Listed by Spivey Realty Group, LLC, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $194,047 - $211,000

2 Beds
1 Bath
1,826 Sq Ft
$111/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $122,000 $67 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $1,225/month

2 Days on Market

Highlights

  • RV Access or Parking
  • Wood Siding
  • Wall to Wall Carpet
  • Deck

About This Home

As of February 2021

Investor alert! 2 houses on one parcel make for a great investment opportunity. ~9% cap rate. Gross rents are $1395 with tenants paying for all utilities. 2+ bed, 1 bath with lower-level shop in main house, second home has 1 bed/1bath with living area. Some TLC possible for instant sweat equity.

Last Agent to Sell the Property

Kevin Spivey

Spivey Realty Group, LLC License #27308 Listed on: 01/17/2021

Last Buyer's Agent

Omar Choudhry

Skyline Properties, Inc. License #140046

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1718090

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,294

Year Built

  • Built in 1912

Lot Details

  • 6,300

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,826 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 1 Covered Space
  • Open Parking
  • RV Access or Parking

Additional Features

  • Deck
  • 6,300 Sq Ft Lot

Community Details

  • Hoquiam Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055203600800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,294

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1912
  • Buyer Agency Compensation: 3.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1826
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Hoquiam

Lot Info

  • Parcel Number: 055203600800
  • Lot Size Acres: 0.1446
  • Lot Size Sq Ft: 6300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Gas Available,RV Parking
  • MLSLotSizeSource: county

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 1395

Multi Family

  • Gross Scheduled Income: 16740
  • Net Operating Income: 13646
  • Number Of Units Total: 2
  • Insurance Expense: 1800
  • Leasable Area: 1826
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 1294

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2021
Closed on
Feb 8, 2021
Sold by
Rothwell Kent Dean and Rothwell Kimberly
Bought by
Cherry Harbor Homes Llc
Seller's Agent
Kevin Spivey
Spivey Realty Group, LLC
Buyer's Agent
Omar Choudhry
Skyline Properties, Inc.
List Price
$150,000
Sold Price
$122,000
Premium/Discount to List
-$28,000
-18.67%
Current Estimated Value
$203,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,012
Avg. Annual Appreciation
11.55%

Purchase Details

Closed on
Jan 31, 2005
Sold by
Emc Mortgage Corporation
Bought by
Rothwell Kent Dean and Rothwell Kimberly
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
Cherry Harbor Homes Llc $122,000 Grays Harbor Title
Rothwell Kent Dean $69,673 Coast Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2021 02/19/21 Sold $122,000 -18.7% $67 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
01/17/2021 01/17/21 For Sale $150,000 -- $82 / 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
2025 $1,820 $193,131 $22,680 $170,451
2023 $2,089 $193,131 $22,680 $170,451
2022 $1,432 $112,695 $12,600 $100,095
2021 $1,254 $112,695 $12,600 $100,095
2020 $1,294 $92,676 $12,600 $80,076
2019 $1,057 $92,676 $12,600 $80,076
2018 $1,261 $79,330 $12,600 $66,730
2017 $1,202 $79,330 $12,600 $66,730
2016 $1,167 $79,330 $12,600 $66,730
2014 -- $77,550 $12,600 $64,950
2013 -- $74,640 $12,600 $62,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1718090

Northwest Multiple Listing Service (NWMLS)

APN: 055203600800