NOT LISTED FOR SALE

5226 Reid Dr NW Unit 1/2 Gig Harbor, WA 98335

Estimated Value: $714,337 - $842,000

5 Beds
2 Baths
2,584 Sq Ft
$299/Sq Ft Est. Value

Last Sold April 05, 2016

Last sale price $318,000 $123 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $4,814/month

3 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Property is in very good condition
  • Harbor Heights Elementary School Rated A-
  • Patio
  • Partially Fenced Property

About This Home

As of April 2016

Spectacular location, close to HWY 16, Uptown, & the waterfront. 3 bedrooms, 1.75 bathrooms, in unit A and 2 bedrooms, 1 bathroom in unit B. Two vehicle carport with storage. Newer paint, & all windows & sliders have been updated to vinyl. Both the heat pump & furnace were replaced in 2008. Extremely low maintenance, with mature, natural landscaping. Awesome long-term tenants!

Last Agent to Sell the Property

Julia Runyan

RE/MAX Exclusive License #6074 Listed on: 02/05/2016

RE/MAX Exclusive

Co-Listed By

Haley Berglund

RE/MAX Exclusive License #119910

Last Buyer's Agent

Home in The Harbor

Windermere Prof Partners License #5295

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 890113

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,127

Year Built

  • Built in 1974

Lot Details

  • 0.51 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Corner Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,584 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio

Schools

  • Harbor Heights Elementary School
  • Goodman Mid Middle School
  • Gig Harbor High School

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Gig Harbor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0221174064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,127

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1974
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2584
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 271

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Natural Gas Available, Septic System, Electric, Natural Gas Connected
  • PowerCompany: Peninsula
  • SewerCompany: Septic
  • WaterCompany: Rainierview
  • WaterSewerGarbage: 540

Schools

  • Junior High Dist: Peninsula
  • High School: Gig Harbor High
  • Middle Or Junior School: Goodman Mid

Lot Info

  • Parcel Number: 0221174064
  • Lot Size Acres: 0.5142
  • Lot Size Sq Ft: 22400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Patio,RV Parking
  • MLSLotSizeSource: Public record
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 22500
  • Net Operating Income: 18033
  • Number Of Units Total: 6
  • Insurance Expense: 800
  • Leasable Area: 2584
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3127

MLS Schools

  • Elementary School: Harbor Heights Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2016
Closed on
Apr 2, 2016
Sold by
Bbird Llc
Bought by
Haug Asset Management Llc
Seller's Agent
Julia Runyan
RE/MAX Exclusive
Buyer's Agent
Home in The Harbor
Windermere Prof Partners
List Price
$325,000
Sold Price
$318,000
Premium/Discount to List
-$7,000
-2.15%
Total Days on Market
3
Current Estimated Value
$771,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$453,584
Avg. Annual Appreciation
9.99%

Purchase Details

Closed on
Sep 29, 2008
Sold by
Kelley William J and Rimel Nancy E
Bought by
Price William and Price Berrit L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,150
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2007
Sold by
Rimel Nancy E and Rimel Nancy Elizabeth
Bought by
Nerk Properties Llc

Purchase Details

Closed on
Aug 27, 2003
Sold by
Hillman Lorraine L
Bought by
Rimel Nancy Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,200
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 1993
Sold by
Reher Ronald F
Bought by
Hillman Wesley E and Hillman Lorraine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.75%
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 Buyer Sale Price Title Company
Haug Asset Management Llc $317,719 Wfg National Title Company
Price William $384,500 Chicago Title Insurance Co
Kelley William J -- Chicago Title Insurance Co
Nerk Properties Llc -- None Available
Rimel Nancy Elizabeth $239,000 Rainier Title Company
Hillman Wesley E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Price William G $256,628
Previous Owner Price William $269,150
Previous Owner Rimel Nancy Elizabeth $191,200
Previous Owner Hillman Wesley E $105,000
Closed Rimel Nancy Elizabeth $23,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2016 04/05/16 Sold $318,000 -2.2% $123 / Sq Ft
02/09/2016 02/09/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $325,000 -- $126 / 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
2024 $5,936 $644,600 $305,200 $339,400
2023 $5,936 $613,300 $290,300 $323,000
2022 $5,249 $610,000 $297,700 $312,300
2021 $4,925 $438,800 $201,000 $237,800
2019 $3,960 $390,700 $169,200 $221,500
2018 $3,390 $360,100 $150,800 $209,300
2017 $3,390 $325,900 $128,700 $197,200
2016 $3,127 $262,400 $94,900 $167,500
2014 $2,721 $251,000 $91,900 $159,100
2013 $2,721 $226,700 $84,600 $142,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 890113

Northwest Multiple Listing Service (NWMLS)

APN: 022117-4064