Listed by Redfin, Bought with PropertiesNW of Gig Harbor Ltd
NOT LISTED FOR SALE

2602 N Wycoff Ave Bremerton, WA 98312

Estimated Value: $428,000 - $1,246,000

8 Beds
4 Baths
4,224 Sq Ft
$223/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $1,001,000 $237 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $5,662/month

8 Days on Market

Highlights

  • Views of a Sound
  • Secluded Lot
  • Wood Siding
  • Waterfront
  • Patio
  • Wall to Wall Carpet

About This Home

As of June 2021

Unique investor cash flow opportunity in these waterfront duplexes on one parcel! 4 townhouse style units, in two buildings. Each unit is 2 bedroom and 1.5 ba, each with their own covered parking spot, and second uncovered spot. Complex is fully occupied. Both buildings are situated on a high bluff water front with northern sound views. Access to the water does exist, though hasn't been maintained for consistent access. Complex has remained fully occupied, with low turnover. They are conveniently located to bases, ferries, and the freeway. Take an interior tour on the virtual view of one of the units. Access to units, and interior viewings of all units are available once under contract. Please do not visit property w/o an appt.

Last Agent to Sell the Property

Sheryl Wingate

Redfin License #111727 Listed on: 05/05/2021

Redfin

Last Buyer's Agent

Graham Mercado

PropertiesNW of Gig Harbor Ltd License #24100

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1767532

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,557

Year Built

  • Built in 1968

Lot Details

  • 1.35 Acre Lot
  • Waterfront
  • Secluded Lot

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,224 Sq Ft Home
  • 2-Story Property
  • Views of a Sound

Flooring

  • Wall to Wall Carpet
  • Laminate

Outdoor Features

  • Patio

Community Details

  • Bremerton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 10240110702008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,557

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4224
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Sound
  • Lot Features: Secluded
  • View: Yes
  • Waterfront Features: Bank-High
  • Waterfront: Yes
  • Exterior Features: Wood
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bremerton
  • WaterCompany: City of Bremerton
  • WaterSewerGarbage: 1058

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 10240110702008
  • Lot Size Acres: 1.35
  • Lot Size Sq Ft: 58806
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Realist- Buyer to Verify

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 5625

Multi Family

  • Gross Scheduled Income: 67500
  • Net Operating Income: 57724
  • Number Of Units Total: 4
  • Insurance Expense: 1756
  • Leasable Area: 4224
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5557

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2021
Closed on
Jun 22, 2021
Sold by
Lieberthal Dania
Bought by
Mercado Chavawne and Mercado Graham
Seller's Agent
Sheryl Wingate
Redfin
Buyer's Agent
Graham Mercado
PropertiesNW of Gig Harbor Ltd
List Price
$849,900
Sold Price
$1,001,000
Premium/Discount to List
$151,100
17.78%
Current Estimated Value
$940,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,365
Avg. Annual Appreciation
-1.43%
Original Mortgage
$750,750
Outstanding Balance
$679,711
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$260,924

Purchase Details

Closed on
May 29, 2018
Sold by
Wiek Beat
Bought by
Lieberthal Dania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 1999
Sold by
Whittle Douglas J
Bought by
Dixon Janet C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mercado Chavawne $1,001,000 Pacific Northwest Ttl Silver
Lieberthal Dania $650,000 Pacific Northwest Title Silv
Dixon Janet C $265,000 Pacific Nw Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mercado Chavawne $750,750
Previous Owner Lieberthal Dania $370,000
Previous Owner Dixon Janet C $238,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Sold $1,001,000 +17.8% $237 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $849,900 -- $201 / 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 $8,283 $939,240 $221,320 $717,920
2025 $8,283 $939,240 $221,320 $717,920
2024 $7,993 $939,240 $221,320 $717,920
2023 $8,261 $939,240 $221,320 $717,920
2022 $7,805 $797,780 $187,560 $610,220
2021 $5,559 $520,050 $156,910 $363,140
2020 $4,941 $461,830 $115,830 $346,000
2019 $4,116 $398,610 $105,370 $293,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1767532

Northwest Multiple Listing Service (NWMLS)

APN: 102401-1-070-2008