NOT LISTED FOR SALE

Estimated Value: $951,214

-- Bed
-- Bath
4,100 Sq Ft
$232/Sq Ft Est. Value

Last Sold January 02, 2024

Last sale price $900,000 $220 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,100/month

35 Days on Market

Highlights

  • Ocean View
  • Slate Flooring
  • Wood Siding
  • No HOA
  • Baseboard Heating

About This Home

As of January 2024

Mixed use investment property in the heart of Des Moines. 3 large approx 800 sf 1bedroom apartments above with view of Puget Sound/ Olympic Mtns and 3 commercial spaces below on well trafficked Marine View Drive S. Extraordinary drive by visibility. 4 parking spaces for apartments behind building on 8th Avenue S and 6+parking spaces for commercial spaces off Marine View Drive S. More public parking on side street close by. Coin operated washer/dryer and storage space for tenants behind commercial space. Corridor behind retail provides access to shared bathroom for two commercial tenants and 1 tenant has own private bathroom. Please do not disturb tenants, call your broker or listing broker to schedule showing. Estate sale no form 17.

Last Agent to Sell the Property

Doug Hixson

Hood Canal Real Estate License #10670 Listed on: 11/02/2023

Last Buyer's Agent

Doug Hixson

Hood Canal Real Estate License #10670 Listed on: 11/02/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2177044

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,518

Year Built

  • Built in 1960

Lot Details

  • 5,500 Sq Ft Lot

Property Views

  • Ocean
  • Views of a Sound
  • Bay
  • Mountain

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 4,100 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Slate Flooring
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Des Moines Subdivision

Listing and Financial Details

  • Legal Lot and Block 3-4 / 76
  • Assessor Parcel Number 200661130

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,518

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1960
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4100
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 321

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Slate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • View: Bay, Mountain(s), Sea, Sound
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete, Wood
  • Foundation Details: Block, Poured Concrete
  • Property Condition: Fair
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Power
  • SewerCompany: Des Moines
  • WaterCompany: King Co Water District 54
  • WaterSewerGarbage: 3024

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 200661130
  • Lot Size Acres: 0.1263
  • Lot Size Sq Ft: 5500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: assessor
  • ZoningJurisdiction: City
  • LotNumber: 3-4

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.55
  • LeasedItems: None
  • TotalMonthlyIncome: 64320

Multi Family

  • Gross Scheduled Income: 64320
  • Net Operating Income: 45524
  • Number Of Units Total: 6
  • Electric Expense: 420
  • Insurance Expense: 4870
  • Leasable Area: 4100
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7518

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2023
Closed on
Dec 30, 2023
Sold by
Apple Larry J
Bought by
Olympus Investment Group Llc
Seller's Agent
Doug Hixson
Hood Canal Real Estate
Buyer's Agent
Doug Hixson
Hood Canal Real Estate
List Price
$1,000,000
Sold Price
$900,000
Premium/Discount to List
-$100,000
-10%
Views
40
Current Estimated Value
$951,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,214
Avg. Annual Appreciation
3.15%
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
Olympus Investment Group Llc $900,000 Fidelity National Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2024 01/02/24 Sold $900,000 -10.0% $220 / Sq Ft
12/07/2023 12/07/23 Pending -- -- --
11/26/2023 11/26/23 Price Changed $1,000,000 0.0% $244 / Sq Ft
11/26/2023 11/26/23 For Sale $1,000,000 -9.1% $244 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
11/02/2023 11/02/23 For Sale $1,100,000 -- $268 / 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 $9,610 $776,900 $144,300 $632,600
2023 $8,824 $717,500 $144,300 $573,200
2022 $7,216 $656,000 $144,300 $511,700
2021 $7,577 $553,500 $144,300 $409,200
2020 $7,312 $553,500 $144,300 $409,200
2018 $6,560 $490,000 $122,100 $367,900
2017 $5,188 $441,000 $122,100 $318,900
2016 $4,974 $348,500 $122,100 $226,400
2015 $5,235 $340,700 $122,100 $218,600
2014 -- $356,900 $127,600 $229,300
2013 -- $356,900 $127,600 $229,300
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2177044

Northwest Multiple Listing Service (NWMLS)

APN: 200660-1130