Listed by Coldwell Banker Bain
$785,000
SOLD MAY 17, 2021

4751 SE Horstman Rd Port Orchard, WA 98366

-- Bed
-- Bath
4,800 Sq Ft
1.46 Acres

Recently Sold

$164 Per Sq Ft

5% Above List Price

15 Days on Market

Highlights

  • Greenhouse
  • Mountain View
  • Wood Flooring
  • RV Access or Parking
  • Deck
  • Patio

About This Home

As of November 2023

Great 4-plex investment opportunity in Port Orchard on 1.46 sprawling acres with incredible Olympic Mtn views.Owner can live in 1 unit and have renters pay the mortgage. 2 units-2 Bd, 1 Ba,& 2 units-1 Bd,1Ba.All units have fireplaces.3 Natural gas fireplace inserts,Radiant ceiling and wall heat.2 shared laundry rms w/washer/dryer.Easy to maintain vinyl siding and metal roof.Patios on lower units/decks on upper units.Nicely maintained property,seller just moved out of unit D.Bldg supplied by Manchester water.Well used for irrigation only.Large lawn area,fruit trees,chicken coop,greenhouse,garden space,2 outbuildings for workshop/storage.Lots of parking space with two driveways for access.10 min to Southworth-Seattle fast ferry!

Last Agent to Sell the Property

Richard Kemp

Coldwell Banker Bain License #2853 Listed on: 04/21/2021

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1759699

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,600

Year Built

  • Built in 1976

Lot Details

  • 1.46 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property

Flooring

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

Parking

  • 10 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Greenhouse
  • Outbuilding

Schools

  • Orchard Heights Elementary School
  • Marcus Whitman Jnr H Middle School
  • So. Kitsap High School

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Port Orchard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30240210212003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,600

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 2 1/2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4800
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 371

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Metal
  • View: Mountain(s), See Remarks, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Septic Tank
  • Water Source: Public, See Remarks
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Septic System, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Manchester
  • WaterSewerGarbage: 1080

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: South Kitsap
  • High School: So. Kitsap High
  • Middle Or Junior School: Marcus Whitman Jnr H

Lot Info

  • Parcel Number: 30240210212003
  • Lot Size Acres: 1.46
  • Lot Size Sq Ft: 63598
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,Green House,High Speed Internet,Outbuildings,Patio,RV Parking,Shop
  • MLSLotSizeSource: County
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 4100

Multi Family

  • Gross Scheduled Income: 49200
  • Net Operating Income: 39320
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 4800
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7600
  • AdditionalTaxIds: 30240210552002

MLS Schools

  • Elementary School: Orchard Heights Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2023
Closed on
Nov 15, 2023
Sold by
Fruit Tree Apt Llc
Bought by
Bobs Print Llc
Seller's Agent
Rebecca Johnson
Seabrook Real Estate Sales LLC
Buyer's Agent
Rich Bezus
John L. Scott, Inc
List Price
$995,000
Sold Price
$980,000
Premium/Discount to List
-$15,000
-1.51%
Views
4
Current Estimated Value
$1,443,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$463,000
Avg. Annual Appreciation
24.74%
Original Mortgage
$735,000
Outstanding Balance
$723,462
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$719,538

Purchase Details

Closed on
Aug 9, 2021
Sold by
Maxwell Greer Marie E and Greer Daniel T
Bought by
Fruit Tree Apt Llc

Purchase Details

Listed on
Apr 21, 2021
Closed on
May 11, 2021
Sold by
Olympic Orchard Property Management Llc
Bought by
Maxwell Greer Marie E and Greer Daniel T
Seller's Agent
Richard Kemp
Coldwell Banker Bain
List Price
$750,000
Sold Price
$785,000
Premium/Discount to List
$35,000
4.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.29%

Purchase Details

Closed on
Jul 22, 2020
Sold by
Linhart Casey James and Linhart Amy Brodbeck
Bought by
Olympic Orchard Property Management Llc

Purchase Details

Closed on
Jan 24, 2020
Sold by
Linhart Casey
Bought by
Linhart Casey and Linhart Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,750
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2019
Sold by
Linhart Casey
Bought by
Olympic Orchard Property Management Llc

Purchase Details

Listed on
Mar 5, 2018
Closed on
Mar 1, 2018
Sold by
Strand Greta Kirstin
Bought by
Linhart Casey
Buyer's Agent
Marc Kemp
Coldwell Banker Bain
List Price
$480,000
Sold Price
$480,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.85%
Original Mortgage
$384,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2015
Sold by
Strand G Kirstin and Ann C Strand Revocable Family
Bought by
Strand Greta Kirstin

Purchase Details

Closed on
May 27, 1994
Sold by
Davis Ralph E
Bought by
Libby Mark Eastman
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $980,000 Pacific Northwest Title
Quit Claim Deed -- None Available
Warranty Deed $785,000 Fidelity Natl Ttl Lynnwood
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Land Ttl Co Silverdale Submi
Quit Claim Deed -- Land Title Company
Quit Claim Deed -- None Available
Deed $480,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Personal Reps Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $735,000 New Conventional
Previous Owner $368,750 New Conventional
Previous Owner $384,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2023 11/27/23 Sold $980,000 -1.5% $204 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $995,000 +26.8% $207 / Sq Ft
05/17/2021 05/17/21 Sold $785,000 +4.7% $164 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $750,000 0.0% $156 / Sq Ft
04/25/2021 04/25/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $750,000 +56.3% $156 / Sq Ft
03/05/2018 03/05/18 Sold $480,000 0.0% $100 / Sq Ft
03/05/2018 03/05/18 For Sale $480,000 -- $100 / 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 $9,229 $1,023,080 $166,790 $856,290
2024 $8,952 $1,023,080 $166,790 $856,290
2023 $8,835 $1,016,550 $166,790 $849,760
2022 $8,806 $850,360 $133,690 $716,670
2021 $7,598 $690,420 $127,320 $563,100
2020 $6,408 $560,420 $111,440 $448,980
2019 $5,665 $541,920 $82,190 $459,730
2018 $5,528 $407,500 $82,190 $325,310
2017 $4,718 $407,500 $82,190 $325,310
2016 $4,575 $361,790 $82,190 $279,600
2015 $4,412 $353,730 $82,190 $271,540
2014 -- $348,350 $82,190 $266,160
2013 -- $348,300 $92,900 $255,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1759699

Northwest Multiple Listing Service (NWMLS)

APN: 302402-1-021-2003