Listed by Keller Williams Rty Tacoma, Bought with Home Team Northwest Inc
NOT LISTED FOR SALE

207 Silver Ln SE Orting, WA 98360

Estimated Value: $624,524 - $783,000

6 Beds
3 Baths
2,356 Sq Ft
$288/Sq Ft Est. Value

Last Sold July 02, 2018

Last sale price $385,000 $163 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $4,000/month

10 Days on Market

Highlights

  • RV Access or Parking
  • Cul-De-Sac
  • Property is Fully Fenced
  • Thermal Windows
  • Patio
  • 5-minute walk to Central Park

About This Home

As of July 2018

Now is the opportunity to invest in real estate! Very well maintained duplex in the heart of Orting. New appliances and furnace installed last year. Owner occupy opportunity with possible RV parking. Take advantage of this investment to increase rents to current market values and have tenants pay for utilities to increase cap rate. Rental market in Orting is strong and vacancies are low.

Last Agent to Sell the Property

Brian Thayer

Keller Williams Rty Tacoma License #72669 Listed on: 05/18/2018

Keller Williams Rty Tacoma

Last Buyer's Agent

Timothy Evans

Home Team Northwest Inc License #25160

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1292994

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,879

Year Built

  • Built in 1995

Lot Details

  • 0.3 Acre Lot
  • Cul-De-Sac
  • Property is Fully Fenced

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,356 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Schools

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

Additional Features

  • Patio
  • Natural Gas Connected

Community Details

  • Orting Subdivision

Listing and Financial Details

  • Assessor Parcel Number 051929-7-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,879

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: 2.75%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2356
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

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
  • Lot Features: Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Orting
  • WaterCompany: City of Orting
  • WaterSewerGarbage: 3000

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 051929-7-008
  • Lot Size Acres: 0.2984
  • Lot Size Sq Ft: 13000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Patio,RV Parking
  • MLSLotSizeSource: Co Assessor
  • ZoningClass: Multi-Family

Green Features

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

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 2250

Multi Family

  • Gross Scheduled Income: 27000
  • Net Operating Income: 18831
  • Number Of Units Total: 2
  • Insurance Expense: 750
  • Leasable Area: 2356
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2018
  • Tax Annual Amount: 3879

MLS Schools

  • Elementary School: Orting Primary Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2018
Closed on
Jul 2, 2018
Sold by
Holmes Patricia L
Bought by
Johnson Molly Elizabeth
Seller's Agent
Brian Thayer
Keller Williams Rty Tacoma
Buyer's Agent
Timothy Evans
Home Team Northwest Inc
List Price
$390,000
Sold Price
$385,000
Premium/Discount to List
-$5,000
-1.28%
Current Estimated Value
$677,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,381
Avg. Annual Appreciation
7.66%
Original Mortgage
$160,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2005
Sold by
Silvernail Douglas E
Bought by
Holmes Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
6.27%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 6, 1998
Sold by
Silvernail Jon Jay
Bought by
Silvernail Douglas E
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
Johnson Molly Elizabeth $384,719 Attorneys Title
Holmes Patricia $275,000 Lawyers Title
Silvernail Douglas E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Molly Elizabeth $325,000
Closed Johnson Edward G $160,000
Closed Johnson Molly Elizabeth $327,250
Previous Owner Holmes Patricia L $129,200
Previous Owner Holmes Patricia $154,000
Previous Owner Silvernail Douglas E $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2018 07/02/18 Sold $385,000 -1.3% $163 / Sq Ft
05/28/2018 05/28/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $390,000 -- $166 / 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 $5,078 $580,100 $196,900 $383,200
2024 $5,078 $587,400 $186,600 $400,800
2023 $5,078 $556,000 $178,300 $377,700
2022 $4,751 $518,600 $178,300 $340,300
2021 $4,361 $360,400 $118,000 $242,400
2019 $3,959 $317,400 $100,100 $217,300
2018 $3,631 $307,400 $87,200 $220,200
2017 $3,631 $257,400 $70,100 $187,300
2016 $3,407 $215,500 $55,900 $159,600
2014 $3,159 $203,500 $50,000 $153,500
2013 $3,159 $187,000 $39,300 $147,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1292994

Northwest Multiple Listing Service (NWMLS)

APN: 051929-7008