Listed by Dove Realty, Inc.
$590,000
SOLD JAN 31, 2017
-- Bed
-- Bath
3,440 Sq Ft
0.4 Acres

Recently Sold

$172 Per Sq Ft

4 Days on Market

Highlights

  • 0.4 Acre Lot
  • Ceramic Tile Flooring
  • 5-minute walk to Titus Railroad Park

About This Home

As of January 2017

Great opportunity to buy a lucrative tri-plex with the opportunity to add one more unit. Large .4 acre lot that allows for plenty of parking and within walking distance to downtown Kent. All units have been remodeled and are fully occupied with great tenants. If you are looking for a low maintenance rental with more upside potential, then this is the one for you.

Last Agent to Sell the Property

Jason Sharp

Dove Realty, Inc. License #77497 Listed on: 12/10/2016

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1057091

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,512

Year Built

  • Built in 1908 | Remodeled

Lot Details

  • 0.4 Acre Lot

Home Design

  • Triplex
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 3,440 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Downtown Kent Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0006600004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,512

Year Built

Built in 1908 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1908
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3440
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 359

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Alley
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Property Condition: Remodeled
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Kent

Lot Info

  • Parcel Number: 0006600004
  • Lot Size Acres: 0.4034
  • Lot Size Sq Ft: 17571
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 4645

Multi Family

  • Gross Scheduled Income: 55740
  • Net Operating Income: 43044
  • Number Of Units Total: 3
  • Insurance Expense: 1596
  • Leasable Area: 3440
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4512

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2021
Sold by
Lu Yong Q and Lu Aileen L
Bought by
Yong Qin Lu And Aileen Lum Lu Living Trust and Lu Aileen
Current Estimated Value
$877,607

Purchase Details

Listed on
Dec 10, 2016
Closed on
Jan 24, 2017
Sold by
A & E Homes Llc
Bought by
Lu Yong Q and Lu Aileen L
Seller's Agent
Jason Sharp
Dove Realty, Inc.
List Price
$589,950
Sold Price
$590,000
Premium/Discount to List
$50
0.008%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.35%
Original Mortgage
$442,500
Interest Rate
4.16%

Purchase Details

Listed on
Apr 5, 2012
Closed on
May 9, 2012
Sold by
U S Bank National Association
Bought by
A & E Homes Llc
Seller's Agent
Calvin Gligorea
Better Properties Kent LLC
Buyer's Agent
Jason Sharp
Dove Realty, Inc.
List Price
$177,210
Sold Price
$171,000
Premium/Discount to List
-$6,210
-3.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.15%

Purchase Details

Closed on
May 26, 2011
Sold by
Andrus Robertd
Bought by
U S Bank National Association

Purchase Details

Closed on
Feb 2, 2005
Sold by
Andrus Maryann K
Bought by
Andrus Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
7.95%

Purchase Details

Closed on
Sep 15, 2004
Sold by
Andrus Robert D and Andrus Maryann K
Bought by
Oak Ridge Properties Wa Llc

Purchase Details

Closed on
Nov 15, 2003
Sold by
Andrus Maryann K
Bought by
Andrus Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,610
Interest Rate
6.9%

Purchase Details

Closed on
May 9, 2003
Sold by
Duncan Jeffrey L and Duncan Erinn C
Bought by
Citibank Na

Purchase Details

Closed on
Feb 6, 1996
Sold by
Willits Gerald M
Bought by
Duncan Jeffrey L and Duncan Erinn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,310
Interest Rate
7.14%
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 Type Sale Price Title Company
Quit Claim Deed $313 None Listed On Document
Warranty Deed $590,000 Fidelity Natio
Warranty Deed $171,000 Ticor National
Warranty Deed $206,114 None Available
Warranty Deed -- Stewart Title
Warranty Deed -- Stewart Title
Warranty Deed -- Stewart Title
Warranty Deed -- First American
Warranty Deed $222,900 First American
Warranty Deed $222,300 First American
Warranty Deed $64,500 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $438,750 Stand Alone Refi Refinance Of Original Loan
Previous Owner $442,500 No Value Available
Previous Owner $284,184 Fannie Mae Freddie Mac
Previous Owner $261,000 No Value Available
Previous Owner $200,610 No Value Available
Previous Owner $16,310 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2017 01/31/17 Sold $590,000 0.0% $172 / Sq Ft
12/15/2016 12/15/16 Pending -- -- --
12/10/2016 12/10/16 For Sale $589,950 +245.0% $171 / Sq Ft
05/21/2012 05/21/12 Sold $171,000 -3.5% $50 / Sq Ft
04/20/2012 04/20/12 Pending -- -- --
04/05/2012 04/05/12 For Sale $177,210 -- $52 / 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 $7,680 $631,000 $166,000 $465,000
2023 $7,727 $620,000 $166,000 $454,000
2022 $7,049 $721,000 $202,000 $519,000
2021 $6,354 $575,000 $163,000 $412,000
2020 $6,051 $491,000 $140,000 $351,000
2018 $5,366 $435,000 $112,000 $323,000
2017 $4,527 $385,000 $107,000 $278,000
2016 $4,513 $325,000 $117,000 $208,000
2015 $4,211 $310,000 $112,000 $198,000
2014 -- $280,000 $112,000 $168,000
2013 -- $251,000 $112,000 $139,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1057091

Northwest Multiple Listing Service (NWMLS)

APN: 000660-0004