Listed by Paragon Real Estate Advisors, Bought with RE/MAX Metro Realty, Inc.
NOT LISTED FOR SALE
-- Bed
-- Bath
2,328 Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: June 10, 2022

Last sale price $650,000 $279 Per Sq Ft

36 Days on Market

About This Home

As of June 2022

Sultan 5 unit building features 5 efficient 1 bedroom apartments with ample parking and common laundry. The building underwent a major studs out remodel in the early 90’s, which included updating all systems to modern standards. The building has recently had a new pitched composition roof installed as well. This opportunity offers the savvy investor upside through increased rents and improvements in a historically low vacancy building.

Last Agent to Sell the Property

Nick Hemming

Paragon Real Estate Advisors License #120684 Listed on: 03/04/2022

Co-Listed By

Jacob Odegard

Paragon Real Estate Advisors License #120796

Last Buyer's Agent

Kevin Harasimowicz

RE/MAX Metro Realty, Inc. License #102801

RE/MAX Metro Realty, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1896124

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,642

Year Built

  • Built in 1906

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • Open Parking

Interior Spaces

  • 2,328 Sq Ft Home
  • 2-Story Property
  • Property Views

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 00588801201000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,642

Year Built

Built in 1906

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1906
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 2328
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: See Remarks
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: See Remarks
  • View: See Remarks
  • View: Yes
  • Waterfront: No
  • Exterior Features: See Remarks
  • Foundation Details: See Remarks

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

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

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: 00588801201000
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5663
  • 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: 11.6
  • LeasedItems: None
  • TotalMonthlyIncome: 4840

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3642

Multi Family

  • Number Of Units Total: 5
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Sultan Elem

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2022
Closed on
Jun 6, 2022
Sold by
Bought by
Seller's Agent
Nick Hemming
Paragon Real Estate Advisors
Buyer's Agent
Kevin Harasimowicz
RE/MAX Metro Realty, Inc.
List Price
$675,000
Sold Price
$650,000
Premium/Discount to List
-$25,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
0.051%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2022
Closed on
Apr 18, 2022
Sold by
Bought by
Seller's Agent
Nick Hemming
Paragon Real Estate Advisors
Buyer's Agent
Kevin Harasimowicz
RE/MAX Metro Realty, Inc.
List Price
$675,000
Sold Price
$650,000
Premium/Discount to List
-$25,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
0.051%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Stewart Title
-- Stewart Title Guaranty Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $455,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $650,000 -3.7% $279 / Sq Ft
04/09/2022 04/09/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $675,000 -- $290 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,320 $610,000 $192,000 $418,000
2025 $5,138 $595,000 $177,000 $418,000
2024 $5,138 $580,000 $167,000 $413,000
2023 $3,796 $485,000 $151,300 $333,700
2022 $3,643 $399,600 $132,100 $267,500
2020 $3,909 $390,000 $154,100 $235,900
2019 $3,095 $320,900 $97,100 $223,800
2018 $3,276 $275,000 $49,200 $225,800
2017 $3,007 $250,000 $60,000 $190,000
2016 $2,950 $240,000 $60,000 $180,000
2015 $2,822 $215,000 $46,200 $168,800
2013 $3,036 $225,000 $76,000 $149,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1896124

Northwest Multiple Listing Service (NWMLS)
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