NOT LISTED FOR SALE

1119 Cedar Ln East Wenatchee, WA 98802

Estimated Value: $608,361 - $805,000

8 Beds
12 Baths
4,104 Sq Ft
$176/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $655,000 $160 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,082/month

8 Days on Market

Highlights

  • Mountain View
  • Vinyl Plank Flooring
  • Baseboard Heating

About This Home

As of June 2023

Looking for an excellent investment opportunity? Check out our newly listed 4-plex! This property features TWO 3-bedroom units with covered decks, TWO 1-bedroom units, and three covered parking spaces. YOU can take a look at a 3 bedroom unit that has been recently updated with new paint, flooring, appliances and new kitchen including granite countertops. The other 3 units are waiting for your touches and or updates. 2 Private laundry rooms, and 1 coin operated. The property is fully landscaped with views. Don't miss out on the chance to own this valuable asset! YOU can live in one unit and rent the other 3 units to help make your payment.

Last Listed By

Ashley Stanaway

RE/MAX Advantage License #117125 Listed on: 04/25/2023

RE/MAX Advantage

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2057419

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,586

Year Built

  • Built in 1968

Lot Details

  • 0.27 Acre Lot
  • Property is in good condition

HOA Fees

  • $224 Monthly HOA Fees

Property Views

  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 4,104 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 4 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Schools

  • Eastmont Jnr High Middle School
  • Eastmont Snr High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Community Details

  • East Wenatchee Subdivision

Listing and Financial Details

  • Assessor Parcel Number 067000003000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,586

Year Built

Built in 1968

Lot Details

0

HOA Fees

$224 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4104
  • SOCComments: See Form 7F - agent must attend showing
  • Special Features: VirtualTour
  • Cumulative Days on Market: 265

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Douglas county PUD
  • SewerCompany: City of East Wenatchee
  • WaterCompany: EWWD
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 224
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Eastmont
  • High School: Eastmont Snr High
  • Middle Or Junior School: Eastmont Jnr High

Lot Info

  • Parcel Number: 067000003000
  • Lot Size Acres: 0.27
  • Lot Size Sq Ft: 11761
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: assessor
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.37
  • LeasedItems: None
  • TotalMonthlyIncome: 4775

Multi Family

  • Gross Scheduled Income: 48600
  • Net Operating Income: 41596
  • Number Of Units Total: 4
  • Insurance Expense: 950
  • Leasable Area: 4104
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 25

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4586

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
Jun 20, 2023
Sold by
Columbia Village Properties Llc
Bought by
Gingerich Andrew and Gingerich Tamara
Seller's Agent
Ashley Stanaway
RE/MAX Advantage
Buyer's Agent
Ashley Stanaway
RE/MAX Advantage
List Price
$649,900
Sold Price
$655,000
Premium/Discount to List
$5,100
0.78%
Total Days on Market
8
Views
89
Current Estimated Value
$722,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,090
Avg. Annual Appreciation
5.21%
Original Mortgage
$458,500
Outstanding Balance
$449,118
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$272,972

Purchase Details

Closed on
Dec 2, 2014
Sold by
Harrison Phillip E and Harrison Debbie
Bought by
Columbia Village Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,051
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Gingerich Andrew $655,000 Fig Title
Columbia Village Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gingerich Andrew $458,500
Previous Owner Columbia Village Properties Llc $388,051
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 Sold $655,000 +0.8% $160 / Sq Ft
05/04/2023 05/04/23 Off Market $649,900 -- --
05/03/2023 05/03/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $649,900 -- $158 / 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 $10,020 $582,700 $110,000 $472,700
2024 $5,140 $589,900 $110,000 $479,900
2023 $5,131 $511,100 $110,000 $401,100
2022 $4,796 $441,700 $88,000 $353,700
2021 $4,292 $441,700 $88,000 $353,700
2020 $4,197 $362,200 $79,200 $283,000
2018 $3,894 $321,900 $60,000 $261,900
2017 $3,306 $321,900 $60,000 $261,900
2016 $2,614 $294,900 $60,000 $234,900
2015 $2,726 $234,300 $60,000 $174,300
2014 -- $234,300 $60,000 $174,300
2013 -- $234,300 $60,000 $174,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2057419

Northwest Multiple Listing Service (NWMLS)

APN: 06-70-00-00300