Listed by John L. Scott, Inc.
NOT LISTED FOR SALE

523 Dr Ml King Way Bremerton, WA 98337

Estimated Value: $353,000 - $395,926

-- Bed
2 Baths
1,716 Sq Ft
$220/Sq Ft Est. Value

Last Sold May 27, 2021

Last sale price $335,000 $195 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,306/month

5 Days on Market

Highlights

  • Wood Flooring
  • Property is Fully Fenced
  • 1-Story Property

About This Home

As of May 2021

Don't let this one pass you by! Great 1st time home buyer house with detached studio/rental in back to help pay your mortgage. Awesome opportunity for investors with 2 homes on 1 tax parcel. Close to Pacific Ave. Walk-able to Seattle ferry, PSNS, bars/restaurants and shops. Front house has 3 beds/1 bath, new gas furnace, unfinished basement and new comp roof. Studio is a legal Additional Dwelling Unit with new comp roof & wall heaters.

Last Agent to Sell the Property

Kelly Ham

John L. Scott, Inc. License #118917 Listed on: 04/21/2021

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1750969

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,309

Year Built

  • Built in 1918

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 97x40
  • Property is Fully Fenced

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Stucco
  • Wood Composite

Interior Spaces

  • 1,716 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Schools

  • Naval Avenue Elementary School
  • Mtn View Mid Middle School
  • Bremerton High School

Utilities

  • Cable TV Available

Community Details

  • West Bremerton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 13240131812007
  • Tax Block 2017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,309

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1918
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1716
  • Special Features: VirtualTour
  • Cumulative Days on Market: 369

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected, Wood
  • PowerCompany: PSE
  • SewerCompany: City of Bremerton
  • WaterCompany: City of Bremerton
  • WaterSewerGarbage: 1375

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bremerton #100c
  • High School: Bremerton High
  • Middle Or Junior School: Mtn View Mid

Lot Info

  • Parcel Number: 13240131812007
  • Lot Size Acres: 0.09
  • Lot Size: 97X40
  • Lot Size Sq Ft: 3920
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available
  • MLSLotSizeSource: County records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric, Natural Gas, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2300

Multi Family

  • Gross Scheduled Income: 27600
  • Number Of Units Total: 2
  • Insurance Expense: 550
  • Leasable Area: 1716
  • EnergySource: Electric,Natural Gas,Wood
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2309

MLS Schools

  • Elementary School: Naval Avenue Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2021
Closed on
May 19, 2021
Sold by
Scheel Scott C and Scheel Teah Alexandra
Bought by
Gordon Michael and Hoerig Jennifer
Seller's Agent
Kelly Ham
John L. Scott, Inc.
List Price
$330,000
Sold Price
$335,000
Premium/Discount to List
$5,000
1.52%
Total Days on Market
5
Current Estimated Value
$376,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,732
Avg. Annual Appreciation
3.35%
Original Mortgage
$268,000
Outstanding Balance
$245,610
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$140,062

Purchase Details

Closed on
Feb 14, 1997
Sold by
The Mckinney Trust and Mckinney Eileen V
Bought by
Stewart Erik T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,800
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 1996
Sold by
Mcintyre Klea Louise
Bought by
Scheel Scott C and Scheel Teona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,200
Interest Rate
7.87%
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
Gordon Michael $335,000 Pacific Northwest Ttl Silver
Stewart Erik T $88,000 Land Title Co
Scheel Scott C $66,000 Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gordon Michael $268,000
Previous Owner Stewart Erik T $87,800
Previous Owner Scheel Scott C $46,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2021 05/27/21 Sold $335,000 +1.5% $195 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $330,000 -- $192 / 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 $3,089 $350,160 $75,710 $274,450
2024 $2,981 $350,160 $75,710 $274,450
2023 $3,081 $350,160 $75,710 $274,450
2022 $2,861 $292,340 $63,090 $229,250
2021 $2,488 $232,650 $47,660 $184,990
2020 $2,309 $215,670 $44,100 $171,570
2019 $1,991 $192,730 $39,370 $153,360
2018 $2,068 $131,080 $29,600 $101,480
2017 $1,717 $131,080 $29,600 $101,480
2016 $1,601 $115,700 $25,960 $89,740
2015 $1,417 $101,840 $28,240 $73,600
2014 -- $97,390 $28,240 $69,150
2013 -- $103,920 $29,810 $74,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1750969

Northwest Multiple Listing Service (NWMLS)

APN: 132401-3-181-2007