Listed by Urban Commercial Partners, LLC, Bought with Paramount Real Estate Group
$525,000
SOLD JUL 23, 2024
-- Bed
-- Bath
2,252 Sq Ft
0.44 Acres

Recently Sold

$233 Per Sq Ft

1% Below List Price

16 Days on Market

Highlights

  • 0.44 Acre Lot
  • Property is in very good condition
  • 1-Story Property
  • No HOA

About This Home

As of July 2024

Built in 1994, and available for sale for the first time since completion of development. An extremely rare investment opportunity to purchase a large and well maintained duplex, in a leading Kitsap County submarket of Port Orchard. The duplex is located on a private street near the SW portion of the block, and surrounded by lush vegetation and beautiful Pacific Northwest timber. The duplex is a side-by-side layout & features 2 bed/1 bath units, in-unit washer/dryer, 1100 SF of living space, attached garages, and significant outdoor greenspace. Additional space includes a large storage area on the bottom level of the property.

Last Agent to Sell the Property

Cole Kennaly

Urban Commercial Partners, LLC License #137701 Listed on: 05/30/2024

Co-Listed By

Tyler Bretz, CCIM

Urban Commercial Partners, LLC License #23000464

Last Buyer's Agent

Rebecca Nelson

Paramount Real Estate Group License #128449

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2222299

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,023

Year Built

  • Built in 1994

Lot Details

  • 0.44 Acre Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,252 Sq Ft Home
  • 1-Story Property

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Septic Tank

Community Details

  • No Home Owners Association
  • Port Orchard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 46840040130309

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,023

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1994
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2252
  • Special Features: None
  • Cumulative Days on Market: 324

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • WaterSewerGarbage: 816

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: South Kitsap

Lot Info

  • Parcel Number: 46840040130309
  • Lot Size Acres: 0.44
  • Lot Size Sq Ft: 19166
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16.98
  • LeasedItems: None
  • TotalMonthlyIncome: 2500

Multi Family

  • Gross Scheduled Income: 31200
  • Net Operating Income: 24138
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 2252
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2009
Sold by
Stock Russell and Stock Madalynn
Bought by
Stock Greg and Stock Lynette
Total Days on Market
16
Current Estimated Value
$713,259
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $498,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2024 07/23/24 Sold $525,000 -0.9% $233 / Sq Ft
06/15/2024 06/15/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $530,000 -- $235 / 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 $4,147 $456,340 $72,110 $384,230
2024 $4,023 $456,340 $72,110 $384,230
2023 $3,994 $456,340 $72,110 $384,230
2022 $3,911 $374,730 $67,340 $307,390
2021 $3,784 $343,610 $62,570 $281,040
2020 $3,708 $327,460 $59,590 $267,870
2019 $2,945 $282,470 $58,680 $223,790
2018 $3,076 $230,430 $58,680 $171,750
2017 $2,645 $230,430 $58,680 $171,750
2016 $2,583 $206,140 $58,680 $147,460
2015 $2,505 $202,670 $58,680 $143,990
2014 -- $199,200 $58,680 $140,520
2013 -- $228,330 $61,770 $166,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2222299

Northwest Multiple Listing Service (NWMLS)

APN: 4684-004-013-03-09