NOT LISTED FOR SALE

2714 S 259th St Kent, WA 98032

Estimated Value: $768,000 - $876,000

7 Beds
4 Baths
3,200 Sq Ft
$253/Sq Ft Est. Value

Last Sold February 24, 2012

Last sale price $280,000 $88 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $4,945/month

161 Days on Market

Highlights

  • Cul-De-Sac
  • Partially Fenced Property
  • Wood Siding

About This Home

As of February 2012

Great investment opportunity! Very well maintained and updated 4-plex, cash flows, never a vacancy. All units are 2bed/1bath, clean, new vinyl windows, recessed lighting. Currenlty laundry room has 4 seperate w/d units - opportunity for more monthly income if you make tenants pay for laundry and will reduce water/sewer expenses. Rents are also low. Owner is motivated.

Last Agent to Sell the Property

Luke Larson

Larson Real Estate License #17656 Listed on: 09/04/2011

Last Buyer's Agent

Luke Larson

Larson Real Estate License #17656 Listed on: 09/04/2011

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 271032

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,799

Year Built

  • Built in 1977

Lot Details

  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • West Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9292900020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,799

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: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3200
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 5000

Schools

  • Junior High Dist: Kent

Lot Info

  • Parcel Number: 9292900020
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 875
  • LeasedItems: None
  • TotalMonthlyIncome: 3100

Multi Family

  • Gross Scheduled Income: 36000
  • Net Operating Income: 22000
  • Number Of Units Total: 4
  • Electric Expense: 1800
  • Insurance Expense: 1200
  • Leasable Area: 3200
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2011
  • Tax Annual Amount: 4799

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2011
Closed on
Feb 14, 2012
Sold by
Mehrer Harold H and Mehrer Marion
Bought by
Mahabir Shamilta and Singh Sanjalesh
Seller's Agent
Luke Larson
Larson Real Estate
Buyer's Agent
Luke Larson
Larson Real Estate
List Price
$315,000
Sold Price
$280,000
Premium/Discount to List
-$35,000
-11.11%
Current Estimated Value
$808,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,544
Avg. Annual Appreciation
7.96%

Purchase Details

Listed on
Sep 4, 2011
Closed on
Feb 13, 2012
Sold by
Mahabir Umesh Chand
Bought by
Mahabir Shamilta
Seller's Agent
Luke Larson
Larson Real Estate
Buyer's Agent
Luke Larson
Larson Real Estate
List Price
$315,000
Sold Price
$280,000
Premium/Discount to List
-$35,000
-11.11%

Purchase Details

Closed on
Jan 20, 2011
Sold by
Bembridge David G and Bembridge Vivienne F
Bought by
Mehrer Harold H and Mehrer Marion

Purchase Details

Closed on
Jun 26, 2009
Sold by
Mehrer Harold H and Mehrer Marion
Bought by
Mehrer Harold H and Mehrer Marion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
4.87%

Purchase Details

Closed on
Dec 23, 2005
Sold by
Mehat Sarabjit
Bought by
Mehat Sohan

Purchase Details

Closed on
Dec 7, 2004
Sold by
Mehrer Harold H and Mehrer Marion
Bought by
Mehrer Harold H and Mehrer Marion

Purchase Details

Closed on
Mar 5, 2004
Sold by
Graziano Ricardo G and Graziano Rita A
Bought by
Bembridge David G and Bembridge Vivienne F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.69%

Purchase Details

Closed on
Jul 12, 2002
Sold by
Shrock Rosalyn and Shrock Emery
Bought by
Graziano Ricardo G and Graziano Rita A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,044
Interest Rate
6.7%

Purchase Details

Closed on
Feb 16, 2000
Sold by
Rainwater Billy L and Rainwater Nora H
Bought by
Shrock Emery and Shrock Rosalyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,600
Interest Rate
8.16%

Purchase Details

Closed on
Nov 10, 1993
Sold by
Ehresman Terry L and Ehresman Linda R
Bought by
Rainwater Billy L and Rainwater Nora H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,100
Interest Rate
6.88%
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
Mahabir Shamilta $273,000 First American
Mahabir Shamilta -- First American
Singh Sanjalesh -- First American
Singh Vandna -- First American
Mehrer Harold H $15,000 None Available
Mehrer Harold H -- The Talon Grou
Mehrer Harold H -- The Talon Grou
Mehat Sohan -- Fidelity Natio
Mehrer Harold H -- --
Bembridge David G $270,000 Chicago Title
Graziano Ricardo G $284,000 Chicago Title
Shrock Emery $194,950 Evergreen Title Company Inc
Rainwater Billy L $155,000 Transamerica Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mehrer Harold H $171,000
Previous Owner Bembridge David G $216,000
Previous Owner Graziano Ricardo G $280,044
Previous Owner Shrock Emery $155,600
Previous Owner Rainwater Billy L $158,100
Closed Mehrer Harold H $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2012 02/24/12 Sold $280,000 -11.1% $88 / Sq Ft
02/14/2012 02/14/12 Pending -- -- --
09/05/2011 09/05/11 For Sale $315,000 -- $98 / 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 $8,103 $813,000 $200,000 $613,000
2023 $8,518 $801,000 $160,000 $641,000
2022 $8,544 $798,000 $140,000 $658,000
2021 $8,340 $696,000 $120,000 $576,000
2020 $6,741 $647,000 $120,000 $527,000
2018 $6,251 $404,000 $85,000 $319,000
2017 $5,642 $385,000 $80,000 $305,000
2016 $5,826 $360,000 $75,000 $285,000
2015 -- $363,000 $75,000 $288,000
2014 -- $321,000 $75,000 $246,000
2013 -- $336,000 $75,800 $260,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 271032

Northwest Multiple Listing Service (NWMLS)

APN: 929290-0020