418 Pine Street

Orcas Island, WA 98245

$750,000
Price
$750,000
Price
Studio
Beds
4,800 Sq. Ft.
$156 / Sq. Ft.

Sold

Sold

418 Pine Street

Orcas Island, WA 98245

Street View

Property Details

StatusSold
MLS #26019417
Year Built1976
DOM72
Compass TypeMulti Family
MLS TypeMulti Family
Lot Size0.16 AC / 6,970 SF
Taxes$2,334 / year
Condo/Co-op Fees-
HOA Fees-
CountySan Juan County

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Property Details

Community Name
Orcas
School District
Orcas Island
View
Ocean, Sound

Description

Income producing apartment complex with 12 one-BR units, in one two-story building. These units are fully rented on a month-to-month basis, with competitive rental rates, This complex represents a solid investment with an approximate 5.5% return after expenses. NOTE: Neighboring .31-acre parcel, which is zoned Village Commercial and can accommodate an additional 12 residential units, MUST be purchased with this property. The listed price for this adjoining parcel is $295,000

Building Information

Stories-Residences12Year Built1976Building Size-Lot Size0.16 AC / 6,970 SF

Payment Calculator

$3,217 per month

30 year fixed, 4.45% Interest

Principal and Interest

$3,022

Property Taxes

$195

HOA Dues

$0


Property Information for 418 Pine Street

Summary
    Location and General Information
  • Amenities: Coin Op Laundry
  • Style: 56 - 10+ Units
  • Area: 901 - Orcas, Obstruction & Crane
  • Block: 2
  • Directions: Property is located on east side of Pine Street, between School Road and Rose Street, in Eastsound village.
  • Leased Items: None
  • Map Book: Tote
  • MLS Status: S
    Taxes and HOA Information
  • Tax Year: 2006
Interior and Exterior Features
    Interior Features
  • Floor Covering: Vinyl, Wall to Wall Carpet
    Exterior Features
  • Exterior: Wood
  • Roof: Built-Up
Property
    Utilities
  • Energy Source: Electric
  • Heating and Cooling: Baseboard
  • Sewer: Sewer Connected
  • Water Source: Community
  • Water/Sewer/Garbage: 13990
  • Power Company: OPALCO
  • Sewer Company: Eastsound
  • Water Company: Eastsoundd
    Property and Assessments
  • Foundation: Poured Concrete
  • General Zoning Classification: Multi-Family
    Lot Information
  • Lot Details: Paved Street
  • Lot Number: 5
  • Parcel Number: 271453205000
Multi Family
    Building Details
  • Total Number of Parking Spaces: 14
  • Number of Uncovered Spaces: 14
  • Number of Stories in Building: 2
  • Legal Description: TPN 271453205
    Financing / Income and Expenses
  • Total Expenses: $22,159
  • Gross Adjusted Income: $64,997
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $65,004
  • Insurance Expenses: $3,267
  • Net Operating Income: $43,406
  • Other Expenses: 2000
  • Total Monthly Income: 65004
    Unit 1
  • Washer/Dryer Unit 1: N
  • Range/Oven Unit 1: Y
  • Refrigerator Unit 1: Y
  • Dishwasher Unit 1: N
  • Square Feet Unit 1: 370
  • Rent Unit 1: $452
  • Bedrooms Unit 1: 1
  • Description Unit 1: 101
  • Bathrooms Unit 1: 1.0
    Unit 2
  • Washer/Dryer Unit 2: N
  • Range/Oven Unit 2: Y
  • Refrigerator Unit 2: Y
  • Dishwasher Unit 2: N
  • Square Feet Unit 2: 370
  • Rent Unit 2: $452
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1.0
  • Description Unit 2: 102
    Unit 3
  • Washer/Dryer Unit 3: N
  • Range/Oven Unit 3: Y
  • Refrigerator Unit 3: Y
  • Dishwasher Unit 3: N
  • Square Feet Unit 3: 370
  • Rent Unit 3: $452
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1.0
  • Description Unit 3: 103
    Unit 4
  • Washer/Dryer Unit 4: N
  • Range/Oven Unit 4: Y
  • Refrigerator Unit 4: Y
  • Dishwasher Unit 4: Y
  • Square Feet Unit 4: 370
  • Rent Unit 4: $452
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1.0
  • Description Unit 4: 104
    Unit 5
  • Washer/Dryer Unit 5: N
  • Range/Oven Unit 5: Y
  • Refrigerator Unit 5: Y
  • Dishwasher Unit 5: N
  • Square Feet Unit 5: 370
  • Rent Unit 5: $452
  • Bedrooms Unit 5: 1
  • Bathrooms Unit 5: 1.0
  • Description Unit 5: 105
    Unit 6
  • Washer/Dryer Unit 6: N
  • Range/Oven Unit 6: Y
  • Refrigerator Unit 6: Y
  • Dishwasher Unit 6: N
  • Square Feet Unit 6: 370
  • Rent Unit 6: $452
  • Bedrooms Unit 6: 1
  • Bathrooms Unit 6: 1.0
  • Description Unit 6: 106

Property History for 418 Pine Street

DateEvent & SourcePriceAppreciationLink
Dec 31, 2008Sold (Public Records)

Public Record #281009422

$650,000
Apr 24, 2006Sold

NWMLS #26019417

$750,000
Apr 21, 2006Pending

NWMLS #26019417

DateEvent & SourcePrice
12/31/2008
Sold (Public Records)

Public Record #281009422

$650,000
04/24/2006
Sold

NWMLS #26019417

$750,000
04/21/2006
Pending

NWMLS #26019417

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records

Taxable ValueLand$194,610Additions$423,160Total$617,770
Tax Record2018$4,937
Home Facts
Beds12Finished Sq.Ft.4,800 SqFtStories1Lot Size13,599 SqFtStyleMulti-Family Dwelling (2-4)Year Built1976CountySan JuanAPN271453205000

Schools in Orcas Island, WA

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Oasis Alternative SchoolPublicK-120.1 mi
NR
Orcas Island Elementary SchoolPublicK-60.1 mi
5
Orcas Island High SchoolPublic9-120.2 mi
NR
Orcas Island Middle SchoolPublic7-80.2 mi
NR

Oasis Alternative School

K-12, 0.1 mi, Public

NR

Orcas Island Elementary School

K-6, 0.1 mi, Public

5

Orcas Island High School

9-12, 0.2 mi, Public

NR

Orcas Island Middle School

7-8, 0.2 mi, Public

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
Listing provided courtesy of Northwest MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer.