Listed by eXp Realty, Bought with Windermere RE West Campus Inc
NOT LISTED FOR SALE

Estimated Value: $922,450 - $963,000

8 Beds
4 Baths
3,220 Sq Ft
$293/Sq Ft Est. Value

Last Sold August 10, 2018

Last sale price $585,000 $182 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,796/month

5 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • Wall to Wall Carpet
  • Corner Lot

About This Home

As of August 2018

Turnkey 4-plex in vibrant, convenient Auburn. Easy access to shopping, freeways, public transportation makes it easy to keep fully occupied.All units fully occupied, rented at just under $1,100/mo avg w/increases possible.Great income producing property for investors. Also, excellent owner-occupied opportunity: live in one unit - rent other 3 to cover your costs, qualify for owner-occupied financing. Many recent interior/exterior upgrades.Do not disturb tenants-Interior showings with mutual PSA

Last Agent to Sell the Property

Brian Flora

eXp Realty License #118215 Listed on: 06/27/2018

eXp Realty

Last Buyer's Agent

Bret Lane

Windermere RE West Campus Inc License #27607

Windermere RE West Campus Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1317475

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,922

Year Built

  • Built in 1983

Lot Details

  • 10,303 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,220 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet
  • Territorial Views

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Auburn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5409000010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,922

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1983
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3220
  • SOCComments: 3
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: 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
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Auburn
  • WaterCompany: City of Auburn
  • WaterSewerGarbage: 5100

Schools

  • Junior High Dist: Auburn
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 5409000010
  • Lot Size Acres: 0.2365
  • Lot Size Sq Ft: 10303
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 4420

Multi Family

  • Gross Scheduled Income: 52200
  • Net Operating Income: 34358
  • Number Of Units Total: 4
  • Electric Expense: 577
  • Insurance Expense: 2283
  • Leasable Area: 3100
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 6922

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2018
Closed on
Aug 7, 2018
Sold by
Goin Stephanie
Bought by
Nitchipor Li Chin E and Nitchipor Igor
Seller's Agent
Brian Flora
eXp Realty
Buyer's Agent
Bret Lane
Windermere RE West Campus Inc
List Price
$550,000
Sold Price
$585,000
Premium/Discount to List
$35,000
6.36%
Current Estimated Value
$943,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,863
Avg. Annual Appreciation
6.91%
Original Mortgage
$351,000
Outstanding Balance
$304,829
Interest Rate
4.5%
Estimated Equity
$639,034

Purchase Details

Listed on
Jun 3, 2015
Closed on
Jul 19, 2015
Sold by
Garot Eugene O and Garot Joan L
Bought by
Triplett John and Triplett Beverly F
List Price
$384,950
Sold Price
$384,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.71%
Original Mortgage
$288,712
Interest Rate
4.01%

Purchase Details

Closed on
Jul 12, 2012
Sold by
Garot Eugene O and Garot Joan L
Bought by
Garot Eugene O and Garot Joan L

Purchase Details

Closed on
May 30, 2003
Sold by
Garot Eugene O and Garot Joan L
Bought by
Garot Eugene O and Garot Joan L

Purchase Details

Closed on
Dec 3, 1998
Sold by
Flores Michael and Flores Maria S
Bought by
Garot Eugene O and Garot Joan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.78%
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
Nitchipor Li Chin E $585,000 Cw Title
Triplett John $384,950 First American
Garot Eugene O -- None Available
Garot Eugene O -- --
Garot Eugene O -- Ticor National
Garot Eugene O $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nitchipor Li Chin E $351,000
Previous Owner Triplett John $288,712
Previous Owner Garot Eugene O $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2018 08/10/18 Sold $585,000 +6.4% $182 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $550,000 +42.9% $171 / Sq Ft
07/22/2015 07/22/15 Sold $384,950 0.0% $120 / Sq Ft View Prior Sale
06/09/2015 06/09/15 Pending -- -- --
06/03/2015 06/03/15 For Sale $384,950 -- $120 / 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 $9,264 $783,000 $103,000 $680,000
2023 $9,148 $800,000 $103,000 $697,000
2022 $8,660 $803,000 $90,000 $713,000
2021 $8,214 $654,000 $80,000 $574,000
2020 $8,053 $586,000 $80,000 $506,000
2018 $6,922 $530,000 $75,000 $455,000
2017 $6,341 $444,000 $75,000 $369,000
2016 $5,657 $407,000 $75,000 $332,000
2015 $4,501 $386,000 $75,000 $311,000
2014 -- $293,000 $75,000 $218,000
2013 -- $275,000 $75,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1317475

Northwest Multiple Listing Service (NWMLS)

APN: 540900-0010