Listed by Redfin, Bought with Coldwell Banker Bain
NOT LISTED FOR SALE

6304 51st Ave NW Gig Harbor, WA 98335

Estimated Value: $557,000 - $756,000

4 Beds
2 Baths
1,776 Sq Ft
$366/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $310,250 $175 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $3,942/month

3 Days on Market

Highlights

  • Secluded Lot
  • Patio
  • Wall to Wall Carpet
  • Artondale Elementary School Rated A-
  • Wood Siding
  • 1-Story Property

About This Home

As of November 2018

Duplex in a "just can't beat it" location and definitely priced to sell. This property has side by side, 2-bedroom, 1-bath units, all on one level. Long term tenant one side, PLEASE DO NOT DISTURB! Occupied unit has been updated, the vacant unit needs work, last tenant occupied for 23 years. Never vacant during ownership (other than to remodel). Nice sized rooms. Currently at lower end of market rents so excellent income potential, HUGE yard, private setting. Each side has a 1-car garage.

Last Agent to Sell the Property

Ellen Campion

Redfin License #120341 Listed on: 10/23/2018

Redfin

Last Buyer's Agent

Richard Burrows

Coldwell Banker Bain License #109857

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1377625

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,745

Year Built

  • Built in 1981

Lot Details

  • 0.44 Acre Lot
  • Secluded Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,776 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Gig Harbor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0221182080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,745

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1981
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1776
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 367

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

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
  • Utilities: Septic System, Electric
  • PowerCompany: Peninsula Light Co.
  • SewerCompany: Septic
  • WaterCompany: Washington Water Service
  • WaterSewerGarbage: 0

Schools

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

Lot Info

  • Parcel Number: 0221182080
  • Lot Size Acres: 0.44
  • Lot Size: 233*238
  • Lot Size Sq Ft: 19166
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: PCR
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 2000

Multi Family

  • Gross Scheduled Income: 24000
  • Net Operating Income: 5798
  • Number Of Units Total: 2
  • Insurance Expense: 1169
  • Leasable Area: 1776
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 2745

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2018
Closed on
Nov 2, 2018
Sold by
Noyer Richard J and Noyer Linda Spence
Bought by
Ragan Gregory L and Ragan Karen A
Seller's Agent
Ellen Campion
Redfin
Buyer's Agent
Richard Burrows
Coldwell Banker Bain
List Price
$239,900
Sold Price
$310,250
Premium/Discount to List
$70,350
29.32%
Current Estimated Value
$649,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,553
Avg. Annual Appreciation
11.50%

Purchase Details

Closed on
May 1, 2008
Sold by
Noyer Richard J
Bought by
Noyer Richard J and Noyer Linda Spence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.81%
Mortgage Type
New Conventional
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
Ragan Gregory L $309,969 Ticor Title
Noyer Richard J -- Pnwt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Noyer Richard J $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2018 11/21/18 Sold $310,250 +29.3% $175 / Sq Ft
10/26/2018 10/26/18 Pending -- -- --
10/23/2018 10/23/18 For Sale $239,900 -- $135 / 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 $4,909 $535,300 $268,600 $266,700
2024 $4,909 $521,800 $260,000 $261,800
2023 $4,909 $505,600 $260,000 $245,600
2022 $4,300 $515,800 $260,000 $255,800
2021 $3,954 $350,600 $180,200 $170,400
2019 $3,308 $324,900 $155,800 $169,100
2018 $3,294 $298,100 $138,700 $159,400
2017 $2,745 $271,100 $118,800 $152,300
2016 $2,511 $204,900 $87,900 $117,000
2014 $2,247 $199,100 $80,300 $118,800
2013 $2,247 $182,700 $73,800 $108,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1377625

Northwest Multiple Listing Service (NWMLS)

APN: 022118-2080