Listed by Windermere Real Estate/East, Bought with Best Choice Realty LLC
NOT LISTED FOR SALE

15921 179th Ave SE Monroe, WA 98272

Estimated Value: $740,000 - $795,000

3 Beds
2 Baths
2,372 Sq Ft
$326/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $627,100 $264 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,632/month

6 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • High Speed Internet
  • Secluded Lot
  • Thermal Windows
  • Property is in very good condition

About This Home

As of April 2021

Nestled at the end of a private drive, this one-of-a-kind cedar-clad duplex will exceed your expectations! The spacious greatroom designs enjoy vaulted ceilings, amazing light from oversized south-facing windows, large kitchens, huge wrap-around decks, a serene yard/garden, natural gas, washer/dryers, carport/ storage/extra parking, and much more! Strategic location close to all downtown amenities & easy access to the Eastside & Seattle. Monroe is on the move! Many options - excellent owner-occupied rental opportunity, multi-generational living, or great rental investment. Both homes are currently leased to long-term tenants. Current pandemic cap rate remains at 5.1%, but pro forma cap rate is 6%. Showings by Appt Only on 3/27, 3/28, 3/29.

Last Agent to Sell the Property

Nina Ariani

Windermere Real Estate/East License #90534 Listed on: 03/24/2021

Windermere Real Estate/East

Co-Listed By

Tom Wasil

Windermere Real Estate/East License #52537

Last Buyer's Agent

Jinyu Gao

Best Choice Realty LLC License #130957

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1747129

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,952

Year Built

  • Built in 1996

Lot Details

  • 9,148 Sq Ft Lot
  • Partially Fenced Property
  • Secluded Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,372 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Monroe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27060100309500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,952

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1996
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2372
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 375

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Monroe
  • WaterCompany: City of Monroe
  • WaterSewerGarbage: 4306

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Monroe

Lot Info

  • Parcel Number: 27060100309500
  • Lot Size Acres: 0.21
  • Lot Size: 9,148 square feet
  • Lot Size Sq Ft: 9148
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3742

Multi Family

  • Gross Scheduled Income: 44905
  • Net Operating Income: 31272
  • Number Of Units Total: 2
  • Electric Expense: 1696
  • Insurance Expense: 760
  • Leasable Area: 2372
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4952

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
Apr 29, 2021
Sold by
Gao Jinyu
Bought by
Zhou Qian
Seller's Agent
Nina Ariani
Windermere Real Estate/East
Buyer's Agent
Jinyu Gao
Best Choice Realty LLC
List Price
$615,000
Sold Price
$627,100
Premium/Discount to List
$12,100
1.97%
Current Estimated Value
$773,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,802
Avg. Annual Appreciation
5.09%
Original Mortgage
$427,500
Outstanding Balance
$390,961
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$387,536

Purchase Details

Listed on
Mar 24, 2021
Closed on
Apr 26, 2021
Sold by
Morrison Steven R and Morrison Darawan C
Bought by
Zhou Qian
Seller's Agent
Nina Ariani
Windermere Real Estate/East
Buyer's Agent
Jinyu Gao
Best Choice Realty LLC
List Price
$615,000
Sold Price
$627,100
Premium/Discount to List
$12,100
1.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Outstanding Balance
$390,961
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$387,536

Purchase Details

Closed on
Apr 23, 2015
Sold by
Petrick Ronald Lee and Carlson Lisa Ann
Bought by
Morrison Steven R and Chaiyapathna Darawan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
3.73%
Mortgage Type
New Conventional
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
Zhou Qian -- Wfg Natl Ttl Co Of Wa Llc
Zhou Qian $627,100 Wfg Natl Ttl Co Of Wa Llc
Morrison Steven R $350,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhou Qian $427,500
Previous Owner Morrison Steven R $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $627,100 +2.0% $264 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $615,000 -- $259 / 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 $5,379 $689,000 $285,000 $404,000
2024 $5,379 $664,600 $266,000 $398,600
2023 $5,202 $697,300 $285,000 $412,300
2022 $5,517 $590,100 $201,400 $388,700
2020 $4,952 $510,400 $181,500 $328,900
2019 $4,406 $448,200 $156,800 $291,400
2018 $5,028 $419,200 $133,000 $286,200
2017 $4,407 $384,400 $117,800 $266,600
2016 $4,505 $361,700 $102,000 $259,700
2015 $3,910 $295,300 $84,000 $211,300
2013 $3,173 $219,100 $64,000 $155,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1747129

Northwest Multiple Listing Service (NWMLS)

APN: 270601-003-095-00