Listed by Highmark Partners, Bought with Terrafin
NOT LISTED FOR SALE

Estimated Value: $2,348,329

-- Bed
-- Bath
12,168 Sq Ft
$193/Sq Ft Est. Value

Last Sold November 03, 2021

Last sale price $2,040,000 $168 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $14,776/month

83 Days on Market

Highlights

  • 0.33 Acre Lot
  • 3-minute walk to Auburn Station
  • Vinyl Flooring
  • Wood Siding

About This Home

As of November 2021

The Patricia Building is a 12 unit, two story, mixed use building that was built in 1964. It contains 6 large Two Bed / One Bath units on the upper floor and 6 office/retail units on ground level.

Last Agent to Sell the Property

Justin Kraft

Highmark Partners License #27454 Listed on: 04/29/2021

Co-Listed By

Matt Johnston

Northmarq Multifamily, LLC License #135732

Last Buyer's Agent

Dennis Folk

Terrafin License #25739

Terrafin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1765977

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,401

Year Built

  • Built in 1964

Lot Details

  • 0.33 Acre Lot
  • Property is in average condition

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 12,168 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Parking

  • 21 Parking Spaces
  • Open Parking

Community Details

  • Downtown Auburn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7815700370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,401

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1964
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 12168
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 21
  • Open Parking: Yes
  • Total Parking Spaces: 21
  • ParkingUncoveredSpaces: 21

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 8109

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 7815700370
  • Lot Size Acres: 0.3306
  • Lot Size Sq Ft: 14400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 9006

Multi Family

  • Gross Scheduled Income: 157620
  • Net Operating Income: 108080
  • Number Of Units Total: 12
  • Insurance Expense: 5000
  • Leasable Area: 12168
  • EnergySource: Electric
  • UnitsInBuildingTotal: 12
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 15401
  • AdditionalTaxIds: 781570-0370

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Nov 1, 2021
Sold by
Tm West Llc
Bought by
Z & Z Real Estate Investment Llc
Seller's Agent
Justin Kraft
Highmark Partners
Buyer's Agent
Dennis Folk
Terrafin
List Price
$2,120,000
Sold Price
$2,040,000
Premium/Discount to List
-$80,000
-3.77%
Current Estimated Value
$2,348,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,329
Avg. Annual Appreciation
3.66%
Original Mortgage
$190,000
Outstanding Balance
$173,834
Interest Rate
2.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,174,495

Purchase Details

Closed on
Dec 22, 2014
Sold by
Ra Mar Inc
Bought by
Tm West Llc
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
Z & Z Real Estate Investment Llc $2,040,000 Ticor Title
Tm West Llc $1,026,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Z & Z Real Estate Investment Llc $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2021 11/03/21 Sold $2,040,000 -3.8% $168 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $2,120,000 0.0% $174 / Sq Ft
05/08/2021 05/08/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $2,120,000 -- $174 / 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 $27,321 $2,062,000 $432,000 $1,630,000
2023 $20,014 $1,817,700 $403,200 $1,414,500
2022 $20,888 $1,509,000 $345,600 $1,163,400
2021 $18,923 $1,404,400 $288,000 $1,116,400
2020 $19,127 $1,197,500 $288,000 $909,500
2018 $18,616 $1,130,400 $172,800 $957,600
2017 $19,047 $1,034,000 $172,800 $861,200
2016 $17,404 $1,082,100 $172,800 $909,300
2015 $17,111 $1,045,400 $172,800 $872,600
2014 -- $998,500 $172,800 $825,700
2013 -- $969,600 $172,800 $796,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1765977

Northwest Multiple Listing Service (NWMLS)

APN: 781570-0370