Listed by Better Properties Kitsap, Bought with Windermere RE West Sound Inc.
NOT LISTED FOR SALE

Estimated Value: $717,000 - $2,685,995

6 Beds
5 Baths
13,004 Sq Ft
$101/Sq Ft Est. Value

Last Sold March 12, 2019

Last sale price $1,645,000 $126 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $7,697/month

89 Days on Market

Highlights

  • 2.16 Acre Lot
  • Thermal Windows
  • Wood Siding
  • Deck
  • Partially Fenced Property
  • 5-minute walk to Bataan Park

About This Home

As of March 2019

FOUR duplex buildings with 100% occupancy of all 8 units. These homey units have nicely laid out floor plans with 3BR, 2-1/2 baths, LR/DR, Family Room, kitchen with eat-in space, laundry room and 2 car garages! Decks off the back lead into the fenced yard below. The bonus to this property is the possibility of future growth behind the duplexes. A sewer easement has already been obtained and a preliminary plan created! Buyer to verify!

Last Agent to Sell the Property

Gloria Mellon

Better Properties Kitsap License #106380 Listed on: 11/09/2018

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#: 1384942

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,680

Year Built

  • Built in 1994

Lot Details

  • 2.16 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 13,004 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Sheridan Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 12240111862007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,680

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: 13004
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 453

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Natural Gas Available, Septic System, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: North Perry
  • WaterSewerGarbage: 6240

Schools

  • Junior High Dist: Bremerton #100c

Lot Info

  • Parcel Number: 12240111862007
  • Lot Size Acres: 2.16
  • Lot Size Sq Ft: 94088
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 12000

Multi Family

  • Gross Scheduled Income: 144000
  • Net Operating Income: 119518
  • Number Of Units Total: 4
  • Insurance Expense: 3922
  • Leasable Area: 3000
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 18680

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2019
Sold by
Lollman James A
Bought by
Lollman Properties Llc
Current Estimated Value
$1,308,749

Purchase Details

Listed on
Nov 9, 2018
Closed on
Mar 11, 2019
Sold by
Treppens Wolfgang G and Treppens Brigitte L
Bought by
Lollman James L
Seller's Agent
Gloria Mellon
Better Properties Kitsap
Buyer's Agent
Mark Danielsen
Windermere RE West Sound Inc.
List Price
$1,800,000
Sold Price
$1,645,000
Premium/Discount to List
-$155,000
-8.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.47%
Original Mortgage
$206,000
Outstanding Balance
$84,394
Interest Rate
4.4%
Mortgage Type
Seller Take Back
Estimated Equity
$1,224,355

Purchase Details

Closed on
Apr 23, 2011
Sold by
Martin Tony W and Martin Pamela C
Bought by
Treppens Wolfgang G and Treppens Brigitte L

Purchase Details

Closed on
Jul 25, 1995
Sold by
Treppens Wolfgang G and Treppens Brigitte L
Bought by
Martin Tony W and Martin Pamela C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,600
Interest Rate
8.87%
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
Lollman Properties Llc -- None Available
Lollman James L $1,645,000 Land Title Company Silverdal
Lollman James A -- Land Title Company Silverdal
Treppens Wolfgang G $300,280 Fidelity Ntl Kitsap County
Martin Tony W $184,500 Charter Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lollman James L $206,000
Previous Owner Martin Tony W $265,700
Previous Owner Martin Tony W $183,000
Previous Owner Martin Tony W $183,000
Previous Owner Martin Tony W $147,600
Closed Martin Tony W $18,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2019 03/12/19 Sold $1,645,000 -8.6% $126 / Sq Ft
02/06/2019 02/06/19 Pending -- -- --
11/09/2018 11/09/18 For Sale $1,800,000 -- $138 / 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 $6,957 $691,580 $128,350 $563,230
2024 $6,723 $691,580 $128,350 $563,230
2023 $6,745 $691,580 $128,350 $563,230
2022 $6,358 $576,320 $106,960 $469,360
2021 $5,125 $432,870 $72,000 $360,870
2020 $4,667 $406,140 $67,140 $339,000
2019 $4,253 $366,530 $60,330 $306,200
2018 $4,562 $266,040 $48,650 $217,390
2017 $3,719 $266,040 $48,650 $217,390
2016 $3,446 $233,550 $42,670 $190,880
2015 $3,055 $211,120 $43,220 $167,900
2014 $3,035 $203,490 $43,220 $160,270
2013 $1,270 $81,790 $46,260 $35,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1384942

Northwest Multiple Listing Service (NWMLS)

APN: 122401-1-186-2007