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

5864 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 $3,427/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 tenant-occupied duplex rents its 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! See listing 1787992 for typical interior photos and to request showings.

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#: 1787994

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,159

Year Built

  • Built in 1995

Lot Details

  • 1.14 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

  • 2 Parking Spaces
  • 2 Covered Spaces

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Sunnyslope Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06230131232008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,159

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: Multi-Family, 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
  • 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: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

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: 06230131232008
  • Lot Size Acres: 1.14
  • Lot Size Sq Ft: 49658
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 2790

Multi Family

  • Gross Scheduled Income: 33480
  • Net Operating Income: 23724
  • 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: 4159

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Aug 5, 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
$576,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,214
Avg. Annual Appreciation
3.72%
Original Mortgage
$371,250
Outstanding Balance
$336,559
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$239,655

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 7, 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 Two Llc

Purchase Details

Closed on
Sep 20, 2006
Sold by
Campbell David L and Campbell Michelle
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
$258,950
Interest Rate
8.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2001
Sold by
Kitsap Duplexes Llc
Bought by
Campbell David L and Campbell Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
6.63%
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
Morrison Stephen P $495,000 Fidelity Natl Ttl Lynnwoo
Swegle Steven D -- None Available
Swegle Steven D -- None Available
Reese Lane Two Llc -- None Available
Swegle Steven D $323,980 Pacific Nw Title
Campbell David L $165,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morrison Stephen P $371,250
Previous Owner Swegle Steven D $258,950
Previous Owner Campbell David L $148,500
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 $4,566 $502,910 $83,560 $419,350
2025 $4,566 $502,910 $83,560 $419,350
2024 $4,429 $502,910 $83,560 $419,350
2023 $4,398 $502,910 $83,560 $419,350
2022 $4,382 $420,520 $66,610 $353,910
2021 $4,159 $378,160 $60,550 $317,610
2020 $4,235 $375,290 $62,350 $312,940
2019 $3,594 $347,700 $57,740 $289,960
2018 $3,800 $281,310 $49,700 $231,610
2017 $3,206 $281,310 $49,700 $231,610
2016 $3,101 $248,890 $47,330 $201,560
2015 $2,994 $243,580 $47,330 $196,250
2014 $2,798 $220,500 $48,960 $171,540
2013 $2,773 $229,400 $57,860 $171,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1787994

Northwest Multiple Listing Service (NWMLS)

APN: 062301-3-123-2008