NOT LISTED FOR SALE

1322 Sherman Ave Port Orchard, WA 98366

Estimated Value: $472,200 - $589,000

4 Beds
2 Baths
1,872 Sq Ft
$284/Sq Ft Est. Value

Last Sold April 24, 2013

Last sale price $112,000 $60 Per Sq Ft

Est. 375% increase in value since last sale

Current estimated payment $3,123/month

225 Days on Market

Highlights

  • Secluded Lot
  • Wood Siding
  • 1-Story Property
  • Open Space
  • Wall to Wall Carpet

About This Home

As of April 2013

Attention Investors and Money-Wise Homebuyers! This duplex is a classic "cosmetic fixer." Built in 1983, with a 5-year old roof & slab foundation, it just needs a lot of help inside! Each unit is 2 bed-1 bath w/ a 1-car garage. Private location, huge sunny lot, paved (shared) driveway. Amount needed to fix up BOTH sides is in the $15k-$25k range, depending on finishes of course, but you could do it yourself for a lot less! Rent from both sides was $1600/month. No-brainer money-maker!!

Last Agent to Sell the Property

Shannan Laudet

Adept Real Estate License #27694 Listed on: 06/10/2012

Last Buyer's Agent

Shannan Laudet

Adept Real Estate License #27694 Listed on: 06/10/2012

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 367839

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $647

Year Built

  • Built in 1983

Lot Details

  • 0.43 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • Secluded Lot

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,872 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Sidney Glen Elementary School
  • Cedar Heights Jh Middle School
  • So. Kitsap High School

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Port Orchard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 35240120072104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$647

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1983
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 1872
  • Special Features: 12

Interior Features

  • 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, Open Space, Paved, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Fair
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: (septic)
  • WaterCompany: City of Port Orchard
  • WaterSewerGarbage: 400

Schools

  • Junior High Dist: South Kitsap
  • High School: So. Kitsap High
  • Middle Or Junior School: Cedar Heights Jh

Lot Info

  • Parcel Number: 35240120072104
  • Lot Size Acres: 0.43
  • Lot Size Sq Ft: 18731
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 1600

Multi Family

  • Gross Scheduled Income: 19200
  • Net Operating Income: 16393
  • Number Of Units Total: 2
  • Insurance Expense: 860
  • Leasable Area: 1872
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2012
  • Tax Annual Amount: 647

MLS Schools

  • Elementary School: Sidney Glen Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2012
Closed on
Apr 24, 2013
Sold by
Duarte Charles T
Bought by
Burr Larry P
Seller's Agent
Shannan Laudet
Adept Real Estate
Buyer's Agent
Shannan Laudet
Adept Real Estate
List Price
$155,000
Sold Price
$112,000
Premium/Discount to List
-$43,000
-27.74%
Current Estimated Value
$531,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,800
Avg. Annual Appreciation
14.23%
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
Burr Larry P $112,280 Fidelity Ntl Kitsap County
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2013 04/24/13 Sold $112,000 -27.7% $60 / Sq Ft
01/22/2013 01/22/13 Pending -- -- --
06/10/2012 06/10/12 For Sale $155,000 -- $83 / 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 $3,520 $444,880 $90,800 $354,080
2025 $3,520 $403,400 $75,360 $328,040
2024 $3,398 $403,400 $75,360 $328,040
2023 $3,395 $403,400 $75,360 $328,040
2022 $3,327 $332,810 $70,380 $262,430
2021 $3,221 $305,330 $65,390 $239,940
2020 $3,165 $290,970 $62,280 $228,690
2019 $2,020 $203,220 $61,320 $141,900
2018 $2,157 $170,220 $61,320 $108,900
2017 $1,866 $170,220 $61,320 $108,900
2016 $1,833 $154,820 $61,320 $93,500
2015 $1,778 $152,620 $61,320 $91,300
2014 $1,796 $150,420 $61,320 $89,100
2013 $2 $178,970 $64,550 $114,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 367839

Northwest Multiple Listing Service (NWMLS)

APN: 352401-2-007-2005