Listed by MORE Realty, Bought with CENTURY 21 North Homes Realty
NOT LISTED FOR SALE

703 3rd St Unit 705 Steilacoom, WA 98388

Estimated Value: $707,000 - $807,000

4 Beds
3 Baths
2,512 Sq Ft
$299/Sq Ft Est. Value

Last Sold June 08, 2022

Last sale price $625,000 $249 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,474/month

5 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Patio
  • Steilacoom High School Rated A-
  • No HOA
  • Partially Fenced Property

About This Home

As of June 2022

Rare opportunity to invest in this single-level duplex in the heart of Steilacoom just 1/3 mile to Saltar's Point Beach. Each unit has 2 BR, 1.5 BA, updated kitchen with white cabinetry, spacious living room, large backyard, and slider doors to the backyard patios. There are 2 garages - one is shared by both units with 2 separate laundry hookups. The other garage is for Unit 703 and has been partially converted to family room space. Currently owner occupied on one side, long-term tenant in other side is month-to-month with significantly under market rent.

Last Agent to Sell the Property

Tracie Balado

MORE Realty License #112928 Listed on: 05/04/2022

MORE Realty

Co-Listed By

Rachelle Willhite

Best Choice Realty LLC License #18762

Last Buyer's Agent

David Wahlers

CENTURY 21 North Homes Realty License #21031498

CENTURY 21 North Homes Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1923980

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,490

Year Built

  • Built in 1967

Lot Details

  • 0.4 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 7 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Community Details

  • No Home Owners Association
  • Steilacoom Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2990002130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,490

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1967
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Stories: 0
  • Cumulative Days on Market: 346

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3300

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Steilacoom Historica
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2990002130
  • Lot Size Acres: 0.4
  • Lot Size Sq Ft: 17424
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Outbuildings,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 44.23
  • LeasedItems: None
  • TotalMonthlyIncome: 15600

Multi Family

  • Gross Scheduled Income: 15600
  • Net Operating Income: 5610
  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Leasable Area: 2512
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5490

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
Jun 3, 2022
Sold by
Alward Lori L
Bought by
Gambill Ty and Gambill Katherine
Seller's Agent
Tracie Balado
MORE Realty
Buyer's Agent
David Wahlers
CENTURY 21 North Homes Realty
List Price
$690,000
Sold Price
$625,000
Premium/Discount to List
-$65,000
-9.42%
Current Estimated Value
$729,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,115
Avg. Annual Appreciation
4.74%
Original Mortgage
$625,000
Outstanding Balance
$595,530
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$128,667

Purchase Details

Closed on
Jun 2, 2009
Sold by
Alward Lori L and Alward Cecile J
Bought by
Alward Lori L and Alward Cecile J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2007
Sold by
Daniels Craig and Daniels Debra
Bought by
Alward Cecile J and Alward Lori L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,960
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2004
Sold by
Webster Johns Nadine
Bought by
Daniels Craig and Daniels Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,375
Interest Rate
5.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2003
Sold by
Cullen Marilyn R
Bought by
Webster Johns Nadine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,500
Interest Rate
5.93%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gambill Ty -- Commonwealth Land Title
Alward Lori L -- Stewart Title Company
Alward Cecile J $389,950 First American Title Ins Co
Daniels Craig $252,500 Transnation Title
Webster Johns Nadine $196,000 Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gambill Ty $625,000
Previous Owner Alward Lori L $309,000
Previous Owner Alward Cecile J $311,960
Previous Owner Daniels Craig $189,375
Previous Owner Webster Johns Nadine $153,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2022 06/08/22 Sold $625,000 -9.4% $249 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $690,000 -- $275 / 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 $5,783 $759,200 $316,900 $442,300
2024 $5,783 $723,200 $309,300 $413,900
2023 $5,783 $671,300 $276,000 $395,300
2022 $5,692 $688,700 $284,100 $404,600
2021 $5,490 $509,300 $202,900 $306,400
2019 $4,560 $446,800 $188,300 $258,500
2018 $5,059 $411,500 $164,700 $246,800
2017 $4,457 $397,500 $139,100 $258,400
2016 $4,176 $336,900 $114,500 $222,400
2014 $3,889 $325,100 $103,000 $222,100
2013 $3,889 $293,800 $99,300 $194,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1923980

Northwest Multiple Listing Service (NWMLS)

APN: 299000-2130