Listed by Paragon Real Estate Advisors, Bought with CENTURY 21 Real Estate Center
NOT LISTED FOR SALE

204 8th St Sultan, WA 98294

Estimated Value: $616,000 - $720,000

4 Beds
4 Baths
2,352 Sq Ft
$283/Sq Ft Est. Value

Last Sold April 11, 2022

Last sale price $589,000 $250 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,979/month

7 Days on Market

Highlights

  • 0.39 Acre Lot
  • 1-Story Property
  • 3-minute walk to Travelers Park
  • No HOA

About This Home

As of April 2022

This 1998 constructed duplex offers large single-story units, each with 3 bedrooms and 2 bathrooms, along with an attached single car garage. The building sits on a 16,988 SF lot in burgeoning downtown Sultan. The property maintains steady income with little to no vacancy and has tremendous upside potential through increased rents and improvements. This duplex may be purchased separately or along with the adjacent duplex and single-family home, allowing the prospective investor to take advantage of significant economies.

Last Agent to Sell the Property

Nick Hemming

Paragon Real Estate Advisors License #120684 Listed on: 03/03/2022

Co-Listed By

Jacob Odegard

Paragon Real Estate Advisors License #120796

Last Buyer's Agent

Bill Townsend

CENTURY 21 Real Estate Center License #21003439

CENTURY 21 Real Estate Center

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1896164

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,729

Year Built

  • Built in 1998

Lot Details

  • 0.39 Acre Lot

Home Design

  • Duplex

Interior Spaces

  • 2,352 Sq Ft Home
  • 1-Story Property

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Schools

  • Sultan Elementary School
  • Sultan Mid Middle School
  • Sultan Snr High School

Community Details

  • No Home Owners Association
  • Sultan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00479100100202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,729

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1998
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2352
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: See Remarks
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: See Remarks
  • View: No
  • Waterfront: No
  • Exterior Features: See Remarks
  • Foundation Details: See Remarks
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3754

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sultan
  • High School: Sultan Snr High
  • Middle Or Junior School: Sultan Mid

Lot Info

  • Parcel Number: 00479100100202
  • Lot Size Acres: 0.39
  • Lot Size Sq Ft: 16988
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3445

Multi Family

  • Gross Scheduled Income: 41340
  • Net Operating Income: 30578
  • Number Of Units Total: 2
  • Insurance Expense: 789
  • Leasable Area: 2352
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4729

MLS Schools

  • Elementary School: Sultan Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
May 26, 2022
Sold by
Kahm Edward V
Bought by
Daved Llc
Seller's Agent
Nick Hemming
Paragon Real Estate Advisors
Buyer's Agent
Bill Townsend
CENTURY 21 Real Estate Center
List Price
$600,000
Sold Price
$589,000
Premium/Discount to List
-$11,000
-1.83%
Current Estimated Value
$666,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,287
Avg. Annual Appreciation
4.27%
Original Mortgage
$441,750
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 3, 2022
Closed on
Apr 8, 2022
Sold by
Kimberlee Kahm
Bought by
Kahm Edward V
Seller's Agent
Nick Hemming
Paragon Real Estate Advisors
Buyer's Agent
Bill Townsend
CENTURY 21 Real Estate Center
List Price
$600,000
Sold Price
$589,000
Premium/Discount to List
-$11,000
-1.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,750
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 3, 2022
Closed on
Apr 1, 2022
Sold by
Vanwyngarden and Diane
Bought by
Kahm Edward V and Wickline David M
Seller's Agent
Nick Hemming
Paragon Real Estate Advisors
Buyer's Agent
Bill Townsend
CENTURY 21 Real Estate Center
List Price
$600,000
Sold Price
$589,000
Premium/Discount to List
-$11,000
-1.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,750
Interest Rate
3.76%
Mortgage Type
New Conventional
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
Daved Llc -- Tuohy Minor Kruse Pllc
Kahm Edward V $313 Stewart Title Guaranty Company
Kahm Edward V $589,000 Stewart Title Guaranty Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kahm Edward V $441,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2022 04/11/22 Sold $589,000 -1.8% $250 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $600,000 -- $255 / 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 $5,358 $629,600 $223,000 $406,600
2024 $5,358 $604,900 $203,000 $401,900
2023 $4,513 $576,600 $212,000 $364,600
2022 $4,729 $518,800 $158,000 $360,800
2020 $4,527 $451,600 $132,000 $319,600
2019 $3,714 $385,100 $112,000 $273,100
2018 $4,199 $352,500 $95,000 $257,500
2017 $3,930 $326,800 $87,000 $239,800
2016 $3,618 $294,300 $64,000 $230,300
2015 $3,138 $239,000 $50,000 $189,000
2013 $3,099 $229,700 $48,000 $181,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1896164

Northwest Multiple Listing Service (NWMLS)

APN: 004791-001-002-02