Listed by First Harbor Real Estate, Inc., Bought with RE/MAX Integrity
NOT LISTED FOR SALE

1521 Bay Ave Aberdeen, WA 98520

Estimated Value: $197,423 - $311,000

4 Beds
2 Baths
1,688 Sq Ft
$146/Sq Ft Est. Value

Last Sold January 20, 2022

Last sale price $180,500 $107 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,452/month

9 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Ceramic Tile Flooring
  • Territorial View
  • No HOA
  • Wood Siding

About This Home

As of January 2022

Investment property duplex with long term renters. You could also live on one side and rent out the other to help pay your mortgage at the same time invest in your future. This duplex is located in an established neighborhood close to schools. Back deck is off of the one bedroom through a nice slider. Washer and dryer hook up in each unit. This is a corner lot with alley and a detached single-car garage which has been previously rented out for storage. Call today!

Last Agent to Sell the Property

Kristi Norberg

First Harbor Real Estate, Inc. License #116562 Listed on: 12/13/2021

Last Buyer's Agent

Starlene Ward

RE/MAX Integrity License #102510

RE/MAX Integrity

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1871888

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,014

Year Built

  • Built in 1917

Lot Details

  • 5,750 Sq Ft Lot
  • Corner Lot

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,688 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • No Home Owners Association
  • West Aberdeen Subdivision

Listing and Financial Details

  • Legal Lot and Block 10 & 11 / 4
  • Assessor Parcel Number 015800401000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,014

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1917
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1688
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 347

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Tile, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Block
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Grays Harbor PUD
  • SewerCompany: City of Aberdeen
  • WaterCompany: City of Aberdeen
  • CableConnected: XFinity
  • InternetConnected: XFinity
  • WaterSewerGarbage: 2520

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Aberdeen
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 015800401000
  • Lot Size Acres: 0.132
  • Lot Size Sq Ft: 5750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 10 & 11

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 1275

Multi Family

  • Gross Scheduled Income: 14400
  • Net Operating Income: 8946
  • Number Of Units Total: 2
  • Insurance Expense: 1920
  • Leasable Area: 1688
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1014

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2021
Closed on
Jan 14, 2022
Sold by
Matthew K Banhagel Revocable Trust
Bought by
D & K 2021 Llc
Seller's Agent
Kristi Norberg
First Harbor Real Estate, Inc.
Buyer's Agent
Starlene Ward
RE/MAX Integrity
List Price
$189,000
Sold Price
$180,500
Premium/Discount to List
-$8,500
-4.5%
Current Estimated Value
$240,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,281
Avg. Annual Appreciation
8.81%

Purchase Details

Listed on
May 8, 2019
Closed on
Oct 28, 2019
Sold by
Smith Real Solutions Llc
Bought by
Banhagel Matthew K and The Matthew K Banhagel Revocab
Seller's Agent
Joy Beard
Windermere RE/Aberdeen
Buyer's Agent
Kristi Norberg
First Harbor Real Estate, Inc.
List Price
$99,500
Sold Price
$85,000
Premium/Discount to List
-$14,500
-14.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.17%
Original Mortgage
$70,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2011
Sold by
Aurora Loan Services Llc
Bought by
Smith Real Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
10%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 2010
Sold by
Staples Robert K and Staples Young S
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jul 26, 2005
Sold by
Morse Robert W and Wills David C
Bought by
Staples Robert K and Staples Young S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,980
Interest Rate
5.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 2005
Sold by
Morse Robert W and Estate Of Maureen Morse
Bought by
R W Morse Revocable Trust
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
D & K 2021 Llc $180,500 Coast Title
Banhagel Matthew K $85,000 Grays Harbor Title
Smith Real Solutions Llc $24,000 Coast Title
Aurora Loan Services Llc $63,551 Grays Harbor Title
Staples Robert K $69,900 Coast Title
R W Morse Revocable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open D & K 2021 Llc $126,700
Previous Owner Banhagel Matthew K $103,500
Previous Owner Banhagel Matthew K $70,000
Previous Owner Smith Real Solutions Llc $160,000
Previous Owner Smith Jack L $49,500
Previous Owner Staples Robert K $13,980
Previous Owner Staples Robert K $55,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2022 01/20/22 Sold $180,500 -4.5% $107 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
12/13/2021 12/13/21 For Sale $189,000 +122.4% $112 / Sq Ft
10/30/2019 10/30/19 Sold $85,000 -9.1% $50 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
08/21/2019 08/21/19 Price Changed $93,500 -6.0% $55 / Sq Ft
08/19/2019 08/19/19 For Sale $99,500 0.0% $59 / Sq Ft
08/08/2019 08/08/19 Pending -- -- --
05/08/2019 05/08/19 For Sale $99,500 -- $59 / 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 $1,610 $168,021 $17,975 $150,046
2023 $1,421 $154,381 $17,975 $136,406
2022 $1,211 $103,922 $14,375 $89,547
2021 $1,014 $103,922 $14,375 $89,547
2020 $981 $79,017 $11,500 $67,517
2019 $354 $75,802 $11,500 $64,302
2018 $444 $28,741 $12,938 $15,803
2017 $428 $27,988 $12,938 $15,050
2016 $406 $27,988 $12,938 $15,050
2014 -- $28,068 $12,938 $15,130
2013 -- $31,155 $14,375 $16,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1871888

Northwest Multiple Listing Service (NWMLS)

APN: 015800401000