Listed by John L. Scott, Inc., Bought with RSVP Brokers ERA
NOT LISTED FOR SALE

1981 NE Stiles Rd Keyport, WA 98345

Estimated Value: $597,613 - $1,097,000

12 Beds
6 Baths
4,678 Sq Ft
$175/Sq Ft Est. Value

Last Sold October 18, 2024

Last sale price $1,085,000 $232 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $4,958/month

22 Days on Market

Highlights

  • Deck
  • Engineered Wood Flooring
  • No HOA
  • North Kitsap High School Rated A-
  • Corner Lot
  • 2-minute walk to Central Park

About This Home

As of October 2024

Attention Investors!! This updated fourplex is a perfect opportunity for property to capitalize on under market rents! All units are nicely appointed w/3 beds 1.5 baths, main level enjoys walkout patio to large open-space & upstair units have vaulted ceilings & large entertaining sized decks. Parking can't be beat the detached garage (4-single car garage & plenty of non-covered parking). With the Governments significant investment to the Naval bases across the Puget Sound, this property stands to benefit w/its close proximity to Government Employment. Keyport is home to the Navy’s nuclear submarine facilities, as well as close proximity to the Puget Sound Naval Shipyard in Bremerton and Bangor Base. Minutes to Bases, Shopping and Schools.

Last Agent to Sell the Property

Kristina Moneypenny

John L. Scott, Inc. License #91982 Listed on: 07/26/2024

John L. Scott, Inc.

Last Buyer's Agent

Cindy Lyon

RSVP Brokers ERA License #45146

RSVP Brokers ERA

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2270796

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,475

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 0.41 Acre Lot
  • Street terminates at a dead end
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,678 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 12 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Poulsbo Middle School
  • North Kitsap High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Keyport Subdivision

Listing and Financial Details

  • Legal Lot and Block 8-10 / 13
  • Assessor Parcel Number 43660130080005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,475

Year Built

Built in 1968 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1968
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4678
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: KPUD
  • WaterCompany: KPUD
  • CableConnected: Astound
  • InternetConnected: Astound
  • WaterSewerGarbage: 6212

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Kitsap #400
  • High School: North Kitsap High
  • Middle Or Junior School: Poulsbo Middle

Lot Info

  • Parcel Number: 43660130080005
  • Lot Size Acres: 0.41
  • Lot Size Sq Ft: 17860
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available
  • MLSLotSizeSource: County
  • MLSSquareFootageSource: County
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family
  • LotNumber: 8-10

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 13.73
  • LeasedItems: None
  • TotalMonthlyIncome: 8000

Multi Family

  • Gross Scheduled Income: 103200
  • Net Operating Income: 77894
  • Number Of Units Total: 4
  • Insurance Expense: 2272
  • Leasable Area: 4678
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7475

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2024
Closed on
Oct 9, 2024
Sold by
Johnson And Holmes 3 Llc
Bought by
Lyon Timothy A and Lyon Cynthia P
Seller's Agent
Kristina Moneypenny
John L. Scott, Inc.
Buyer's Agent
Cindy Lyon
RSVP Brokers ERA
List Price
$1,125,000
Sold Price
$1,085,000
Premium/Discount to List
-$40,000
-3.56%
Views
16
Current Estimated Value
$816,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$268,129
Avg. Annual Appreciation
-24.71%
Original Mortgage
$1,030,750
Outstanding Balance
$1,019,914
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
-$203,043

Purchase Details

Closed on
Aug 1, 2022
Sold by
Nathan Glen Properties Three Llc
Bought by
Johnson And Holmes 3 Llc

Purchase Details

Listed on
Nov 4, 2016
Closed on
Dec 22, 2016
Sold by
Lanco International Llc
Bought by
Nathan Glen Properties Three Llc
Seller's Agent
Craig Steinlicht
VictoryWA LLC
Buyer's Agent
Jamie Haywood
Manette Real Estate Co.
List Price
$395,000
Sold Price
$415,000
Premium/Discount to List
$20,000
5.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.98%
Original Mortgage
$250,000
Interest Rate
4.03%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 2, 2012
Sold by
Lange Juel E
Bought by
Lanco International Llc
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
Lyon Timothy A $1,085,000 Pacific Northwest Title
Johnson And Holmes 3 Llc -- Pacific Northwest Title
Nathan Glen Properties Three Llc $482,810 None Available
Lanco International Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lyon Timothy A $1,030,750
Previous Owner Nathan Glen Properties Three Llc $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2024 10/18/24 Sold $1,085,000 -3.6% $232 / Sq Ft
08/17/2024 08/17/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $1,125,000 +171.1% $240 / Sq Ft
12/27/2016 12/27/16 Sold $415,000 +5.1% $89 / Sq Ft View Prior Sale
11/12/2016 11/12/16 Pending -- -- --
11/04/2016 11/04/16 For Sale $395,000 -- $84 / 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 $7,677 $948,460 $106,550 $841,910
2025 $7,677 $809,780 $106,550 $703,230
2024 $7,475 $795,670 $92,440 $703,230
2023 $7,004 $747,260 $110,930 $636,330
2022 $6,405 $645,550 $92,440 $553,110
2021 $5,610 $519,580 $82,820 $436,760
2020 $5,448 $497,020 $79,130 $417,890
2019 $5,225 $475,460 $63,860 $411,600
2018 $4,710 $358,570 $63,860 $294,710
2017 $4,437 $358,570 $63,860 $294,710
2016 $4,370 $326,080 $61,940 $264,140
2015 $4,329 $326,080 $61,940 $264,140
2014 -- $311,970 $61,940 $250,030
2013 -- $311,970 $61,940 $250,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2270796

Northwest Multiple Listing Service (NWMLS)

APN: 4366-013-008-00-05