Listed by Windermere R.E. Northeast, Inc, Bought with Theory Real Estate
NOT LISTED FOR SALE

218 Ellingson Dr Pacific, WA 98047

Estimated Value: $795,366 - $1,010,000

-- Bed
-- Bath
3,822 Sq Ft
$236/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $716,000 $187 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,647/month

7 Days on Market

Highlights

  • No HOA
  • High Speed Internet
  • Wall to Wall Carpet
  • Cul-De-Sac
  • Partially Fenced Property

About This Home

As of March 2023

INVESTOR ALERT!!! Building has four - two bedroom, 0ne bathroom units w/each unit coming w/its own one garage and 2 uncovered parking spaces. Great location for commuters w/nearby access to I-167 and Hwy 18 as well as closeness to shopping, dining & other amenities. Building was in the middle of a complete renovation when a recent death in the family occurred so building is being sold "as-is" w/need of repairs. Items that have been completed are as follows: crawl space was cleaned & vapor barrier replaced followed by regular exterminator servicing, all new garage doors, 3 new refrigerators, 2 new dishwashers, 2 new oven/ranges, new carpet & flooring in 2 of the units. 2 units have updated bathrooms. Complete for a great investment!!!

Last Agent to Sell the Property

Thomas Navarre

Windermere R.E. Northeast, Inc License #19300 Listed on: 01/10/2023

Windermere R.E. Northeast, Inc

Last Buyer's Agent

Anikah Awan

Theory Real Estate License #21003057

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2026385

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,017

Year Built

  • Built in 1979

Lot Details

  • 0.27 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,822 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 12 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Redlin Add Condos
  • Pacific Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 7198100040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,017

Year Built

Built in 1979

Lot Details

0

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: Redlin Add
  • New Construction: No
  • CalculatedSquareFootage: 3822
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 346

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Pacific
  • WaterCompany: City of Pacific
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 5160

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 7198100040
  • Lot Size Acres: 0.2709
  • Lot Size Sq Ft: 11802
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: King County Records
  • ZoningClass: Multi-Family
  • LotNumber: 4

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 1375

Multi Family

  • Gross Scheduled Income: 1400
  • Number Of Units Total: 4
  • Electric Expense: 1092
  • Insurance Expense: 2395
  • Leasable Area: 3822
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 50

Tax Info

  • Year: 2022
  • Tax Annual Amount: 9017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2024
Sold by
Awan Rizwan and Awan Anikah
Bought by
Ellingson Drive Trust and Bamboo Ventures Llc
Current Estimated Value
$895,019

Purchase Details

Listed on
Jan 10, 2023
Closed on
Mar 28, 2023
Sold by
Layne Kevin Denise
Bought by
Awan Rizwan and Awan Anikah
Seller's Agent
Thomas Navarre
Windermere R.E. Northeast, Inc
Buyer's Agent
Anikah Awan
Theory Real Estate
List Price
$625,000
Sold Price
$716,000
Premium/Discount to List
$91,000
14.56%
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.28%
Original Mortgage
$613,100
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 1990
Sold by
Lason John P and Lason Diana J
Bought by
Bowe John C and Bowe Marilyn
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
Ellingson Drive Trust $313 None Listed On Document
Awan Rizwan $716,000 Cw Title
Bowe John C $73,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Awan Rizwan $613,100
Closed Awan Rizwan $137,765
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $716,000 +14.6% $187 / Sq Ft
01/17/2023 01/17/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $625,000 -- $164 / 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 $8,968 $784,000 $150,000 $634,000
2023 $8,360 $707,000 $150,000 $557,000
2022 $9,018 $761,000 $135,000 $626,000
2021 $8,549 $715,000 $125,000 $590,000
2020 $7,352 $638,000 $100,000 $538,000
2018 $6,899 $511,000 $75,000 $436,000
2017 $6,537 $459,000 $75,000 $384,000
2016 $5,839 $437,000 $75,000 $362,000
2015 $5,239 $409,000 $75,000 $334,000
2014 -- $352,000 $75,000 $277,000
2013 -- $356,000 $75,000 $281,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2026385

Northwest Multiple Listing Service (NWMLS)

APN: 719810-0040