Listed by Better Properties NW, Bought with AgencyOne
NOT LISTED FOR SALE

60 E -63 Hemlock Ct Shelton, WA 98584

Estimated Value: $410,000 - $685,000

8 Beds
4 Baths
3,536 Sq Ft
$142/Sq Ft Est. Value

Last Sold June 17, 2024

Last sale price $732,500 $207 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $3,028/month

11 Days on Market

Highlights

  • No HOA
  • Wall to Wall Carpet
  • 1-Story Property
  • Cul-De-Sac

About This Home

As of June 2024

Great investment opportunity in Shelton. Sitting at a 7.4 cap these 2 duplexes won't last long. The buildings sit on one large 13,000 sqft lot with ample space for parking. These updated duplexes consist of four 900 sqft 2-bedroom 1-bath units built in 1973 with recent updates that include newer vinyl floor, carpet, and interior and exterior paint. Updated appliances, double pane vinyl windows, newer doors and trim. Both duplex’s have a beautiful backyard, small laundry closet with hook ups, covered parking and a small storage Close proximity to schools & convenient location.

Last Agent to Sell the Property

Andre Scott

Better Properties NW License #110296 Listed on: 05/17/2024

Better Properties NW

Last Buyer's Agent

Rudranil Manna

AgencyOne License #22024506

AgencyOne

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2238795

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,518

Year Built

  • Built in 1973

Lot Details

  • 0.3 Acre Lot
  • Cul-De-Sac
  • Property is in good condition

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,536 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Heating System Mounted To A Wall or Window
  • Septic Tank

Community Details

  • No Home Owners Association
  • Shelton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 320055000006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,518

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1973
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3536
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PUD #3
  • SewerCompany: Septic
  • WaterCompany: Oak Park
  • WaterSewerGarbage: 3859

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Shelton
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 320055000006
  • Lot Size Acres: 0.3
  • Lot Size: 13,068
  • Lot Size Sq Ft: 13068
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 6398

Multi Family

  • Net Operating Income: 55408
  • Number Of Units Total: 4
  • Insurance Expense: 3100
  • Leasable Area: 3536
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 4518

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jun 17, 2024
Sold by
T & S Time 2 Llc
Bought by
Kas Housing Llc
Seller's Agent
Andre Scott
Better Properties NW
Buyer's Agent
Rudranil Manna
AgencyOne
List Price
$750,000
Sold Price
$732,500
Premium/Discount to List
-$17,500
-2.33%
Views
4
Current Estimated Value
$501,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$231,050
Avg. Annual Appreciation
-24.79%

Purchase Details

Closed on
Aug 11, 2021
Sold by
Sk1 Llc
Bought by
T & S Time 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,029,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2017
Sold by
Homecomings Financial Network Inc and Nicklaus Jack W
Bought by
Ski Llc

Purchase Details

Closed on
Nov 3, 2017
Sold by
Eastside Funding Llc
Bought by
Sk1 Llc

Purchase Details

Closed on
Oct 27, 2017
Sold by
Eastside Funding Llc
Bought by
Ski Llc

Purchase Details

Closed on
Dec 29, 2005
Sold by
Chapman R Craig and Chapman Alice Louise
Bought by
Nicklaus Jack W and Nicklaus Sandra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,750
Interest Rate
6.27%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Kas Housing Llc $732,500 Wfg National Title
T & S Time 2 Llc $129,786 Aegis Land Title Group
T & S Time 2 Llc -- Stewart Title
Ski Llc $244,000 None Available
Sk1 Llc -- None Listed On Document
Sk1 Llc -- None Listed On Document
Ski Llc -- None Available
Nicklaus Jack W $305,000 First American Title Insuran
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner T & S Time 2 Llc $4,029,000
Previous Owner Nicklaus Jack W $45,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2024 06/17/24 Sold $732,500 -2.3% $207 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $750,000 -- $212 / 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 $4,518 $419,810 $61,105 $358,705
2023 $4,518 $406,830 $42,140 $364,690
2022 $4,467 $376,195 $49,000 $327,195
2021 $3,817 $376,195 $49,000 $327,195
2020 $3,207 $294,500 $49,000 $245,500
2018 $4,231 $268,180 $28,800 $239,380
2017 $3,424 $268,180 $28,800 $239,380
2016 $3,138 $239,650 $28,800 $210,850
2015 -- $225,935 $28,800 $197,135
2014 -- $205,585 $25,600 $179,985
2013 -- $208,985 $27,200 $181,785
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2238795

Northwest Multiple Listing Service (NWMLS)

APN: 32005-50-00006