Listed by John L. Scott, Inc, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

2715 S 256th Place Unit 1-4 Kent, WA 98032

Estimated Value: $875,000 - $1,029,989

7 Beds
4 Baths
2,896 Sq Ft
$324/Sq Ft Est. Value

Last Sold November 08, 2021

Last sale price $900,000 $311 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,605/month

3 Days on Market

Highlights

  • Deck
  • Partially Fenced Property
  • Wood Siding
  • Ceramic Tile Flooring

About This Home

As of November 2021

Excellent cash flowing 4-plex in Kent! Three two bed/1 bath and one 1 bed/1 bath unit. 3 out of the 4 units have been renovated with new kitchen, flooring, paint, lighting, vanity and more. Coin operated laundry, plus there is still room to increase rents and improve your cash flow. With current numbers cap rate is at 6%. Lots of parking spots. Close to freeways, shopping, schools and parks.

Last Agent to Sell the Property

Nelya Calev

John L. Scott, Inc License #97542 Listed on: 09/22/2021

John L. Scott, Inc

Last Buyer's Agent

Renee Hung

Skyline Properties, Inc. License #131288

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1842121

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,472

Year Built

  • Built in 1977

Lot Details

  • 7,220 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,896 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Lake Fenwick Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9292900240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,472

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
  • New Construction: No
  • CalculatedSquareFootage: 2896
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • 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
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 3870

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 9292900240
  • Lot Size Acres: 0.1657
  • Lot Size Sq Ft: 7220
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 6000

Multi Family

  • Gross Scheduled Income: 72000
  • Net Operating Income: 58728
  • Number Of Units Total: 4
  • Electric Expense: 210
  • Insurance Expense: 1720
  • Leasable Area: 2896
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7472

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2025
Sold by
Zhou Yanling
Bought by
Yu Xiaodan
Current Estimated Value
$937,997

Purchase Details

Closed on
Jan 13, 2023
Sold by
Chen Huaiwei and Chen Chunxian
Bought by
Zhou Yanling and Chen Deyu

Purchase Details

Listed on
Sep 22, 2021
Closed on
Nov 7, 2021
Sold by
2715 S 256Th Llc
Bought by
Chen Huaiwei and Li Chunxian
Seller's Agent
Nelya Calev
John L. Scott, Inc
Buyer's Agent
Renee Hung
Skyline Properties, Inc.
List Price
$880,000
Sold Price
$900,000
Premium/Discount to List
$20,000
2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.17%
Original Mortgage
$540,000
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2020
Sold by
Lipstein Allan and Lipstein Sari Brosh
Bought by
2715 S 256Th Llc

Purchase Details

Closed on
May 11, 2020
Sold by
Kundu Abhijit and Banerjee Anwesha
Bought by
Lipstein Allan and Lipstein Sari Brosh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2017
Sold by
Wastell Blaine and Wastell Ellen S
Bought by
Kundu Abhijit and Banerjee Anwesha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.03%

Purchase Details

Closed on
Nov 20, 2003
Sold by
Bialoszewski Jerzy and Bialoszewski Maria
Bought by
Watell Blaine and Wastell Ellen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
4.25%

Purchase Details

Closed on
Feb 10, 1996
Sold by
Mcmillin Michael J
Bought by
Mcmillin Michael J and Mcmillin Jean
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
Yu Xiaodan $313 None Listed On Document
Zhou Yanling -- --
Chen Huaiwei $900,000 Fidelity National Title
2715 S 256Th Llc -- Accommodation
Lipstein Allan $670,000 First American Title
Kundu Abhijit $491,000 Fidelity Natio
Watell Blaine $345,000 Fidelity Natio
Mcmillin Michael J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Huaiwei $540,000
Previous Owner Lipstein Allan $502,500
Previous Owner Kundu Abhijit $150,000
Previous Owner Watell Blaine $276,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2021 11/08/21 Sold $900,000 +2.3% $311 / Sq Ft
09/25/2021 09/25/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $880,000 -- $304 / 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 $7,819 $780,000 $200,000 $580,000
2023 $8,473 $833,000 $160,000 $673,000
2022 $8,253 $788,000 $140,000 $648,000
2021 $7,472 $664,000 $120,000 $544,000
2020 $6,579 $566,000 $120,000 $446,000
2018 $6,255 $404,000 $85,000 $319,000
2017 $5,482 $382,000 $80,000 $302,000
2016 $5,665 $345,000 $75,000 $270,000
2015 $4,528 $349,000 $75,000 $274,000
2014 -- $303,000 $75,000 $228,000
2013 -- $313,000 $75,000 $238,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1842121

Northwest Multiple Listing Service (NWMLS)

APN: 929290-0240