Listed by Capstone Commercial, Bought with Fairway Real Estate
NOT LISTED FOR SALE

24057 Witte Rd SE Maple Valley, WA 98038

Estimated Value: $1,835,000 - $2,614,000

2 Beds
1 Bath
5,692 Sq Ft
$405/Sq Ft Est. Value

Last Sold December 18, 2017

Last sale price $1,385,000 $243 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $13,752/month

73 Days on Market

Highlights

  • 0.37 Acre Lot
  • Wood Flooring
  • Property is in very good condition
  • Lake Wilderness Elementary School Rated A
  • Thermal Windows
  • Wood Siding

About This Home

As of December 2017

• Turnkey Investment in a prime Location • 4 Luxurious Townhomes averaging 1,423sf on a large lot • High Demand for rental properties • 4 Detached Single Car Garages • 9 Foot Ceilings • Genuine Hardwood • Spacious Walk-In Closets • Gas Fireplaces • Walking distance to Wilderness Village Elementary School and many other amenities • Rare opportunity to own rental property in Maple Valley

Last Agent to Sell the Property

Robert Wright

Capstone Commercial License #1984 Listed on: 09/16/2017

Last Buyer's Agent

Richard Simmons

Fairway Real Estate License #23310

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1194893

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,252

Year Built

  • Built in 2006

Lot Details

  • 0.37 Acre Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet

Parking

  • 13 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Lake Wilderness Elementary School
  • Tahoma Middle Sch
  • Tahoma Snr High School

Community Details

  • Lake Wilderness Subdivision

Listing and Financial Details

  • Tax Lot 212206-9087
  • Assessor Parcel Number 212206

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,252

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2006
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 449

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 9
  • Open Parking: Yes
  • Total Parking Spaces: 13
  • ParkingUncoveredSpaces: 9

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 7564

Schools

  • Junior High Dist: Tahoma
  • High School: Tahoma Snr High
  • Middle Or Junior School: Tahoma Middle Sch

Lot Info

  • Parcel Number: 212206
  • Lot Size Acres: 0.3665
  • Lot Size Sq Ft: 15965
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: parcel viewer
  • ZoningClass: Multi-Family
  • LotNumber: 212206-9087

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 7735

Multi Family

  • Gross Scheduled Income: 92820
  • Net Operating Income: 60293
  • Number Of Units Total: 4
  • Insurance Expense: 2934
  • Leasable Area: 5692
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 11252

MLS Schools

  • Elementary School: Lake Wilderness Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2017
Closed on
Dec 18, 2017
Sold by
Maple Valley Investors Us
Bought by
Bauer Trevor
Seller's Agent
Robert Wright
Capstone Commercial
Buyer's Agent
Richard Simmons
Fairway Real Estate
List Price
$1,495,000
Sold Price
$1,385,000
Premium/Discount to List
-$110,000
-7.36%
Current Estimated Value
$2,305,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$920,195
Avg. Annual Appreciation
6.90%

Purchase Details

Closed on
Feb 28, 2001
Sold by
Benis Christopher T and Mcclincy Timothy W
Bought by
Maple Valley Investors Llc
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
Bauer Trevor $1,384,000 Fidelity National Title
Maple Valley Investors Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maple Valley Investors Llc $735,000
Previous Owner Maple Valley Investors Llc $190,000
Previous Owner Mcclincy Timothy W $190,000
Previous Owner Maple Valley Investors Llc $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2017 12/18/17 Sold $1,385,000 -7.4% $243 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
09/16/2017 09/16/17 For Sale $1,495,000 -- $263 / 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 $13,575 $1,199,000 $215,500 $983,500
2023 $12,881 $1,362,000 $207,500 $1,154,500
2022 $14,172 $1,343,000 $207,500 $1,135,500
2021 $14,385 $1,239,000 $207,500 $1,031,500
2020 $13,101 $1,157,000 $191,500 $965,500
2018 $12,946 $1,030,000 $191,500 $838,500
2017 $11,153 $951,000 $159,600 $791,400
2016 $10,776 $846,000 $159,600 $686,400
2015 $9,324 $753,000 $103,700 $649,300
2014 -- $631,000 $103,700 $527,300
2013 -- $580,000 $103,700 $476,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1194893

Northwest Multiple Listing Service (NWMLS)

APN: 212206-9087