NOT LISTED FOR SALE

Estimated Value: $882,000 - $933,000

6 Beds
4 Baths
2,600 Sq Ft
$348/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $871,500 $335 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,717/month

114 Days on Market

Highlights

  • Deck
  • No HOA
  • Vinyl Plank Flooring
  • Territorial View
  • Thermal Windows
  • Baseboard Heating

About This Home

As of November 2023

Wonderful 4plex in a convenient location with an outstanding mix of 2 2-bed/1 bath units and 2 1-bed/1 bath units. This building is well-maintained with consistent updates. Market rents push $1,700 for the 2-bed and $1,525 for the 1-bed units ($6,500 a month)! Coin-op laundry for added income. Rents are below market due to long-term tenants giving this value add potential by raising rents, instituting RUBS, and continuing to improve the units. Close to the upcoming Des Moines light rail expansion stop. Development is happening quickly and will rapidly increase property values and rents! NEW TPO ROOF as of September 2023!

Last Agent to Sell the Property

Count Gregg

AgencyOne License #121800 Listed on: 06/23/2023

AgencyOne

Last Buyer's Agent

Danielle Matia

Keller Williams Eastside License #137911

Keller Williams Eastside

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2130903

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,799

Year Built

  • Built in 1967

Lot Details

  • 7,540 Sq Ft Lot
  • Lot Dimensions are 66x114
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Vinyl Plank
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Des Moines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7827200030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,799

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2600
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 404

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Midway
  • WaterCompany: Highline Water
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 7827200030
  • Lot Size Acres: 0.1731
  • Lot Size: 66x114
  • Lot Size Sq Ft: 7540
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 182
  • LeasedItems: None
  • TotalMonthlyIncome: 5395

Multi Family

  • Gross Scheduled Income: 5295
  • Net Operating Income: 55646
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 2600
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7799

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2023
Closed on
Nov 16, 2023
Sold by
Gregg Logan and Gregg Angela
Bought by
Masese Linnet and Wamai Harrison
Seller's Agent
Count Gregg
AgencyOne
Buyer's Agent
Danielle Matia
Keller Williams Eastside
List Price
$965,000
Sold Price
$871,500
Premium/Discount to List
-$93,500
-9.69%
Views
159
Current Estimated Value
$903,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,195
Avg. Annual Appreciation
2.72%
Original Mortgage
$566,248
Outstanding Balance
$558,922
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$349,558

Purchase Details

Listed on
Mar 5, 2020
Closed on
Apr 8, 2020
Sold by
Conover Kris
Bought by
Pratt Angela and Gregg Logan
Seller's Agent
Kris Conover
Windermere Real Estate/East
Buyer's Agent
Count Gregg
AgencyOne
List Price
$718,500
Sold Price
$702,500
Premium/Discount to List
-$16,000
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%
Original Mortgage
$513,750
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 27, 2016
Closed on
Nov 26, 2016
Sold by
Badil Samantha
Bought by
Conover Kris
Buyer's Agent
Kris Conover
Windermere Real Estate/East
List Price
$445,000
Sold Price
$425,000
Premium/Discount to List
-$20,000
-4.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.93%
Original Mortgage
$407,483
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 7, 2014
Closed on
Mar 11, 2014
Sold by
Veeramachaneni Kiranmai
Bought by
Badil Samantha
Seller's Agent
Raghu Kethineni
WeLakeside
List Price
$314,100
Sold Price
$304,000
Premium/Discount to List
-$10,100
-3.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.11%
Original Mortgage
$298,493
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 27, 2011
Sold by
Kethineni Raghu
Bought by
Veeramachaneni Kiranmai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
4.71%

Purchase Details

Closed on
Apr 22, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Verramachaneni Kiranmai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
4.71%

Purchase Details

Closed on
Jan 3, 2011
Sold by
Ikilikyan Haikanush
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
May 28, 2007
Sold by
Ikilikyan Alexis and Ikilikyan Haikanush
Bought by
21914 29Th Rental Property Llc

Purchase Details

Closed on
Aug 13, 2004
Sold by
Poff William S
Bought by
Ikilikyan Hakanush

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,825
Interest Rate
5.77%

Purchase Details

Closed on
Nov 20, 1992
Sold by
Fu Sheng and Fu Kay
Bought by
Koch Milton J and Koch Gwendolyn K
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
Masese Linnet $871,150 Chicago Title
Pratt Angela $702,500 Rainier Title Llc
Conover Kris $420,000 Old Republic T
Badil Samantha $304,000 Fidelity Natio
Veeramachaneni Kiranmai -- Stewart Title
Verramachaneni Kiranmai $210,000 Stewart Title
Deutsche Bank National Trust Company $252,000 None Available
21914 29Th Rental Property Llc -- None Available
Ikilikyan Hakanush -- Stewart Title
Ikilikyan Hakanush -- Stewart Title
Ikilikyan Haikanush $319,500 Stewart Title
Koch Milton J $153,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masese Linnet $566,248
Previous Owner Pratt Angela $513,750
Previous Owner Conover Kris $407,483
Previous Owner Badil Samantha $298,493
Previous Owner Veeramacheni Kirnamaie $206,250
Previous Owner Veeramachaneni Kiranmai $55,000
Previous Owner Veeramachaneni Kiranmai $175,304
Previous Owner Verramachaneni Kiranmai $175,304
Previous Owner Ikilikyan Haikanush $111,825
Previous Owner Ikilikyan Haikanush $223,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $871,500 -2.6% $335 / Sq Ft
10/15/2023 10/15/23 Pending -- -- --
09/26/2023 09/26/23 Price Changed $895,000 -2.7% $344 / Sq Ft
08/09/2023 08/09/23 Price Changed $920,000 -4.7% $354 / Sq Ft
06/23/2023 06/23/23 For Sale $965,000 +37.4% $371 / Sq Ft
04/24/2020 04/24/20 Sold $702,500 -2.2% $270 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $718,500 +69.1% $276 / Sq Ft
12/01/2016 12/01/16 Sold $425,000 -4.5% $155 / Sq Ft
10/13/2016 10/13/16 Pending -- -- --
10/11/2016 10/11/16 For Sale $445,000 0.0% $162 / Sq Ft
09/30/2016 09/30/16 Pending -- -- --
09/27/2016 09/27/16 For Sale $445,000 +46.4% $162 / Sq Ft
03/13/2014 03/13/14 Sold $304,000 -3.2% $111 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
01/07/2014 01/07/14 For Sale $314,100 -- $115 / 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 $8,199 $696,000 $200,000 $496,000
2023 $7,799 $751,000 $160,000 $591,000
2022 $8,504 $683,000 $160,000 $523,000
2021 $8,198 $659,000 $120,000 $539,000
2020 $6,739 $602,000 $120,000 $482,000
2018 $5,070 $402,000 $85,000 $317,000
2017 $4,517 $336,000 $75,400 $260,600
2016 $4,629 $301,000 $75,400 $225,600
2015 $3,962 $316,000 $52,700 $263,300
2014 -- $266,000 $52,700 $213,300
2013 -- $272,000 $52,700 $219,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2130903

Northwest Multiple Listing Service (NWMLS)

APN: 782720-0030