Listed by John L. Scott Snohomish, Bought with eXp Realty
$930,000
SOLD NOV 27, 2024
-- Bed
-- Bath
3,600 Sq Ft
9,790 Sq Ft Lot

Recently Sold

$258 Per Sq Ft

7% Below List Price

113 Days on Market

Highlights

  • Deck
  • Baseboard Heating
  • Wall to Wall Carpet
  • Patio
  • Wood Siding

About This Home

As of November 2024

Amazing investment opportunity with this 4-plex property in the Campus View community. This property features four spacious units, each with a great layout,offering 2 bedrooms,1 full bathroom, fireplace, in-unit washer and dryer, and either a balcony or deck. Units come with a dedicated covered parking spot, plus additional visitor parking. This property is maintained and professionally managed, with the management company handling all details w/owner input, providing hassle-free ownership. Centrally located, and close to shopping, dining, and local parks. Commuters will appreciate the close impropriety to I-5, HWY 99 and HWY 18. Great addition to your investment portfolio, or the start of one!

Last Agent to Sell the Property

Jennifer Rasar

John L. Scott Snohomish License #89139 Listed on: 06/25/2024

John L. Scott Snohomish

Co-Listed By

Nicole Gravelet-Blondin

Windermere Real Estate/Summit License #27000

Last Buyer's Agent

Yifan Zhang

eXp Realty License #120822

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2253028

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,571

Year Built

  • Built in 1977

Lot Details

  • 9,790 Sq Ft Lot
  • Street terminates at a dead end
  • Property is in good condition

HOA Fees

  • $375 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Tile Roof
  • Wood Siding

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Baseboard Heating

Community Details

  • Campus View Condos
  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1322010020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,571

Year Built

Built in 1977

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Campus View
  • New Construction: No
  • CalculatedSquareFootage: 3600
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 335

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Tile
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 5690.64

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 375
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • NWM_OtherDuesOrFeesYN: true

Schools

  • Junior High Dist: Federal Way
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 1322010020
  • Lot Size Acres: 0.2247
  • Lot Size Sq Ft: 9790
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Patio
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 6575

Multi Family

  • Gross Scheduled Income: 83398
  • Net Operating Income: 48353
  • Number Of Units Total: 4
  • Electric Expense: 207.89
  • Insurance Expense: 3023.83
  • Leasable Area: 3600
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 8571

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2024
Closed on
Nov 19, 2024
Sold by
Nevitt Harold Lon
Bought by
Bruno Cooper Llc
Seller's Agent
Jennifer Rasar
John L. Scott Snohomish
Buyer's Agent
Yifan Zhang
eXp Realty
List Price
$995,000
Sold Price
$930,000
Premium/Discount to List
-$65,000
-6.53%
Views
32
Current Estimated Value
$938,010

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,010
Avg. Annual Appreciation
0.52%
Original Mortgage
$697,500
Outstanding Balance
$695,463
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$237,872

Purchase Details

Closed on
Aug 16, 2022
Sold by
Fite Family Trust
Bought by
Nevitt Harold Lon

Purchase Details

Closed on
Apr 13, 2007
Sold by
Fite Betty J
Bought by
Fite Leslie R and Fite Betty J
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $930,000 Chicago Title
Quit Claim Deed -- Richard L Hoefel Pllc
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $697,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $930,000 -6.5% $258 / Sq Ft
10/16/2024 10/16/24 Pending -- -- --
06/25/2024 06/25/24 For Sale $995,000 -- $276 / 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 $8,792 $806,000 $200,000 $606,000
2023 $8,534 $776,000 $160,000 $616,000
2022 $9,323 $870,000 $140,000 $730,000
2021 $9,431 $825,000 $120,000 $705,000
2020 $7,609 $785,000 $120,000 $665,000
2018 $6,782 $543,000 $120,000 $423,000
2017 $6,160 $472,000 $100,000 $372,000
2016 $6,276 $428,000 $100,000 $328,000
2015 -- $418,000 $68,000 $350,000
2014 -- $384,000 $75,000 $309,000
2013 -- $385,000 $75,000 $310,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2253028

Northwest Multiple Listing Service (NWMLS)

APN: 132201-0020