Listed by Keller Williams Rty Tacoma, Bought with Keller Williams Realty PS
NOT LISTED FOR SALE

205 Silver Ln SE Orting, WA 98360

Estimated Value: $808,000 - $876,000

6 Beds
3 Baths
3,052 Sq Ft
$276/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $425,000 $139 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $5,164/month

104 Days on Market

Highlights

  • RV Access or Parking
  • Mountain View
  • Thermal Windows
  • 0.43 Acre Lot
  • Corner Lot
  • 5-minute walk to Central Park

About This Home

As of April 2018

Investor alert! Large town-home style duplex home in the heart of Orting, traditional floor plan, new appliances, quite location, Upside to this attractive property by increasing the current low rents to market value and rent out the 4 car detached garage. Partition off the stalls inside the garage and rent out each one for a estimate of $150 a stall. Good opportunity to owner occupy this home. Seller has additional duplex across the street,MLS #1221223 buy one or both for a smart investment.

Last Agent to Sell the Property

Brian Thayer

Keller Williams Rty Tacoma License #72669 Listed on: 11/25/2017

Keller Williams Rty Tacoma

Last Buyer's Agent

Anna McClusky

Keller Williams Realty PS License #27994

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1220527

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,997

Year Built

  • Built in 1995

Lot Details

  • 0.43 Acre Lot
  • Cul-De-Sac
  • Property is Fully Fenced
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,052 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Mountain Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • 6 Covered Spaces
  • Open Parking
  • RV Access or Parking

Schools

  • Orting Primary Sch Elementary School
  • Orting Mid Middle School
  • Orting High School

Utilities

  • Natural Gas Connected

Community Details

  • Orting Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0519297009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,997

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1995
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3052
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 461

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Lot Features: Corner Lot, Cul-De-Sac, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Sewer Connected, Natural Gas Connected
  • WaterSewerGarbage: 3000

Schools

  • Junior High Dist: Orting
  • High School: Orting High
  • Middle Or Junior School: Orting Mid

Lot Info

  • Parcel Number: 0519297009
  • Lot Size Acres: 0.4275
  • Lot Size Sq Ft: 18621
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,RV Parking
  • MLSLotSizeSource: Tax records
  • ZoningClass: Multi-Family

Green Features

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

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3045

Multi Family

  • Gross Scheduled Income: 36540
  • Net Operating Income: 25895
  • Number Of Units Total: 2
  • Insurance Expense: 1342
  • Leasable Area: 3052
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2017
  • Tax Annual Amount: 4997

MLS Schools

  • Elementary School: Orting Primary Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2017
Closed on
Mar 22, 2018
Sold by
Silvernail Douglas E
Bought by
Griepp Freedom
Seller's Agent
Brian Thayer
Keller Williams Rty Tacoma
Buyer's Agent
Anna McClusky
Keller Williams Realty PS
List Price
$455,000
Sold Price
$425,000
Premium/Discount to List
-$30,000
-6.59%
Current Estimated Value
$842,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,945
Avg. Annual Appreciation
9.51%
Original Mortgage
$361,250
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 1996
Sold by
Silvernail Cheryl S
Bought by
Silvernail Jon J
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
Griepp Freedom $424,719 Attorneys Title
Silvernail Jon J -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griepp Freedom $357,000
Closed Griepp Freedom $361,250
Previous Owner Silvernail Douglas E $285,300
Previous Owner Silvernail Douglas E $295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2018 04/13/18 Sold $425,000 0.0% $139 / Sq Ft
03/10/2018 03/10/18 Pending -- -- --
02/28/2018 02/28/18 Price Changed $425,000 -4.5% $139 / Sq Ft
02/06/2018 02/06/18 Price Changed $445,000 -2.2% $146 / Sq Ft
11/25/2017 11/25/17 For Sale $455,000 -- $149 / 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 $6,856 $766,200 $204,500 $561,700
2024 $6,856 $781,100 $193,700 $587,400
2023 $6,856 $739,000 $185,100 $553,900
2022 $6,395 $684,100 $185,100 $499,000
2021 $5,749 $475,400 $123,300 $352,100
2019 $5,291 $420,200 $104,600 $315,600
2018 $4,997 $411,000 $91,100 $319,900
2017 $4,997 $345,300 $73,200 $272,100
2016 $4,716 $297,600 $62,800 $234,800
2014 $4,399 $281,800 $56,100 $225,700
2013 $4,399 $261,300 $44,100 $217,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1220527

Northwest Multiple Listing Service (NWMLS)

APN: 051929-7009