NOT LISTED FOR SALE

Estimated Value: $788,000 - $918,000

8 Beds
4 Baths
3,452 Sq Ft
$244/Sq Ft Est. Value

Last Sold February 14, 2013

Last sale price $313,000 $91 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $5,101/month

28 Days on Market

Highlights

  • Bay View
  • Deck
  • Wall to Wall Carpet
  • Kingston High School Rated 9+
  • Thermal Windows

About This Home

As of February 2013

Fantastic Kingston 4-plex conveniently located near shopping, parks and the ferry. Tenants enjoy southern exposure water and mountain views from two bedroom/one bath units with a very low vacancy rate. Recent upgrades and a new roof is installed! Shared on-site manager for all ten 4-plexes. A great way to help fund your future adventures!

Last Buyer's Agent

Mark Danielsen

Windermere RE West Sound Inc. License #8494

Windermere RE West Sound Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 405654

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,525

Year Built

  • Built in 1978

Lot Details

  • 3,920 Sq Ft Lot
  • Property is in good condition

HOA Fees

  • $117 Monthly HOA Fees

Property Views

  • Bay
  • City
  • Mountain
  • Limited

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,452 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Richard Gordon Elementary School
  • Kingston Middle School
  • Kingston High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Colonial Heights Condos
  • Kingston Subdivision

Listing and Financial Details

  • Assessor Parcel Number 43470000090005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,525

Year Built

Built in 1978

Lot Details

0

HOA Fees

$117 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1978
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Colonial Heights
  • CalculatedSquareFootage: 3452
  • 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
  • Amenities: Basement,Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Bay, City, Mountain(s), Partial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Kitsap County
  • WaterCompany: PUD No 1
  • WaterSewerGarbage: 2700

Condo/Co-op/Association

  • Association Fee: 1400
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: North Kitsap #400
  • High School: Kingston High School
  • Middle Or Junior School: Kingston Middle

Lot Info

  • Parcel Number: 43470000090005
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 3013

Multi Family

  • Gross Scheduled Income: 36000
  • Net Operating Income: 20605
  • Number Of Units Total: 4
  • Electric Expense: 180
  • Insurance Expense: 1400
  • Leasable Area: 3180
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2012
  • Tax Annual Amount: 3525

MLS Schools

  • Elementary School: Richard Gordon Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2012
Closed on
Feb 7, 2013
Sold by
Hunter Roland Cubert and Lavoy Susan Kathleen
Bought by
Shapiro Stephen and Place Marilyn
Buyer's Agent
Mark Danielsen
Windermere RE West Sound Inc.
List Price
$329,000
Sold Price
$313,000
Premium/Discount to List
-$16,000
-4.86%
Current Estimated Value
$840,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$527,702
Avg. Annual Appreciation
8.16%
Original Mortgage
$234,750
Outstanding Balance
$163,190
Interest Rate
3.29%
Mortgage Type
Commercial
Estimated Equity
$677,512

Purchase Details

Closed on
Mar 3, 1998
Sold by
Hillman Steven R and Slotto Kraig S
Bought by
Hunter Roland Cubert and Lavoy Susan Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Interest Rate
6.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 22, 1994
Sold by
Stryker David L and Stryker Karen Z
Bought by
Hillman Steven R and Slotto Kraig S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,100
Interest Rate
8.6%
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
Shapiro Stephen $313,280 Pacific Nw Title
Hunter Roland Cubert $208,000 Transnation Title Insurance
Hillman Steven R $193,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shapiro Stephen $234,750
Previous Owner Hunter Roland Cubert $158,087
Previous Owner Hunter Roland Cubert $166,400
Previous Owner Hillman Steven R $135,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2013 02/14/13 Sold $313,000 -4.9% $91 / Sq Ft
10/16/2012 10/16/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $329,000 -- $95 / 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 $6,054 $697,840 $103,530 $594,310
2025 $6,054 $615,420 $92,440 $522,980
2024 $5,862 $615,420 $92,440 $522,980
2023 $5,636 $581,730 $80,530 $501,200
2022 $5,576 $548,940 $66,920 $482,020
2021 $4,928 $440,410 $56,710 $383,700
2020 $4,719 $416,430 $56,710 $359,720
2019 $7,641 $428,280 $46,600 $381,680
2018 $4,357 $340,650 $36,790 $303,860
2017 $4,363 $340,650 $36,790 $303,860
2016 $4,048 $288,870 $35,040 $253,830
2015 $4,011 $288,870 $35,040 $253,830
2014 -- $275,900 $35,040 $240,860
2013 -- $272,140 $50,550 $221,590
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 405654

Northwest Multiple Listing Service (NWMLS)

APN: 4347-000-009-00-05