NOT LISTED FOR SALE

2734 Initial Place Enumclaw, WA 98022

Estimated Value: $997,000 - $1,035,000

-- Bed
-- Bath
3,552 Sq Ft
$286/Sq Ft Est. Value

Last Sold February 07, 2024

Last sale price $1,000,000 $282 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,396/month

5 Days on Market

Highlights

  • Mountain View
  • Wood Burning Stove
  • Thermal Windows
  • Deck
  • No HOA
  • Cul-De-Sac

About This Home

As of February 2024

Hard to find 4plex with 2 bedroom 1.5 bath units - 2 parking spaces per unit 9 total. Newer roof and insulation in 2020. Newer vinyl windows and sliding doors 2015, newer water heaters, duradek vinyl decking. One unit freshly painted, new carpet, new sink, new wall heaters new rent. Ready for a new renter with higher rent. All units have a deck or patio and outdoor storage and washer and dryer hookups. Bedrooms and living space is very spacious. Walk to town or schools. 3 units have a view of Mount Rainier! Rents are currently below market but 3 units have long term month to month tenants keeping utilities low. Owners have meticulously maintained this building - turn key, ready for you to cash flow.

Last Listed By

Karen Jackson

John L. Scott, Inc License #74092 Listed on: 10/20/2023

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2170560

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,390

Year Built

  • Built in 1982

Lot Details

  • 0.28 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,552 Sq Ft Home
  • 2-Story Property
  • Wood Burning Stove
  • Thermal Windows
  • Mountain Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 9 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Enumclaw Mid Middle School
  • Enumclaw Snr High School

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • High School Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0899010070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,390

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1982
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3552
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 254

Interior Features

  • Possible Use: Multi-Family
  • 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: Mountain(s)
  • Lot Features: Cul-De-Sac, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 9
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 9

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Stove/Free Standing, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Enumclaw
  • WaterCompany: City of Enumclaw
  • WaterSewerGarbage: 2337

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Enumclaw
  • High School: Enumclaw Snr High
  • Middle Or Junior School: Enumclaw Mid

Lot Info

  • Parcel Number: 0899010070
  • Lot Size Acres: 0.2788
  • Lot Size Sq Ft: 12146
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Wood

Rental Info

  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 5350

Multi Family

  • Gross Scheduled Income: 64200
  • Net Operating Income: 51035
  • Number Of Units Total: 4
  • Insurance Expense: 2660
  • Leasable Area: 3552
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7390

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2002
Sold by
Cairnes Pamela J
Bought by
Barr Brad L and Hoffman Barr Dorothea L
Total Days on Market
5
Current Estimated Value
$1,014,773

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,700
Interest Rate
6.83%

Purchase Details

Closed on
May 3, 2000
Sold by
Shoemaker Robert F and Shoemaker Jean
Bought by
Cairnes Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
8.25%

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
Barr Brad L $264,950 Stewart Title
Cairnes Pamela J $220,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barr Brad $200,000
Closed Barr Brad L $225,000
Closed Barr Brad L $198,700
Previous Owner Cairnes Pamela J $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2024 02/07/24 Sold $1,000,000 0.0% $282 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $999,999 -- $282 / 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 $9,239 $963,000 $170,000 $793,000
2023 $7,390 $821,000 $170,000 $651,000
2022 $7,022 $813,000 $145,700 $667,300
2021 $6,992 $700,000 $133,600 $566,400
2020 $6,016 $635,000 $133,600 $501,400
2018 $4,976 $466,000 $110,000 $356,000
2017 $4,738 $406,000 $110,000 $296,000
2016 $4,451 $399,000 $110,000 $289,000
2015 $4,623 $369,000 $80,000 $289,000
2014 -- $367,000 $65,000 $302,000
2013 -- $367,000 $65,000 $302,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2170560

Northwest Multiple Listing Service (NWMLS)

APN: 089901-0070