Listed by Coldwell Banker Danforth, Bought with Coldwell Banker Bain
$1,240,000
SOLD AUG 23, 2024
-- Bed
-- Bath
3,680 Sq Ft
0.31 Acres

Recently Sold

$337 Per Sq Ft

11% Below List Price

37 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Wood Siding
  • No HOA
  • Patio
  • 1-minute walk to Morrill Meadows Park

About This Home

As of August 2024

Steady income producing 4-plex in quiet residential neighborhood. 2 bed/1.5 bath units. Washer/Dryer and fireplace in each unit along with patios and decks. 8 parking spaces (4 covered). Close to shopping and entertainment at Kent Station. Bus lines and other commuting options close at hand. YMCA and Morrill Meadows Park 2 blocks away. Recent updates to roof and gutters. Windows and Fence replaced. Automatic security lighting added. Value Add opportunity with current rents below market value

Last Agent to Sell the Property

Phil Auberg

Coldwell Banker Danforth License #98613 Listed on: 05/17/2024

Coldwell Banker Danforth

Last Buyer's Agent

Kevin Kirkaldie

Coldwell Banker Bain License #114604

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2202284

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,993

Year Built

  • Built in 1988

Lot Details

  • 0.31 Acre Lot
  • Street terminates at a dead end
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,680 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Radiant Heating System
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • East Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2022059265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,993

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1988
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3680
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 310

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant, Wall Unit(s)
  • Heating Yn: Yes
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 2022059265
  • Lot Size Acres: 0.3104
  • Lot Size Sq Ft: 13520
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Patio
  • MLSLotSizeSource: KC Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 18.24
  • LeasedItems: None
  • TotalMonthlyIncome: 6395

Multi Family

  • Gross Scheduled Income: 76740
  • Net Operating Income: 55988
  • Number Of Units Total: 4
  • Insurance Expense: 2257
  • Leasable Area: 3392
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2024
  • Tax Annual Amount: 10993

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Aug 22, 2024
Sold by
Boparai Herminder S and Sandhu-Boparai Joshlene
Bought by
Ayume Taban Ronald and Ayume Ourania Matta
Seller's Agent
Phil Auberg
Coldwell Banker Danforth
Buyer's Agent
Kevin Kirkaldie
Coldwell Banker Bain
List Price
$1,400,000
Sold Price
$1,240,000
Premium/Discount to List
-$160,000
-11.43%
Total Days on Market
37
Views
10
Current Estimated Value
$1,294,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,932
Avg. Annual Appreciation
5.71%
Original Mortgage
$992,000
Outstanding Balance
$988,410
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$306,522

Purchase Details

Closed on
Oct 26, 2021
Sold by
Beeken David M and Beeken Kristina M
Bought by
Boparai Herminder S and Sandhu Boparal Joshlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2006
Sold by
Pyle Gregory F
Bought by
Beeken David M and Beeken Kristina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,000
Interest Rate
3%

Purchase Details

Closed on
Sep 17, 1998
Sold by
Aboulhoson Samir F and Aboulhoson Siham S
Bought by
Fyle Gregory F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.88%
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 Type Sale Price Title Company
Warranty Deed $1,240,000 Cw Title
Warranty Deed $1,050,000 Old Republic Title Ltd
Warranty Deed $486,300 First American
Warranty Deed $260,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $992,000 New Conventional
Previous Owner $787,500 New Conventional
Previous Owner $452,000 New Conventional
Previous Owner $448,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $389,000 No Value Available
Previous Owner $195,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2024 08/23/24 Sold $1,240,000 -11.4% $337 / Sq Ft
06/23/2024 06/23/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $1,400,000 -- $380 / 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
2024 $10,854 $1,081,000 $220,000 $861,000
2023 $10,993 $970,000 $185,000 $785,000
2022 $10,471 $922,000 $185,000 $737,000
2021 $9,933 $819,000 $165,000 $654,000
2020 $9,100 $746,000 $165,000 $581,000
2018 $7,358 $569,000 $160,000 $409,000
2017 $6,442 $506,000 $150,000 $356,000
2016 $6,234 $452,000 $150,000 $302,000
2015 $5,132 $418,000 $140,000 $278,000
2014 -- $361,000 $140,000 $221,000
2013 -- $389,000 $140,000 $249,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2202284

Northwest Multiple Listing Service (NWMLS)

APN: 202205-9265