Listed by CENTURY 21 Real Estate Center, Bought with Better Properties NW
NOT LISTED FOR SALE

1116 W Wakefield St Elma, WA 98541

Estimated Value: $214,000 - $848,193

-- Bed
-- Bath
3,168 Sq Ft
$192/Sq Ft Est. Value

Last Sold February 02, 2021

Last sale price $585,000 $185 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,487/month

14 Days on Market

Highlights

  • Corner Lot
  • High Speed Internet
  • Wall to Wall Carpet
  • Thermal Windows
  • Mini Split Air Conditioners
  • 1-Story Property

About This Home

As of February 2021

Newer Rental Units in High Demand Rental Market! Two Duplexes (Four Units) on one parcel means this property is eligible for Owner Occupied Financing. Most are long term tenants and have below market rents! All units are 2 Bdrm, 1 Bath with Washer/Dryer Hookup. Kitchen comes with all Kitchen Appliances and has small Pantry and plenty of functional space! Walk in Closet in Main Bdrm! Carports with secure storage areas and off street parking! Fully paved! Ductless Heat pumps were added a few years ago for efficient and comfortable units! Property is fully occupied so please do not disturb the tenants!

Last Agent to Sell the Property

Jill Warne

CENTURY 21 Real Estate Center License #7382 Listed on: 12/18/2020

CENTURY 21 Real Estate Center

Last Buyer's Agent

Andre Scott

Better Properties NW License #110296

Better Properties NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1710962

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,122

Year Built

  • Built in 1996

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 101x123
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 3,168 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Utilities

  • Mini Split Air Conditioners
  • High Speed Internet
  • Cable TV Available

Community Details

  • Eureka Condos
  • Elma Subdivision

Listing and Financial Details

  • Legal Lot and Block 19-22 / 6
  • Assessor Parcel Number 044500601900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,122

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1996
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Eureka
  • New Construction: No
  • CalculatedSquareFootage: 3168
  • Special Features: None
  • Cumulative Days on Market: 347

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • 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
  • Water Source: See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: GH PUD
  • SewerCompany: City of Elma
  • WaterCompany: City of Elma
  • WaterSewerGarbage: 5086

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Elma

Lot Info

  • Parcel Number: 044500601900
  • Lot Size Acres: 0.287
  • Lot Size: 101x123
  • Lot Size Sq Ft: 12500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: City
  • LotNumber: 19-22

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3625

Multi Family

  • Gross Scheduled Income: 43500
  • Net Operating Income: 34164
  • Number Of Units Total: 4
  • Insurance Expense: 1128
  • Leasable Area: 3168
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3122

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2020
Closed on
Jan 27, 2021
Sold by
Sanders Clarence D and Sanders Teresa J
Bought by
Tatt 1 Llc
Seller's Agent
Jill Warne
CENTURY 21 Real Estate Center
Buyer's Agent
Andre Scott
Better Properties NW
List Price
$599,900
Sold Price
$585,000
Premium/Discount to List
-$14,900
-2.48%
Current Estimated Value
$731,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,359
Avg. Annual Appreciation
5.52%
Original Mortgage
$538,025
Interest Rate
2.67%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 7, 2012
Sold by
Carlson Joshua D and Tucker Thomas A
Bought by
Sanders Clarence D and Sanders Teresa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.84%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Tatt 1 Llc $585,000 Pacific Title
Sanders Clarence D $245,000 Pacific Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tatt 1 Llc $1,300,500
Closed Tatt 1 Llc $538,025
Previous Owner Sanders Clarence D $128,000
Previous Owner Sanders Clarence D $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2021 02/02/21 Sold $585,000 -2.5% $185 / Sq Ft
01/01/2021 01/01/21 Pending -- -- --
12/18/2020 12/18/20 For Sale $599,900 -- $189 / 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 $5,376 $563,072 $67,238 $495,834
2023 $5,957 $563,072 $67,238 $495,834
2022 $4,539 $406,948 $53,790 $353,158
2021 $3,356 $406,948 $53,790 $353,158
2020 $3,122 $302,574 $50,750 $251,824
2019 $2,440 $274,832 $35,000 $239,832
2018 $3,224 $234,860 $35,000 $199,860
2017 $3,179 $234,860 $35,000 $199,860
2016 $2,634 $234,860 $35,000 $199,860
2014 -- $214,400 $35,000 $179,400
2013 -- $221,050 $35,000 $186,050
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1710962

Northwest Multiple Listing Service (NWMLS)

APN: 044500601900