Listed by Keller Williams West Sound, Bought with Solution Partners NW
NOT LISTED FOR SALE

827 10th St Bremerton, WA 98337

Estimated Value: $239,000 - $965,000

-- Bed
8 Baths
2,582 Sq Ft
$260/Sq Ft Est. Value

Last Sold June 22, 2021

Last sale price $895,000 $347 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $4,117/month

19 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 4-minute walk to Smith Nature Play Park
  • Mini Split Air Conditioners
  • 1-Story Property

About This Home

As of June 2021

Opportunity awaits you w/ this great investment property in downtown Bremerton. 8 individual studio units set up as 4 duplex, plus additional laundry house that could easily be converted back to 9th rental for additional income. Each unit has a full bath, kitchen w/ fridge & range/oven & sleeping/living area. Units have been updated by current owners w/ new siding, windows, individual ductless heat pumps for each unit & new roofs. Just a few minutes walk to the ferry, shipyard & downtown Bremerton for shopping/dining. Rents have been steady, continuously rented, hard to come by rates for Bremerton. Large lot could be used for a future development in the heart of Bremerton that is experiencing a boom in demand.

Last Agent to Sell the Property

Christopher O'morchoe

Keller Williams West Sound License #121439 Listed on: 03/07/2021

Keller Williams West Sound

Co-Listed By

Nicola Chamness

Keller Williams West Sound License #93377

Last Buyer's Agent

Jane Snyder

Solution Partners NW License #95776

Solution Partners NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1739139

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,301

Year Built

  • Built in 1919

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 2,582 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 9 Parking Spaces
  • Open Parking

Utilities

  • Mini Split Air Conditioners
  • Septic Tank
  • Septic System

Community Details

  • Bremerton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 37690010030000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,301

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1919
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2582
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 9
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 9

Utilities

  • Sewer: Septic Tank, Sewer Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Septic System, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Bremerton
  • WaterCompany: City of Bremerton
  • WaterSewerGarbage: 7500

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Bremerton #100c

Lot Info

  • Parcel Number: 37690010030000
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 5060

Multi Family

  • Gross Scheduled Income: 60480
  • Net Operating Income: 50220
  • Number Of Units Total: 8
  • Insurance Expense: 3000
  • Leasable Area: 2582
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3301

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2021
Closed on
Jun 17, 2021
Sold by
Mobilehelmes Properties Llc
Bought by
Rei Olympia Llc
Seller's Agent
Christopher O'morchoe
Keller Williams West Sound
Buyer's Agent
Jane Snyder
Solution Partners NW
List Price
$975,000
Sold Price
$895,000
Premium/Discount to List
-$80,000
-8.21%
Current Estimated Value
$670,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$224,559
Avg. Annual Appreciation
-6.43%
Original Mortgage
$716,000
Outstanding Balance
$114,121
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$556,320

Purchase Details

Closed on
Jun 23, 2008
Sold by
Gall Properties Llc
Bought by
Mobileholmes Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,500
Interest Rate
5.99%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 7, 2006
Sold by
Gall Thomas A
Bought by
Gall Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,830
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2000
Sold by
Roos Alexander J and Roos Deborah
Bought by
Gall Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.96%
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
Rei Olympia Llc $895,000 Pacific Northwest Ttl Silver
Mobileholmes Properties Llc -- Transnation Title Ins Co
Mobileholmes Properties Llc $282,500 Transnation Title Ins Co
Gall Properties Llc -- Stewart Title Of Kitsap
Gall Thomas A $65,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rei Olympia Llc $716,000
Previous Owner Mobileholmes Properties Llc $145,500
Previous Owner Gall Properties Llc $137,830
Previous Owner Gall Thomas A $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2021 06/22/21 Sold $895,000 -8.2% $347 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/07/2021 03/07/21 For Sale $975,000 -- $378 / 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
2026 $7,202 $816,580 $85,340 $731,240
2025 $7,202 $816,580 $85,340 $731,240
2024 $6,949 $816,580 $85,340 $731,240
2023 $7,183 $816,590 $85,340 $731,250
2022 $4,865 $497,190 $71,120 $426,070
2021 $3,305 $309,110 $53,550 $255,560
2020 $3,066 $286,460 $49,560 $236,900
2019 $2,650 $256,540 $44,240 $212,300
2018 $2,721 $175,370 $33,260 $142,110
2017 $2,296 $175,370 $33,260 $142,110
2016 $2,131 $154,050 $29,170 $124,880
2015 $2,325 $167,210 $31,730 $135,480
2014 -- $167,210 $31,730 $135,480
2013 -- $168,970 $33,490 $135,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1739139

Northwest Multiple Listing Service (NWMLS)

APN: 3769-001-003-00-00