Listed by Motion Property Group, Bought with Coldwell Banker Bain
NOT LISTED FOR SALE

1911 NE Pacific Ave Keyport, WA 98345

Estimated Value: $525,843 - $755,000

3 Beds
3 Baths
3,355 Sq Ft
$185/Sq Ft Est. Value

Last Sold March 21, 2019

Last sale price $322,500 $96 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $3,654/month

118 Days on Market

Highlights

  • Bay View
  • Secluded Lot
  • Wood Siding
  • North Kitsap High School Rated A-
  • Partially Fenced Property
  • 1-minute walk to Central Park

About This Home

As of March 2019

Great location, beautiful community & stunning partial bay views. Consisting of two 2bd/1bath units, + oversized 4bd/1bath unit, + income producing detached 1+car garage. Can easily be converted to mixed-use project with commercial zoning. Easy commute to Poulsbo, Edmonds & Seattle. Don’t miss this amazing investment opportunity with upside potential from below market rents as well as sweat equity. Long term tenants..

Last Agent to Sell the Property

Colleen James

Motion Property Group License #127492 Listed on: 10/05/2018

Co-Listed By

Howard Boher

Realogics Sotheby's Int'l Rlty License #26079

Last Buyer's Agent

Mark Hildebrand

Coldwell Banker Bain License #9862

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1368168

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,833

Year Built

  • Built in 1922

Lot Details

  • 4,356 Sq Ft Lot
  • Partially Fenced Property
  • Secluded Lot
  • Corner Lot

Property Views

  • Bay
  • Limited

Home Design

  • Triplex
  • Built-Up Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,355 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Community Details

  • Keyport Subdivision

Listing and Financial Details

  • Legal Lot and Block 1-2 / 9
  • Assessor Parcel Number 43660090010000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,833

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1922
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3355
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Built-Up
  • View: Bay, Partial
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Property Condition: Fair
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 1844

Schools

  • Junior High Dist: North Kitsap #400
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 43660090010000
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4356
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Shop
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: See Remarks
  • ZoningClass: Commercial,Multi-Family,Residential
  • LotNumber: 1-2

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 2800

Multi Family

  • Gross Scheduled Income: 35340
  • Net Operating Income: 28813
  • Number Of Units Total: 3
  • Insurance Expense: 1470
  • Leasable Area: 3355
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 2833

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2018
Closed on
Mar 18, 2019
Sold by
Beyer Joseph L and Beyer Lisa R
Bought by
Maxwell Jeramie and Maxwell Alison
Seller's Agent
Colleen James
Motion Property Group
Buyer's Agent
Mark Hildebrand
Coldwell Banker Bain
List Price
$360,000
Sold Price
$322,500
Premium/Discount to List
-$37,500
-10.42%
Current Estimated Value
$621,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,448
Avg. Annual Appreciation
10.46%
Original Mortgage
$241,875
Outstanding Balance
$212,649
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$409,299

Purchase Details

Closed on
Feb 12, 2015
Sold by
J L Beyer Real Estate Llc
Bought by
Beyer Joseph L and Beyer Lisa R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,400
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 7, 2007
Sold by
Myers Larry R and Myers Karen R
Bought by
J L Beyer Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
6.26%
Mortgage Type
Seller Take Back
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
Maxwell Jeramie $322,500 Pacific Northwest Ttl Silver
Beyer Joseph L -- Pacific Northwest Title
J L Beyer Real Estate Llc $350,280 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maxwell Jeramie $241,875
Previous Owner Beyer Joseph L $162,400
Previous Owner J L Beyer Real Estate Llc $335,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2019 03/21/19 Sold $322,500 -10.4% $96 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/02/2019 01/02/19 For Sale $360,000 0.0% $107 / Sq Ft
12/20/2018 12/20/18 Pending -- -- --
11/07/2018 11/07/18 Price Changed $360,000 -4.0% $107 / Sq Ft
10/05/2018 10/05/18 For Sale $375,000 -- $112 / 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 $4,700 $546,580 $82,390 $464,190
2025 $4,700 $487,230 $82,390 $404,840
2024 $4,277 $454,640 $49,800 $404,840
2023 $4,336 $454,640 $49,800 $404,840
2022 $4,155 $413,110 $49,800 $363,310
2021 $3,734 $341,910 $49,800 $292,110
2020 $3,656 $330,050 $49,800 $280,250
2019 $3,471 $312,250 $49,800 $262,450
2018 $2,833 $188,930 $49,680 $139,250
2017 $2,420 $188,930 $49,680 $139,250
2016 $2,592 $188,930 $49,680 $139,250
2015 $2,675 $197,870 $58,620 $139,250
2014 -- $204,320 $50,440 $153,880
2013 -- $219,480 $58,570 $160,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1368168

Northwest Multiple Listing Service (NWMLS)

APN: 4366-009-001-00-00