Listed by Windermere Prof Partners, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

214 Mashell Ave S Eatonville, WA 98328

3 Beds
1 Bath
7,978 Sq Ft
35,101 Sq Ft

Last Sold June 14, 2024

Last sale price $1,415,000 $177 Per Sq Ft

49 Days on Market

Highlights

  • City View
  • No HOA
  • Ceramic Tile Flooring
  • Deck
  • Thermal Windows
  • 5-minute walk to Mill Pond Park

About This Home

As of June 2024

This 10-Plex in Eatonville is a value-add opportunity comprised of nine (9) 2-Bdrm Units, one (1) 1-Bdrm Unit, & coin-operated laundry. Currently under-performing w/ a 5.87 cap rate, but will produce a 9.64 cap rate once rented at market rates. Complex has undergone some recent updates: all new windows in 2019 + full & partial unit remodels. Upper units each offer balcony overlooking Mt Rainier & can be accessed via living rm & bdrm. Large parking lot & two (2) other parking areas + on-street parking options. The 2-bdrm units are identical in layout: living/dining/kitchen combo w/ full bath between bdrms. Centrally located w/in the downtown corridor of Eatonville offering proximity to grocery, restaurants & parks. Owner financing considered

Last Agent to Sell the Property

Drew Staudt

Windermere Prof Partners License #20116301 Listed on: 03/13/2024

Windermere Prof Partners

Last Buyer's Agent

Ben Sorochuk

Skyline Properties, Inc. License #23022299

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2208004

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,304

Year Built

  • Built in 1982

Lot Details

  • 0.81 Acre Lot
  • Property is in good condition

Property Views

  • City
  • Mountain
  • Territorial

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 7,978 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 15 Parking Spaces
  • Open Parking

Schools

  • Eatonville Elementary School
  • Eatonville Mid Middle School
  • Eatonville High School

Additional Features

  • Deck
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Eatonville Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 360500-262-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,304

Year Built

Built in 1982

Lot Details

0.81 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1982
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7978
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl Plank, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: City, Mountain(s), Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 15

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Town of Eatonville
  • SewerCompany: Town of Eatonville
  • WaterCompany: Town of Eatonville

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Eatonville
  • High School: Eatonville High
  • Middle Or Junior School: Eatonville Mid

Lot Info

  • Parcel Number: 360500-262-6
  • Lot Size Acres: 0.8058
  • Lot Size Sq Ft: 35100
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Commercial
  • LotNumber: 7

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 8.39
  • LeasedItems: None
  • TotalMonthlyIncome: 14894

Tax Info

  • Year: 2023
  • Tax Annual Amount: 12304

Multi Family

  • Number Of Units Total: 10
  • Electric Expense: 653
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Eatonville Elem
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2024 06/14/24 Sold $1,415,000 -5.7% $177 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $1,500,000 +1775.0% $188 / Sq Ft
06/27/2013 06/27/13 Sold $80,000 0.0% $57 / Sq Ft View Prior Sale
12/01/2012 12/01/12 Pending -- -- --
08/30/2012 08/30/12 For Sale $80,000 -- $57 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $12,304 $1,292,000 $475,700 $816,300
2024 $12,304 $1,360,000 $432,400 $927,600
2023 $12,304 $1,360,000 $432,400 $927,600
2022 $11,782 $1,360,000 $432,400 $927,600
2021 $12,575 $1,136,200 $241,200 $895,000
2019 $10,342 $1,137,000 $268,900 $868,100
2018 $11,140 $988,700 $268,900 $719,800
2017 $9,947 $860,500 $245,200 $615,300
2016 $7,459 $711,100 $245,200 $465,900
2014 $7,828 $543,400 $269,400 $274,000
2013 $7,828 $543,400 $269,400 $274,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2208004

Northwest Multiple Listing Service (NWMLS)

APN: 360500-033

Your Personal Tour Guide

Ask me questions while you tour the home.