NOT LISTED FOR SALE

Estimated Value: $261,000 - $310,000

3 Beds
7 Baths
5,350 Sq Ft
$52/Sq Ft Est. Value

Last Sold March 16, 2022

Last sale price $825,000 $154 Per Sq Ft

Current estimated payment $1,683/month

126 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Wood Siding
  • Corner Lot
  • High Speed Internet
  • 3-minute walk to Vandercook Park

About This Home

As of March 2022

Don't miss your chance to own the beautiful Caitlin Condominiums. This building has undergone an amazing transformation over the last few years! As a result, it boasts a great rental history, positive cash flow, and presents an amazing turn-key investment. The unbeatable location in the highly sought Old Westside is walking distance to Lake Sacajawea, Lower Columbia College, and Longview's historic Civic Circle. Rent is currently below market in two of the units, with the ability to capitalize on additional amenities at your discretion. Newer Roof, Windows, Plumbing, and Electrical. Original hardwoods recently refinished. Updated paint, cabinets, counters, and more. Nice appliances in all six units, and coin-operated laundry in basement.

Last Listed By

Mike Steward

Key Results Real Estate License #114150 Listed on: 11/10/2021

Key Results Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1901921

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,758

Year Built

  • Built in 1928

Lot Details

  • 10,000 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Parking

  • 4 Parking Spaces

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 5,350 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Caitlin Condominiums
  • Old West Side Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0-00530101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,758

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1928
  • Buyer Agency Compensation: 2.50%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Caitlin Condominiums
  • New Construction: No
  • CalculatedSquareFootage: 5350
  • Special Features: None
  • Cumulative Days on Market: 500

Interior Features

  • Possible Use: Multi-Family, Residential, See Remarks
  • Fireplace: No
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Curbs, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Cowlitz PUD
  • SewerCompany: City of Longview
  • WaterCompany: City of Longview
  • WaterSewerGarbage: 5410

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Longview
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0-00530101
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: NWMLS
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential,See Remarks

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 6400

Multi Family

  • Gross Scheduled Income: 76800
  • Net Operating Income: 54577
  • Number Of Units Total: 6
  • Electric Expense: 1952
  • Insurance Expense: 5135
  • Leasable Area: 5350
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6758
  • AdditionalTaxIds: 0-00530102,0-00530103,0-00530104,0-00530105,0-00530106

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2021
Closed on
Mar 14, 2022
Sold by
Morgan Group Investment Llc
Bought by
Old West Side Llc
Seller's Agent
Mike Steward
Key Results Real Estate
Buyer's Agent
Matt Peters
Matt Peters Real Estate
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%
Total Days on Market
126
Current Estimated Value
$278,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$546,333
Avg. Annual Appreciation
-27.34%
Original Mortgage
$577,500
Outstanding Balance
$545,325
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
-$241,658

Purchase Details

Closed on
Jul 16, 2020
Sold by
The Morgan Group Llc
Bought by
The Morgan Group Investment Llc

Purchase Details

Closed on
Dec 28, 2018
Sold by
Adden Construction And Investments Llc
Bought by
The Morgan Group Llc

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
Old West Side Llc $825,000 Stewart Title Guaranty Company
The Morgan Group Investment Llc -- Cascade Ttl Co Of Cowlitz Cn
The Morgan Group Llc $500,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Old West Side Llc $577,500
Previous Owner Adden Construction & Investments Llc $535,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2022 03/16/22 Sold $825,000 -2.9% $154 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
11/10/2021 11/10/21 For Sale $850,000 -- $159 / 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 $1,556 $178,800 $35,760 $143,040
2023 $1,679 $188,510 $29,400 $159,110
2022 $1,584 $188,510 $29,400 $159,110
2021 $1,628 $158,760 $29,400 $129,360
2020 $1,551 $147,000 $29,400 $117,600
2019 $1,587 $147,000 $29,400 $117,600
2018 $1,930 $147,000 $29,400 $117,600
2017 $1,806 $147,000 $29,400 $117,600
2016 $1,766 $140,000 $28,000 $112,000
2015 $1,916 $140,000 $28,000 $112,000
2013 -- $140,000 $28,000 $112,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1901921

Northwest Multiple Listing Service (NWMLS)

APN: 0-00530101