NOT LISTED FOR SALE

19835 SE 248th St Maple Valley, WA 98038

6 Acres
-- Price per Acre
280,526 Sq Ft Lot

Last Sold August 15, 2019

Last sale price $500,000

380 Days on Market

About This Lot

As of August 2019

SHOVEL READY 6.44 ac w/(2) 20,000sf warehouses!. HIGHWAY 18 EXPOSURE! Approx 1,100’ along Highway 18 on the south edge. Highway 18 General Industrial Use or I-502 Development Project in Maple Valley (King Co jurisdiction). Both the Commercial Site Development & Building Permit are now in hand! SEPA-DNS. Project is ready for general industrial development or I-502. Requires septic. Access from community private road. Seller Financing Available for 1st DOT. Bring offers, let's get this sold!

Last Agent to Sell the Property

Jen Hudson

Windermere Real Estate/M2, LLC License #23961 Listed on: 06/12/2018

Windermere Real Estate/M2, LLC

Co-Listed By

Duane Petzoldt

Windermere Real Estate/M2, LLC License #133158

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1310804

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $58,587

Year Built

  • 2020

Lot Details

Additional Features

  • Street terminates at a dead end
  • Sewer Not Available

Community Details

  • Maple Valley Community

Listing and Financial Details

  • Assessor Parcel Number 2022069011

Property Details

Property Type

Land

Est. Annual Taxes

$58,587

Year Built

2020

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Style: 43 - Comm/Industrial
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2020

Exterior Features

  • Road Information: Gravel, Privately Maintained
  • Road On Which Sideof Property: Hwy 18 on South; 248th on North
  • Water Jurisdiction: Covington Water District

Utilities

  • Electricity: In Street
  • Gas Available: In Street
  • Sewer: Not Available
  • Water: Available, In Street

Condo/Co-op/Association

  • Community Name: Maple Valley

Schools

  • School District: THS

Lot Info

  • General Zoning Classification: Commercial, Industrial, Industrial-Light
  • Lot Details: Dead End Street
  • Lot Sq Ft: 280447
  • Parcel Number: 2022069011
  • Zoning Jurisdiction: County
  • Zoning Remarks: RA5 (Industrial Use

Tax Info

  • Tax Amount: 4226

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2020
Sold by
Dealers Choice Llc
Bought by
The Sorrento Partners Llc
Total Days on Market
380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Outstanding Balance
$2,242,469
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2020
Sold by
Dealers Choice Llc
Bought by
County Of King

Purchase Details

Listed on
Jun 12, 2018
Closed on
Aug 14, 2019
Sold by
Maple Valley Industries Llc
Bought by
Dealers Choice Llc
Seller's Agent
Jen Hudson
Windermere Real Estate/M2, LLC
List Price
$700,000
Sold Price
$500,000
Premium/Discount to List
-$200,000
-28.57%

Purchase Details

Closed on
Apr 23, 2014
Sold by
Department Of Transportation
Bought by
Maple Valley Industries Llc

Purchase Details

Closed on
Feb 25, 1994
Sold by
Heslip Edsel B
Bought by
State Of Washington
Source: Public Records

Range of Values:

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Average Value
Not Available
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
The Sorrento Partners Llc -- None Available
County Of King -- None Available
Dealers Choice Llc $500,000 Wfg National Title
Maple Valley Industries Llc $320,000 None Available
State Of Washington $926,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Sorrento Partners Llc $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2019 08/15/19 Sold $500,000 -9.1% --
06/27/2019 06/27/19 Pending -- -- --
05/08/2019 05/08/19 Price Changed $550,000 -7.6% --
03/27/2019 03/27/19 Price Changed $595,000 -4.8% --
10/19/2018 10/19/18 Price Changed $625,000 -10.7% --
06/12/2018 06/12/18 For Sale $700,000 -- --
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 $58,587 $5,085,400 $350,500 $4,734,900
2023 $49,043 $4,876,900 $350,500 $4,526,400
2022 $62,631 $4,831,000 $336,500 $4,494,500
2021 $27,052 $4,512,900 $336,500 $4,176,400
2020 $3,635 $2,075,400 $280,400 $1,795,000
2018 $4,226 $280,400 $280,400 $0
2017 $6,080 $280,400 $280,400 $0
2016 $6,440 $422,500 $422,500 $0
2015 $6,572 $422,500 $422,500 $0
2014 -- $422,500 $422,500 $0
2013 -- $422,500 $422,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1310804

Northwest Multiple Listing Service (NWMLS)

APN: 202206-9011