NOT LISTED FOR SALE

Estimated Value: $477,000 - $581,291

4 Beds
2 Baths
1,280 Sq Ft
$419/Sq Ft Est. Value

Last Sold June 28, 2016

Last sale price $245,000 $191 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $3,451/month

156 Days on Market

Highlights

  • RV Access or Parking
  • River View
  • Property is in very good condition
  • Shadow Lake Elementary School Rated A-
  • Patio
  • Partially Fenced Property

About This Home

As of June 2016

Look no further for a great rental income duplex in Maple Valley! Aluminum siding, Metal roof, easy maintenance. Separate Laundry Rooms, Fenced Front and Backyards. Plenty of Extra Parking spaces. Both units are Occupied, Side A- 2 Bed,1 Bath, Living, Kitchen & Shed. Side B- 2 Bed, 1Bath, fireplace & garage. Great Location off of Renton Maple Valley Hwy. near the Cedar River.

Last Agent to Sell the Property

Laurie Strickland

KW Mountains to Sound Realty License #5272 Listed on: 11/23/2015

KW Mountains to Sound Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 872741

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,298

Year Built

  • Built in 1962

Lot Details

  • 0.32 Acre Lot
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • River
  • Limited

Home Design

  • Duplex
  • Poured Concrete
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,280 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Shadow Lake Elementary School
  • Cedar River Mid Middle School
  • Tahoma Snr High School

Utilities

  • Shared Well
  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Maple Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0922069100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,298

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1962
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1280
  • Special Features: None
  • Cumulative Days on Market: 449

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Metal
  • View: Partial, River
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Shared Well
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: septic
  • WaterCompany: shared well
  • WaterSewerGarbage: 100

Schools

  • Junior High Dist: Tahoma
  • High School: Tahoma Snr High
  • Middle Or Junior School: Cedar River Mid

Lot Info

  • Parcel Number: 0922069100
  • Lot Size Acres: 0.3214
  • Lot Size Sq Ft: 14000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: King County/Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 1800

Multi Family

  • Gross Scheduled Income: 21600
  • Net Operating Income: 17402
  • Number Of Units Total: 2
  • Insurance Expense: 800
  • Leasable Area: 1280
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3298

MLS Schools

  • Elementary School: Shadow Lake Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2015
Closed on
Jun 24, 2016
Sold by
Nic Mac Llc
Bought by
Webb Clint
Seller's Agent
Laurie Strickland
KW Mountains to Sound Realty
List Price
$249,999
Sold Price
$245,000
Premium/Discount to List
-$4,999
-2%
Current Estimated Value
$536,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,323
Avg. Annual Appreciation
8.06%
Original Mortgage
$240,562
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 27, 2004
Sold by
Watkins Ian and Watkins Ian D
Bought by
Nicmac Llc

Purchase Details

Closed on
Jul 11, 1994
Sold by
Bottemiller Charles J
Bought by
Watkins Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
8.65%
Mortgage Type
Seller Take Back
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
Webb Clint $245,000 Ticor National
Nicmac Llc $166,000 Stewart Title
Watkins Ian $89,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Webb Clint V $100,000
Open Webb Clint V $265,000
Closed Webb Clint V $29,000
Closed Webb Clint V $245,000
Closed Webb Clint $240,562
Previous Owner Watkins Ian $79,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2016 06/28/16 Sold $245,000 -2.0% $191 / Sq Ft
04/28/2016 04/28/16 Pending -- -- --
11/23/2015 11/23/15 For Sale $249,999 -- $195 / 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 $5,558 $469,000 $154,000 $315,000
2023 $4,891 $462,000 $140,000 $322,000
2022 $4,365 $469,000 $137,000 $332,000
2021 $4,095 $346,000 $106,000 $240,000
2020 $3,545 $294,000 $91,000 $203,000
2018 $3,568 $256,000 $86,000 $170,000
2017 $3,562 $234,000 $79,000 $155,000
2016 $3,530 $240,000 $86,000 $154,000
2015 $3,298 $226,000 $81,000 $145,000
2014 -- $206,000 $74,000 $132,000
2013 -- $181,000 $69,000 $112,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 872741

Northwest Multiple Listing Service (NWMLS)

APN: 092206-9100