Listed by Windermere RE/Aberdeen, Bought with CENTURY 21 Real Estate Center
NOT LISTED FOR SALE

407 Simpson Ave Hoquiam, WA 98550

Estimated Value: $518,640

Studio
4 Baths
4,480 Sq Ft
$116/Sq Ft Est. Value

Last Sold November 03, 2023

Last sale price $505,000 $113 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,024/month

34 Days on Market

Highlights

  • Territorial View
  • Vinyl Plank Flooring
  • High Speed Internet
  • No HOA
  • Baseboard Heating
  • 4-minute walk to Art Pocklington Memorial Park

About This Home

As of November 2023

Multi-Family and commercial opportunity located near downtown Hoquiam. This property features 3 upper units - 2 Bedroom, 1 Bath with full kitchen (stove/range, refrigerator and dishwasher), washer/dryer and vinyl plank flooring. Additional opportunity for commercial/retail space located on main floor (owner currently uses as personal office/storage). All units are metered separate for power and water. Parking lot offers 8 parking spots. 2 units are used as an Airbnb with a short term renter in the other unit. Financial numbers are based on nightly rental income and are substantially above a market (if leased on a year basis). Units will be sold fully furnished.

Last Agent to Sell the Property

Travis Jelovich

Windermere RE/Aberdeen License #25085 Listed on: 08/19/2023

Windermere RE/Aberdeen

Co-Listed By

Lori Maruska

Better Properties Grays Harbor License #21015991

Last Buyer's Agent

Tracy Mettier

CENTURY 21 Real Estate Center License #124424

CENTURY 21 Real Estate Center

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2153181

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,892

Year Built

  • Built in 1968

Lot Details

  • 7,841 Sq Ft Lot

Home Design

  • Triplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Stone Siding
  • Wood Composite

Interior Spaces

  • 4,480 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Concrete
  • Vinyl Plank
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Hoquiam Mid Middle School
  • Hoquiam High School

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • West Hoquiam Subdivision

Listing and Financial Details

  • Assessor Parcel Number 051802200203

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,892

Year Built

Built in 1968

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4480
  • Special Features: None

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Office, Retail
  • Fireplace: No
  • Flooring: Concrete, Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Concrete, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stone, Wood, Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: GH PUD
  • SewerCompany: City of Hoquiam
  • WaterCompany: City of Hoquiam

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Hoquiam
  • High School: Hoquiam High
  • Middle Or Junior School: Hoquiam Mid

Lot Info

  • Parcel Number: 051802200203
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: GH County
  • ZoningClass: Business,Commercial,Multi-Family,Office,Retail

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 6.9
  • LeasedItems: None
  • TotalMonthlyIncome: 7052

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2892

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 4284
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2024
Sold by
Lee Annie Oi Fun
Bought by
Annie Oi Fun Lee Trust and Lee
Current Estimated Value
$518,640

Purchase Details

Listed on
Aug 19, 2023
Closed on
Nov 1, 2023
Sold by
Zone Holdings Llc
Bought by
Lee Annie Oi Fun
Seller's Agent
Travis Jelovich
Windermere RE/Aberdeen
Buyer's Agent
Tracy Mettier
CENTURY 21 Real Estate Center
List Price
$585,000
Sold Price
$505,000
Premium/Discount to List
-$80,000
-13.68%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.18%
Original Mortgage
$322,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2020
Sold by
Change Mere and Csb Holdings Llc
Bought by
Zone Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2018
Sold by
Veristone Fund I Llc
Bought by
Csb Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,850
Interest Rate
4.5%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 1, 2017
Sold by
Morgan Mckinley Llc
Bought by
Veristone Fund I Llc

Purchase Details

Listed on
Feb 13, 2012
Closed on
Sep 7, 2012
Sold by
The Spot Hoquiam Llc
Bought by
Morgan Mckinley Llc
Seller's Agent
Sean Robles
Oly Pen Real Estate
List Price
$129,900
Sold Price
$126,000
Premium/Discount to List
-$3,900
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%
Original Mortgage
$75,000
Interest Rate
3.47%
Mortgage Type
Commercial
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
Annie Oi Fun Lee Trust -- None Listed On Document
Lee Annie Oi Fun $505,000 Grays Harbor Title
Zone Holdings Llc -- Grays Harbor Title
Csb Holdings Llc $110,000 Grays Harbor Title
Veristone Fund I Llc $115,000 None Available
Morgan Mckinley Llc $126,000 Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Annie Oi Fun $322,000
Previous Owner Zone Holdings Llc $190,000
Previous Owner Csb Holdings Llc $175,850
Previous Owner Morgan Mckinley Llc $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/03/2023 11/03/23 Sold $505,000 -13.7% $113 / Sq Ft
09/22/2023 09/22/23 Pending -- -- --
08/19/2023 08/19/23 For Sale $585,000 +364.3% $131 / Sq Ft
09/10/2012 09/10/12 Sold $126,000 -3.0% $28 / Sq Ft View Prior Sale
06/27/2012 06/27/12 Pending -- -- --
02/13/2012 02/13/12 For Sale $129,900 -- $29 / 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 $4,222 $448,089 $32,938 $415,151
2023 $2,830 $261,592 $32,938 $228,654
2022 $1,794 $141,188 $31,000 $110,188
2021 $1,910 $141,188 $31,000 $110,188
2020 $1,972 $141,188 $31,000 $110,188
2019 $1,588 $141,188 $31,000 $110,188
2018 $1,972 $119,151 $31,000 $88,151
2017 $1,953 $124,048 $31,000 $93,048
2016 $2,018 $128,945 $31,000 $97,945
2014 -- $134,030 $31,000 $103,030
2013 -- $134,030 $31,000 $103,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2153181

Northwest Multiple Listing Service (NWMLS)

APN: 051802200203

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