Listed by Real Broker LLC, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

1307 10th Ave Milton, WA 98354

Estimated Value: $701,208 - $788,000

4 Beds
3 Baths
18,041 Sq Ft
$41/Sq Ft Est. Value

Last Sold March 20, 2018

Last sale price $3,200,000 $177 Per Sq Ft

Current estimated payment $4,494/month

55 Days on Market

Highlights

  • 2.84 Acre Lot
  • Deck
  • Dog Run
  • Discovery Primary School Rated A-
  • Thermal Windows
  • Partially Fenced Property

About This Home

As of March 2018

23-unit apartment complex located in the desirable community of Milton. Property underwent a complete & immaculate remodel in 2017 with new unit interiors, windows throughout, plumbing/mechanical systems & more. Fully occupied w/ quality tenants; a solid turn-key investment property; 6.7% Cap Rate with Good Cashflow! Onsite coin-op laundry facility, storage, & a space for an office. Sale includes 3 parcels (2.75 acres) with opportunity for further development. Near I5, Transit, & Amenities.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 12/01/2017

Last Buyer's Agent

Paul Waln

Skyline Properties, Inc. License #21001225

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1220368

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,472

Year Built

  • Built in 1951

Lot Details

  • 2.84 Acre Lot
  • Dog Run
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 18,041 Sq Ft Home
  • 4-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 51 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Endeavour Intermed Elementary School
  • Surprise Lake Mid Middle School
  • Fife High School

Community Details

  • Milton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5985002380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,472

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1951
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 18041
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2%
  • Special Features: None
  • Cumulative Days on Market: 401

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Playground,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Block, Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: No
  • Open Parking Spaces: 43
  • Open Parking: Yes
  • Total Parking Spaces: 51
  • ParkingUncoveredSpaces: 43

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Milton
  • SewerCompany: Pierce
  • WaterCompany: Milton
  • WaterSewerGarbage: 17600

Schools

  • Junior High Dist: Fife
  • High School: Fife High
  • Middle Or Junior School: Surprise Lake Mid

Lot Info

  • Parcel Number: 5985002380
  • Lot Size Acres: 2.84
  • Lot Size Sq Ft: 123710
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Dog Run,Fenced-Partially
  • MLSLotSizeSource: Public Record
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 23180

Multi Family

  • Gross Scheduled Income: 277740
  • Net Operating Income: 231022
  • Number Of Units Total: 23
  • Electric Expense: 6100
  • Insurance Expense: 5000
  • Leasable Area: 15176
  • UnitsInBuildingTotal: 23
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 16472

MLS Schools

  • Elementary School: Endeavour Intermed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2010
Sold by
Union Bank Na
Bought by
Meyers Dean B
Current Estimated Value
$749,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,957
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2010
Sold by
Federal Deposit Insurance Corporation
Bought by
Union Bank Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,957
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2009
Sold by
South Fork Homes Llc
Bought by
Frontier Bank
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
Meyers Dean B $299,950 Chicago Title
Union Bank Na -- Chicago Title
Frontier Bank $797,345 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyers Dean B $224,000
Closed Meyers Dean B $254,957
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2018 03/20/18 Sold $3,200,000 -7.2% $177 / Sq Ft
01/26/2018 01/26/18 Pending -- -- --
12/01/2017 12/01/17 For Sale $3,450,000 +86.5% $191 / Sq Ft
11/28/2016 11/28/16 Sold $1,850,000 0.0% $103 / Sq Ft
09/18/2016 09/18/16 Pending -- -- --
09/06/2016 09/06/16 For Sale $1,850,000 0.0% $103 / Sq Ft
08/26/2016 08/26/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $1,850,000 -- $103 / 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 $6,225 $648,000 $230,700 $417,300
2024 $6,225 $640,300 $180,600 $459,700
2023 $6,225 $622,500 $174,900 $447,600
2022 $6,210 $576,000 $186,300 $389,700
2021 $6,755 $511,500 $133,700 $377,800
2019 $5,675 $474,200 $103,000 $371,200
2018 $5,310 $445,600 $92,300 $353,300
2017 $4,481 $417,200 $76,800 $340,400
2016 $3,885 $322,400 $58,300 $264,100
2014 $3,455 $303,200 $52,500 $250,700
2013 $3,455 $274,500 $45,200 $229,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1220368

Northwest Multiple Listing Service (NWMLS)

APN: 598500-2361