Listed by Real Broker LLC, Bought with 360 Pacific
NOT LISTED FOR SALE

Estimated Value: $808,385 - $872,000

-- Bed
-- Bath
2,784 Sq Ft
$304/Sq Ft Est. Value

Last Sold July 13, 2015

Last sale price $365,000 $131 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $5,884/month

18 Days on Market

Highlights

  • Deck
  • Cul-De-Sac
  • Patio
  • Thermal Windows
  • Views
  • Ceramic Tile Flooring

About This Home

As of July 2015

Fully occupied 4-plex located within Panther Lake Community. Solid, turn-key, hands-off investment: on site management handles all the details! Each unit comes with its own washer & dryer, dishwasher, and fireplace; adding tenant appeal. Units updated, newer roof and exterior paint. 4 carport & 2 extra parking spaces. Long-term tenants with rents well below market; could be increased, creating upside potential.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 05/20/2015

Co-Listed By

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068

Last Buyer's Agent

Ton Nguyen

360 Pacific License #74025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 791083

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,226

Year Built

  • Built in 1979

Lot Details

  • 10,085 Sq Ft Lot
  • Cul-De-Sac
  • Sprinkler System
  • Property is in good condition

HOA Fees

  • $582 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,784 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Property Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Panther Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1322020650

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,226

Year Built

Built in 1979

Lot Details

0

HOA Fees

$582 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2784
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 370

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: See Remarks
  • Lot Features: Cul-De-Sac, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee: 6980
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 1322020650
  • Lot Size Acres: 0.2315
  • Lot Size Sq Ft: 10085
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Patio,Sprinkler System
  • MLSLotSizeSource: realist

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 3400

Multi Family

  • Gross Scheduled Income: 40800
  • Net Operating Income: 25406
  • Number Of Units Total: 4
  • Insurance Expense: 1499
  • Leasable Area: 2784
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 5226

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2015
Closed on
Jun 30, 2015
Sold by
Ruiz Victor and Ruiz Kimberly
Bought by
Truong Hoang and Thai Tuyet Nghi
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Ton Nguyen
360 Pacific
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%
Current Estimated Value
$846,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$481,128
Avg. Annual Appreciation
8.79%
Original Mortgage
$255,500
Interest Rate
3.83%

Purchase Details

Closed on
Apr 17, 2007
Sold by
Petrich John P and Petrich James J
Bought by
Ruiz Victor and Ruiz Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
6.11%

Purchase Details

Closed on
Feb 16, 1999
Sold by
Rostom D Rivera Llc
Bought by
Petrich John P and Petrich James J

Purchase Details

Closed on
Feb 5, 1999
Sold by
Rivera Rostom D and Rivera Beverly A
Bought by
Rostom D Rivera Llc
Source: Public Records

Range of Values:

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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
Truong Hoang $365,000 Old Republic
Ruiz Victor $430,000 Rainier Title
Petrich John P $172,000 Rainier Title Company
Rostom D Rivera Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tniong Hoang V $443,250
Closed Truong Hoang V $302,001
Closed Truong Hoang $255,500
Previous Owner Ruiz Victor $308,800
Previous Owner Ruiz Victor $322,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2015 07/13/15 Sold $365,000 -2.7% $131 / Sq Ft
06/08/2015 06/08/15 Pending -- -- --
05/20/2015 05/20/15 For Sale $375,000 -- $135 / 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 $8,309 $772,000 $200,000 $572,000
2023 $7,289 $759,000 $160,000 $599,000
2022 $7,535 $739,000 $140,000 $599,000
2021 $7,342 $665,000 $120,000 $545,000
2020 $6,405 $609,000 $120,000 $489,000
2018 $5,714 $464,000 $120,000 $344,000
2017 $5,221 $402,000 $100,000 $302,000
2016 $5,418 $367,000 $100,000 $267,000
2015 -- $365,000 $68,000 $297,000
2014 -- $323,000 $68,000 $255,000
2013 -- $326,000 $75,000 $251,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 791083

Northwest Multiple Listing Service (NWMLS)

APN: 132202-0650