NOT LISTED FOR SALE

1615 1617 4th St SE Auburn, WA 98002

Plateau Neighborhood

Estimated Value: $673,000 - $858,000

8 Beds
4 Baths
7,960 Sq Ft
$94/Sq Ft Est. Value

Last Sold May 14, 2019

Last sale price $1,380,000 $173 Per Sq Ft

Est. 46% decrease in value since last sale

Current estimated payment $4,894/month

87 Days on Market

Highlights

  • 0.83 Acre Lot
  • Corner Lot
  • 1-Story Property
  • Wood Flooring

About This Home

As of May 2019

The Auburn 10 is a ten unit apartment community located between downtown Auburn and the Green River. It is composed of five adjacent duplexes over three tax parcels and offers a new investor the opportunity to significantly raise rents immediately to capture substantial rental upside. This is a great opportunity for a local or entry level investor to purchase as asset that can be immediately re-positioned to capture a significant increase in both equity and cash flow.

Last Agent to Sell the Property

Alfred Anderson

Pacific Crest License #111625 Listed on: 01/04/2019

Last Buyer's Agent

Andy Keating

Windermere Real Estate Central License #81040

Windermere Real Estate Central

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1402086

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,272

Year Built

  • Built in 1961

Lot Details

  • 0.83 Acre Lot
  • Street terminates at a dead end
  • Corner Lot

Parking

  • 16 Parking Spaces

Home Design

  • Composition Roof

Interior Spaces

  • 7,960 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Community Details

  • Auburn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1721059131

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,272

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1961
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7960
  • Special Features: None
  • Cumulative Days on Market: 402

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Interior Amenities: Hardwood, Laminate Tile
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: See Remarks
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 16
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 1721059131
  • Lot Size Acres: 0.8343
  • Lot Size Sq Ft: 36344
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 9081

Multi Family

  • Gross Scheduled Income: 108972
  • Net Operating Income: 62851
  • Number Of Units Total: 6
  • Insurance Expense: 2500
  • Leasable Area: 7960
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2018
  • Tax Annual Amount: 18272

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
May 1, 2019
Sold by
Taylor Mark A and Wood Lindi D
Bought by
Wright David
Seller's Agent
Alfred Anderson
Pacific Crest
Buyer's Agent
Andy Keating
Windermere Real Estate Central
List Price
$1,395,000
Sold Price
$1,380,000
Premium/Discount to List
-$15,000
-1.08%
Current Estimated Value
$751,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$628,376
Avg. Annual Appreciation
-9.36%
Original Mortgage
$414,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2004
Sold by
Stone Joseph A and Stone Joan Louise
Bought by
Taylor Mark A and Wood Lindi D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,400
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wright David $552,000 Chicago Title
Taylor Mark A $383,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright David $424,000
Closed Wright David $414,000
Previous Owner Taylor Mark A $306,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2019 05/14/19 Sold $1,380,000 0.0% $173 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
04/01/2019 04/01/19 Off Market $1,380,000 -- --
01/04/2019 01/04/19 For Sale $1,395,000 -- $175 / 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
2024 $8,921 $752,000 $157,000 $595,000
2023 $7,929 $661,000 $126,000 $535,000
2022 $7,326 $691,000 $137,000 $554,000
2021 $7,055 $549,000 $110,000 $439,000
2020 $6,400 $500,000 $103,000 $397,000
2018 $6,684 $469,000 $93,000 $376,000
2017 $5,942 $428,000 $85,000 $343,000
2016 $5,132 $380,000 $81,000 $299,000
2015 $5,008 $348,000 $75,000 $273,000
2014 -- $329,000 $71,000 $258,000
2013 -- $257,000 $65,000 $192,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1402086

Northwest Multiple Listing Service (NWMLS)

APN: 172105-9131