Listed by WeLakeside, Bought with Mountain View Realty Group
NOT LISTED FOR SALE

Estimated Value: $967,000 - $1,099,045

8 Beds
4 Baths
3,528 Sq Ft
$293/Sq Ft Est. Value

Last Sold November 25, 2020

Last sale price $960,000 $272 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,447/month

4 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Property is Fully Fenced
  • Marble Flooring
  • Cul-De-Sac
  • Wood Siding

About This Home

As of November 2020

THIS IS A “HARD TO BEAT OPPORTUNITY” TO INVEST IN A SOLID BUSINESS with very strong financials and “GOOD CASH FLOW”. Property is 100% occupied with an excellent cap rate! This 4 plex has 2 townhouse style units, the other 2 units are upstairs units with a balcony, and the other is a downstairs end unit. All units have a private single garage. New landmark series roof installed! Pride of ownership throughout this property with gorgeous landscaping and has new gutters! Don’t miss this opportunity!

Last Agent to Sell the Property

Kristin Hood

WeLakeside License #129676 Listed on: 10/22/2020

WeLakeside

Co-Listed By

Royal Omolade

Real Experts Realty License #27374

Last Buyer's Agent

Shawn Quinton

Mountain View Realty Group License #94809

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1681394

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,396

Year Built

  • Built in 1975

Lot Details

  • 10,054 Sq Ft Lot
  • Cul-De-Sac
  • Property is Fully Fenced
  • Corner Lot

Home Design

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

Interior Spaces

  • 3,528 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Marble

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Auburn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2891740120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,396

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1975
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3528
  • Special Features: None
  • Cumulative Days on Market: 365

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Marble, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Slab
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 5903

Condo/Co-op/Association

  • Common Interest: Multi-Family

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 2891740120
  • Lot Size Acres: 0.2308
  • Lot Size Sq Ft: 10054
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 6272

Multi Family

  • Gross Scheduled Income: 75260
  • Net Operating Income: 54198
  • Number Of Units Total: 4
  • Insurance Expense: 1518
  • Leasable Area: 3528
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2020
  • Tax Annual Amount: 8396

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2021
Sold by
Quinton Mike and Quinton Sara
Bought by
Bock Marvin and Evans Nadine
Current Estimated Value
$1,033,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$723,750
Outstanding Balance
$670,280
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$360,277

Purchase Details

Listed on
Oct 22, 2020
Closed on
Nov 17, 2020
Sold by
Albert Dennis A and Albert Gayle C
Bought by
Quinton Mike and Quinton Sara
Seller's Agent
Kristin Hood
WeLakeside
Buyer's Agent
Shawn Quinton
Mountain View Realty Group
List Price
$899,000
Sold Price
$960,000
Premium/Discount to List
$61,000
6.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.50%

Purchase Details

Closed on
Mar 8, 2002
Sold by
Albert Dennis A and Albert Gayle C
Bought by
Albert Dennis A and Albert Gayle C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.85%
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
Bock Marvin $965,000 First American Title
Quinton Mike $960,000 Fidelity National Title
Albert Dennis A -- Pacific Nw Tit
Albert Dennis A $94,550 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bock Marvin $723,750
Previous Owner Quinton Michael $600,000
Previous Owner Albert Dennis A $220,000
Previous Owner Albert Dennis A $217,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $960,000 +6.8% $272 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $899,000 -- $255 / 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 $9,923 $839,000 $100,500 $738,500
2023 $11,459 $936,000 $100,500 $835,500
2022 $9,704 $919,000 $90,000 $829,000
2021 $9,041 $731,000 $80,000 $651,000
2020 $8,398 $643,000 $80,000 $563,000
2018 $6,924 $539,000 $80,000 $459,000
2017 $6,528 $439,000 $80,000 $359,000
2016 $5,683 $415,000 $80,000 $335,000
2015 $5,161 $383,000 $75,000 $308,000
2014 -- $335,000 $75,000 $260,000
2013 -- $328,000 $75,000 $253,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1681394

Northwest Multiple Listing Service (NWMLS)

APN: 289174-0120