NOT LISTED FOR SALE

1265 3rd St NE East Wenatchee, WA 98802

Estimated Value: $492,907 - $664,000

4 Beds
2 Baths
2,184 Sq Ft
$251/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $550,000 $252 Per Sq Ft

Current estimated payment $3,071/month

78 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • 1-Story Property
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of May 2019

Investment portfolio of TWO well maintained duplex buildings with 100% occupancy of all 4 units. Desirable East Wenatchee location. These homes have nicely laid out floor plans with 3 BR, 1-3/4 BA, including a Master and Bathroom En suite, Dining Room, Family Room, Kitchen, Laundry Room with an in unit washer and dryer. Porches off the back lead into private fenced yards. Projected 7.87% CAP Rate.

Last Listed By

Jordan Stockwell

Premier One Properties License #128251 Listed on: 01/07/2019

Premier One Properties

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1398292

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,350

Year Built

  • Built in 1978

Lot Details

  • 0.46 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 10 Parking Spaces
  • Open Parking

Schools

  • Roberteleeelem Elementary School
  • Eastmont Snr High School

Community Details

  • East Wenatchee Subdivision

Listing and Financial Details

  • Assessor Parcel Number 60100201204

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,350

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1978
  • Buyer Agency Compensation: 3/1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 328

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Tile
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Metal
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 4224

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Eastmont
  • High School: Eastmont Snr High

Lot Info

  • Parcel Number: 60100201204
  • Lot Size Acres: 0.46
  • Lot Size Sq Ft: 20038
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 62400

Multi Family

  • Gross Scheduled Income: 62400
  • Net Operating Income: 51186
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 4368
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5350

MLS Schools

  • Elementary School: RobertELeeElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2019
Closed on
May 22, 2019
Sold by
Schott Frederick C and Schott Glenda M
Bought by
Chavez Eric B and Ramirez Selene
Seller's Agent
Jordan Stockwell
Premier One Properties
List Price
$650,000
Sold Price
$550,000
Premium/Discount to List
-$100,000
-15.38%
Total Days on Market
78
Current Estimated Value
$547,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,023
Avg. Annual Appreciation
0.06%
Original Mortgage
$233,750
Outstanding Balance
$207,638
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$344,304

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
Chavez Eric B $319,935 First American Ttl Wenatchee
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Eric B $50,000
Open Chavez Eric B $233,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2019 05/24/19 Sold $550,000 -15.4% $252 / Sq Ft
03/26/2019 03/26/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $650,000 -- $298 / 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 $400 $400,500 $100,000 $300,500
2024 $3,839 $408,500 $100,000 $308,500
2023 $4,079 $377,900 $100,000 $277,900
2022 $3,677 $321,200 $80,000 $241,200
2021 $3,317 $321,200 $80,000 $241,200
2020 $3,224 $265,000 $72,000 $193,000
2018 $2,940 $233,400 $60,000 $173,400
2017 $2,358 $233,400 $60,000 $173,400
2016 $1,737 $200,600 $60,000 $140,600
2015 $1,812 $155,700 $60,000 $95,700
2014 -- $155,700 $60,000 $95,700
2013 -- $155,700 $60,000 $95,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1398292

Northwest Multiple Listing Service (NWMLS)

APN: 60-10-02-01204