NOT LISTED FOR SALE

2307 Shepard St Unit 23071 Steilacoom, WA 98388

Steilacoom Neighborhood

Estimated Value: $532,394 - $667,000

4 Beds
2 Baths
1,924 Sq Ft
$318/Sq Ft Est. Value

Last Sold February 25, 2020

Last sale price $415,000 $216 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,704/month

43 Days on Market

Highlights

  • Patio
  • Ceramic Tile Flooring
  • Property is Fully Fenced
  • Steilacoom High School Rated A-
  • High Speed Internet
  • 5-minute walk to Webber Court Community Park

About This Home

As of February 2020

Traditional Steilacoom Duplex. Maintained, well managed, and has been pre-inspected to provide predictability for your next investment. Tenants are on month to month leases and rents are below market. New roof in 2018. Plenty of parking with carports and parking stalls. 2 parking spots for each unit. One storage unit per unit. Owner pays for water. Separately metered electricity and tenants responsibility. Please respect tenants and no sign.

Last Listed By

Alex Munoz

Windermere Prof Partners License #109120 Listed on: 12/02/2019

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1539442

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,730

Year Built

  • Built in 1967

Lot Details

  • 7,275 Sq Ft Lot
  • Street terminates at a dead end
  • Property is Fully Fenced

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,924 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Steilacoom Subdivision

Listing and Financial Details

  • Assessor Parcel Number 251000-084-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,730

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1967
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1924
  • Special Features: None
  • Cumulative Days on Market: 292

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 600

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Steilacoom Historica

Lot Info

  • Parcel Number: 251000-084-6
  • Lot Size Acres: 0.167
  • Lot Size Sq Ft: 7275
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 2400

Multi Family

  • Gross Scheduled Income: 28800
  • Net Operating Income: 23214
  • Number Of Units Total: 2
  • Insurance Expense: 816
  • Leasable Area: 1924
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2019
  • Tax Annual Amount: 2730

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2019
Closed on
Mar 24, 2020
Sold by
Kim Joy
Bought by
Kim Joy and The Kim Revocable Living Trust
Seller's Agent
Alex Munoz
Windermere Prof Partners
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Total Days on Market
43
Current Estimated Value
$611,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,099
Avg. Annual Appreciation
7.57%
Original Mortgage
$311,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 2, 2019
Closed on
Feb 21, 2020
Sold by
Kim Alexander
Bought by
Kim Joy
Seller's Agent
Alex Munoz
Windermere Prof Partners
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 2, 2019
Closed on
Feb 20, 2020
Sold by
Wambem Kristine K and Wambem Kristine Karen
Bought by
Kim Joy
Seller's Agent
Alex Munoz
Windermere Prof Partners
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2014
Sold by
Wambem Kristine Dean and Wambem Kristine Karen
Bought by
Wambem Kristine Karen

Purchase Details

Closed on
Apr 8, 2002
Sold by
Evanson Gerald K
Bought by
Wambem Myron M and Wambem Kristine K

Purchase Details

Closed on
Mar 22, 2002
Sold by
Evanson Gerald K
Bought by
Christ Lutheran Church

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Steilacoom, WA

  • 2786 Old Military Rd Unit 27861, Steilacoom, WA 98388

    $699,000

    • 4 Beds
    • 2 Baths
    • 1,944 Sq Ft
    • 2786 Old Military Rd
    • Unit 27861
    • Steilacoom, WA

    Nicelly remodeled in 2017, this duplex still looks like it's newly refurbished. Located in a nicely wooded area of Steilacoom, close to everything. These units offer a spacious 972 square feet, two bedroom, a spacious kitchen with see through access to living room. Brick fireplace for added ambiance in the winter time. Washer and dryer in the unit. Forced air heat. One car garages.

    Hans Brown Puget Sound Homes Realty

    Section Image
  • 814 5th St Unit 8143, Steilacoom, WA 98388

    $599,900

    • 4 Beds
    • 2 Baths
    • 1,824 Sq Ft
    • 814 5th St
    • Unit 8143
    • Steilacoom, WA

    Really amazing investment opportunity in the heart of Steilacoom. This Duplex has been renovated with new roofs, windows, flooring, paint, fixtures, stainless appliances and more. 2 parking spaces and storage with each unit. 2 Bedrooms, 1 bath with laundry. Well maintained common area and yard. Close to Salter Point Beach and all that Steilacoom has to offer. 2 separate parcels. All units are

    Lacey Casciato Olympic Sotheby's Int'l Realty

    Section Image
  • 814 5th St Unit 8141, Steilacoom, WA 98388

    $649,900

    • 6 Beds
    • 2 Baths
    • 2,000 Sq Ft
    • 814 5th St
    • Unit 8141
    • Steilacoom, WA

    Really amazing investment opportunity in the heart of Steilacoom. This Duplex has been renovated with new roofs, windows, flooring, paint, fixtures, stainless appliances and more. 2 parking spaces and storage with each unit. 3 Bedrooms, 1 bath with laundry. Well maintained common area and yard. Close to Salter Point Beach and all that Steilacoom has to offer. 2 separate parcels. All units are

    Lacey Casciato Olympic Sotheby's Int'l Realty

    Section Image
  • 814 5th St Unit 8145, Steilacoom, WA 98388

    $599,900

    • 6 Beds
    • 2 Baths
    • 2,000 Sq Ft
    • 814 5th St
    • Unit 8145
    • Steilacoom, WA

    Really amazing investment opportunity in the heart of Steilacoom. This Duplex has been renovated with new roofs, windows, flooring, paint, fixtures, stainless appliances and more. 2 parking spaces and storage with each unit. 3 Bedrooms, 1 bath with laundry. Well maintained common area and yard. Close to Salter Point Beach and all that Steilacoom has to offer. 2 separate parcels. All units are

    Lacey Casciato Olympic Sotheby's Int'l Realty

    Section Image

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
Kim Joy -- None Available
Kim Joy -- Cw Title
Kim Joy $415,000 Cw Title
Wambem Kristine Karen -- None Available
Wambem Myron M -- --
Christ Lutheran Church -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Joy $315,000
Closed Kim Joy $311,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2020 02/25/20 Sold $415,000 -2.4% $216 / Sq Ft
01/14/2020 01/14/20 Pending -- -- --
12/02/2019 12/02/19 For Sale $425,000 -- $221 / 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
2024 $3,796 $478,600 $220,000 $258,600
2023 $3,796 $440,200 $200,800 $239,400
2022 $3,789 $429,500 $193,300 $236,200
2021 $3,349 $310,300 $138,800 $171,500
2019 $2,730 $271,200 $122,800 $148,400
2018 $2,427 $246,000 $96,500 $149,500
2017 $2,427 $220,800 $80,000 $140,800
2016 $2,259 $180,100 $64,100 $116,000
2014 $2,214 $175,600 $64,100 $111,500
2013 $2,214 $165,100 $62,900 $102,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1539442

Northwest Multiple Listing Service (NWMLS)

APN: 251000-0846