Listed by Coldwell Banker Park Shore RE, Bought with Windermere Prof Partners
NOT LISTED FOR SALE

575 6th Ave Fox Island, WA 98333

Estimated Value: $1,090,000 - $1,406,667

16 Beds
8 Baths
6,520 Sq Ft
$191/Sq Ft Est. Value

Last Sold June 20, 2014

Last sale price $545,000 $84 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $7,455/month

243 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Wood Siding
  • Voyager Elementary School Rated A-
  • High Speed Internet
  • Wall to Wall Carpet

About This Home

As of June 2014

Great opportunity to own fully occupied (do not disturb) 8-plex consisting of two 4-plexes on .75 acre lot, a block and half from the saltwater. Each unit has 2 bedrooms, one bath and a private deck. Each building has laundry room down and storage area up. Possible condo conversion, don't hesitate on this investment opportunity!

Last Agent to Sell the Property

Craig Cambell

Coldwell Banker Park Shore RE License #12315 Listed on: 09/04/2013

Coldwell Banker Park Shore RE

Last Buyer's Agent

Rob Mitchell

Windermere Prof Partners License #5351

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 540197

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,839

Year Built

  • Built in 1971

Lot Details

  • 0.75

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,520 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 12 Parking Spaces
  • Open Parking

Schools

  • Voyager Elementary School
  • Kopachuck Mid Middle School
  • Gig Harbor High School

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet

Additional Features

  • Deck
  • 0.75 Acre Lot

Community Details

  • Fox Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5875000227

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,839

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1971
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6520
  • Special Features: None
  • Cumulative Days on Market: 576

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: High Speed Internet, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Fox Island
  • WaterSewerGarbage: 2864

Schools

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

Lot Info

  • Parcel Number: 5875000227
  • Lot Size Acres: 0.75
  • Lot Size: 140XIRR
  • Lot Size Sq Ft: 32670
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 5200

Multi Family

  • Gross Scheduled Income: 62400
  • Net Operating Income: 47128
  • Number Of Units Total: 8
  • Electric Expense: 1146
  • Insurance Expense: 2595
  • Leasable Area: 6520
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2013
  • Tax Annual Amount: 4839

MLS Schools

  • Elementary School: Voyager Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2013
Closed on
Jun 16, 2014
Sold by
Mcauley Michael A and Mcauley Julie A
Bought by
Creighton & Susan Mills Family Trust
Seller's Agent
Craig Cambell
Coldwell Banker Park Shore RE
Buyer's Agent
Rob Mitchell
Windermere Prof Partners
List Price
$600,000
Sold Price
$545,000
Premium/Discount to List
-$55,000
-9.17%
Current Estimated Value
$1,243,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$698,524
Avg. Annual Appreciation
7.57%

Purchase Details

Closed on
Mar 23, 1998
Sold by
Bjork Clifford A
Bought by
Mcauley Michael A and Mcauley Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,200
Interest Rate
8.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 11, 1998
Sold by
B & E Enterprises
Bought by
Bjork Family Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,200
Interest Rate
8.12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Creighton & Susan Mills Family Trust $544,719 Cti
Mcauley Michael A $315,000 First American Title
Bjork Family Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcauley Michael A $170,000
Previous Owner Mcauley Michael A $236,200
Closed Mcauley Michael A $31,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2014 06/20/14 Sold $545,000 -9.2% $84 / Sq Ft
05/07/2014 05/07/14 Pending -- -- --
09/05/2013 09/05/13 For Sale $600,000 -- $92 / 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 $10,277 $1,125,500 $305,300 $820,200
2024 $10,277 $1,110,100 $289,200 $820,900
2023 $10,277 $1,078,400 $257,100 $821,300
2022 $8,763 $1,083,100 $257,100 $826,000
2021 $8,531 $774,100 $164,700 $609,400
2019 $6,838 $666,600 $142,500 $524,100
2018 $6,726 $633,000 $130,600 $502,400
2017 $5,904 $568,400 $118,800 $449,600
2016 $5,228 $497,700 $81,500 $416,200
2014 $4,839 $427,200 $76,800 $350,400
2013 $4,839 $382,600 $65,600 $317,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 540197

Northwest Multiple Listing Service (NWMLS)

APN: 587500-0227