Listed by Windermere Prof Partners, Bought with Windermere Prof Partners
NOT LISTED FOR SALE

8005 40th St NW Unit A & B Gig Harbor, WA 98335

Estimated Value: $734,000 - $925,000

4 Beds
4 Baths
2,756 Sq Ft
$292/Sq Ft Est. Value

Last Sold January 11, 2016

Last sale price $320,500 $116 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $4,735/month

111 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Wood Siding
  • Artondale Elementary School Rated A-
  • Ceramic Tile Flooring
  • 1-Story Property

About This Home

As of January 2016

Great investment property in Gig Harbor. Both units have 2 bedrooms and 2 full bathrooms and masters have huge walk in closets. Both units have wood burning fireplaces. Side A has lease to June 2016. It was remodeled in 2006 with Maple kitchen cabinets and updated bathrooms. Side B has a one year lease to Oct. 2016. Wood looking floors that are new and new paint in the living room and dining room. Single car garages and decks in the back, Underneath is a great storage area.

Last Agent to Sell the Property

Joyce Shipley

Windermere Prof Partners License #88189 Listed on: 08/14/2015

Windermere Prof Partners

Last Buyer's Agent

Home in The Harbor

Windermere Prof Partners License #5295

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 834022

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,227

Year Built

  • Built in 1976

Lot Details

  • 0.5 Acre Lot
  • Street terminates at a dead end
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,756 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Artondale Elementary School
  • Kopachuck Mid Middle School
  • Peninsula High School

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Gig Harbor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0121236003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,227

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1976
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2756
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Dead End Street, Paved
  • 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: 2
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric, Wood
  • PowerCompany: Peninsula Light
  • SewerCompany: Septic
  • WaterCompany: Rainier Water
  • WaterSewerGarbage: 300

Schools

  • Junior High Dist: Peninsula
  • High School: Peninsula High
  • Middle Or Junior School: Kopachuck Mid

Lot Info

  • Parcel Number: 0121236003
  • Lot Size Acres: 0.4983
  • Lot Size Sq Ft: 21706
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Metroscan
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2200

Multi Family

  • Gross Scheduled Income: 26400
  • Net Operating Income: 20453
  • Number Of Units Total: 2
  • Insurance Expense: 1100
  • Leasable Area: 2756
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3227

MLS Schools

  • Elementary School: Artondale Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2015
Closed on
Jan 4, 2016
Sold by
Harwood Jerry W and Harwood Mary Ellen
Bought by
Haug Asset Management Llc
Seller's Agent
Joyce Shipley
Windermere Prof Partners
Buyer's Agent
Home in The Harbor
Windermere Prof Partners
List Price
$319,000
Sold Price
$320,500
Premium/Discount to List
$1,500
0.47%
Current Estimated Value
$805,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$485,156
Avg. Annual Appreciation
9.86%

Purchase Details

Closed on
Jan 27, 2011
Sold by
Harwood Jerry W and Harwood Mary Ellen
Bought by
Harwood Jerry W and Harwood Mary Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,070
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2006
Sold by
Harwood Jerry W and Harwood Mary Ellen
Bought by
Harwood Jerry W and Harwood Mary Ellen

Purchase Details

Closed on
Feb 28, 2006
Sold by
Johnson William A
Bought by
Harwood Jerry and Harwood Mary Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,700
Interest Rate
6.04%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 23, 1995
Sold by
Creelman Cheryl Ann
Bought by
Johnson William Arthur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
8%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Haug Asset Management Llc $320,219 Wfg Natl Title
Harwood Jerry W -- First American Equity Loan S
Harwood Jerry W -- None Available
Harwood Jerry $339,700 First American Title Ins Co
Johnson William Arthur -- Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harwood Jerry W $261,070
Previous Owner Harwood Jerry $271,700
Previous Owner Johnson William Arthur $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2016 01/11/16 Sold $320,500 +0.5% $116 / Sq Ft
12/04/2015 12/04/15 Pending -- -- --
08/14/2015 08/14/15 For Sale $319,000 -- $116 / 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 $6,123 $675,800 $278,000 $397,800
2024 $6,123 $658,700 $269,000 $389,700
2023 $6,123 $635,400 $269,000 $366,400
2022 $5,401 $650,500 $269,000 $381,500
2021 $4,942 $442,200 $186,500 $255,700
2019 $4,140 $409,300 $161,100 $248,200
2018 $4,161 $377,300 $143,300 $234,000
2017 $3,479 $346,400 $122,800 $223,600
2016 $3,227 $262,500 $90,800 $171,700
2014 $2,859 $259,400 $83,000 $176,400
2013 $2,859 $237,200 $77,300 $159,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 834022

Northwest Multiple Listing Service (NWMLS)

APN: 012123-6003