Listed by Better Properties Kitsap, Bought with HomeSmart Realty Group
NOT LISTED FOR SALE

1341 West Ave Port Orchard, WA 98366

Estimated Value: $888,000 - $915,000

8 Beds
4 Baths
3,424 Sq Ft
$264/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $859,000 $251 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,329/month

31 Days on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • Patio
  • Deck
  • No HOA
  • High Speed Internet

About This Home

As of June 2023

INVESTORS - this neat and tidy fourplex currently generates $5590 per month ($67,080 per year) at below market rates - but proforma would be $6380 per month ($76,560 per year)! Two of the four tenants are month-to-month. Tucked away for quiet privacy, but located 5 minutes from every amenity, this rental is always fully rented. Units are updated with new cabinets, countertops, paint, appliances and flooring. 4 assigned + 4 more parking spaces. You'll make bank!

Last Agent to Sell the Property

Debra Keene Bergeron

Better Properties Kitsap License #108242 Listed on: 04/14/2023

Last Buyer's Agent

Nancy House

HomeSmart Realty Group License #35662

HomeSmart Realty Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2055400

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,509

Year Built

  • Built in 1984

Lot Details

  • 8,712 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,424 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Ductless Heating Or Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • South Kitsap Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40470030070301

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,509

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: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3424
  • SOCComments: Seller Broker earns 2%
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood, Wood Products
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Ductless HP-Mini Split
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Port Orchard
  • WaterCompany: City of Port Orchard
  • WaterSewerGarbage: 7532

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: South Kitsap

Lot Info

  • Parcel Number: 40470030070301
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 5590

Multi Family

  • Gross Scheduled Income: 76560
  • Net Operating Income: 59147
  • Number Of Units Total: 4
  • Insurance Expense: 1419
  • Leasable Area: 3424
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6509

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Jun 8, 2023
Sold by
Bergeron Clinton J and Bergeron Debra Keene
Bought by
Jones Daniel R and Jones Erika L
Seller's Agent
Debra Keene Bergeron
Better Properties Kitsap
Buyer's Agent
Nancy House
HomeSmart Realty Group
List Price
$890,000
Sold Price
$859,000
Premium/Discount to List
-$31,000
-3.48%
Views
78
Current Estimated Value
$903,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,673
Avg. Annual Appreciation
-1.28%
Original Mortgage
$492,400
Outstanding Balance
$479,233
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$355,097

Purchase Details

Closed on
Jul 19, 2012
Sold by
Bergeron Clinton and Bergeron Debra Keene
Bought by
West Avenue Apartments Llc

Purchase Details

Closed on
Mar 27, 2012
Sold by
West Avenue Apartments Llc
Bought by
Bergeron Clinton and Bergeron Debra

Purchase Details

Closed on
Sep 9, 2009
Sold by
Bergeron Clinton and Bergeron Debra Keene
Bought by
West Avenue Apartments Llc

Purchase Details

Closed on
Mar 3, 2008
Sold by
Swaggart Inge M and Unlimited Guardianship Svcs Of
Bought by
Swaggart Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,625
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 28, 2008
Sold by
Swaggart Thomas M
Bought by
Bergeron Clinton J and Bergeron Debra Keene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,625
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2003
Sold by
Pepin Kurt E and Plant Todd C
Bought by
Swaggart Thomas M and Swaggart Inge M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2000
Sold by
Dougherty William K and Dougherty Devonne L
Bought by
Pepin Kurt E and Plant Todd C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,522
Interest Rate
8.01%

Purchase Details

Closed on
Jan 22, 1999
Sold by
Speed Don Leroy and Speed Donna Jean
Bought by
Dougherty William K and Dougherty Devonne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,700
Interest Rate
6.63%
Mortgage Type
Seller Take Back
Source: Public Records

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
Jones Daniel R $859,000 Land Title
West Avenue Apartments Llc -- None Available
Bergeron Clinton -- None Available
West Avenue Apartments Llc -- None Available
Swaggart Thomas M -- Pacific Nw Title
Bergeron Clinton J $331,780 Pacific Nw Title
Swaggart Thomas M $260,000 Land Title Company
Pepin Kurt E $195,000 Land Title Company
Dougherty William K $163,000 Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Daniel R $492,400
Previous Owner Bergeron Clinton J $248,625
Previous Owner Swaggart Thomas M $234,000
Previous Owner Pepin Kurt E $143,522
Previous Owner Dougherty William K $146,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Sold $859,000 -1.8% $251 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
05/01/2023 05/01/23 Price Changed $875,000 -1.1% $256 / Sq Ft
04/21/2023 04/21/23 Price Changed $885,000 -0.6% $258 / Sq Ft
04/14/2023 04/14/23 For Sale $890,000 -- $260 / 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 $6,461 $834,880 $72,670 $762,210
2025 $6,461 $740,530 $62,350 $678,180
2024 $6,236 $740,530 $62,350 $678,180
2023 $6,031 $716,720 $62,350 $654,370
2022 $6,509 $651,250 $58,230 $593,020
2021 $5,561 $527,360 $54,110 $473,250
2020 $5,008 $460,510 $51,530 $408,980
2019 $4,371 $440,060 $54,610 $385,450
2018 $4,244 $327,360 $54,610 $272,750
2017 $3,586 $327,360 $54,610 $272,750
2016 $3,421 $289,040 $54,610 $234,430
2015 $3,287 $282,270 $54,610 $227,660
2014 $3,315 $277,770 $54,610 $223,160
2013 $3,153 $274,060 $60,520 $213,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2055400

Northwest Multiple Listing Service (NWMLS)

APN: 4047-003-007-03-01