NOT LISTED FOR SALE

505 S 4th St Montesano, WA 98563

Estimated Value: $300,000 - $382,029

-- Bed
-- Bath
1,332 Sq Ft
$269/Sq Ft Est. Value

Last Sold November 02, 2023

Last sale price $369,300 $277 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,236/month

5 Days on Market

Highlights

  • No HOA
  • Vinyl Plank Flooring
  • Property is in very good condition
  • Patio
  • Baseboard Heating
  • 4-minute walk to Triangle Park

About This Home

As of November 2023

Start cash flowing immediately, two houses for the price of one! This immaculately kept duplex has the BEST long term tenants around. The main house offers a two bedroom, remodeled bathroom, front porch and its own washer and dryer hookups. The back house has a single bedroom with its own washer and dryer hookups, beautifully remodeled bathroom with heated floors and outdoor patio space. In the alley there is a two car carport with two other additional parking spaces. All of this is in the heart of the much desired town of Montesano. The windows, roof and siding have all been updated and in great shape!

Last Agent to Sell the Property

Rikki Roberts

CENTURY 21 Real Estate Center License #127401 Listed on: 09/30/2023

Last Buyer's Agent

Rikki Roberts

CENTURY 21 Real Estate Center License #127401 Listed on: 09/30/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2167406

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,852

Year Built

  • Built in 1905

Lot Details

  • 4,000 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1,332 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Montesano Jr-Sr High Middle School
  • Montesano Jr-Sr High School

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Montesano Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072201200801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,852

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1905
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1332
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2.5
  • Special Features: None
  • Cumulative Days on Market: 350

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Post & Block
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: GH PUD
  • SewerCompany: City of Montesano
  • WaterCompany: City of Montesano
  • WaterSewerGarbage: 2160

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Montesano
  • High School: Montesano Jr-Sr High
  • Middle Or Junior School: Montesano Jr-Sr High

Lot Info

  • Parcel Number: 072201200801
  • Lot Size Acres: 0.0918
  • Lot Size Sq Ft: 4000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.8
  • LeasedItems: None
  • TotalMonthlyIncome: 2200

Multi Family

  • Gross Scheduled Income: 26400
  • Net Operating Income: 21088
  • Number Of Units Total: 2
  • Insurance Expense: 1300
  • Leasable Area: 1332
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1852

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2023
Closed on
Nov 1, 2023
Sold by
Marbut Aaryn and Rios Erik
Bought by
Benjamin Dean Nelson
Seller's Agent
Rikki Roberts
CENTURY 21 Real Estate Center
Buyer's Agent
Rikki Roberts
CENTURY 21 Real Estate Center
List Price
$365,000
Sold Price
$369,300
Premium/Discount to List
$4,300
1.18%
Views
8
Current Estimated Value
$373,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,836
Avg. Annual Appreciation
2.94%
Original Mortgage
$251,510
Outstanding Balance
$247,968
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$140,970

Purchase Details

Listed on
Jul 27, 2022
Closed on
Jul 21, 2022
Sold by
Diane Pinkers
Bought by
Marbut Aaryn and Rios Erik
Buyer's Agent
Sean Robles
Oly Pen Real Estate
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.08%
Original Mortgage
$196,377
Interest Rate
5.81%
Mortgage Type
FHA

Purchase Details

Listed on
May 6, 2016
Closed on
Mar 23, 2017
Sold by
Reeves Michael A and Reeves Pamela K
Bought by
Pinkers Diane
Seller's Agent
Debora Wood
Price & Price Realty, Inc. PS
Buyer's Agent
Sean Robles
Oly Pen Real Estate
List Price
$139,900
Sold Price
$107,000
Premium/Discount to List
-$32,900
-23.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.50%
Original Mortgage
$80,250
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2007
Sold by
Northbank Investments Llc
Bought by
Reeves Michael and Reeves Pamela
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
Benjamin Dean Nelson $359,300 Coast Title
Marbut Aaryn -- Chicago Title
Pinkers Diane $107,000 Coast Title
Reeves Michael -- Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benjamin Dean Nelson $251,510
Previous Owner Marbut Aaryn $196,377
Previous Owner Pinkers Diane $80,250
Previous Owner Reeves Michael A $81,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2023 11/02/23 Sold $369,300 +1.2% $277 / Sq Ft
10/05/2023 10/05/23 Pending -- -- --
09/30/2023 09/30/23 For Sale $365,000 +82.5% $274 / Sq Ft
07/27/2022 07/27/22 Sold $200,000 0.0% $150 / Sq Ft
07/27/2022 07/27/22 For Sale $200,000 +86.9% $150 / Sq Ft
04/07/2017 04/07/17 Sold $107,000 -17.6% $80 / Sq Ft
03/08/2017 03/08/17 Price Changed $129,900 0.0% $98 / Sq Ft
01/26/2017 01/26/17 Pending -- -- --
11/17/2016 11/17/16 Price Changed $129,900 -7.1% $98 / Sq Ft
05/06/2016 05/06/16 For Sale $139,900 -- $105 / 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 $3,059 $330,880 $35,040 $295,840
2023 $2,972 $204,255 $35,040 $169,215
2022 $1,851 $177,746 $20,608 $157,138
2021 $1,590 $177,746 $20,608 $157,138
2020 $1,490 $133,638 $18,400 $115,238
2019 $1,280 $120,762 $16,000 $104,762
2018 $1,083 $113,002 $16,000 $97,002
2017 $973 $75,057 $16,000 $59,057
2016 $938 $72,245 $16,000 $56,245
2014 -- $70,730 $16,000 $54,730
2013 -- $72,685 $16,000 $56,685
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2167406

Northwest Multiple Listing Service (NWMLS)

APN: 072201200801