Listed by John L. Scott Federal Way, Bought with Berkshire Hathaway HS NW
NOT LISTED FOR SALE

2705 S 258th St Kent, WA 98032

Estimated Value: $757,000 - $835,000

5 Beds
3 Baths
2,716 Sq Ft
$291/Sq Ft Est. Value

Last Sold March 01, 2019

Last sale price $476,200 $175 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,775/month

11 Days on Market

Highlights

  • City View
  • Property is Fully Fenced
  • 1-Story Property
  • Corner Lot
  • Vinyl Flooring

About This Home

As of March 2019

Attention Investors!!Great location in Kent & Federal way. 4 Plex full tenants needs a little manage and makes a good incomes.Property situated on corner lot. Has washer/ dryer hood up available. 2 Bedroom 1 bath unit A&C, 1Bedroom and 1 bath for unit B&D. Good tenants occupied.Please ask for showing instructions.Easy access I-5 and 167 freeways,Pacific highway.Convenient close to all amenities around. Good condition with potential for rent increases!Action fast and get it now will be your!

Last Agent to Sell the Property

Darlene Nguyen-Chapman

John L. Scott Federal Way License #106761 Listed on: 01/20/2019

John L. Scott Federal Way

Last Buyer's Agent

Florence Ong

Berkshire Hathaway HS NW License #108687

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1403007

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,557

Year Built

  • Built in 1977

Lot Details

  • 7,410 Sq Ft Lot
  • Lot Dimensions are 79x94
  • Property is Fully Fenced
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 2,716 Sq Ft Home
  • 1-Story Property
  • City Views

Flooring

  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • 6 Covered Spaces
  • Open Parking

Community Details

  • Western View Estates Condos
  • Kent Subdivision

Listing and Financial Details

  • Legal Lot and Block 10 / Plat Block
  • Assessor Parcel Number 9292900100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,557

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Western View Estates
  • New Construction: No
  • CalculatedSquareFootage: 2716
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Seller sets at 2.5%
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Forced Air, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Storage

Exterior Features

  • Roof: Composition
  • View: City
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Mid way Sewer
  • WaterCompany: City of Kent
  • WaterSewerGarbage: 1250

Schools

  • Junior High Dist: Kent
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 9292900100
  • Lot Size Acres: 0.1701
  • Lot Size: 79x94
  • Lot Size Sq Ft: 7410
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully
  • MLSLotSizeSource: King county
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 10

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 42000

Multi Family

  • Gross Scheduled Income: 42000
  • Net Operating Income: 33743
  • Number Of Units Total: 4
  • Insurance Expense: 450
  • Leasable Area: 2716
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5557

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2019
Closed on
Feb 27, 2019
Sold by
Gupta Sarita
Bought by
Castillo Padilla Alfredo
Seller's Agent
Darlene Nguyen-Chapman
John L. Scott Federal Way
Buyer's Agent
Florence Ong
Berkshire Hathaway HS NW
List Price
$469,950
Sold Price
$476,200
Premium/Discount to List
$6,250
1.33%
Current Estimated Value
$789,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,964
Avg. Annual Appreciation
6.88%

Purchase Details

Listed on
Jan 20, 2019
Closed on
Feb 19, 2019
Sold by
Castillo Chantelle and Castillo Padilla Alfredo
Bought by
Castillo Padilla Alfredo
Seller's Agent
Darlene Nguyen-Chapman
John L. Scott Federal Way
Buyer's Agent
Florence Ong
Berkshire Hathaway HS NW
List Price
$469,950
Sold Price
$476,200
Premium/Discount to List
$6,250
1.33%

Purchase Details

Listed on
Mar 3, 2014
Closed on
Jun 4, 2014
Sold by
Knaus Craig L and Doan Kim Thuy Thi
Bought by
Gupta Sarita
Seller's Agent
Darlene Nguyen-Chapman
John L. Scott Federal Way
Buyer's Agent
Darlene Nguyen-Chapman
John L. Scott Federal Way
List Price
$320,000
Sold Price
$325,000
Premium/Discount to List
$5,000
1.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.39%
Original Mortgage
$243,750
Interest Rate
4.27%

Purchase Details

Closed on
Apr 7, 2008
Sold by
Nguyen Chuong The
Bought by
Doan Kim Thuy Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,600
Interest Rate
6.22%

Purchase Details

Closed on
Feb 24, 1999
Sold by
Miller Keith D and Miller Chris M
Bought by
Hansen William R and Hansen Alyne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,600
Interest Rate
6.78%

Purchase Details

Closed on
Aug 15, 1994
Sold by
Cook Lawrence B
Bought by
Miller Keith D and Miller Chris M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
8.8%
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
Castillo Padilla Alfredo $476,200 First American Title Company
Castillo Padilla Alfredo -- First American Title
Gupta Sarita $325,000 Stewart Title
Doan Kim Thuy Thi -- Chicago Title
Knaus Craig L $338,000 Chicago Title
Hansen William R $154,500 Chicago Title Insurance Co
Miller Keith D $134,000 Transamerica Title Ins Svcs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gupta Sarita $243,750
Previous Owner Knaus Craig L $236,600
Previous Owner Hansen William R $138,600
Previous Owner Miller Keith D $114,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2019 03/01/19 Sold $476,200 +1.3% $175 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/20/2019 01/20/19 For Sale $469,950 +44.6% $173 / Sq Ft
06/06/2014 06/06/14 Sold $325,000 +1.6% $120 / Sq Ft
05/08/2014 05/08/14 Pending -- -- --
03/03/2014 03/03/14 For Sale $320,000 -- $118 / 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 $7,295 $730,000 $200,000 $530,000
2023 $7,588 $742,000 $160,000 $582,000
2022 $7,849 $706,000 $140,000 $566,000
2021 $7,141 $638,000 $120,000 $518,000
2020 $6,310 $547,000 $120,000 $427,000
2018 $5,557 $388,000 $85,000 $303,000
2017 $5,199 $339,000 $80,000 $259,000
2016 $5,359 $331,000 $75,000 $256,000
2015 -- $333,000 $75,000 $258,000
2014 -- $283,000 $75,000 $208,000
2013 -- $292,000 $75,000 $217,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1403007

Northwest Multiple Listing Service (NWMLS)

APN: 929290-0100