Listed by RE/MAX Eastside Brokers, Inc., Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,019,000 - $1,062,481

-- Bed
-- Bath
3,904 Sq Ft
$267/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $945,000 $242 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,092/month

186 Days on Market

Highlights

  • Deck
  • Sport Court
  • Patio
  • Territorial View
  • Thermal Windows
  • Open Space

About This Home

As of February 2023

Excellent investment opportunity in solid condition. Turnkey 4-plex in the Panther Lake complex with updated roof & double pane windows. Townhome style units with 2 beds/1.5 baths, kitchen, living room, washer/dryer, fireplace. Desirable greenbelt and park-like setting. Each of the 4 units has a yard, patio & second floor deck. All units are rented with room to increase rents to market value. Low historic vacancy rate. On site property mgmt in place for a 5% fee. HOA dues cover water, sewer, garbage, common area + exterior bldg maint. Covered parking per unit + add'l parking. Convenient access to new light rail coming soon. No sign, do not disturb tenants. Interior showing/insp with signed PSA. Community play area, sport court nearby.

Last Agent to Sell the Property

Sherry Sahlstrom

RE/MAX Eastside Brokers, Inc. License #17190 Listed on: 07/28/2022

Last Buyer's Agent

Dylan Hanson

Skyline Properties, Inc. License #20122466

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1975775

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,775

Year Built

  • Built in 1979

Lot Details

  • 10,348 Sq Ft Lot
  • Open Space
  • Sprinkler System
  • Property is in good condition

HOA Fees

  • $678 Monthly HOA Fees

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Shake Roof
  • Wood Siding

Interior Spaces

  • 3,904 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Sport Court
  • Deck
  • Patio

Community Details

  • Campus View Div 3 Condos
  • Panther Lake Subdivision

Listing and Financial Details

  • Legal Lot and Block 30 / K
  • Assessor Parcel Number 1322020300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,775

Year Built

Built in 1979

Lot Details

0

HOA Fees

$678 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Campus View Div 3
  • New Construction: No
  • CalculatedSquareFootage: 3904
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 552

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Playground,Thermal Windows

Exterior Features

  • Roof: Cedar Shake, Flat
  • View: Territorial
  • Lot Features: Open Space, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Lakehaven Water Sewer
  • WaterCompany: Lakehaven Water Sewer
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 678
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Federal Way
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 1322020300
  • Lot Size Acres: 0.2376
  • Lot Size Sq Ft: 10348
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Athletic Court,Deck,Patio,Sprinkler System
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 30

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14.5
  • LeasedItems: None
  • TotalMonthlyIncome: 6325

Multi Family

  • Gross Scheduled Income: 75900
  • Net Operating Income: 52938
  • Number Of Units Total: 4
  • Insurance Expense: 1477
  • Leasable Area: 3904
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8775

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Feb 27, 2023
Sold by
Lamourea James and Lamourea Cora
Bought by
Puckett Rudine
Seller's Agent
Sherry Sahlstrom
RE/MAX Eastside Brokers, Inc.
Buyer's Agent
Dylan Hanson
Skyline Properties, Inc.
List Price
$1,100,000
Sold Price
$945,000
Premium/Discount to List
-$155,000
-14.09%
Views
27
Current Estimated Value
$1,040,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,741
Avg. Annual Appreciation
1.95%
Original Mortgage
$945,000
Outstanding Balance
$909,564
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$82,507

Purchase Details

Closed on
Jun 19, 2006
Sold by
Alampaykar Saeed
Bought by
Lamourea James and Lamourea Cora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.76%

Purchase Details

Closed on
May 17, 2005
Sold by
Adams Keith P and Adams Audrey I
Bought by
Alampaykar Saeed

Purchase Details

Closed on
May 12, 2005
Sold by
Rafipour Maryan
Bought by
Alampaykar Saeed

Purchase Details

Closed on
Dec 5, 2000
Sold by
King County Housing Rehabilitation
Bought by
Shim Sun Jook

Purchase Details

Closed on
Dec 30, 1986
Sold by
Andrew Robert J and Andrew Pamela C
Bought by
Adams Keith P and Adams Audrey I
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
Puckett Rudine $945,000 First American Title Insurance
Lamourea James $506,950 The Talon Grou
Alampaykar Saeed $372,500 Commonwealth L
Alampaykar Saeed -- Commonwealth L
Shim Sun Jook -- Chicago Title Insurance Co
Shim Sun Jook -- Chicago Title Insurance Co
Adams Keith P $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Puckett Rudine $945,000
Previous Owner Lamourea James R $62,581
Previous Owner Lamourea James R $214,000
Previous Owner Lamourea James $100,000
Previous Owner Lamourea James $211,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $945,000 -4.5% $242 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
11/04/2022 11/04/22 Price Changed $990,000 -10.0% $254 / Sq Ft
07/28/2022 07/28/22 For Sale $1,100,000 -- $282 / 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 $9,449 $873,000 $200,000 $673,000
2023 $9,084 $828,000 $160,000 $668,000
2022 $8,775 $862,000 $140,000 $722,000
2021 $8,530 $775,000 $120,000 $655,000
2020 $7,593 $708,000 $120,000 $588,000
2018 $7,051 $570,000 $120,000 $450,000
2017 $6,526 $490,000 $100,000 $390,000
2016 $6,657 $453,000 $100,000 $353,000
2015 -- $443,000 $68,000 $375,000
2014 -- $400,000 $68,000 $332,000
2013 -- $418,000 $68,000 $350,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1975775

Northwest Multiple Listing Service (NWMLS)

APN: 132202-0300