NOT LISTED FOR SALE

126 W Main St Monroe, WA 98272

Monroe Area
-- Beds
-- Baths
4,968 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: May 5, 2017

Last sale price $700,000 $141 Per Sq Ft

769 Days on Market

Highlights

  • Deck
  • Patio
  • Partially Fenced Property
  • Thermal Windows
  • Disabled Access
  • Wood Siding

About This Home

As of May 2017

Residential/commercial, in multiple buildings. The old Monroe hospital. Many building/unit upgrades (roof/paint, etc.) always rented fully with a long waiting list. Additional income from laundry, utility collection, etc. Common spaces, and private access, all units individually metered. Good manager, good cap rate. Could significantly reduce expenses with quality water use upgrades for showers. Monthly Income $6909, Motivated Seller, huge turnkey opp! Please don't let renters know about sale.

Last Agent to Sell the Property

Luke Larson

Larson Real Estate License #17656 Listed on: 02/10/2015

Last Buyer's Agent

Luke Larson

Larson Real Estate License #17656 Listed on: 02/10/2015

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 741674

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,992

Year Built

  • Built in 1903

Lot Details

  • 8,712 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Parking

  • Open Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3-Story Property
  • Thermal Windows

Outdoor Features

  • Deck
  • Patio

Additional Features

  • Disabled Access
  • Cable TV Available

Community Details

  • In Town Monroe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 005174040001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,992

Year Built

Built in 1903

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Accessibility Features: Other
  • Year Built: 1903
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Property Condition: Good

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Security: SecuritySystem, FullyFenced
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric

Schools

  • Junior High Dist: Monroe

Lot Info

  • Parcel Number: 005174040001
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Disabled Access,Fenced-Partially,Gas Available,Patio
  • MLSLotSizeSource: Owner

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 6909

Tax Info

  • Year: 2014
  • Tax Annual Amount: 4992

Multi Family

  • Number Of Units Total: 9
  • Electric Expense: 1800
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2015
Closed on
Apr 28, 2017
Sold by
Bought by
Seller's Agent
Luke Larson
Larson Real Estate
Buyer's Agent
Luke Larson
Larson Real Estate
List Price
$775,000
Sold Price
$700,000
Premium/Discount to List
-$75,000
-9.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$427,664
Interest Rate
4.23%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 28, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 26, 1992
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$700,000 Old Republic Title Ltd
$378,000 Chicago Title
-- --
$250,000 Transamerica Title Insurance
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $525,000
Previous Owner $346,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/05/2017 05/05/17 Sold $700,000 -9.7% $141 / Sq Ft
03/21/2017 03/21/17 Pending -- -- --
02/10/2015 02/10/15 For Sale $775,000 -- $156 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,107 $1,163,900 $343,600 $820,300
2025 $9,243 $1,139,400 $331,100 $808,300
2024 $9,243 $1,144,100 $296,300 $847,800
2023 $7,764 $1,042,700 $289,600 $753,100
2022 $8,263 $885,000 $208,800 $676,200
2020 $7,420 $766,000 $179,400 $586,600
2019 $6,772 $690,000 $168,000 $522,000
2018 $6,038 $504,000 $154,200 $349,800
2017 $5,244 $458,000 $154,200 $303,800
2016 $5,325 $428,000 $154,200 $273,800
2015 $5,052 $382,000 $154,200 $227,800
2013 $5,031 $348,000 $154,200 $193,800
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 741674

Northwest Multiple Listing Service (NWMLS)

APN: 00517404000100

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