Listed by Westmoreland Properties, Bought with AgencyOne
NOT LISTED FOR SALE

900 E Phillips Lake Rd Unit A Shelton, WA 98584

Estimated Value: $384,000 - $486,000

2 Beds
2 Baths
2,772 Sq Ft
$157/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $330,000 $119 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,556/month

5 Days on Market

Highlights

  • Deck
  • Cul-De-Sac
  • High Speed Internet
  • No HOA
  • Open Space

About This Home

As of August 2023

!Investor Special! 2 units total. Both leases are month to month with income of $2,200. 4 bedroom septic but both units live as 3 bedrooms. Rents have not been raised since prior to 2019. With minor improvements market rents would be closer to $1600 per unit. Both units include garage, stove, fridge. Unit B includes dishwasher and washer/dryer. Priced for a competitive cap rate as a passive investment or bring your work boots to unlock unrealized value. Same seller offering 2 more duplexes close by at MLS#2101894

Last Agent to Sell the Property

Jensen Westmoreland

Westmoreland Properties License #112583 Listed on: 06/09/2023

Last Buyer's Agent

Rudranil Manna

AgencyOne License #22024506

AgencyOne

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2125154

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,193

Year Built

  • Built in 1995

Lot Details

  • 0.34 Acre Lot
  • Open Space
  • Cul-De-Sac

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,772 Sq Ft Home
  • 2-Story Property
  • Self Contained Fireplace Unit Or Insert

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Shelton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 221325100001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,193

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1995
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2772
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Open Space
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Insert
  • Heating Yn: Yes
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Shelton

Lot Info

  • Parcel Number: 221325100001
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2200

Multi Family

  • Gross Scheduled Income: 26400
  • Number Of Units Total: 2
  • Leasable Area: 2772
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3193

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2023
Closed on
Jul 10, 2023
Sold by
Mcconnell Robert and Mcconnell Janet S
Bought by
Radheya Properties Llc
Seller's Agent
Jensen Westmoreland
Westmoreland Properties
Buyer's Agent
Rudranil Manna
AgencyOne
List Price
$330,000
Sold Price
$330,000
Views
43
Current Estimated Value
$435,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,905
Avg. Annual Appreciation
13.62%
Original Mortgage
$281,241
Outstanding Balance
$274,432
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$161,473

Purchase Details

Closed on
Apr 15, 2005
Sold by
Poss Frnak V and Poss Duang D
Bought by
Mcconnell Robert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
6.87%
Mortgage Type
Assumption
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
Radheya Properties Llc $330,000 Pacific Northwest Title
Mcconnell Robert R $157,000 Mason County Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Radheya Properties Llc $281,241
Previous Owner Mcconnell Robert R $125,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2023 08/11/23 Sold $330,000 0.0% $119 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $330,000 -- $119 / 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 $2,929 $396,960 $36,460 $360,500
2023 $2,929 $356,540 $32,350 $324,190
2022 $3,221 $337,640 $42,570 $295,070
2021 $3,193 $337,640 $42,570 $295,070
2020 $2,855 $307,950 $42,215 $265,735
2018 $2,552 $225,315 $35,180 $190,135
2017 $2,059 $225,315 $35,180 $190,135
2016 $2,029 $187,710 $14,550 $173,160
2015 $1,819 $184,645 $14,550 $170,095
2014 -- $184,245 $14,550 $169,695
2013 -- $188,160 $15,000 $173,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2125154

Northwest Multiple Listing Service (NWMLS)

APN: 22132-51-00001