Listed by John L Scott Olympic Peninsula, Bought with Solution Partners NW
NOT LISTED FOR SALE

Estimated Value: $716,940 - $867,000

8 Beds
4 Baths
4,384 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 18, 2015

Last sale price $314,900 $72 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $4,699/month

8 Days on Market

Highlights

  • Views of a Sound
  • Partially Fenced Property
  • Wall to Wall Carpet
  • 0.46 Acre Lot
  • Wood Siding

About This Home

As of September 2015

A nice investment in a convenient area, Close to ferry, bus line and schools. Though in need of some repair the value and return on investment is achievable. The more active you want to be in the management of this investment the higher your ROI. Lawn maint and prop. mgmt fees are not included in the numbers as the new investor may want to do these to improve rate of return. Price reflects 1 unit which needs work before it can be rented.

Last Agent to Sell the Property

Frank Wilson

John L Scott Olympic Peninsula License #4650 Listed on: 08/13/2015

John L Scott Olympic Peninsula

Co-Listed By

Vickie Depudy

John L. Scott, Inc. License #92923

Last Buyer's Agent

Ty Snyder

Solution Partners NW License #108267

Solution Partners NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 825413

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,044

Year Built

  • Built in 1976

Lot Details

  • 0.46 Acre Lot
  • Partially Fenced Property

Property Views

  • Views of a Sound
  • Mountain
  • Limited

Home Design

  • Quadruplex
  • Fixer Upper
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,384 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Mtn View Mid Middle School
  • Bremerton High School

Utilities

  • Cable TV Available

Community Details

  • Manette Subdivision

Listing and Financial Details

  • Assessor Parcel Number 13240110492003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,044

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4384
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Partial, Sound
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Fixer
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Bremerton
  • WaterCompany: Bremerton Water
  • WaterSewerGarbage: 2703

Schools

  • Junior High Dist: Bremerton #100c
  • High School: Bremerton High
  • Middle Or Junior School: Mtn View Mid

Lot Info

  • Parcel Number: 13240110492003
  • Lot Size Acres: 0.46
  • Lot Size: 107 x 186 +/-
  • Lot Size Sq Ft: 20038
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 2650

Multi Family

  • Gross Scheduled Income: 30600
  • Net Operating Income: 22162
  • Number Of Units Total: 4
  • Electric Expense: 100
  • Insurance Expense: 1465
  • Leasable Area: 4384
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 25

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3044

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2015
Closed on
Sep 9, 2015
Sold by
Price J Michael and Price Becky L
Bought by
Snyder Steven Clark
Seller's Agent
Frank Wilson
John L Scott Olympic Peninsula
Buyer's Agent
Ty Snyder
Solution Partners NW
List Price
$314,900
Sold Price
$314,900
Current Estimated Value
$791,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,070
Avg. Annual Appreciation
9.60%

Purchase Details

Closed on
Oct 7, 2004
Sold by
Apollo Property Management Llc
Bought by
Price J Michael and Price Becky L

Purchase Details

Closed on
Jan 23, 2004
Sold by
Hutchinson Chad H and Hutchinson Heidi L
Bought by
Apollo Property Management Llc

Purchase Details

Closed on
May 23, 2003
Sold by
Christie Penelope Elizabeth
Bought by
Hutchinson Chad and Hutchinson Heidi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.75%
Mortgage Type
Commercial
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
Snyder Steven Clark $314,900 Pacific Nw Title
Price J Michael $420,000 Pacific Nw Title
Apollo Property Management Llc -- --
Hutchinson Chad $320,000 Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hutchinson Chad $256,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2015 09/18/15 Sold $314,900 0.0% $72 / Sq Ft
08/22/2015 08/22/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $314,900 -- $72 / 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 $5,999 $761,740 $136,120 $625,620
2025 $5,999 $680,130 $136,120 $544,010
2024 $5,683 $667,750 $123,740 $544,010
2023 $5,874 $667,750 $123,740 $544,010
2022 $5,825 $595,290 $103,120 $492,170
2021 $5,101 $477,210 $73,170 $404,040
2020 $4,324 $404,090 $69,710 $334,380
2019 $4,064 $393,580 $64,770 $328,810
2018 $4,273 $289,380 $49,440 $239,940
2017 $3,788 $289,380 $49,440 $239,940
2016 $3,517 $254,310 $43,370 $210,940
2015 $3,044 $219,030 $51,680 $167,350
2014 -- $218,930 $51,680 $167,250
2013 -- $238,900 $51,680 $187,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 825413

Northwest Multiple Listing Service (NWMLS)

APN: 132401-1-049-2003