NOT LISTED FOR SALE

1910 NE Sylvan Way Bremerton, WA 98310

Estimated Value: $451,824 - $512,000

7 Beds
3 Baths
3,200 Sq Ft
$151/Sq Ft Est. Value

Last Sold November 09, 2017

Last sale price $324,000 $101 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,082/month

11 Days on Market

Highlights

  • High Speed Internet
  • Wall to Wall Carpet
  • 1-minute walk to Bataan Park
  • Wood Siding

About This Home

As of November 2017

It's a great time to own rental units in E Bremerton! Excellent cap rate & cash flow in this well maintained fully leased triplex. Many major improvements have been already been made: new 6 bedroom septic, 2014 exterior paint and 2009 roof. Unit 1908 is 800 sqft 2 bed/1 b w carport and shared laundry w Unit 1910A 800 sqft 1bed/1b Unit 1910B is a huge 1600 sqft 3bed/1b daylight basement w lg. laundry area. Separate elec. meters. Large storage bldg with electricity & parking for 8, 2 are covered.

Last Agent to Sell the Property

TJ Martin

Martin Real Estate Group License #25419 Listed on: 09/15/2017

Co-Listed By

Marcie Martin

Martin Real Estate Group License #26239

Last Buyer's Agent

Jim Olivto

eXp Realty License #13869

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1194710

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,669

Year Built

  • Built in 1956

Lot Details

  • 7,841 Sq Ft Lot
  • Property is in good condition

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Outbuilding

Schools

  • Bremerton High School

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • East Bremerton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 46820000240306

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,669

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1956
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3200
  • Special Features: None
  • Cumulative Days on Market: 294

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Septic System, Electric
  • PowerCompany: PSE
  • WaterCompany: Bremerton
  • WaterSewerGarbage: 1860

Schools

  • Junior High Dist: Bremerton #100c
  • High School: Bremerton High

Lot Info

  • Parcel Number: 46820000240306
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Outbuildings
  • MLSLotSizeSource: County records
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2600

Multi Family

  • Gross Scheduled Income: 31200
  • Net Operating Income: 24671
  • Number Of Units Total: 6
  • Insurance Expense: 2000
  • Leasable Area: 3200
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 2669

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2017
Closed on
Nov 6, 2017
Sold by
Wilkins Robert H
Bought by
Large Eric A and Rock Shannon Lynn
Seller's Agent
TJ Martin
Martin Real Estate Group
Buyer's Agent
Jim Olivto
eXp Realty
List Price
$349,000
Sold Price
$324,000
Premium/Discount to List
-$25,000
-7.16%
Total Days on Market
11
Current Estimated Value
$483,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,608
Avg. Annual Appreciation
5.42%
Original Mortgage
$243,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 23, 2014
Closed on
Feb 9, 2015
Sold by
Perkins Sherman L
Bought by
Wilkins Robert H
Seller's Agent
Mark Danielsen
Windermere RE West Sound Inc.
Buyer's Agent
Barry Jones
Windermere Prof Partners
List Price
$205,000
Sold Price
$197,000
Premium/Discount to List
-$8,000
-3.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.91%
Original Mortgage
$197,000
Interest Rate
3.8%
Mortgage Type
VA

Purchase Details

Closed on
Jan 5, 2004
Sold by
Price William C and Price Gail C
Bought by
Perkins Sherman L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 1999
Sold by
Faessler Alan C and Faessler Lori K
Bought by
Price William C and Price Gail C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,200
Interest Rate
6.79%

Purchase Details

Closed on
Dec 21, 1995
Sold by
Burden Bernard E and Lakey Lonnie J
Bought by
Faessler Alan C and Faessler Lori K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,440
Interest Rate
7.36%
Mortgage Type
VA
Source: Public Records

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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
Large Eric A -- Attorney Title
Wilkins Robert H $197,000 Pacific Northwest Title Co
Perkins Sherman L $157,000 Pacific Nw Title
Price William C $134,000 Land Title Company
Faessler Alan C $122,000 Charter Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Large Eric A $360,000
Closed Large Eric A $243,000
Previous Owner Wilkins Robert H $197,199
Previous Owner Wilkins Robert H $197,000
Previous Owner Perkins Sherman L $138,750
Previous Owner Perkins Sherman L $146,000
Previous Owner Perkins Sherman L $125,600
Previous Owner Price William C $107,200
Previous Owner Faessler Alan C $124,440
Closed Perkins Sherman L $15,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2017 11/09/17 Sold $324,000 -0.3% $101 / Sq Ft
09/27/2017 09/27/17 Pending -- -- --
09/22/2017 09/22/17 Price Changed $324,900 -6.9% $102 / Sq Ft
09/15/2017 09/15/17 For Sale $349,000 +77.2% $109 / Sq Ft
02/13/2015 02/13/15 Sold $197,000 -3.9% $62 / Sq Ft
01/13/2015 01/13/15 Pending -- -- --
07/23/2014 07/23/14 For Sale $205,000 -- $64 / 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 $4,560 $429,450 $98,320 $331,130
2024 $4,409 $429,450 $98,320 $331,130
2023 $4,481 $436,230 $98,320 $337,910
2022 $4,583 $396,970 $81,930 $315,040
2021 $3,924 $316,470 $47,950 $268,520
2020 $3,245 $266,180 $50,980 $215,200
2019 $2,972 $240,830 $45,810 $195,020
2018 $2,992 $180,210 $36,940 $143,270
2017 $2,670 $180,210 $36,940 $143,270
2016 $2,549 $163,320 $32,400 $130,920
2015 $2,180 $141,150 $32,820 $108,330
2014 $2,168 $136,660 $32,820 $103,840
2013 $2,373 $156,910 $35,120 $121,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1194710

Northwest Multiple Listing Service (NWMLS)

APN: 4682-000-024-03-06