Listed by Nick McLean Real Estate Group, Bought with Laura Mounter Real Estate
NOT LISTED FOR SALE

1261 Montana St Wenatchee, WA 98801

Estimated Value: $428,000 - $452,000

-- Bed
1 Bath
1,590 Sq Ft
$277/Sq Ft Est. Value

Last Sold August 07, 2023

Last sale price $429,000 $270 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,765/month

5 Days on Market

Highlights

  • Territorial View
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • No HOA
  • Wood Siding

About This Home

As of August 2023

Highly sought-after investment opportunity! This duplex offers one level living with 2 bdrm's, 1 bath & 1 covered parking spot for each unit. Appliances included are refrigerators (2), range ovens (1), dishwashers& washers/dryers (1 set). Both units have forced air heating & air conditioning and are currently rented. Rent is month to month. Long term tenants. One leaving in August and 15 yr tenant wants to stay so option to live in one side and rent the other.

Last Agent to Sell the Property

Susan Wall

Nick McLean Real Estate Group License #112451 Listed on: 06/21/2023

Last Buyer's Agent

Lauren Romig

Laura Mounter Real Estate License #111465

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2130111

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,826

Year Built

  • Built in 1952

Lot Details

  • 8,276

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,590 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Parking

  • 2 Parking Spaces
  • Open Parking

Additional Features

  • 8,276 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • Wenatchee Subdivision

Listing and Financial Details

  • Assessor Parcel Number 222009520280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,826

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1952
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1590
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Wenatchee

Lot Info

  • Parcel Number: 222009520280
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16.25
  • LeasedItems: None
  • TotalMonthlyIncome: 2200

Multi Family

  • Gross Scheduled Income: 26400
  • Net Operating Income: 20934
  • Number Of Units Total: 2
  • Insurance Expense: 720
  • Leasable Area: 1590
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2826

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2020
Sold by
Premier 1031 Inc
Bought by
Five And One Investments Llc
Current Estimated Value
$440,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Outstanding Balance
$211,644
Interest Rate
5.5%
Mortgage Type
Land Contract Argmt. Of Sale
Estimated Equity
$220,326

Purchase Details

Closed on
Jul 20, 2020
Sold by
Premier 1031 Inc
Bought by
Communications 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
$227,500
Outstanding Balance
$211,644
Interest Rate
5.5%
Mortgage Type
Land Contract Argmt. Of Sale
Estimated Equity
$220,326

Purchase Details

Closed on
Sep 20, 2018
Sold by
Cm Associates Llc
Bought by
Five And One Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,674,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 17, 2012
Sold by
Worthy Michael D and Worthy Carolyn M
Bought by
Cm Associates Llc

Purchase Details

Closed on
Sep 8, 2008
Sold by
Davenport James F and Davenport Betty C
Bought by
Cherry Manor Associates Llc

Purchase Details

Closed on
Jul 10, 2008
Sold by
Davenport James F and Davenport Betty C
Bought by
Davenport James F and Davenport Betty C
Source: Public Records

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
Five And One Investments Llc -- None Available
Communications Properties Llc $325,000 None Available
Five And One Investments Llc $1,960,000 First American Title
Cm Associates Llc -- First American Title
Cm Associates Llc -- Central Wash Title Svcs Inc
Cherry Manor Llc $33,080 Central Wash Title Svcs Inc
Cm Associates Llc $34,919 Central Wash Title Svcs Inc
Cherry Manor Llc $33,080 Central Wash Title Svcs Inc
Cm Associates Llc $34,919 Central Wash Title Svcs Inc
Cherry Manor Associates Llc -- None Available
Davenport James F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Communications Properties Llc $227,500
Previous Owner Five And One Investments Llc $1,674,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2023 08/07/23 Sold $429,000 0.0% $270 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $429,000 -- $270 / 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
2021 $3,251 $331,562 $72,000 $259,562
2020 $1,611 $339,109 $72,000 $267,109
2019 $1,680 $155,114 $60,000 $95,114
2018 $1,628 $171,079 $60,000 $111,079
2017 $1,320 $135,724 $42,500 $93,224
2016 $1,055 $119,408 $42,500 $76,908
2015 $1,055 $122,901 $42,500 $80,401
2013 $1,055 $114,927 $42,500 $72,427
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2130111

Northwest Multiple Listing Service (NWMLS)

APN: 222009520280