Listed by Revival Realty LLC, Bought with REally Properties Inc
NOT LISTED FOR SALE

5854 SW Reese Ln Port Orchard, WA 98367

Estimated Value: $560,000 - $609,000

6 Beds
4 Baths
2,344 Sq Ft
$246/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $495,000 $211 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,428/month

25 Days on Market

Highlights

  • Patio
  • Ceramic Tile Flooring
  • 1-Story Property
  • Open Space
  • Wood Siding

About This Home

As of August 2021

Purchase your next investment property in Port Orchard! This duplex is move-in ready with a brand new roof, highly desirable 3 bedroom/ 2 bath floorplan with covered garage and on a quiet dead-end street. The floorplan is mirrored on opposite side and both units have upgraded cordless blinds. These large lots have so much room to play and enjoy outdoor recreation through the private covered patio with sliding door access from kitchen. Walking path to Sunnyslope Elementary. Adjacent duplexes also listed!

Last Agent to Sell the Property

Kristel Knittel

Revival Realty LLC License #23012819 Listed on: 06/10/2021

Revival Realty LLC

Last Buyer's Agent

Dennis Balduf

REally Properties Inc License #17125

REally Properties Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1787992

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,161

Year Built

  • Built in 1995

Lot Details

  • 1.15 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,344 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Sunnyslope Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06230131222009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,161

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1995
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2344
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Open Space, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: South Kitsap

Lot Info

  • Parcel Number: 06230131222009
  • Lot Size Acres: 1.15
  • Lot Size Sq Ft: 50094
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3190

Multi Family

  • Gross Scheduled Income: 38280
  • Net Operating Income: 27826
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 2344
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4161

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Aug 4, 2021
Sold by
Swegle Regan M and Mccauley Alison L
Bought by
Morrison Stephen P and Morrison Tammy J
Seller's Agent
Kristel Knittel
Revival Realty LLC
Buyer's Agent
Dennis Balduf
REally Properties Inc
List Price
$495,000
Sold Price
$495,000
Current Estimated Value
$576,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,366
Avg. Annual Appreciation
3.75%
Original Mortgage
$371,250
Outstanding Balance
$336,559
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$239,807

Purchase Details

Closed on
Oct 19, 2020
Sold by
Swegle Steven D
Bought by
Swegle Steven D and Swegle Regan M

Purchase Details

Closed on
Jun 21, 2016
Sold by
Swegle Cara Lee
Bought by
Swegle Steven D

Purchase Details

Closed on
Feb 23, 2008
Sold by
Swegle Steven and Swegle Cara Lee
Bought by
Reese Lane One Llc

Purchase Details

Closed on
Mar 16, 2007
Sold by
Harrison Roger L and Harrison Rosemary
Bought by
Swegle Steven D and Swegle Cara Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,200
Interest Rate
2.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Morrison Stephen P $495,000 Ticor Title
Swegle Steven D -- None Available
Swegle Steven D -- None Available
Reese Lane One Llc -- None Available
Swegle Steven D $314,280 Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morrison Stephen P $371,250
Previous Owner Swegle Steven D $251,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2021 08/20/21 Sold $495,000 0.0% $211 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $495,000 0.0% $211 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $495,000 -- $211 / 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
2026 $4,570 $503,420 $88,170 $415,250
2025 $4,570 $503,420 $88,170 $415,250
2024 $4,433 $503,420 $88,170 $415,250
2023 $4,402 $503,420 $88,170 $415,250
2022 $4,384 $420,730 $70,280 $350,450
2021 $4,161 $378,400 $63,890 $314,510
2020 $4,272 $378,700 $65,760 $312,940
2019 $3,623 $350,740 $60,780 $289,960
2018 $3,832 $283,920 $52,310 $231,610
2017 $3,234 $283,920 $52,310 $231,610
2016 $3,130 $251,380 $49,820 $201,560
2015 $3,023 $246,070 $49,820 $196,250
2014 $2,828 $223,080 $51,540 $171,540
2013 $2,807 $232,450 $60,910 $171,540
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1787992

Northwest Multiple Listing Service (NWMLS)

APN: 062301-3-122-2009