Listed by John L. Scott Shelton, Bought with Windermere RE/Himlie
NOT LISTED FOR SALE

181 E Lakewood Ct Shelton, WA 98584

Estimated Value: $474,000 - $551,150

5 Beds
3 Baths
2,688 Sq Ft
$189/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $500,000 $186 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,145/month

88 Days on Market

Highlights

  • Deck
  • Cul-De-Sac
  • High Speed Internet
  • Territorial View
  • Tankless Water Heater
  • Property is Fully Fenced

About This Home

As of February 2022

Looking for an investment? This is it! This property features a 2-BR unit w/bonus room ( #A-duplex), a 2nd 2-bedroom unit (#B-duplex), a studio apartment, as well as a 2-car garage, a 30x40 shop, a 15x20 storage unit, a 15x8 storage unit, & a 3-car carport all on a fully-fenced 1 acre lot! The three residential units are rented out, as are the two storage units, for over $3,200 in monthly rent. (The 30x40 shop is used by the owner right now). Great tenants with great rental history! This property is a hop, skip, and a jump from Hwy 101 for an easy commute to Olympia, and is in great shape. Invest NOW! This could be that long-term property that pays you income for the rest of your life - you know your investment advisor is saying to do it!

Last Agent to Sell the Property

Kristy Buck

John L. Scott Shelton License #50017 Listed on: 08/24/2021

John L. Scott Shelton

Last Buyer's Agent

Brady Fuller

Windermere RE/Himlie License #85640

Windermere RE/Himlie

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1828299

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,418

Year Built

  • Built in 1983

Lot Details

  • 1 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,688 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 7 Parking Spaces
  • 4 Covered Spaces

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Mountain View Elementary School
  • Oakland Bay Jr High Middle School
  • Shelton High School

Utilities

  • Shared Well
  • Tankless Water Heater
  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Island Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 420014390050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,418

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1983
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2688
  • Special Features: None
  • Cumulative Days on Market: 449

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Tankless Water Heater, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: No
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Septic Tank
  • Water Source: Community, Shared Well
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Septic System, Electric, Wood
  • PowerCompany: PUD 3
  • SewerCompany: Private Septic System
  • WaterCompany: Lakewood Ct Water Sys
  • WaterSewerGarbage: 2490

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Shelton
  • High School: Shelton High
  • Middle Or Junior School: Oakland Bay Jr HS

Lot Info

  • Parcel Number: 420014390050
  • Lot Size Acres: 1
  • Lot Size: 223'x195 +/-
  • Lot Size Sq Ft: 43560
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Outbuildings,Shop
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3620

Multi Family

  • Gross Scheduled Income: 43440
  • Net Operating Income: 34132
  • Number Of Units Total: 6
  • Insurance Expense: 2400
  • Leasable Area: 2688
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4418

MLS Schools

  • Elementary School: Mountain View Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2019
Sold by
R A M Investments Llc
Bought by
Williams Clarence J and Williams Robin
Current Estimated Value
$507,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$215,197
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$310,170
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Williams Clarence J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Clarence J $240,000
Previous Owner R A M Property Investments Llc $350,000
Previous Owner Williams Clarence J $455,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2022 02/11/22 Sold $500,000 -13.8% $186 / Sq Ft
11/20/2021 11/20/21 Pending -- -- --
11/11/2021 11/11/21 Price Changed $579,900 -3.3% $216 / Sq Ft
08/24/2021 08/24/21 For Sale $599,900 -- $223 / 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 $4,661 $470,195 $94,435 $375,760
2023 $4,661 $423,005 $66,645 $356,360
2022 $4,242 $355,220 $40,390 $314,830
2021 $4,418 $355,220 $40,390 $314,830
2020 $3,769 $339,455 $44,875 $294,580
2018 $4,026 $254,050 $55,250 $198,800
2017 $3,223 $254,050 $55,250 $198,800
2016 $3,068 $224,380 $52,650 $171,730
2015 $3,095 $219,625 $52,650 $166,975
2014 -- $216,740 $51,350 $165,390
2013 -- $197,435 $48,750 $148,685
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1828299

Northwest Multiple Listing Service (NWMLS)

APN: 42001-43-90050