Listed by Prodigy Real Estate Inc, Bought with eXp Realty
$375,000
SOLD NOV 18, 2024

603 Kansas St SW Unit 1 & 2 Orting, WA 98360

-- Bed
-- Bath
1,038 Sq Ft
10,260 Sq Ft Lot

Recently Sold

$361 Per Sq Ft

33% Below List Price

64 Days on Market

Highlights

  • RV Access or Parking
  • Patio
  • Forced Air Heating System
  • No HOA
  • Open Space
  • Partially Fenced Property

About This Home

As of November 2024

Potential 7% cap rate on this awesome duplex. Located in charming Orting, this property includes TWO houses on one parcel. The second home is a cozy 1-bedroom, 1-bathroom residence with 624 sq ft of living space, an electric fireplace, and an attached garage. Home has updated plumbing and electricity. The large lot features a 24x20 detached storage room, a garden area, and a fire pit. The main house has fresh paint, new carpet, and vinyl flooring. It includes a 1-car detached garage/shop and has fresh exterior paint. All roofs 30-year, with approximately 22 years remaining. The property is vacant and ready for occupancy. Orting offers a small-town vibe with walking trails, unsurpassed view of the Mt, and a smalltown setting

Last Agent to Sell the Property

June Cousineau

Prodigy Real Estate Inc License #7278

Last Buyer's Agent

Chris Gurnee

eXp Realty License #26577

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2279203

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,756

Year Built

  • Built in 1949

Lot Details

  • 10,260 Sq Ft Lot
  • Lot Dimensions are .60x173
  • Open Space
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,038 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • 2 Covered Spaces
  • RV Access or Parking

Outdoor Features

  • Patio

Schools

  • Orting Primary Sch Elementary School
  • Orting Mid Middle School
  • Orting High School

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Miller Condos
  • In Town Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5925200290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,756

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1949
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Miller
  • New Construction: No
  • CalculatedSquareFootage: 1038
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 197

Interior Features

  • Possible Use: Residential
  • 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: Open Space, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Parking Features: RV Parking
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None, Other – See Remarks
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Orting
  • WaterCompany: City of Orting
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Orting
  • High School: Orting High
  • Middle Or Junior School: Orting Mid

Lot Info

  • Parcel Number: 5925200290
  • Lot Size Acres: 0.2355
  • Lot Size: .60X173
  • Lot Size Sq Ft: 10260
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio,RV Parking
  • MLSLotSizeSource: Public Record
  • MLSSquareFootageSource: Public Record
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 13.33
  • LeasedItems: None
  • TotalMonthlyIncome: 3000

Multi Family

  • Gross Scheduled Income: 36000
  • Net Operating Income: 26088
  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Leasable Area: 1681
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3756

MLS Schools

  • Elementary School: Orting Primary Sch

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Sold $375,000 -21.9% $361 / Sq Ft
10/12/2024 10/12/24 Pending -- -- --
08/26/2024 08/26/24 Price Changed $480,000 -5.9% $462 / Sq Ft
08/20/2024 08/20/24 Price Changed $510,000 -8.9% $491 / Sq Ft
08/09/2024 08/09/24 For Sale $559,995 -- $539 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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
2024 $3,756 $429,800 $175,900 $253,900
2023 $3,756 $398,200 $168,100 $230,100
2022 $3,643 $413,400 $168,100 $245,300
2021 $3,495 $288,600 $110,800 $177,800
2019 $3,145 $260,200 $94,000 $166,200
2018 $3,242 $244,000 $81,900 $162,100
2017 $2,718 $215,000 $65,800 $149,200
2016 $2,507 $162,300 $51,900 $110,400
2014 $2,083 $149,600 $46,300 $103,300
2013 $2,083 $123,800 $36,400 $87,400
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $368,207 FHA
Closed $368,207 FHA
Previous Owner $127,600 New Conventional
Previous Owner $110,500 Unknown
Previous Owner $92,250 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $375,000 Fidelity National Title
Warranty Deed $375,000 Fidelity National Title
Warranty Deed $102,500 Transnation Title Insurance
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2279203

Northwest Multiple Listing Service (NWMLS)

APN: 592520-0290