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.
Keller Williams Rty TacomaLicense #72669Listed on: 05/18/2018
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1292994
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
Cumulative Days on Market: 259
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
DateNameOwned ForOwner Type
Jul 2018 - PresentJohnson Molly Elizabeth6 Years and 10 Months
Private Individual
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%
Total Days on Market
10
Current Estimated Value
$657,520
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,520
Avg. Annual Appreciation
7.99%
Original Mortgage
$160,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Dec 2005 - Jul 2018Holmes Patricia12 Years and 7 Months
Private Individual
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
Feb 1998 - Dec 2005Silvernail Douglas E7 Years and 10 Months
Private Individual
Purchase Details
Closed on
Feb 6, 1998
Sold by
Silvernail Jon Jay
Bought by
Silvernail Douglas E
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Turnkey Investment Opportunity – Tenant-Occupied Duplex in Downtown Orting Investor alert! This well-maintained, tenant-occupied duplex in the heart of downtown Orting offers immediate rental income with long-term tenants already in place. Each townhouse-style unit features 2 bedrooms, 1.5 bathrooms, a living room, dining area, kitchen, laundry hookups, and covered parking. Situated close
Townhouse-Style Duplex in Prime Downtown Orting Location. Excellent opportunity for investors or owner-occupants, with one of the units move-in ready! This well-kept duplex offers two spacious 2-bedroom, 1.5-bath units in a desirable townhouse-style layout. Each unit features durable LVP flooring on the main level, a comfortable living room, dining area, kitchen, laundry room with hookups, and a
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 207 Silver Ln SE, Orting, WA 98360 since 18 May 2018 and is currently estimated at $657,520, approximately $279 per square foot. This property was built in 1995. 207 Silver Ln SE is a home located in Pierce County with nearby schools including Orting Primary School, Ptarmigan Ridge Elementary School, and Orting Middle School.
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