Listed by North Pacific Properties, Bought with Crescent Realty powered by KW
NOT LISTED FOR SALE

40 E Hemlock Ct Shelton, WA 98584

Estimated Value: $421,000 - $717,000

8 Beds
4 Baths
3,536 Sq Ft
$161/Sq Ft Est. Value

Last Sold July 27, 2021

Last sale price $634,000 $179 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $3,489/month

8 Days on Market

Highlights

  • Cul-De-Sac
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of July 2021

Great investment opportunity with this clean, well maintained 4-plex in Oak Park. Parcel consists of 2, 2-unit, 2 bedroom, 1 bath duplexes. All of the units have washer/dryer hookups. Three of the four units are not currently rented at market rents and expenses are low. New metal roof 3 years ago and exterior recently painted. Units have efficient floor plan, nice yards, individual carports on cul-de-sac.

Last Agent to Sell the Property

Jill McKnight

North Pacific Properties License #26204 Listed on: 05/31/2021

North Pacific Properties

Last Buyer's Agent

Brad Huggler

Crescent Realty powered by KW License #7745

Crescent Realty powered by KW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1783472

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,921

Year Built

  • Built in 1973

Lot Details

  • 0.26 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Block Foundation
  • Metal Roof
  • Stucco

Interior Spaces

  • 3,536 Sq Ft Home
  • 1-Story Property

Parking

  • 10 Parking Spaces
  • Open Parking

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Oak Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 320055000005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,921

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1973
  • Buyer Agency Compensation: 2.50
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3536
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Metal
  • Lot Features: Cul-De-Sac
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Block
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Septic Tank
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • WaterSewerGarbage: 2400

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Shelton
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 320055000005
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11326
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 4100

Multi Family

  • Gross Scheduled Income: 49200
  • Net Operating Income: 41741
  • Number Of Units Total: 4
  • Insurance Expense: 1138
  • Leasable Area: 3536
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 3921

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2021
Closed on
Jul 15, 2021
Sold by
Rhoades Timothy and Hunter Andrew
Bought by
Webber Jason H and Kanick Erica
Seller's Agent
Jill McKnight
North Pacific Properties
Buyer's Agent
Brad Huggler
Crescent Realty powered by KW
List Price
$648,000
Sold Price
$634,000
Premium/Discount to List
-$14,000
-2.16%
Current Estimated Value
$568,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,859
Avg. Annual Appreciation
-2.58%
Original Mortgage
$507,200
Outstanding Balance
$460,416
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$107,725

Purchase Details

Closed on
Jul 13, 2018
Sold by
Sutter David
Bought by
Rhoades Timothy and Hunter Andrew

Purchase Details

Closed on
Jul 28, 2005
Sold by
Sutter Jarucha
Bought by
Sutter David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,610
Interest Rate
5.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2005
Sold by
Reno Jan and Greenfield James I
Bought by
Sutter David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,610
Interest Rate
5.46%
Mortgage Type
New Conventional
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
Webber Jason H $634,000 First American Title Ins Co
Webber Jason H $633,989 First American Title Ins Co
Rhoades Timothy $298,281 Land Title Company
Sutter David -- First American Title
Sutter David $226,880 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Webber Jason H $507,200
Closed Webber Jason H $507,200
Previous Owner Sutter David $192,610
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2021 07/27/21 Sold $634,000 -2.2% $179 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
05/31/2021 05/31/21 For Sale $648,000 -- $183 / 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 $5,828 $562,045 $61,105 $500,940
2023 $5,828 $527,565 $42,140 $485,425
2022 $5,288 $445,470 $49,000 $396,470
2021 $4,386 $445,470 $49,000 $396,470
2020 $3,680 $338,335 $49,000 $289,335
2018 $4,949 $313,725 $28,800 $284,925
2017 $4,001 $313,725 $28,800 $284,925
2016 $3,661 $280,060 $28,800 $251,260
2015 $3,405 $263,605 $28,800 $234,805
2014 -- $239,830 $25,600 $214,230
2013 -- $243,570 $27,200 $216,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1783472

Northwest Multiple Listing Service (NWMLS)

APN: 32005-50-00005