 45

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: South Kitsap

Lot Info

  • Parcel Number: 45980040120008
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Gas Available,RV Parking
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: See Remarks
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 2350

Multi Family

  • Gross Scheduled Income: 28200
  • Net Operating Income: 24867
  • Number Of Units Total: 2
  • Insurance Expense: 550
  • Leasable Area: 2160
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 2243

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2024
Sold by
Timothy Wade Duboisand Joelle Anne Duboi and Dubois Timothy Wade
Bought by
Tessier Robert
Total Days on Market
104
Current Estimated Value
$543,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Outstanding Balance
$407,979
Interest Rate
6.74%
Mortgage Type
VA
Estimated Equity
$135,555

Purchase Details

Listed on
May 25, 2018
Closed on
Jan 22, 2019
Sold by
Walker Dean R and Walker Jackie L
Bought by
The Timothy Wade Dubois And Joelle Anne
Seller's Agent
Jennifer Brooks
Better Properties Kitsap
Buyer's Agent
Mark McColgan
McColgan Realty
List Price
$429,999
Sold Price
$399,950
Premium/Discount to List
-$30,049
-6.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%

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
Tessier Robert $515,000 Land Title
The Timothy Wade Dubois And Joelle Anne $399,500 Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tessier Robert $412,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2019 01/31/19 Sold $399,950 0.0% $185 / Sq Ft
09/06/2018 09/06/18 Pending -- -- --
08/17/2018 08/17/18 Price Changed $399,950 -2.2% $185 / Sq Ft
08/07/2018 08/07/18 Price Changed $408,999 -3.8% $189 / Sq Ft
07/16/2018 07/16/18 Price Changed $424,999 -1.2% $197 / Sq Ft
05/25/2018 05/25/18 For Sale $429,999 -- $199 / 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 $3,808 $416,460 $70,410 $346,050
2024 $3,694 $416,460 $70,410 $346,050
2023 $3,668 $416,460 $70,410 $346,050
2022 $3,598 $342,600 $65,760 $276,840
2021 $3,339 $300,550 $61,100 $239,450
2020 $3,271 $286,420 $58,190 $228,230
2019 $2,129 $198,180 $57,220 $140,960
2018 $2,243 $165,400 $57,220 $108,180
2017 $1,950 $165,400 $57,220 $108,180
2016 $1,929 $150,100 $57,220 $92,880
2015 $1,873 $147,910 $57,220 $90,690
2014 -- $145,730 $57,220 $88,510
2013 -- $169,890 $60,230 $109,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1299854

Northwest Multiple Listing Service (NWMLS)

APN: 4598-004-012-00-08