NOT LISTED FOR SALE

714 -16 Shannon St Steilacoom, WA 98388

Estimated Value: $808,000 - $1,168,000

6 Beds
5 Baths
3,311 Sq Ft
$282/Sq Ft Est. Value

Last Sold June 30, 2014

Last sale price $340,500 $103 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $5,738/month

83 Days on Market

Highlights

  • Wood Flooring
  • Steilacoom High School Rated A-
  • Wood Siding

About This Home

As of June 2014

Great opportunity to own two duplexes together in desirable Steilacoom. 3 bedrooms and 2.5 baths and 2 car garage each side. Master bedrooms on the main floor.

Last Agent to Sell the Property

Tim Stephens

Gateway Real Estate License #22781 Listed on: 02/13/2014

Gateway Real Estate

Last Buyer's Agent

Rob Mitchell

Windermere Prof Partners License #5351

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 593045

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,915

Year Built

  • Built in 1991

Lot Details

  • 0.39 Acre Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,311 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Utilities

  • Natural Gas Connected

Community Details

  • Steilacoom Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2510000916

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,915

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1991
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3311
  • Special Features: None
  • Cumulative Days on Market: 336

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Natural Gas Connected
  • PowerCompany: Steilacoom
  • SewerCompany: Steilacoom
  • WaterCompany: Steilacoom
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Steilacoom Historica

Lot Info

  • Parcel Number: 2510000916
  • Lot Size Acres: 0.3939
  • Lot Size Sq Ft: 17160
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Residential

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2425

Multi Family

  • Gross Scheduled Income: 29100
  • Net Operating Income: 20165
  • Number Of Units Total: 2
  • Insurance Expense: 1165
  • Leasable Area: 3308
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2014
  • Tax Annual Amount: 3915

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2014
Closed on
Jun 25, 2014
Sold by
Bjrb Properties Llc
Bought by
Creighton & Susan Mills Family Trust
Seller's Agent
Tim Stephens
Gateway Real Estate
Buyer's Agent
Rob Mitchell
Windermere Prof Partners
List Price
$379,900
Sold Price
$340,500
Premium/Discount to List
-$39,400
-10.37%
Total Days on Market
83
Current Estimated Value
$933,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$593,167
Avg. Annual Appreciation
8.90%
Original Mortgage
$600,000
Outstanding Balance
$466,425
Interest Rate
4.25%
Mortgage Type
Unknown
Estimated Equity
$402,247
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
Creighton & Susan Mills Family Trust $340,219 Chicago Title Company
Bjrb Properties Llc -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Welcher Alexander B $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2014 06/30/14 Sold $340,500 -10.4% $103 / Sq Ft
05/08/2014 05/08/14 Pending -- -- --
02/13/2014 02/13/14 For Sale $379,900 -- $115 / 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
2024 $6,263 $757,600 $275,200 $482,400
2023 $6,263 $727,200 $274,100 $453,100
2022 $6,329 $717,600 $274,100 $443,500
2021 $5,610 $520,500 $196,700 $323,800
2019 $4,752 $453,900 $174,100 $279,800
2018 $4,824 $428,800 $144,100 $284,700
2017 $4,155 $379,000 $110,000 $269,000
2016 $3,867 $312,400 $88,200 $224,200
2014 $3,859 $301,000 $88,200 $212,800
2013 $3,859 $285,600 $86,000 $199,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 593045

Northwest Multiple Listing Service (NWMLS)

APN: 251000-0916