Listed by Old Towne Realty, Bought with Ison Realty
NOT LISTED FOR SALE

2505 Erlands Point Rd NW Unit 3 Bremerton, WA 98312

Kitsap Lake Neighborhood

Estimated Value: $320,000 - $389,000

3 Beds
2 Baths
2,146 Sq Ft
$160/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $524,900 $245 Per Sq Ft

Est. 34% decrease in value since last sale

Current estimated payment $2,049/month

438 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Partially Fenced Property
  • Central Kitsap High School Rated A-
  • No HOA
  • Wood Siding

About This Home

As of October 2023

Back on Market due to Buyer not performing. Unique centrally located 3 units in desirable Erland Point Community. Duplex & a vacant REMODELED single wide 3 bed, 2 bath Mobile. Two parcels, Two addresses. EZ to rent. Mobile has new flooring, cabinets, counters, appliances, paint, doors/locks, bath fixtures, Energy Star windows, LED lights, new blinds, plugs/switches and ceiling panels. 2507 has new "Life Proof" flooring and modest remodel. Duplex units have dbl pane vinyl windows. Front duplex unit has had the same tenant for 7+ years. Rear duplex is 2 bed. Cash out Duplex and owner will consider holding a note/DOT on mobile, OAC. Two Septic systems with unconventional drain field. Buyer should verify. All units are rented.

Last Agent to Sell the Property

Donn Hughes

Old Towne Realty License #49809 Listed on: 05/20/2022

Last Buyer's Agent

Shane Ison

Ison Realty License #24995

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1937900

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,328

Year Built

  • Built in 1944

Lot Details

  • 7,841 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Triplex
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Metal Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,146 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Erlands Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 05240141062007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,328

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1944
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2146
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Forced Air, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition, Metal
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Post & Block, Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Security: FullyFenced
  • Cooling Y N: No
  • Heating Yn: No
  • PowerCompany: PSE
  • SewerCompany: Private
  • WaterCompany: Erland Point
  • WaterSewerGarbage: 720

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bremerton #100c
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 05240141062007
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Outbuildings
  • MLSLotSizeSource: County
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 4300

Multi Family

  • Gross Scheduled Income: 51600
  • Net Operating Income: 45769
  • Number Of Units Total: 3
  • Electric Expense: 408
  • Insurance Expense: 738
  • Leasable Area: 2100
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3328
  • AdditionalTaxIds: 05240141042009

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Oct 5, 2023
Sold by
Savoy Diliner Dawn L
Bought by
Granquist Holdings Llc
Seller's Agent
Donn Hughes
Old Towne Realty
Buyer's Agent
Shane Ison
Ison Realty
List Price
$518,500
Sold Price
$524,900
Premium/Discount to List
$6,400
1.23%
Views
329
Current Estimated Value
$344,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$180,567
Avg. Annual Appreciation
-19.09%
Original Mortgage
$240,000
Outstanding Balance
$235,378
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$108,955

Purchase Details

Closed on
Jun 29, 2007
Sold by
Kraft Dawn L
Bought by
Farrar Barry A and Kraft Dawn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 18, 2003
Sold by
Reasons Tad and Reasons Stephanie
Bought by
Kraft Dawn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,650
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 1999
Sold by
Warner Violet Jean
Bought by
Reasons Tad and Reasons Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,200
Interest Rate
7.1%
Mortgage Type
Seller Take Back
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
Granquist Holdings Llc $300,000 Aegis Land Title
Farrar Barry A -- None Available
Kraft Dawn L $128,500 Land Title Company
Reasons Tad $44,000 Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Granquist Holdings Llc $240,000
Previous Owner Kraft Dawn L $115,650
Previous Owner Reasons Tad $35,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold $524,900 0.0% $245 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
03/26/2023 03/26/23 Price Changed $524,900 +1.2% $245 / Sq Ft
03/09/2023 03/09/23 For Sale $518,500 0.0% $242 / Sq Ft
02/19/2023 02/19/23 Pending -- -- --
05/20/2022 05/20/22 For Sale $518,500 -- $242 / 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 $2,678 $261,520 $86,290 $175,230
2025 $2,678 $261,520 $86,290 $175,230
2024 $2,606 $261,520 $86,290 $175,230
2023 $2,072 $201,510 $78,400 $123,110
2022 $2,020 $173,400 $64,980 $108,420
2021 $1,839 $149,730 $56,000 $93,730
2020 $1,668 $136,210 $50,870 $85,340
2019 $1,595 $126,070 $47,030 $79,040
2018 $1,684 $113,180 $41,330 $71,850
2017 $1,610 $113,180 $41,330 $71,850
2016 $1,426 $103,100 $41,330 $61,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1937900

Northwest Multiple Listing Service (NWMLS)

APN: 052401-4-106-2007