NOT LISTED FOR SALE

220 Varner Ave NE Unit 1-4 Orting, WA 98360

Estimated Value: $580,888 - $672,000

5 Beds
4 Baths
3,310 Sq Ft
$189/Sq Ft Est. Value

Last Sold December 28, 2022

Last sale price $530,000 $160 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,898/month

5 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Patio
  • 0.4 Acre Lot
  • No HOA
  • Stone Flooring

About This Home

As of December 2022

1st time ever on the market! Walk into not only a beautiful park like property BUT also a great cash flowing opportunity! 3 units rented with great tenants, the late owner wasn't able to finish the remodel in one unit, so bring your ideas to this beautiful canvas and be a part of Orting history! What was once a schoolteachers house, as the school and district buildings are next door; is now a fantastic opportunity to purchase a rent producing property at a comfortable price! 3 1 bed, 1 bath units downstairs, one 2 bed 1 bath upstairs awaits the perfect new owner. Unit 3 under remodeling can be made into a 2 beds unit. Close to downtown, schools, nice sidewalks, large 2 car garage plus extra outbuildings. Your parklike oasis awaits!

Last Listed By

Sarah Noet

Best Choice Network LLC License #110182 Listed on: 11/04/2022

Best Choice Network LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2013897

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,885

Year Built

  • Built in 1910 | Under Construction

Lot Details

  • 0.4 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Quadruplex
  • Block Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,310 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Stone
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Ptarmigan Ridge Inte Elementary School
  • Orting Mid Middle School
  • Orting High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Orting Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3120000010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,885

Year Built

Built in 1910 | Under Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1910
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3310
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 246

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Block
  • Property Condition: Under Construction
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 6330

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Orting
  • High School: Orting High
  • Middle Or Junior School: Orting Mid

Lot Info

  • Parcel Number: 3120000010
  • Lot Size Acres: 0.3992
  • Lot Size Sq Ft: 17388
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10.8
  • LeasedItems: None
  • TotalMonthlyIncome: 2770

Multi Family

  • Gross Scheduled Income: 48576
  • Net Operating Income: 36161
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 3310
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4885

MLS Schools

  • Elementary School: Ptarmigan Ridge Inte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Dec 23, 2022
Sold by
Wiedenhoft Betty L
Bought by
Prokhor Eduard
Seller's Agent
Sarah Noet
Best Choice Network LLC
Buyer's Agent
Aleksander Prokhor
Berkshire Hathaway HS NW
List Price
$524,000
Sold Price
$530,000
Premium/Discount to List
$6,000
1.15%
Total Days on Market
5
Views
7
Current Estimated Value
$626,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,444
Avg. Annual Appreciation
9.50%
Original Mortgage
$424,000
Outstanding Balance
$413,973
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$242,040

Purchase Details

Listed on
Nov 4, 2022
Closed on
Dec 22, 2022
Sold by
Prokhor Evelyn
Bought by
Prokhor Eduard
Seller's Agent
Sarah Noet
Best Choice Network LLC
Buyer's Agent
Aleksander Prokhor
Berkshire Hathaway HS NW
List Price
$524,000
Sold Price
$530,000
Premium/Discount to List
$6,000
1.15%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Outstanding Balance
$413,973
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$242,040

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
Prokhor Eduard -- First American Title
Prokhor Eduard -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prokhor Eduard $180,000
Open Prokhor Eduard $424,000
Previous Owner Glenn Ronald David $316,500
Previous Owner Glenn Ronald David $240,000
Previous Owner Glenn Ronald David $30,000
Previous Owner Glenn Ronald David $208,650
Previous Owner Glenn Ronald David $30,000
Previous Owner Glenn Ronald David $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Sold $530,000 +1.1% $160 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
11/04/2022 11/04/22 For Sale $524,000 -- $158 / 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 $5,100 $578,200 $200,500 $377,700
2023 $5,100 $535,200 $191,600 $343,600
2022 $4,885 $536,500 $191,600 $344,900
2021 $4,647 $384,100 $127,400 $256,700
2019 $4,107 $338,900 $108,100 $230,800
2018 $3,731 $318,900 $94,200 $224,700
2017 $3,731 $281,100 $75,700 $205,400
2016 $3,463 $223,800 $61,400 $162,400
2014 $2,904 $206,800 $54,900 $151,900
2013 $2,904 $171,500 $43,100 $128,400
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2013897

Northwest Multiple Listing Service (NWMLS)

APN: 312000-0010