Listed by Windermere Real Estate/M2, LLC
NOT LISTED FOR SALE

15401 King St Monroe, WA 98272

Estimated Value: $1,002,414 - $1,214,000

8 Beds
4 Baths
3,816 Sq Ft
$294/Sq Ft Est. Value

Last Sold February 17, 2015

Last sale price $415,000 $109 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $6,612/month

33 Days on Market

Highlights

  • 0.28 Acre Lot
  • Corner Lot
  • Partially Fenced Property
  • Territorial View
  • Patio
  • Wood Siding

About This Home

As of February 2015

Terrific 4-plex with units that rent easily with $45,000 annual income! Stately building situated on a corner with terrific visibility, across from Blueberry Children’s Park in downtown Monroe. All units rented. Coin Op Laundry. New roof in 2011. 7% CAP! Rent has just been increased to $975/unit and all units will rent for that. Seller has just completed $50,000 in improvements throughout! These units have indiv. laundry rms ready for individual W/D's if the new owner chooses to add those later

Last Agent to Sell the Property

Laura Gumnick

Windermere Real Estate/M2, LLC License #8478 Listed on: 11/14/2014

Windermere Real Estate/M2, LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 717044

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,478

Year Built

  • Built in 1986

Lot Details

  • 0.28 Acre Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,816 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Community Details

  • In Town Monroe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00707200001000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,478

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1986
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3816
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City
  • WaterCompany: City
  • WaterSewerGarbage: 8100

Schools

  • Junior High Dist: Monroe

Lot Info

  • Parcel Number: 00707200001000
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12197
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: public records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 3825

Multi Family

  • Gross Scheduled Income: 45000
  • Net Operating Income: 30882
  • Number Of Units Total: 4
  • Electric Expense: 900
  • Insurance Expense: 1540
  • Leasable Area: 3816
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2013
  • Tax Annual Amount: 4478

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2014
Closed on
Jan 5, 2015
Sold by
Heatseeker Llc
Bought by
Buse Bing Paul and Buse Bing Heidi
Seller's Agent
Laura Gumnick
Windermere Real Estate/M2, LLC
List Price
$465,000
Sold Price
$415,000
Premium/Discount to List
-$50,000
-10.75%
Current Estimated Value
$1,123,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$708,604
Avg. Annual Appreciation
9.78%

Purchase Details

Closed on
Feb 7, 2006
Sold by
Walsh Michael and Walsh Kellie
Bought by
Heatseeker Llc

Purchase Details

Closed on
Dec 1, 2005
Sold by
Ober Myrna G
Bought by
Walsh Michael and Walsh Kellie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.14%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 11, 1995
Sold by
Ober Myrna G
Bought by
Ober Myrna G and Myrna G Ober Revocable Living Trust
Source: Public Records

Range of Values:

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Average Value
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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
Buse Bing Paul $415,000 Chicago Title Company
Heatseeker Llc -- None Available
Walsh Michael $425,000 First American Title Ins Co
Ober Myrna G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walsh Michael $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2015 02/17/15 Sold $415,000 -10.8% $109 / Sq Ft
12/18/2014 12/18/14 Pending -- -- --
11/14/2014 11/14/14 For Sale $465,000 -- $122 / 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 $7,854 $971,000 $361,900 $609,100
2024 $7,854 $971,000 $356,400 $614,600
2023 $7,240 $971,000 $353,100 $617,900
2022 $6,646 $711,000 $239,800 $471,200
2020 $5,384 $555,000 $180,400 $374,600
2019 $5,051 $514,000 $147,500 $366,500
2018 $5,037 $420,000 $142,000 $278,000
2017 $4,379 $382,000 $129,000 $253,000
2016 $4,497 $361,000 $123,000 $238,000
2015 $4,541 $343,000 $118,000 $225,000
2013 $4,429 $306,000 $118,000 $188,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 717044

Northwest Multiple Listing Service (NWMLS)

APN: 007072-000-010-00