Listed by Fathom Realty WA LLC, Bought with RSVP Brokers ERA
NOT LISTED FOR SALE

41 E Falls Place Belfair, WA 98528

Estimated Value: $570,518 - $606,000

3 Beds
1 Bath
2,796 Sq Ft
$210/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $525,000 $188 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,501/month

6 Days on Market

Highlights

  • RV Access or Parking
  • Cul-De-Sac
  • Ceramic Tile Flooring
  • Deck
  • Patio
  • Property is in very good condition

About This Home

As of February 2022

Welcome to unequaled value with private beachfront access on the coveted Hood Canal. Below market rent offers excellent Investor upside, 1031 opportunity -OR- perfect for low/no down payment FHA / VA Owner Occupant living while other side pays your mortgage! Tucked within the highly desired, private gated community of Twanoh Falls Beach Club. You'll love indulging in northwest's beauty while relaxing in the waterfront cabana or picnic areas, enjoy some playground fun, take a dip in swim area or dock your watercraft along the ~450 ft of no bank natural waterway. Updates throughout include: New Roof, New Septic, Kitchen Cabinets, Counters, Windows, Lights, Refinished Vaulted Ceilings, Paint, Appliances, Floors, Bathrooms, Shop/Shed & Carport.

Last Agent to Sell the Property

Rance Cockerham

Fathom Realty WA LLC License #24015149 Listed on: 01/19/2022

Fathom Realty WA LLC

Last Buyer's Agent

Linda Alexander

RSVP Brokers ERA License #114438

RSVP Brokers ERA

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1879983

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,325

Year Built

  • Built in 1967

Lot Details

  • 0.27 Acre Lot
  • Cul-De-Sac
  • Property is in very good condition

HOA Fees

  • $31 Monthly HOA Fees

Home Design

  • Duplex
  • Block Foundation
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,796 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

  • Belfair Elementary School
  • Hawkins Mid Middle School
  • North Mason Snr High School

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Twanoh Subdivision

Listing and Financial Details

  • Assessor Parcel Number 222215300067

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,325

Year Built

Built in 1967

Lot Details

0

HOA Fees

$31 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2796
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Block, Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric, Wood
  • PowerCompany: Mason PUD-3
  • SewerCompany: Septic (OSS)
  • WaterCompany: Twanoh Falls Beach Club
  • CableConnected: Wave
  • InternetConnected: Wave

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 370
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: North Mason #403
  • High School: North Mason Snr High
  • Middle Or Junior School: Hawkins Mid

Lot Info

  • Parcel Number: 222215300067
  • Lot Size Acres: 0.27
  • Lot Size Sq Ft: 11761
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Outbuildings,Patio,RV Parking,Shop
  • MLSLotSizeSource: County
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 6.6
  • LeasedItems: None
  • TotalMonthlyIncome: 1225

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1325

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 1044
  • EnergySource: Electric,Wood
  • UnitsBelowGrade: true

MLS Schools

  • Elementary School: Belfair Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 25, 2022
Sold by
Merritt Tracy
Bought by
Martens Julia M
Seller's Agent
Rance Cockerham
Fathom Realty WA LLC
Buyer's Agent
Linda Alexander
RSVP Brokers ERA
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$586,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,630
Avg. Annual Appreciation
2.99%

Purchase Details

Closed on
Feb 8, 2017
Sold by
Myers Joseph J and Myers April S
Bought by
Merritt Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.32%
Mortgage Type
VA

Purchase Details

Closed on
Jan 5, 2007
Sold by
Hartman Robert E and Hartman Ruh Fougere
Bought by
Myers Joseph J and Myers April S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2005
Sold by
Cameron Ken R
Bought by
Hartman Robert E and Hartman Ruth Fougere

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,915
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martens Julia M -- New Title Company Name
Merritt Tracy $240,280 Land Title Co
Myers Joseph J $2,700,000 Mason County Title Ins Co
Hartman Robert E $224,350 Mason County Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merritt Tracy $240,000
Previous Owner Myers Joseph J $216,000
Previous Owner Hartman Robert E $201,915
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2022 02/28/22 Sold $525,000 0.0% $188 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $525,000 -- $188 / 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 $4,766 $589,145 $36,100 $553,045
2023 $4,766 $461,180 $34,235 $426,945
2022 $2,662 $315,985 $34,170 $281,815
2021 $1,342 $315,985 $34,170 $281,815
2020 $1,195 $253,280 $34,170 $219,110
2018 $2,137 $172,770 $30,290 $142,480
2017 $1,917 $182,300 $30,470 $151,830
2016 $2,689 $167,045 $29,020 $138,025
2015 $2,629 $236,960 $35,600 $201,360
2014 -- $228,285 $37,200 $191,085
2013 -- $220,925 $36,000 $184,925
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1879983

Northwest Multiple Listing Service (NWMLS)

APN: 22221-53-00067