Listed by Dove Realty, Inc.
$1,275,000
PENDING

20244 108th Ave SE Kent, WA 98031

Meridian Neighborhood

Estimated payment $7,651/month

Total Views 335
8 Beds
3 Baths
2,380 Sq Ft
$536 Price per Sq Ft

Highlights

  • 1.06 Acre Lot
  • Secluded Lot
  • No HOA
  • Kentridge High School Rated A
  • Wood Flooring
  • 1-Story Property

About This Home

Earn a lavish cash flow with awesome long-term tenants while going through the development process. Property has historically been used as a non-conforming duplex, but with MR-M zoning, the possibility exists to convert existing home into a conforming multi-family dwelling or keep as-is. 20+ units can be built on the existing parcel; work with the owners of the corner lot and potentially cost share in some of the development. New state laws have passed likely making it more favorable for lucrative development options, City of Kent in process of incorporating these changes to their Comprehensive Plan to be finished in summer of 2025. No critical areas! Current NOI= $42,181

Last Listed By

Jason Sharp

Dove Realty, Inc. License #77497 Listed on: 07/27/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2285401

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,339

Year Built

  • Built in 1955

Lot Details

  • 1.06 Acre Lot
  • Property is Fully Fenced
  • Secluded Lot
  • Value in Land
  • Property is in good condition

Parking

  • Off-Street Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,380 Sq Ft Home
  • 1-Story Property
  • Basement

Flooring

  • Wood
  • Carpet
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

Schools

  • Glenridge Elementary School
  • Meeker Jnr High Middle School
  • Kentridge High School

Utilities

  • Forced Air Heating System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Panther Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0522059128

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,339

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1955
  • Inclusions: See Remarks
  • MLS Status: Pending
  • Prev Status: Pending
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 2380
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DetachedDwellingSqFtFinished: 0
  • Special Features: None
  • Cumulative Days on Market: 91

Interior Features

  • Appliances: See Remarks
  • Full Bathrooms: 3
  • Possible Bedrooms: 8
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Vinyl Plank, Carpet
  • Living Area: 2380
  • Bathrooms: 3
  • BathsFullMain: 0
  • SquareFootageFinished: 2380
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 2
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 4
  • BedroomsUpper: 4
  • AppliancesIncluded: See Remarks

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Secluded, Value In Land
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: House

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Open Parking: No
  • Parking Features: Off Street

Utilities

  • Sewer: Available, Septic Tank
  • Water Source: Public, See Remarks
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • WaterCompany: Soos Creek

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Kent
  • High School: Kentridge High
  • Middle Or Junior School: Meeker Jnr High

Lot Info

  • Parcel Number: 0522059128
  • Land Lease: No
  • Lot Size Acres: 1.0631
  • Lot Size Sq Ft: 46310
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully
  • MLSLotSizeSource: public records
  • MLSSquareFootageSource: see remarks
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6339

Multi Family

  • EnergySource: Electric,Natural Gas

MLS Schools

  • Elementary School: Glenridge Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $7,002 $683,000 $353,000 $330,000
2023 $6,339 $590,000 $306,000 $284,000
2022 $6,293 $652,000 $279,000 $373,000
2021 $5,809 $521,000 $225,000 $296,000
2020 $5,696 $457,000 $235,000 $222,000
2018 $4,981 $429,000 $179,000 $250,000
2017 $1,128 $367,000 $163,000 $204,000
2016 $1,116 $348,000 $155,000 $193,000
2015 $1,192 $338,000 $155,000 $183,000
2014 -- $325,000 $155,000 $170,000
2013 -- $333,000 $206,000 $127,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2024 09/15/24 Pending -- -- --
09/15/2024 09/15/24 Pending -- -- --
07/27/2024 07/27/24 For Sale $1,275,000 0.0% $536 / Sq Ft
07/27/2024 07/27/24 For Sale $1,275,000 +207.2% --
04/18/2017 04/18/17 Sold $415,000 -7.8% $203 / Sq Ft
03/07/2017 03/07/17 Pending -- -- --
02/22/2017 02/22/17 For Sale $450,000 0.0% $221 / Sq Ft
02/13/2017 02/13/17 Pending -- -- --
01/12/2017 01/12/17 For Sale $450,000 0.0% $221 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
10/26/2016 10/26/16 For Sale $450,000 -- $221 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $415,000 Rainier Title Llc
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- --
Warranty Deed -- --
Interfamily Deed Transfer -- Ticor Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $269,750 Commercial
Source: Public Records

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Northwest Multiple Listing Service (NWMLS)

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