NOT LISTED FOR SALE

2907 64th St NW Unit A&B Gig Harbor, WA 98335

Estimated Value: $689,000 - $903,000

6 Beds
3 Baths
3,488 Sq Ft
$227/Sq Ft Est. Value

Last Sold May 01, 2020

Last sale price $601,000 $172 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,915/month

5 Days on Market

Highlights

  • Deck
  • Territorial View
  • Corner Lot
  • Harbor Heights Elementary School Rated A-
  • Wood Flooring
  • Patio

About This Home

As of May 2020

Stock market got you down?!? This is your opportunity to invest in income producing property in downtown Gig Harbor! Situated on 1/3 acre lot, both units are 1744 SF, 2 bed, 1.75 bath with a family room, office/den along with a spacious master ensuite. Use as investment property, occupy one unit while renting out the other, or condominiumize to sell individually in the future. There is plenty of room to build additional parking space or create an outdoor common area/patio as an added feature!

Last Agent to Sell the Property

Stephanie Patrick

RE/MAX Exclusive License #84828 Listed on: 03/13/2020

RE/MAX Exclusive

Last Buyer's Agent

Carrie Sater

Better Properties Real Estate License #6257

Better Properties Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1577704

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,791

Year Built

  • Built in 1975

Lot Details

  • 0.33 Acre Lot
  • Corner Lot
  • Property is in good condition

Home Design

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

Interior Spaces

  • 3,488 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Discvy Elementary School
  • Goodman Mid Middle School
  • Gig Harbor High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • In Town Subdivision

Listing and Financial Details

  • Assessor Parcel Number 022108-4-138

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,791

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1975
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3488
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 272

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: See Remarks, Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Peninsula Light
  • SewerCompany: City of Gig Harbor
  • WaterCompany: City of Gig Harbor
  • WaterSewerGarbage: 1747

Schools

  • Junior High Dist: Peninsula
  • High School: Gig Harbor High
  • Middle Or Junior School: Goodman Mid

Lot Info

  • Parcel Number: 022108-4-138
  • Lot Size Acres: 0.33
  • Lot Size Sq Ft: 14375
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio
  • MLSLotSizeSource: public records
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2400

Multi Family

  • Gross Scheduled Income: 40800
  • Net Operating Income: 28445
  • Number Of Units Total: 2
  • Insurance Expense: 1273
  • Leasable Area: 3488
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4791

MLS Schools

  • Elementary School: Discvy Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2020
Sold by
Johnson Martin R
Bought by
Gh 64Th St Llc
Total Days on Market
5
Current Estimated Value
$791,807

Purchase Details

Listed on
Mar 13, 2020
Closed on
Apr 28, 2020
Sold by
Gatton Leslie Ann
Bought by
Johnson Martin R
Seller's Agent
Stephanie Patrick
RE/MAX Exclusive
Buyer's Agent
Carrie Sater
Better Properties Real Estate
List Price
$595,000
Sold Price
$601,000
Premium/Discount to List
$6,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.61%
Original Mortgage
$416,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 13, 2020
Closed on
Mar 27, 2020
Sold by
Gatton John Francis and Gatton Leslie Ann
Bought by
Gatton Leslie Ann
Seller's Agent
Stephanie Patrick
RE/MAX Exclusive
Buyer's Agent
Carrie Sater
Better Properties Real Estate
List Price
$595,000
Sold Price
$601,000
Premium/Discount to List
$6,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2012
Sold by
Gatton John Francis
Bought by
Gatton Leslie Ann and John Francis Gatton Trust

Purchase Details

Closed on
Sep 20, 2011
Sold by
Gatton John Frances
Bought by
Gatton John Francis

Purchase Details

Closed on
Sep 11, 2008
Sold by
Gatton John Francis and Gatton Ardyth H
Bought by
Gatton John Francis and Gatton Ardyth H
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
Gh 64Th St Llc -- None Available
Johnson Martin R $601,000 First American Title Ins Co
Gatton Leslie Ann -- Accommodation
Gatton Leslie Ann -- None Available
Gatton John Francis -- None Available
Gatton John Francis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Martin R $416,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2020 05/01/20 Sold $601,000 +1.0% $172 / Sq Ft
03/18/2020 03/18/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $595,000 -- $171 / 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 $5,790 $784,000 $387,500 $396,500
2023 $5,790 $682,200 $368,300 $313,900
2022 $5,561 $698,300 $368,300 $330,000
2021 $5,432 $557,500 $272,200 $285,300
2019 $4,106 $474,300 $206,700 $267,600
2018 $4,019 $436,000 $197,200 $238,800
2017 $3,482 $390,100 $187,600 $202,500
2016 $3,503 $333,500 $166,600 $166,900
2014 $3,296 $322,800 $150,700 $172,100
2013 $3,296 $275,100 $111,900 $163,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1577704

Northwest Multiple Listing Service (NWMLS)

APN: 022108-4138