Listed by Best Choice Network LLC, Bought with Homesprings Real Estate
NOT LISTED FOR SALE

Estimated Value: $1,089,000 - $1,317,266

8 Beds
4 Baths
4,920 Sq Ft
$248/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $1,173,000 $238 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $7,413/month

36 Days on Market

Highlights

  • No HOA
  • High Speed Internet
  • Property is Fully Fenced
  • Ceramic Tile Flooring

About This Home

As of November 2022

Owner offers up to 2% towards rate buy down!! Owner financing available (20% down, 7% interest only, 3 yrs balloon)!! Large 4-plex with 4 remodeled 1200 sq.ft, 2 bed, 1.5 bath, 2 stories units. In the heart of Des Moines, convenient to I5, hwy 99, Seatac airport, downtown Des Moines and the Angle lake light rail station. Short walk to Safeway and plenty of on-site parking makes this location attractive to tenants. You enter into the large living room and walk toward the back where you find the remodeled kitchen, with granite countertop and solid wood cabinet next to the dining room that open to the big back yard. Upstairs hallway opens to a full bath and 2 bedrooms. Property has been very well maintained, tenants have never caused issues.

Last Agent to Sell the Property

Sarah Noet

Best Choice Network LLC License #110182 Listed on: 09/23/2022

Best Choice Network LLC

Co-Listed By

Michel Charbonnier

Best Choice Realty LLC License #21003070

Last Buyer's Agent

Stephanie Owens

Homesprings Real Estate License #109717

Homesprings Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1999735

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,998

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 7,980 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,920 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 12 Parking Spaces
  • Open Parking

Schools

  • Madrona Elementary School
  • Chinook Mid Middle School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Des Moines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2724201290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,998

Year Built

Built in 1969 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1969
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4920
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition, Flat
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Slab
  • Property Condition: Remodeled
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Highline
  • High School: Buyer To Verify
  • Middle Or Junior School: Chinook Mid

Lot Info

  • Parcel Number: 2724201290
  • Lot Size Acres: 0.1832
  • Lot Size Sq Ft: 7980
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.88
  • LeasedItems: None
  • TotalMonthlyIncome: 7200

Tax Info

  • Year: 2022
  • Tax Annual Amount: 10998

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Madrona Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Nov 22, 2022
Sold by
5 Star Homes Llc
Bought by
No Starsproperties Llc
Seller's Agent
Sarah Noet
Best Choice Network LLC
Buyer's Agent
Stephanie Owens
Homesprings Real Estate
List Price
$1,199,000
Sold Price
$1,173,000
Premium/Discount to List
-$26,000
-2.17%
Views
3
Current Estimated Value
$1,220,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,317
Avg. Annual Appreciation
1.34%
Original Mortgage
$938,400
Outstanding Balance
$57,408
Interest Rate
6.95%
Mortgage Type
Seller Take Back
Estimated Equity
$1,162,909

Purchase Details

Closed on
Oct 27, 2016
Sold by
Kumar Rajesh
Bought by
5 Star Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
3.5%

Purchase Details

Closed on
Dec 14, 2011
Sold by
Mongia Sapnu Kuma
Bought by
Kumar Rajesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,700
Interest Rate
3.94%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 9, 2011
Sold by
Seevilai Bouahom and Thavee Singthoon
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 23, 2007
Sold by
Shiref Marcus
Bought by
Seevilai Bouahom and Thavee Singthoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.21%

Purchase Details

Closed on
Apr 13, 2006
Sold by
Kirk Vanzell
Bought by
Shiref Marcus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
7.87%

Purchase Details

Closed on
Apr 19, 2004
Sold by
Kirk Julie A
Bought by
Kirk Vanzell

Purchase Details

Closed on
Jul 19, 2000
Sold by
Kleitsch Joseph R and Kleitsch Gro M
Bought by
Kirk Vanzell and Kirk Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
No Starsproperties Llc $1,173,000 First American Title
5 Star Homes Llc -- Wfg National
Kumar Rajesh -- Stewart Title
Kumar Rajesh -- Stewart Title
Federal National Mortgage Association $528,042 1St American
Seevilai Bouahom $450,000 Commonwealth L
Shiref Marcus $510,000 Stewart Title
Kirk Vanzell -- Lawyers Title
Kirk Vanzell -- Old Republic T
Kirk Vanzell $270,000 Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open No Starsproperties Llc $938,400
Previous Owner 5 Star Homes Llc $340,000
Previous Owner Kumar Rajesh $32,700
Previous Owner Kumar Rajesh $185,300
Previous Owner Seevilai Bouahom $405,000
Previous Owner Shiref Marcus $408,000
Previous Owner Kirk Vanzell $216,000
Closed Kirk Vanzell $27,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2022 11/30/22 Sold $1,173,000 0.0% $238 / Sq Ft
10/29/2022 10/29/22 Pending -- -- --
10/21/2022 10/21/22 Price Changed $1,173,000 -2.1% $238 / Sq Ft
10/15/2022 10/15/22 Price Changed $1,198,000 -0.1% $243 / Sq Ft
09/23/2022 09/23/22 For Sale $1,199,000 -- $244 / 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 $12,159 $1,047,000 $200,000 $847,000
2023 $12,413 $1,028,000 $180,000 $848,000
2022 $10,999 $984,000 $140,000 $844,000
2021 $10,381 $863,000 $120,000 $743,000
2020 $9,905 $771,000 $120,000 $651,000
2018 $6,799 $536,000 $111,700 $424,300
2017 $6,817 $459,000 $95,700 $363,300
2016 $6,529 $466,000 $63,800 $402,200
2015 $5,922 $455,000 $55,800 $399,200
2014 -- $407,000 $55,800 $351,200
2013 -- $401,000 $55,800 $345,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1999735

Northwest Multiple Listing Service (NWMLS)

APN: 272420-1290