Listed by Skyline Properties, Inc.
NOT LISTED FOR SALE

203 N Blakeley St Monroe, WA 98272

Estimated Value: $1,563,457

-- Bed
-- Bath
5,550 Sq Ft
$282/Sq Ft Est. Value

Last Sold December 01, 2020

Last sale price $1,150,000 $207 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $9,384/month

24 Days on Market

Highlights

  • Territorial View
  • Property is in very good condition
  • Wall to Wall Carpet
  • Corner Lot
  • Partially Fenced Property

About This Home

As of December 2020

Historic Downtown Monroe 8 plex, mixed use. Upper four 1/1 apartments with washer and dryers in units. Lower four office. The entire property and building are in excellent shape. Residential units are around 30% under market and once brought up this will be a beautiful low maintenance and management solid 5.6 cap investment. Potential owner financing. Please do not talk to tenants.

Last Agent to Sell the Property

Rex Gordon

Skyline Properties, Inc. License #98194 Listed on: 07/17/2020

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1632588

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,087

Year Built

  • Built in 2002

Lot Details

  • 5,227 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Built-Up Roof

Interior Spaces

  • 5,550 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Schools

  • Monroe Elementary School

Community Details

  • Monroe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27060100105600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,087

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2002
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5550
  • Special Features: None
  • Cumulative Days on Market: 374

Interior Features

  • Possible Use: Business, Commercial
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Laminate Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Electric
  • WaterSewerGarbage: 5688

Schools

  • Junior High Dist: Monroe

Lot Info

  • Parcel Number: 27060100105600
  • Lot Size Acres: 0.12
  • Lot Size Sq Ft: 5227
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Gas Available
  • MLSLotSizeSource: Title
  • ZoningJurisdiction: City
  • ZoningClass: Business,Commercial

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 5569

Multi Family

  • Gross Scheduled Income: 66126
  • Net Operating Income: 44549
  • Number Of Units Total: 1
  • Insurance Expense: 1004
  • Leasable Area: 5550
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 10087

MLS Schools

  • Elementary School: Monroe Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Nov 17, 2020
Sold by
George Paul
Bought by
Hrp Monroe Llc
Seller's Agent
Rex Gordon
Skyline Properties, Inc.
List Price
$1,195,000
Sold Price
$1,150,000
Premium/Discount to List
-$45,000
-3.77%
Current Estimated Value
$1,563,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$413,457
Avg. Annual Appreciation
6.60%
Original Mortgage
$850,000
Outstanding Balance
$768,361
Interest Rate
2.8%
Mortgage Type
Seller Take Back
Estimated Equity
$786,302

Purchase Details

Closed on
Oct 25, 1999
Sold by
Wells Julie Clark
Bought by
George Paul
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
Hrp Monroe Llc $1,127,000 Chicago Title
George Paul $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hrp Monroe Llc $850,000
Previous Owner George Paul $458,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $1,150,000 -3.8% $207 / Sq Ft
08/10/2020 08/10/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $1,195,000 -- $215 / 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
2025 $10,381 $1,424,900 $274,400 $1,150,500
2024 $10,381 $1,285,000 $255,000 $1,030,000
2023 $9,010 $1,210,000 $250,000 $960,000
2022 $9,952 $1,066,000 $193,000 $873,000
2020 $9,983 $1,027,000 $151,000 $876,000
2019 $9,333 $951,000 $129,000 $822,000
2018 $10,087 $842,000 $92,000 $750,000
2017 $9,275 $810,000 $85,000 $725,000
2016 $9,245 $743,000 $83,500 $659,500
2015 $9,628 $728,000 $83,500 $644,500
2013 $9,831 $680,000 $83,500 $596,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1632588

Northwest Multiple Listing Service (NWMLS)

APN: 270601-001-056-00