Listed by Kelly Right RE of Seattle LLC, Bought with Real Broker LLC
NOT LISTED FOR SALE

102 Summit Ave N Kent, WA 98030

East Hill Neighborhood
-- Bed
-- Bath
7,176 Sq Ft
10,085 Sq Ft Lot

Last Sold December 17, 2021

Last sale price $1,920,000 $268 Per Sq Ft

485 Days on Market

Highlights

  • High Speed Internet
  • Partially Fenced Property
  • Vinyl Flooring

About This Home

As of December 2021

For sale! Turnkey cash flowing apartment with updated interiors and electrical upgrades. Conveniently located on Canyon Dr a couple minutes from downtown Kent and situated 18 miles away from both Seattle and Downtown Tacoma, this 12-unit apartment building is easy to rent. Partially fenced lot, 12 units of under-story parking, 12 units of secure personal storage, and a secure coin-operated laundry room for additional income. The hard work is done; now enjoy the easy part: cash fl-o-o-o-w!

Last Agent to Sell the Property

Elo Xen

Kelly Right RE of Seattle LLC License #104648 Listed on: 05/20/2020

Kelly Right RE of Seattle LLC

Last Buyer's Agent

Alexandra Clouse

Real Broker LLC License #107080

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1603663

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,541

Year Built

  • Built in 1959

Lot Details

  • 10,085 Sq Ft Lot
  • Partially Fenced Property
  • Property is in average condition

Parking

  • 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Slab Foundation
  • Bitumen Roof
  • Stone Siding

Interior Spaces

  • 7,176 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Vinyl

Schools

  • East Hill Elementary School
  • Mill Creek Mid Sch Middle School
  • Kent-Meridian High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Terrace View Apartments Condos
  • Scenic Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1922059276

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,541

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1959
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Terrace View Apartments
  • New Construction: No
  • CalculatedSquareFootage: 7176
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 573

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat, Torch Down
  • View: No
  • Waterfront: No
  • Exterior Features: Stone
  • Foundation Details: Concrete Ribbon, Slab
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 12
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Kent
  • WaterCompany: Kent
  • WaterSewerGarbage: 12780

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Annual Fuel Expense: 1200

Schools

  • Junior High Dist: Kent
  • High School: Kent-Meridian High
  • Middle Or Junior School: Mill Creek Mid Sch

Lot Info

  • Parcel Number: 1922059276
  • Lot Size Acres: 0.2315
  • Lot Size: 10,085
  • Lot Size Sq Ft: 10085
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 14685

Multi Family

  • Gross Scheduled Income: 176220
  • Net Operating Income: 121040
  • Number Of Units Total: 12
  • Electric Expense: 1200
  • Insurance Expense: 8848
  • Leasable Area: 7176
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 17541

MLS Schools

  • Elementary School: East Hill Elem

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $1,920,000 -8.6% $268 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
08/30/2021 08/30/21 For Sale $2,099,999 0.0% $293 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
07/31/2021 07/31/21 For Sale $2,099,999 0.0% $293 / Sq Ft
12/07/2020 12/07/20 For Sale $2,099,999 +9.4% $293 / Sq Ft
12/01/2020 12/01/20 Off Market $1,920,000 -- --
11/30/2020 11/30/20 Pending -- -- --
07/22/2020 07/22/20 For Sale $2,099,999 0.0% $293 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $2,099,999 +54.4% $293 / Sq Ft
05/15/2019 05/15/19 Sold $1,360,000 -9.3% --
02/20/2019 02/20/19 Pending -- -- --
01/10/2019 01/10/19 For Sale $1,500,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Elo Xen

    Seller's Agent in 2021

    Elo Xen

    Kelly Right RE of Seattle LLC

    (206) 456-4545

    1 in this area

    5 Total Sales

    Section Image
  • Alexandra Clouse

    Buyer's Agent in 2021

    Alexandra Clouse

    Real Broker LLC

    (206) 200-0770

    1 in this area

    91 Total Sales

    Section Image
  • Nicole Dankworth

    Buyer Co-Listing Agent in 2021

    Nicole Dankworth

    Real Broker LLC

    (206) 697-5399

    1 in this area

    153 Total Sales

    Section Image

  • I

    Seller's Agent in 2019

    Isaac Chamberlin

    The Foundation Group LLC

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1603663

Northwest Multiple Listing Service (NWMLS)

Washington King County Kent 98030 East Hill

102 Summit Ave N, Kent, WA

This home is located at 102 Summit Ave N, Kent, WA 98030 since 20 May 2020. This property was built in 1959. 102 Summit Ave N is a home located in King County with nearby schools including East Hill Elementary School, Mill Creek Middle School, and Kent-Meridian High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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