Listed by Great Northwest Real Estate
NOT LISTED FOR SALE

3533 Chico Way NW Bremerton, WA 98312

Kitsap Lake Neighborhood

Estimated Value: $2,834,000

-- Bed
-- Bath
8,897 Sq Ft
$319/Sq Ft Est. Value

Last Sold January 10, 2022

Last sale price $2,460,000 $276 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $15,548/month

102 Days on Market

Highlights

  • 1.18 Acre Lot
  • Wood Siding
  • Wall to Wall Carpet
  • Deck

About This Home

As of January 2022

Back on market better than ever with new and newer/updated roofing, exterior paint and updated units. Rents increasing and storage units getting filled! Twelve units on two tax parcels not counting the 6 storage units. And there is room for additional commercial property. Coffee drive-thru? More storage units? Buyer to verify potential. All the residential units have been very well maintained and updated throughout the years. Location helps keep vacancy extremely low. Close to all the bases, shopping, medical, schools, dining, golf, highway and ferries. Each unit has its own laundry area. Call for more information. Do not disturb tenants.

Last Agent to Sell the Property

Joan Taie

Great Northwest Real Estate License #25775 Listed on: 07/12/2021

Co-Listed By

Jacob Bollinger

Great Northwest Real Estate License #21015668

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1806039

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,317

Year Built

  • Built in 1967

Lot Details

  • 1.18 Acre Lot
  • Property is in good condition

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 8,897 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 26 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Chico Subdivision

Listing and Financial Details

  • Assessor Parcel Number 05240131072008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,317

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 8897
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: VirtualTour
  • Cumulative Days on Market: 505

Interior Features

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

Exterior Features

  • Roof: Composition, See Remarks
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 25
  • Open Parking: Yes
  • Total Parking Spaces: 26
  • ParkingUncoveredSpaces: 25

Utilities

  • Sewer: Available, Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Erlands Point
  • WaterSewerGarbage: 6046

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bremerton #100c
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 05240131072008
  • Lot Size Acres: 1.18
  • Lot Size Sq Ft: 51401
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Outbuildings
  • MLSLotSizeSource: appraisal
  • ZoningJurisdiction: County
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 15839

Multi Family

  • Gross Scheduled Income: 188868
  • Net Operating Income: 160679
  • Number Of Units Total: 12
  • Electric Expense: 177
  • Insurance Expense: 5760
  • Leasable Area: 8722
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 14317
  • AdditionalTaxIds: 05240131062009

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2021
Closed on
Jan 6, 2022
Sold by
Dms Enterprises Llc and Dms Enterprises 2 Llc
Bought by
Chico Way Apartments Llc
Seller's Agent
Joan Taie
Great Northwest Real Estate
List Price
$2,500,000
Sold Price
$2,460,000
Premium/Discount to List
-$40,000
-1.6%
Current Estimated Value
$2,834,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,000
Avg. Annual Appreciation
4.03%
Original Mortgage
$1,950,000
Outstanding Balance
$1,801,068
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$1,032,932
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
Chico Way Apartments Llc -- New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chico Way Apartments Llc $1,950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Sold $2,460,000 -1.4% $276 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
10/02/2021 10/02/21 Price Changed $2,495,000 -0.2% $280 / Sq Ft
07/12/2021 07/12/21 For Sale $2,500,000 -- $281 / 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 $1,267 $137,670 $131,650 $6,020
2024 $1,233 $137,670 $131,650 $6,020
2023 $1,236 $137,370 $131,650 $5,720
2022 $1,402 $137,370 $131,650 $5,720
2021 $1,031 $95,840 $95,840 $0
Source: Public Records

Agents Affiliated with this Home

  • Joan Taie

    Seller's Agent in 2022

    Joan Taie

    Great Northwest Real Estate

    (360) 731-7885

    1 in this area

    54 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jacob Bollinger

    Great Northwest Real Estate

    (360) 876-5522

    1 in this area

    2 Total Sales

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1806039

Northwest Multiple Listing Service (NWMLS)

APN: 052401-3-106-2009

Washington Kitsap County Bremerton 98312 Kitsap Lake

3533 Chico Way NW, Bremerton, WA

This home is located at 3533 Chico Way NW, Bremerton, WA 98312 since 12 July 2021 and is currently estimated at $2,834,000, approximately $318 per square foot. This property was built in 1967. 3533 Chico Way NW is a home located in Kitsap County with nearby schools including Silverdale Elementary School, Klahowya Secondary School, and Crosspoint Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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