Listed by Keller Williams Greater 360, Bought with Windermere RE West Sound Inc.
NOT LISTED FOR SALE

135 Lippert Dr W Port Orchard, WA 98366

Estimated Value: $856,000 - $910,125

8 Beds
4 Baths
3,440 Sq Ft
$257/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $670,000 $195 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,259/month

64 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of August 2020

Invest in the growing town of Port Orchard with this well maintained fourplex! Property has solid rental history with low vacancy rate. Identical layouts with 2 bedrooms, and 1 full bath. Two reserved parking spots for tenants' convenience. Easily access Highway 16, ferries, bases and shopping!

Last Agent to Sell the Property

Lindsay Martin

Keller Williams Greater 360 License #115842 Listed on: 03/05/2020

Keller Williams Greater 360

Last Buyer's Agent

Catherine Arlen

Windermere RE West Sound Inc. License #95648

Windermere RE West Sound Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1574102

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,553

Year Built

  • Built in 1984

Lot Details

  • 0.25 Acre Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Port Orchard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02230121192000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,553

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
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 6900

Schools

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

Lot Info

  • Parcel Number: 02230121192000
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 4450

Multi Family

  • Gross Scheduled Income: 53400
  • Net Operating Income: 32431
  • Number Of Units Total: 4
  • Electric Expense: 204
  • Insurance Expense: 1200
  • Leasable Area: 3400
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2019
  • Tax Annual Amount: 4553

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2020
Closed on
Aug 12, 2020
Sold by
Baerg Nichole Brianna
Bought by
Baerg Alexander Thomas
Seller's Agent
Lindsay Martin
Keller Williams Greater 360
Buyer's Agent
Catherine Arlen
Windermere RE West Sound Inc.
List Price
$699,000
Sold Price
$670,000
Premium/Discount to List
-$29,000
-4.15%
Current Estimated Value
$885,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,375
Avg. Annual Appreciation
5.58%
Original Mortgage
$486,200
Outstanding Balance
$431,294
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$454,081

Purchase Details

Listed on
Mar 5, 2020
Closed on
Jul 29, 2020
Sold by
Golden Daniel
Bought by
Baerg Alexander Thomas
Seller's Agent
Lindsay Martin
Keller Williams Greater 360
Buyer's Agent
Catherine Arlen
Windermere RE West Sound Inc.
List Price
$699,000
Sold Price
$670,000
Premium/Discount to List
-$29,000
-4.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,200
Outstanding Balance
$431,294
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$454,081

Purchase Details

Listed on
Apr 10, 2017
Closed on
Jul 19, 2017
Sold by
Tomick Llc
Bought by
Golden Daniel
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
10.99%
Original Mortgage
$365,250
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 8, 2013
Closed on
Feb 4, 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
Sold Price
$290,000
Premium/Discount to List
$289,690
93448.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.21%
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 Buyer Sale Price Title Company
Baerg Alexander Thomas -- Pacific Northwest Ttl Silver
Baerg Alexander Thomas $670,000 Pacific Northwest Ttl Silver
Golden Daniel $487,000 Attorneys Title Of Kitsap
Tomick Llc $290,280 Land Title
Garcia Teresa A -- None Available
Jameson Place Llc -- None Available
Yamamura Jon T -- Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baerg Alexander Thomas $486,200
Previous Owner Golden Daniel $365,250
Previous Owner Tomick Llc $435,000
Previous Owner Yamamura Jon T $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2020 08/17/20 Sold $670,000 -4.1% $195 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
03/16/2020 03/16/20 For Sale $699,000 0.0% $203 / Sq Ft
03/08/2020 03/08/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $699,000 +43.5% $203 / Sq Ft
07/26/2017 07/26/17 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 +93448.4% $84 / Sq Ft
12/20/2013 12/20/13 Pending -- -- --
11/08/2013 11/08/13 For Sale $310 -- $0 / 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 $6,552 $850,540 $80,000 $770,540
2025 $6,552 $751,030 $65,460 $685,570
2024 $6,325 $751,030 $65,460 $685,570
2023 $6,319 $751,030 $65,460 $685,570
2022 $6,821 $682,430 $61,130 $621,300
2021 $5,828 $552,630 $56,810 $495,820
2020 $5,248 $482,580 $54,100 $428,480
2019 $4,553 $458,370 $53,120 $405,250
2018 $4,412 $339,880 $53,120 $286,760
2017 $3,723 $339,880 $53,120 $286,760
2016 $3,456 $292,000 $53,120 $238,880
2015 $3,233 $277,700 $53,120 $224,580
2014 -- $273,260 $53,120 $220,140
2013 -- $266,540 $55,920 $210,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1574102

Northwest Multiple Listing Service (NWMLS)

APN: 022301-2-119-2000