Listed by Great Northwest Real Estate, Bought with Windermere RE West Sound Inc.
$487,000
SOLD AUG 1, 2017

131 Lippert Dr W Port Orchard, WA 98366

-- Bed
-- Bath
3,440 Sq Ft
0.25 Acres

Recently Sold

$142 Per Sq Ft

11% Below List Price

Highlights

  • Territorial View
  • Wood Siding
  • Vinyl Flooring

About This Home

As of November 2023

Fabulous Investment opportunity with this well maintained 4-plex. Rarely vacant. Location is perfect for highway access, amenities, medical, etc. 135 is also available see listing #1102936

Last Agent to Sell the Property

Joan Taie

Great Northwest Real Estate License #25775 Listed on: 04/10/2017

Last Buyer's Agent

Kristina Togia

Windermere RE West Sound Inc. License #92203

Windermere RE West Sound Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1102933

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,723

Year Built

  • Built in 1984

Lot Details

  • 0.25 Acre Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,440 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Port Orchard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02230121342001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,723

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1984
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3440
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City
  • WaterCompany: City
  • WaterSewerGarbage: 5220

Schools

  • Junior High Dist: South Kitsap
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 02230121342001
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3580

Multi Family

  • Gross Scheduled Income: 42960
  • Net Operating Income: 31863
  • Number Of Units Total: 4
  • Electric Expense: 84
  • Insurance Expense: 870
  • Leasable Area: 850
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3723

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2023
Closed on
Nov 21, 2023
Sold by
Hunt Richard S
Bought by
Legacy Property Partners Llc
Seller's Agent
Christopher Sudore
Coldwell Banker Bain
Buyer's Agent
Heidi O'Brien
Martin Real Estate Group
List Price
$849,950
Sold Price
$829,900
Premium/Discount to List
-$20,050
-2.36%
Views
7
Current Estimated Value
$892,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,726
Avg. Annual Appreciation
3.97%

Purchase Details

Closed on
Apr 25, 2023
Sold by
Hunt Michelle and Hunt Richard S
Bought by
Hunt Richard S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,451
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2017
Closed on
Jul 24, 2017
Sold by
Tomick Llc
Bought by
Hunt Richard S
Seller's Agent
Joan Taie
Great Northwest Real Estate
Buyer's Agent
Kristina Togia
Windermere RE West Sound Inc.
List Price
$550,000
Sold Price
$487,000
Premium/Discount to List
-$63,000
-11.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Original Mortgage
$365,250
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 8, 2013
Closed on
Feb 5, 2014
Sold by
Garcia Teresa A
Bought by
Tomick Llc
Seller's Agent
Lou Ann Quast
Paramount Real Estate Group
Buyer's Agent
Leslie Rose
R1 Washington
List Price
$310,000
Sold Price
$290,000
Premium/Discount to List
-$20,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.11%
Original Mortgage
$435,000
Interest Rate
4.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2013
Sold by
Jameson Place Llc
Bought by
Garcia Teresa A

Purchase Details

Closed on
Jul 29, 2011
Sold by
Yamamura Jon T and Yamamura Teresa A
Bought by
Jameson Place Llc

Purchase Details

Closed on
Apr 21, 2010
Sold by
Kitsap County Consolidated Housing Autho
Bought by
Yamamura Jon T and Yamamura Teresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.92%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Warranty Deed $829,900 Aegis Land Title
Quit Claim Deed -- Fidelity National Title
Warranty Deed $487,000 Attorneys Title Of Kitsap
Warranty Deed $290,280 Land Title
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed -- Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $634,451 New Conventional
Previous Owner $365,250 New Conventional
Previous Owner $435,000 Commercial
Previous Owner $220,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2023 11/22/23 Sold $829,900 -2.4% $241 / Sq Ft View Prior Sale
11/08/2023 11/08/23 Pending -- -- --
11/02/2023 11/02/23 For Sale $849,950 +74.5% $247 / Sq Ft
08/01/2017 08/01/17 Sold $487,000 -11.5% $142 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $550,000 0.0% $160 / Sq Ft
05/07/2017 05/07/17 Pending -- -- --
04/10/2017 04/10/17 For Sale $550,000 +89.7% $160 / Sq Ft
02/11/2014 02/11/14 Sold $290,000 -6.5% $84 / Sq Ft View Prior Sale
12/20/2013 12/20/13 Pending -- -- --
11/08/2013 11/08/13 For Sale $310,000 -- $90 / 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 $6,558 $851,230 $80,000 $771,230
2025 $6,558 $751,660 $65,460 $686,200
2024 $6,330 $751,660 $65,460 $686,200
2023 $6,325 $751,660 $65,460 $686,200
2022 $6,827 $683,000 $61,130 $621,870
2021 $5,832 $553,080 $56,810 $496,270
2020 $5,252 $482,980 $54,100 $428,880
2019 $4,557 $458,800 $53,120 $405,680
2018 $4,415 $340,180 $53,120 $287,060
2017 $3,727 $340,180 $53,120 $287,060
2016 $3,455 $291,940 $53,120 $238,820
2015 $3,319 $285,050 $53,120 $231,930
2014 -- $280,450 $53,120 $227,330
2013 -- $273,350 $55,920 $217,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1102933

Northwest Multiple Listing Service (NWMLS)

APN: 022301-2-134-2001