Listed by Lumin Brokers of Washington, Bought with Professional Rlty Srvcs Sequim
NOT LISTED FOR SALE

1722 -1724 Houston Ave Bremerton, WA 98312

Estimated Value: $312,000 - $403,000

6 Beds
2 Baths
1,728 Sq Ft
$210/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $360,000 $208 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,143/month

4 Days on Market

Highlights

  • Wood Burning Stove
  • No HOA
  • Partially Fenced Property
  • Territorial View
  • Patio
  • 2-minute walk to Lillian A. & James Walker Park

About This Home

As of May 2024

Duplex features two top and bottom units with 3 bedrooms and 1 bathroom each. Current long-term tenants are on month-to-month lease. Rents are below market. Opportunity to renovate and increase rent in the future. Preferred lender Guild Mortgage will cover a total interest rate reduction of 1% for the first year at no cost to the buyer. Seller is willing to negotiate a credit towards a total interest rate reduction of 2% for the first year in which case lender will cover a total interest rate reduction of 1% for the second year at no cost to the buyer. Construction lending available to renovate entire building.

Last Agent to Sell the Property

Richard Kim

Lumin Brokers of Washington License #50106 Listed on: 05/02/2024

Last Buyer's Agent

Marcee Medgin

Professional Rlty Srvcs Sequim License #131280

Professional Rlty Srvcs Sequim

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2232484

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,520

Year Built

  • Built in 1952

Lot Details

  • 6,534 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,728 Sq Ft Home
  • 2-Story Property
  • Wood Burning Stove
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Anderson Cove Condos
  • West Bremerton Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / 2
  • Assessor Parcel Number 37020020080003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,520

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1952
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Anderson Cove
  • New Construction: No
  • CalculatedSquareFootage: 1728
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove/Free Standing
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bremerton
  • WaterCompany: City of Bremerton
  • WaterSewerGarbage: 2040

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bremerton #100c

Lot Info

  • Parcel Number: 37020020080003
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 8

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 12.65
  • LeasedItems: None
  • TotalMonthlyIncome: 2370

Multi Family

  • Gross Scheduled Income: 28440
  • Net Operating Income: 22650
  • Number Of Units Total: 2
  • Insurance Expense: 1230
  • Leasable Area: 1728
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 2520

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
May 29, 2024
Sold by
Dynamis Properties Llc
Bought by
Peninsula Properities Llc
Seller's Agent
Richard Kim
Lumin Brokers of Washington
Buyer's Agent
Marcee Medgin
Professional Rlty Srvcs Sequim
List Price
$359,900
Sold Price
$360,000
Premium/Discount to List
$100
0.03%
Views
13
Current Estimated Value
$362,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,667
Avg. Annual Appreciation
0.54%
Original Mortgage
$341,130
Interest Rate
7.1%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 31, 2022
Sold by
Schwoch and Larry
Bought by
Power Stone Re Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2022
Sold by
Schwoch Barbara and Schwoch Larry
Bought by
Power Stone Re Llc and Dynamis Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.22%
Mortgage Type
New Conventional
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
Peninsula Properities Llc $360,000 Wfg National Title
Power Stone Re Llc -- Montgomery Purdue Pllc
Power Stone Re Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Peninsula Properities Llc $341,130
Previous Owner Power Stone Re Llc $2,400,000
Previous Owner Power Stone Re Llc $2,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold $360,000 0.0% $208 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $359,900 -- $208 / 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 $2,612 $296,010 $80,920 $215,090
2025 $2,612 $296,010 $80,920 $215,090
2024 $2,520 $296,010 $80,920 $215,090
2023 $2,605 $296,010 $80,920 $215,090
2022 $2,421 $247,260 $67,430 $179,830
2021 $2,029 $189,720 $50,860 $138,860
2020 $1,882 $175,800 $47,070 $128,730
2019 $1,618 $156,560 $42,020 $114,540
2018 $1,690 $104,320 $31,590 $72,730
2017 $1,367 $104,320 $31,590 $72,730
2016 $1,268 $91,570 $27,710 $63,860
2015 $1,207 $86,760 $30,140 $56,620
2014 -- $83,380 $30,140 $53,240
2013 -- $95,190 $31,810 $63,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2232484

Northwest Multiple Listing Service (NWMLS)

APN: 3702-002-008-00-03