Listed by KW Mountains to Sound Realty, Bought with Real Estate 2000 Inc.
NOT LISTED FOR SALE

226 Seattle Blvd S Pacific, WA 98047

Estimated Value: $1,013,398

-- Bed
-- Bath
3,496 Sq Ft
$290/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $950,000 $272 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,083/month

3 Days on Market

Highlights

  • Deck
  • No HOA
  • Baseboard Heating
  • Territorial View
  • Vinyl Plank Flooring
  • Property is in very good condition

About This Home

As of October 2023

Check out this desirable investment opportunity in this professionally managed and well maintained 4-Plex tucked away in Pacific, WA. These updated, large two bedroom, one bath units offer an open and efficient living area complete with fireplaces and sliders to patios or decks. Kitchens are spacious and provide ample storage, eating space, and bar stool counters. Prime access to all commuting routes, regional malls, retail, and restaurants. Building is steps away to the coveted 14-mile Interurban Trail and has plenty of parking for each unit. Potential upside in rents and numerous and recent upgrades including a new roof and windows. This 4-plex is perfect as a start-up investment or a nice add to your portfolio.

Last Agent to Sell the Property

Brian Manaois

KW Mountains to Sound Realty License #1944 Listed on: 09/07/2023

KW Mountains to Sound Realty

Last Buyer's Agent

Russ Mishchuk

Real Estate 2000 Inc. License #8612

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2158339

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,594

Year Built

  • Built in 1980

Lot Details

  • 0.28 Acre Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,496 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Alpac Elementary School
  • Olympic Mid Middle School
  • Auburn Riverside Hig High School

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Hillmans Cd Pacific City Condos
  • Pacific Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3353402870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,594

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Hillmans Cd Pacific City
  • New Construction: No
  • CalculatedSquareFootage: 3496
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 5820

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Auburn
  • High School: Auburn Riverside Hig
  • Middle Or Junior School: Olympic Mid

Lot Info

  • Parcel Number: 3353402870
  • Lot Size Acres: 0.2755
  • Lot Size Sq Ft: 12000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12.91
  • LeasedItems: None
  • TotalMonthlyIncome: 6290

Multi Family

  • Gross Scheduled Income: 75480
  • Net Operating Income: 57623
  • Number Of Units Total: 4
  • Insurance Expense: 1500
  • Leasable Area: 12000
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7594

MLS Schools

  • Elementary School: Alpac Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2023
Closed on
Oct 4, 2023
Sold by
Boycheva Yuliya V
Bought by
Mironets Petr P
Seller's Agent
Brian Manaois
KW Mountains to Sound Realty
Buyer's Agent
Russ Mishchuk
Real Estate 2000 Inc.
List Price
$975,000
Sold Price
$950,000
Premium/Discount to List
-$25,000
-2.56%
Views
5
Current Estimated Value
$1,013,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,398
Avg. Annual Appreciation
2.01%
Original Mortgage
$665,000
Outstanding Balance
$655,129
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$332,210

Purchase Details

Listed on
Sep 7, 2023
Closed on
Oct 2, 2023
Sold by
Washburn Jason L and Washburn Katherine M
Bought by
Mironets Petr P
Seller's Agent
Brian Manaois
KW Mountains to Sound Realty
Buyer's Agent
Russ Mishchuk
Real Estate 2000 Inc.
List Price
$975,000
Sold Price
$950,000
Premium/Discount to List
-$25,000
-2.56%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Outstanding Balance
$655,129
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$332,210

Purchase Details

Closed on
Oct 20, 2010
Sold by
Downey Michael and Dahlin Stephanie
Bought by
Washburn Jason L and Washburn Katie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
4.18%

Purchase Details

Closed on
Aug 11, 2008
Sold by
Smd Properties Llc
Bought by
Dahlin Stephanie and Downey Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,584
Interest Rate
5.62%

Purchase Details

Closed on
Nov 16, 2007
Sold by
Downey Michael D and Dahlin Stephanie M
Bought by
Smd Properties Llc

Purchase Details

Closed on
Dec 20, 2006
Sold by
Rieman Cindy and Rieman Brett
Bought by
Downey Michael D and Dahlin Stephanie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,800
Interest Rate
9.11%

Purchase Details

Closed on
Dec 8, 2004
Sold by
Hardin Jack O
Bought by
Chan Cindy and Rieman Brett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.5%

Purchase Details

Closed on
Jun 30, 1999
Sold by
Vanengelenburg William C and Vanengelenburg Tina M
Bought by
Hardin Jack O and Hardin Leanna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,600
Interest Rate
7.4%

Purchase Details

Closed on
Feb 2, 1999
Sold by
Spaeth K Charles and Spaeth Charles K
Bought by
Vanengelenburg William C and Vanengelenburg Tina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.73%
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
Mironets Petr P $313 None Listed On Document
Mironets Petr P $950,000 None Listed On Document
Washburn Jason L $252,000 Commonwealth L
Dahlin Stephanie -- Ticor National
Smd Properties Llc -- None Available
Downey Michael D $446,000 Ticor National
Chan Cindy $335,000 Chicago Title
Hardin Jack O $222,000 Transnation Title Insurance
Vanengelenburg William C $220,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mironets Petr P $665,000
Previous Owner Washburn Jason L $250,000
Previous Owner Washburn Jason L $192,500
Previous Owner Dahlin Stephanie $472,584
Previous Owner Downey Michael D $356,800
Previous Owner Chan Cindy $268,000
Previous Owner Hardin Jack O $177,600
Previous Owner Vanengelenburg William C $176,000
Closed Vanengelenburg William C $22,000
Closed Hardin Jack O $22,200
Closed Chan Cindy $67,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2023 10/05/23 Sold $950,000 -2.6% $272 / Sq Ft
09/10/2023 09/10/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $975,000 -- $279 / 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 $719,000 $125,000 $594,000
2023 $7,991 $677,000 $120,000 $557,000
2022 $8,194 $693,000 $120,000 $573,000
2021 $8,026 $651,000 $100,000 $551,000
2020 $7,135 $601,000 $90,000 $511,000
2018 $6,236 $463,000 $75,000 $388,000
2017 $5,839 $416,000 $75,000 $341,000
2016 $5,705 $391,000 $75,000 $316,000
2015 -- $403,000 $75,000 $328,000
2014 -- $323,000 $75,000 $248,000
2013 -- $304,000 $75,000 $229,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2158339

Northwest Multiple Listing Service (NWMLS)

APN: 335340-2870