Listed by Best Choice Realty LLC, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

8220 94th St NW Gig Harbor, WA 98332

Estimated Value: $546,000 - $707,000

4 Beds
2 Baths
1,712 Sq Ft
$372/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $485,000 $283 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,869/month

195 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • Territorial View
  • Voyager Elementary School Rated A-
  • Secluded Lot
  • Open Space

About This Home

As of February 2021

Fully leased duplex on a secluded 1 acre lot with territorial views. Tenants are responsible for all utilities and landscape maintenance. Both units are approximately 856 square feet with 2 bedrooms and 1 bathroom. Each comes with stainless steel appliances, stacked washer/dryers and carport parking with storage lockers. A large back deck features beautiful views of the wooded lot. Tenants will appreciate the quiet serenity offered by this location.

Last Agent to Sell the Property

Jeff Huling

Best Choice Realty LLC License #84348 Listed on: 05/08/2020

Best Choice Realty LLC

Last Buyer's Agent

Matthew Reichlin

Skyline Properties, Inc. License #4202

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1598344

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,991

Year Built

  • Built in 1974

Lot Details

  • 1 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Property is in good condition

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,712 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Gig Harbor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0121026002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,991

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1974
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1712
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Open Space, Secluded
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Block
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Septic System, Electric
  • PowerCompany: Peninsula Light Company
  • WaterCompany: Washington Water Service
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 0121026002
  • Lot Size Acres: 1
  • Lot Size Sq Ft: 43560
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Outbuildings,RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 2795

Multi Family

  • Gross Scheduled Income: 33540
  • Net Operating Income: 26073
  • Number Of Units Total: 2
  • Insurance Expense: 820
  • Leasable Area: 1712
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3991

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2020
Closed on
Feb 22, 2021
Sold by
Cherry Orchard Llc
Bought by
Damalas Kimberly A
Seller's Agent
Jeff Huling
Best Choice Realty LLC
Buyer's Agent
Matthew Reichlin
Skyline Properties, Inc.
List Price
$485,000
Sold Price
$485,000
Current Estimated Value
$636,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,299
Avg. Annual Appreciation
6.53%
Original Mortgage
$485,000
Outstanding Balance
$436,382
Interest Rate
2.65%
Mortgage Type
VA
Estimated Equity
$210,277

Purchase Details

Listed on
Aug 23, 2019
Closed on
Sep 12, 2019
Sold by
Starke Joel C and Starke Tanya H
Bought by
Cherry Orchard Llc
Seller's Agent
David MacPhail
Redfin
Buyer's Agent
Jeff Huling
Best Choice Realty LLC
List Price
$355,000
Sold Price
$350,000
Premium/Discount to List
-$5,000
-1.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.23%
Original Mortgage
$284,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 29, 2014
Closed on
Jul 29, 2015
Sold by
Allan Nathan
Bought by
Starke Joel C and Starke Tanya H
Buyer's Agent
Eric Anderson
Instant Access Realty
List Price
$249,000
Sold Price
$229,000
Premium/Discount to List
-$20,000
-8.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.85%
Original Mortgage
$124,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2004
Sold by
Bass Eric N
Bought by
Allan Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
5.39%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Damalas Kimberly A $485,000 Chicago Title Company Of Wa
Cherry Orchard Llc $350,000 Chicago Title
Starke Joel C $228,719 Ticor
Allan Nathan $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Damalas Kimberly A $485,000
Previous Owner Cherry Orchard Llc $284,000
Previous Owner Starke Joel C $124,000
Previous Owner Allan Nathan $247,500
Previous Owner Allan Nathan D $73,000
Previous Owner Allan Nathan D $53,000
Previous Owner Allan Nathan D $89,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2021 02/23/21 Sold $485,000 +2.1% $283 / Sq Ft
11/19/2020 11/19/20 Pending -- -- --
09/01/2020 09/01/20 Price Changed $475,000 -2.1% $277 / Sq Ft
08/06/2020 08/06/20 For Sale $485,000 0.0% $283 / Sq Ft
07/23/2020 07/23/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $485,000 +38.6% $283 / Sq Ft
09/13/2019 09/13/19 Sold $350,000 -1.4% $204 / Sq Ft
08/25/2019 08/25/19 Pending -- -- --
08/23/2019 08/23/19 For Sale $355,000 +55.0% $207 / Sq Ft
08/03/2015 08/03/15 Sold $229,000 -8.0% $134 / Sq Ft
07/01/2015 07/01/15 Pending -- -- --
06/30/2014 06/30/14 For Sale $249,000 -- $145 / 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 $5,146 $556,200 $327,800 $228,400
2024 $5,146 $539,500 $317,200 $222,300
2023 $5,146 $530,900 $298,000 $232,900
2022 $4,310 $511,800 $298,000 $213,800
2021 $4,037 $358,200 $208,600 $149,600
2019 $3,458 $340,700 $193,900 $146,800
2018 $3,396 $312,400 $172,500 $139,900
2017 $2,815 $279,900 $147,700 $132,200
2016 $2,662 $219,500 $109,300 $110,200
2014 $2,487 $211,800 $99,900 $111,900
2013 $2,487 $199,000 $95,000 $104,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1598344

Northwest Multiple Listing Service (NWMLS)

APN: 012102-6002