Listed by Keller Williams Realty PS, Bought with Keller Williams South Sound
NOT LISTED FOR SALE

403 N 3rd St Shelton, WA 98584

Estimated Value: $412,000 - $508,000

9 Beds
2 Baths
2,976 Sq Ft
$152/Sq Ft Est. Value

Sale Details

Date Sold: June 18, 2024

Last sale price $492,000 $165 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,746 / mo

329 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • No HOA
  • Territorial View
  • Corner Lot
  • Patio

About This Home

As of June 2024

Zoned Commercial/Residential - Vally, current use approved. Home has 10 bedrooms currently rented as individual residences. Each unit rents for $900-1000/mo. Can also be rented as office spaces. Electrical recently updated. Hardwood floors throughout. Large kitchen w/ plenty of storage. Great corner lot location. Covered deck. Detached garage, plus carport, & adjacent storage area - possible value add opportunity w/ addition of coin laundry/storage rental. Walking distance to grocery stores, restaurants, hospital, & transit station. More profitable & less management than STR/AirBNB! Opportunity to own a piece of Shelton's history, 1901 Victorian built by Sol Simpson

Last Agent to Sell the Property

Susan Volz

Keller Williams Realty PS License #23621 Listed on: 05/31/2023

Keller Williams Realty PS

Co-Listed By

Ryan Ward

Pellego, Inc. License #76720

Last Buyer's Agent

Emma Kowalski

Keller Williams South Sound License #137072

Keller Williams South Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2075300

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,283

Year Built

  • Built in 1901

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 100' x 59'
  • Corner Lot
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,976 Sq Ft Home
  • 2-Story Property
  • Territorial Views
  • Stove

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Downtown Condos
  • Shelton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 320195101008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,283

Year Built

Built in 1901

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1901
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Downtown
  • New Construction: No
  • CalculatedSquareFootage: 2976
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Ceramic Tile, Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Stove/Free Standing
  • Heating Yn: Yes
  • PowerCompany: PUD 3
  • SewerCompany: City of Shelton
  • WaterCompany: City of Shelton
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 1

Schools

  • Junior High Dist: Shelton

Lot Info

  • Parcel Number: 320195101008
  • Lot Size Acres: 0.14
  • Lot Size: 100' x 59'
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet,Outbuildings,Patio,Shop
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • GrossRentMultiplier: 5
  • LeasedItems: None
  • TotalMonthlyIncome: 9200

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2283

Multi Family

  • Number Of Units Total: 10
  • Electric Expense: 2998
  • EnergySource: Electric,Wood
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2023
Closed on
Jul 8, 2024
Sold by
Mitchell James
Bought by
Rose Haven Shelton Wa Llc
Seller's Agent
Susan Volz
Keller Williams Realty PS
Buyer's Agent
Emma Kowalski
Keller Williams South Sound
List Price
$485,000
Sold Price
$492,000
Premium/Discount to List
$7,000
1.44%
Views
152
Current Estimated Value
$451,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,798
Avg. Annual Appreciation
-4.64%
Original Mortgage
$412,200
Outstanding Balance
$406,070
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$45,132

Purchase Details

Listed on
May 31, 2023
Closed on
Jun 15, 2024
Sold by
Benjamin Kenneth and Benjamin Dana
Bought by
Mitchell James
Seller's Agent
Susan Volz
Keller Williams Realty PS
Buyer's Agent
Emma Kowalski
Keller Williams South Sound
List Price
$485,000
Sold Price
$492,000
Premium/Discount to List
$7,000
1.44%
Views
152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,200
Outstanding Balance
$406,070
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$45,132

Purchase Details

Listed on
May 31, 2023
Closed on
Jun 6, 2024
Sold by
Blakeney-Mitchell Krista and Mitchell James
Bought by
Mitchell James
Seller's Agent
Susan Volz
Keller Williams Realty PS
Buyer's Agent
Emma Kowalski
Keller Williams South Sound
List Price
$485,000
Sold Price
$492,000
Premium/Discount to List
$7,000
1.44%
Views
152

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,200
Outstanding Balance
$406,070
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$45,132
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Rose Haven Shelton Wa Llc -- None Listed On Document
Mitchell James $492,000 Land Title
Mitchell James $492,000 Land Title
Mitchell James -- Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell James $412,200
Closed Mitchell James $412,200
Closed Mitchell James $412,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2024 06/18/24 Sold $492,000 +1.4% $165 / Sq Ft
04/24/2024 04/24/24 Pending -- -- --
03/31/2024 03/31/24 For Sale $485,000 0.0% $163 / Sq Ft
10/08/2023 10/08/23 Pending -- -- --
09/11/2023 09/11/23 Price Changed $485,000 -3.0% $163 / Sq Ft
06/23/2023 06/23/23 For Sale $499,950 0.0% $168 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $499,950 -- $168 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $4,044 $416,780 $46,765 $370,015
2023 $4,044 $353,715 $39,365 $314,350
2022 $3,397 $271,695 $37,135 $234,560
2021 $2,283 $271,695 $37,135 $234,560
2020 $328 $239,585 $40,365 $199,220
2018 $1,556 $108,420 $63,750 $44,670
2017 $1,582 $108,420 $63,750 $44,670
2016 $1,556 $102,440 $63,750 $38,690
2015 $1,513 $102,440 $63,750 $38,690
2014 -- $98,290 $60,000 $38,290
2013 -- $108,100 $56,250 $51,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2075300

Northwest Multiple Listing Service (NWMLS)

APN: 32019-51-01008

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