Listed by Real Broker LLC, Bought with Windermere Abode
NOT LISTED FOR SALE

Estimated Value: $763,000 - $1,016,783

8 Beds
6 Baths
3,948 Sq Ft
$225/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $940,000 $238 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,505/month

20 Days on Market

Highlights

  • Home fronts a creek
  • 1.93 Acre Lot
  • Patio
  • Purdy Elementary School Rated A-
  • No HOA
  • Vinyl Plank Flooring

About This Home

As of December 2023

Escape to tranquility at this 4-plex nestled amidst nature on an acre+ lot. Expansive fully rented units offer modern comfort and monthly income. Enjoy multiple bedrooms, bathrooms and private patios in each unit. Recently upgraded with new roof, windows, sliders and new siding, this turnkey investment is ready to generate passive income. All 4 fully remodeled units w/ washer/dryer hookups, new elec. panels, new LVP flooring, kitchens, and bathrooms secure excellent returns on this investment property. Unlock more potential by finishing the 750+ sq ft. basement (w/ tall ceilings) for extra rental income. Experience the peaceful setting and lucrative possibilities today.

Last Agent to Sell the Property

George Clouse

Real Broker LLC License #137292 Listed on: 08/25/2023

Real Broker LLC

Last Buyer's Agent

Ian Broadie

Windermere Abode License #27896

Windermere Abode

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2155086

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,711

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 1.93 Acre Lot
  • Home fronts a creek
  • Street terminates at a dead end
  • Dog Run
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,948 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Purdy Elementary School
  • Peninsula High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Septic Tank

Community Details

  • No Home Owners Association
  • Purdy Subdivision

Listing and Financial Details

  • Assessor Parcel Number 012213-3-075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,711

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1965
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3948
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 365

Interior Features

  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Exterior Features: Brick, Wood
  • Property Condition: Remodeled
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Community
  • Security: FullyFenced
  • Cooling: None, Window Unit A/C
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Peninsula Light
  • SewerCompany: Septic
  • WaterCompany: Well
  • WaterSewerGarbage: 2000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 012213-3-075
  • Lot Size Acres: 1.93
  • Lot Size Sq Ft: 84071
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Dog Run,Fenced-Partially,Patio
  • MLSLotSizeSource: County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.86
  • LeasedItems: None
  • TotalMonthlyIncome: 6540

Multi Family

  • Gross Scheduled Income: 77664
  • Net Operating Income: 51719
  • Number Of Units Total: 4
  • Electric Expense: 649
  • Insurance Expense: 1533
  • Leasable Area: 4716
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7711

MLS Schools

  • Elementary School: Purdy Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Dec 6, 2023
Sold by
Zagy Gig Harbor 10 Llc
Bought by
Usman Junaid and Usman Lynda
Seller's Agent
George Clouse
Real Broker LLC
Buyer's Agent
Ian Broadie
Windermere Abode
List Price
$999,000
Sold Price
$940,000
Premium/Discount to List
-$59,000
-5.91%
Views
14
Current Estimated Value
$889,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,108
Avg. Annual Appreciation
-3.56%
Original Mortgage
$433,000
Outstanding Balance
$426,891
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$456,640

Purchase Details

Closed on
Apr 28, 2022
Sold by
Picinich John Nick and Picinich Nancy J
Bought by
Zagy Gig Harbor 10 Llc

Purchase Details

Closed on
Sep 22, 2016
Sold by
U S Bank National Association
Bought by
Picinich John and Picinich Nancy

Purchase Details

Closed on
Jul 25, 2016
Sold by
Briscoe Adolph S
Bought by
Us Bank National Association

Purchase Details

Closed on
Oct 9, 2015
Sold by
Briscoe Adolph S
Bought by
Us Bank National Association

Purchase Details

Closed on
Feb 16, 2005
Sold by
Holt Larry R
Bought by
Briscoe Adolph S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,300
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 2000
Sold by
Goring Craig A
Bought by
Holt Larry R and Holt Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,800
Interest Rate
8.55%
Mortgage Type
Commercial
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
Usman Junaid $940,000 Aegis Land Title
Zagy Gig Harbor 10 Llc -- Fidelity National Title
Picinich John $357,907 Servicelink
Us Bank National Association $371,900 None Available
Us Bank National Association $371,900 None Available
Briscoe Adolph S $397,950 Stewart Title
Holt Larry R $207,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Usman Junaid $433,000
Previous Owner Briscoe Adolph S $368,000
Previous Owner Briscoe Adolph S $318,300
Previous Owner Holt Larry R $36,800
Closed Briscoe Adolph S $39,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $940,000 -5.9% $238 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
09/13/2023 09/13/23 For Sale $999,000 0.0% $253 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $999,000 -- $253 / 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 $7,888 $947,400 $271,400 $676,000
2024 $7,888 $887,700 $260,500 $627,200
2023 $7,888 $823,600 $238,800 $584,800
2022 $7,441 $856,000 $238,800 $617,200
2021 $7,423 $671,800 $162,800 $509,000
2019 $5,360 $553,800 $124,000 $429,800
2018 $5,227 $492,900 $118,300 $374,600
2017 $4,560 $438,600 $97,700 $340,900
2016 $4,219 $354,300 $80,500 $273,800
2014 $3,728 $342,600 $75,600 $267,000
2013 $3,728 $309,200 $72,000 $237,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2155086

Northwest Multiple Listing Service (NWMLS)

APN: 012213-3075