Listed by Spivey Realty Group, LLC, Bought with Better Properties Kitsap
NOT LISTED FOR SALE
-- Bed
-- Bath
3,656 Sq Ft
7,500 Sq Ft Lot

Sale Details

Date Sold: May 14, 2021

Last sale price $295,000 $81 Per Sq Ft

44 Days on Market

About This Home

As of May 2021

Investor alert! Six-unit complex in Aberdeen. Gross rents @ $2930 plus ~$100/month in 2 w/d coin-ops on site. 2 2-bed, 1 bath; 2 1-bed, 1 bath and 2 studio units. Property is very stable, no vacancy or delinquent rent (even with COVID) and has very low rents. 6% cap-rate as-is assumes prop management fees and leaves lots of room for growth via rent increases or value-adds. No flood zone. Invest in Aberdeen and grow your wealth at the same time!

Last Agent to Sell the Property

Kevin Spivey

Spivey Realty Group, LLC License #27308 Listed on: 03/07/2021

Last Buyer's Agent

Stanley Yeadon

Better Properties Kitsap License #139221

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1738470

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,079

Year Built

  • Built in 1937

Lot Details

  • 7,500 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Flat Roof Shape
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,656 Sq Ft Home
  • 2-Story Property

Community Details

  • Aberdeen Subdivision

Listing and Financial Details

  • Assessor Parcel Number 014000101500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,079

Year Built

Built in 1937

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1937
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 3656
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition, Flat
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: See Remarks
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Aberdeen

Lot Info

  • Parcel Number: 014000101500
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: county

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 3030

Tax Info

  • Year: 2020
  • Tax Annual Amount: 2079

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 2521
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2021
Closed on
May 10, 2021
Sold by
Bought by
Seller's Agent
Kevin Spivey
Spivey Realty Group, LLC
Buyer's Agent
Stanley Yeadon
Better Properties Kitsap
List Price
$329,900
Sold Price
$295,000
Premium/Discount to List
-$34,900
-10.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Outstanding Balance
$124,093
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
3.47%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 15, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
5.79%
Mortgage Type
Commercial
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$295,000 Coast Title
$93,500 Coast Title
$149,673 Coast Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $234,000
Previous Owner $95,000
Previous Owner $177,000
Previous Owner $117,600
Previous Owner $14,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $295,000 -5.6% $81 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
03/29/2021 03/29/21 Price Changed $312,500 -5.3% $85 / Sq Ft
03/19/2021 03/19/21 For Sale $329,900 0.0% $90 / Sq Ft
03/12/2021 03/12/21 Pending -- -- --
03/07/2021 03/07/21 For Sale $329,900 -- $90 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,673 $278,974 $40,500 $238,474
2023 $2,360 $278,974 $40,500 $238,474
2022 $2,373 $203,617 $33,750 $169,867
2021 $2,355 $203,617 $33,750 $169,867
2020 $2,052 $183,470 $33,750 $149,720
2019 $2,079 $158,517 $33,750 $124,767
2018 $2,389 $168,946 $33,750 $135,196
2017 $2,395 $150,510 $33,750 $116,760
2016 $2,364 $156,655 $33,750 $122,905
2014 -- $163,580 $33,750 $129,830
2013 -- $167,330 $37,500 $129,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1738470

Northwest Multiple Listing Service (NWMLS)

APN: 014000101500

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