Listed by ShopProp Inc., Bought with Pellego, Inc.
NOT LISTED FOR SALE

Estimated Value: $890,222 - $1,221,000

7 Beds
4 Baths
4,120 Sq Ft
$256/Sq Ft Est. Value

Last Sold November 01, 2019

Last sale price $600,000 $146 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,712/month

11 Days on Market

Highlights

  • Thermal Windows
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of November 2019

High earning potential Quadruplex on a dead-end street in cul-de-sac. Three large units and a capacious unit with a patio and a driveway to a private entrance. On-site coin-op laundry for tenants. Close to Kent Station and businesses. Easy access to highway 167 and Sounder train.

Last Agent to Sell the Property

ShopProp Realty

ShopProp Inc. License #18615 Listed on: 09/09/2019

Last Buyer's Agent

Robert Hernon

Pellego, Inc. License #137930

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1516331

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,667

Year Built

  • Built in 1976

Lot Details

  • 9,500 Sq Ft Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,120 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Meadow Ridge Elementary School
  • Mill Creek Mid Sch Middle School
  • Kent-Meridian High School

Community Details

  • Fairfield Add Condos
  • East Hill Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 2459000060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,667

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Fairfield Add
  • New Construction: No
  • CalculatedSquareFootage: 4120
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 362

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • 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
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 5900

Schools

  • Junior High Dist: Kent
  • High School: Kent-Meridian High
  • Middle Or Junior School: Mill Creek Mid Sch

Lot Info

  • Parcel Number: 2459000060
  • Lot Size Acres: 0.2181
  • Lot Size: 9500
  • Lot Size Sq Ft: 9500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family
  • LotNumber: 6

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 4495

Multi Family

  • Gross Scheduled Income: 53940
  • Net Operating Income: 36667
  • Number Of Units Total: 4
  • Electric Expense: 350
  • Insurance Expense: 1538
  • Leasable Area: 3900
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 7667

MLS Schools

  • Elementary School: Meadow Ridge Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2019
Closed on
Oct 22, 2019
Sold by
Tino Properties Llc
Bought by
Gasan Veselin V
Seller's Agent
ShopProp Realty
ShopProp Inc.
Buyer's Agent
Robert Hernon
Pellego, Inc.
List Price
$549,000
Sold Price
$600,000
Premium/Discount to List
$51,000
9.29%
Current Estimated Value
$1,055,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$455,611
Avg. Annual Appreciation
10.07%
Original Mortgage
$480,000
Outstanding Balance
$427,596
Interest Rate
3.7%
Estimated Equity
$620,333

Purchase Details

Listed on
May 4, 2012
Closed on
Jul 31, 2012
Sold by
Cascadia Creek Llc
Bought by
Tino Properties Llc
Seller's Agent
Linnea Jones
Windermere R.E. Northeast, Inc
Buyer's Agent
ShopProp Realty
ShopProp Inc.
List Price
$449,000
Sold Price
$320,000
Premium/Discount to List
-$129,000
-28.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%

Purchase Details

Closed on
Aug 30, 2007
Sold by
Brown Karen L
Bought by
Cascadia Creek Llc

Purchase Details

Closed on
Jan 5, 2007
Sold by
Brady John P
Bought by
Brown Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.1%

Purchase Details

Closed on
Apr 25, 1990
Sold by
Jackson Dwight A and Jackson Rhodora M
Bought by
Brady John P
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
Gasan Veselin V -- Old Republic Title Ltd
Tino Properties Llc $320,000 Cw Title Co
Cascadia Creek Llc -- None Available
Brown Karen L $400,000 First American
Brady John P $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gasan Veselin V $480,000
Previous Owner Brown Karen L $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Sold $600,000 +9.3% $146 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
09/09/2019 09/09/19 For Sale $549,000 +71.6% $133 / Sq Ft
08/02/2012 08/02/12 Sold $320,000 -28.7% $78 / Sq Ft
07/11/2012 07/11/12 Pending -- -- --
05/04/2012 05/04/12 For Sale $449,000 -- $109 / 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 $11,534 $1,039,000 $200,000 $839,000
2023 $8,485 $962,000 $170,000 $792,000
2022 $8,155 $720,000 $165,000 $555,000
2021 $9,158 $600,000 $165,000 $435,000
2020 $8,993 $668,000 $165,000 $503,000
2018 $7,211 $573,000 $135,000 $438,000
2017 $6,545 $482,000 $130,000 $352,000
2016 $6,360 $450,000 $130,000 $320,000
2015 $5,774 $419,000 $130,000 $289,000
2014 -- $399,000 $130,000 $269,000
2013 -- $417,000 $130,000 $287,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1516331

Northwest Multiple Listing Service (NWMLS)

APN: 245900-0060