Listed by RE/MAX Parkside Affiliates, Bought with Matt Peters Real Estate
NOT LISTED FOR SALE

512 W Marcy Ave Montesano, WA 98563

Estimated Value: $150,809 - $275,000

2 Beds
2 Baths
820 Sq Ft
$258/Sq Ft Est. Value

Last Sold May 17, 2018

Last sale price $90,000 $110 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $1,239/month

62 Days on Market

Highlights

  • City View
  • Patio
  • Wood Siding
  • Thermal Windows
  • High Speed Internet
  • 4-minute walk to Fleet Park

About This Home

As of May 2018

Well kept duplex close to downtown Montesano! Perfect opportunity for an owner occupant or savvy investor looking for a solid return on their investment! 1 bed, 1 bath units with cute kitchens and cozy living rooms! Gas heaters keep the units nice and toasty in the winter! Plenty of off street parking for tenants, and nice backyard for enjoying some sun in the summer! Well over a 7% cap rate! Don't miss out on this opportunity to own a hard-to-find Montesano income property!!

Last Agent to Sell the Property

Kyle Schrader

RE/MAX Parkside Affiliates License #122699 Listed on: 02/21/2018

RE/MAX Parkside Affiliates

Last Buyer's Agent

Matt Peters

Matt Peters Real Estate License #26795

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1250616

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $806

Year Built

  • Built in 1949

Lot Details

  • 6,435 Sq Ft Lot
  • Property is in average condition

Property Views

  • City
  • Territorial

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Montesano Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072200900200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$806

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1949
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: City, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Block
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: GH PUD
  • SewerCompany: City of Montesano
  • WaterCompany: City of Montesano

Schools

  • Junior High Dist: Montesano

Lot Info

  • Parcel Number: 072200900200
  • Lot Size Acres: 0.1477
  • Lot Size Sq Ft: 6435
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 12000

Tax Info

  • Year: 2017
  • Tax Annual Amount: 806

Multi Family

  • Number Of Units Total: 2
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
May 11, 2018
Sold by
Mlhok Terry A
Bought by
Wylie Terry Shawn and Wylie Aileen Lee
Seller's Agent
Kyle Schrader
RE/MAX Parkside Affiliates
Buyer's Agent
Matt Peters
Matt Peters Real Estate
List Price
$109,900
Sold Price
$90,000
Premium/Discount to List
-$19,900
-18.11%
Current Estimated Value
$211,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,452
Avg. Annual Appreciation
12.13%

Purchase Details

Closed on
Aug 4, 2006
Sold by
Ryder James and Ryder Susan
Bought by
Mihok Terry A
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
Wylie Terry Shawn $90,000 Pacific Title
Mihok Terry A $140,000 Coast Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2018 05/17/18 Sold $90,000 -18.1% $110 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $109,900 0.0% $134 / Sq Ft
03/25/2018 03/25/18 Pending -- -- --
03/15/2018 03/15/18 Price Changed $109,900 -8.3% $134 / Sq Ft
02/27/2018 02/27/18 For Sale $119,900 -- $146 / 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 $1,582 $171,080 $56,371 $114,709
2023 $1,537 $148,030 $56,371 $91,659
2022 $1,280 $118,270 $33,153 $85,117
2021 $1,096 $118,270 $33,153 $85,117
2020 $1,019 $92,139 $29,601 $62,538
2019 $888 $82,592 $25,740 $56,852
2018 $889 $78,381 $25,740 $52,641
2017 $806 $61,561 $25,740 $35,821
2016 $781 $59,855 $25,740 $34,115
2014 -- $58,880 $25,740 $33,140
2013 -- $60,185 $25,740 $34,445
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1250616

Northwest Multiple Listing Service (NWMLS)

APN: 072200900200