Listed by Engel & Voelkers Seattle DT, Bought with Windermere R.E. Shoreline
NOT LISTED FOR SALE

2811 S 216th St Unit 4,5,6 Des Moines, WA 98198

Pacific Ridge Neighborhood

Estimated Value: $732,101 - $779,000

6 Beds
4 Baths
2,400 Sq Ft
$313/Sq Ft Est. Value

Last Sold December 04, 2017

Last sale price $430,000 $179 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,704/month

73 Days on Market

Highlights

  • Territorial View
  • Partially Fenced Property
  • 1-Story Property
  • Wood Flooring
  • Wood Siding

About This Home

As of December 2017

Do Not Miss This Opportunity to Buy a Well Maintained Multi- Family Property in Growing Des Moines! Many Improvements: New Roof 2014. Outside of Bldg Painted 2012 and Much More. Laundry room w Owned W/D = Extra Income (W=new 2015, D=new 2016). Plenty of Parking. Port of Seattle Window Pkg. Close to Freeway Access, Schools, Airport, Shopping & Restaurants. LIGHT RAIL going in just a few blocks away.

Last Agent to Sell the Property

Karen Abbey

Engel & Voelkers Seattle DT License #107077 Listed on: 08/15/2017

Engel & Voelkers Seattle DT

Last Buyer's Agent

Laura Kremer Carl

Windermere R.E. Shoreline License #3506

Windermere R.E. Shoreline

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1179048

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,655

Year Built

  • Built in 1973

Lot Details

  • 7,320 Sq Ft Lot
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Des Moines Condos
  • Des Moines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2724201550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,655

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1973
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Des Moines
  • New Construction: No
  • CalculatedSquareFootage: 2400
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 396

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Highline
  • WaterCompany: Highline
  • WaterSewerGarbage: 3504

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 2724201550
  • Lot Size Acres: 0.168
  • Lot Size: 7320
  • Lot Size Sq Ft: 7320
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: KCR
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 2690

Multi Family

  • Gross Scheduled Income: 30480
  • Net Operating Income: 21901
  • Number Of Units Total: 3
  • Insurance Expense: 1000
  • Leasable Area: 2400
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3655

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2017
Closed on
Nov 27, 2017
Sold by
Wong Nora S and Wong Nora S F
Bought by
Holmes Timothy James
Seller's Agent
Karen Abbey
Engel & Voelkers Seattle DT
Buyer's Agent
Laura Kremer Carl
Windermere R.E. Shoreline
List Price
$430,000
Sold Price
$430,000
Current Estimated Value
$741,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,631
Avg. Annual Appreciation
7.34%
Original Mortgage
$422,211
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 2006
Sold by
Washburn Nathan
Bought by
Wong Wayne and Wong Nora S F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,500
Interest Rate
6.41%

Purchase Details

Closed on
Sep 5, 2003
Sold by
Ridzon Magdalena M
Bought by
Washburn Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.12%

Purchase Details

Closed on
Jun 18, 2002
Sold by
Mielke Richard N and Mielke Beverly A
Bought by
Ridzon Magdalena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.74%

Purchase Details

Closed on
Jul 23, 1991
Sold by
Mielke Scott Douglas
Bought by
Mielke Richard N and Mielke Beverly A
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
Holmes Timothy James $430,000 Rainier Title Llc
Wong Wayne $345,000 Stewart Title
Washburn Nathan $290,000 Stewart Title
Ridzon Magdalena M $225,000 Stewart Title
Mielke Richard N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holmes Timothy James $407,000
Closed Holmes Timothy James $422,211
Previous Owner Wong Nora S $202,000
Previous Owner Wong Wayne $215,500
Previous Owner Washburn Nathan $232,000
Previous Owner Ridzon Magdalena M $180,000
Closed Ridzon Magdalena M $22,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2017 12/04/17 Sold $430,000 0.0% $179 / Sq Ft
10/28/2017 10/28/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $430,000 0.0% $179 / Sq Ft
08/28/2017 08/28/17 Pending -- -- --
08/15/2017 08/15/17 For Sale $430,000 -- $179 / 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 $7,296 $621,000 $152,000 $469,000
2023 $6,876 $557,000 $137,000 $420,000
2022 $6,239 $605,000 $132,000 $473,000
2021 $5,780 $484,000 $108,000 $376,000
2020 $5,515 $424,000 $94,000 $330,000
2018 $4,951 $370,000 $77,000 $293,000
2017 $4,067 $334,000 $74,000 $260,000
2016 $3,655 $275,000 $68,000 $207,000
2015 $3,446 $251,000 $63,000 $188,000
2014 -- $234,000 $60,000 $174,000
2013 -- $182,000 $55,000 $127,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1179048

Northwest Multiple Listing Service (NWMLS)

APN: 272420-1550