Listed by Real Broker LLC, Bought with 360 Pacific
NOT LISTED FOR SALE

Estimated Value: $673,411 - $820,000

-- Bed
4 Baths
3,052 Sq Ft
$246/Sq Ft Est. Value

Last Sold March 20, 2015

Last sale price $320,000 $105 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $5,366/month

3 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Patio
  • Territorial View
  • Cul-De-Sac
  • Wood Siding

About This Home

As of March 2015

Fully occupied 4-plex located within Panther Lake Community. Solid, turn-key, hands-off investment: on site management handles all the details! Lower units are 2bed/1bath. Upper units are 1bed (loft)/1bath with vaulted ceilings. Each unit comes with its own washer & dryer, dishwasher, and fireplace; adding tenant appeal. Units updated, newer roof and exterior paint. 4 carport & 2 extra parking spaces. Long-term tenants with rents well below market; could be increased, creating upside potential.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 02/16/2015

Last Buyer's Agent

Ton Nguyen

360 Pacific License #74025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 742612

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,648

Year Built

  • Built in 1985

Lot Details

  • 9,675 Sq Ft Lot
  • Cul-De-Sac
  • Property is in good condition

HOA Fees

  • $718 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,052 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Panther Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1322020604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,648

Year Built

Built in 1985

Lot Details

0

HOA Fees

$718 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1985
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3052
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee: 8616
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 1322020604
  • Lot Size Acres: 0.2221
  • Lot Size Sq Ft: 9675
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Patio
  • MLSLotSizeSource: realist

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 2955

Multi Family

  • Gross Scheduled Income: 35460
  • Net Operating Income: 19559
  • Number Of Units Total: 4
  • Insurance Expense: 1500
  • Leasable Area: 3052
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 5648

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2015
Closed on
Mar 17, 2015
Sold by
Paks Circle Of Friends Investments Llc
Bought by
Thai Tuyet Quan and Thai Don Quyen
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Ton Nguyen
360 Pacific
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$749,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,804
Avg. Annual Appreciation
8.36%
Original Mortgage
$240,000
Outstanding Balance
$182,861
Interest Rate
3.54%
Estimated Equity
$566,943

Purchase Details

Closed on
Aug 25, 2006
Sold by
Querol Ramon S and Querol Fe C
Bought by
Paks Circle Of Friends Investments Llc

Purchase Details

Closed on
Jun 6, 2004
Sold by
Calugay Ruben S and Calugay Anita T
Bought by
Querol Ramon S and Querol Fe C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
5.5%

Purchase Details

Closed on
May 10, 1993
Sold by
Casumpang Polando C and Casumpang Rowena C
Bought by
Calugay Ruben and Querol Ramon S+
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
Thai Tuyet Quan $320,000 Old Republic T
Paks Circle Of Friends Investments Llc $420,000 Old Republic T
Querol Ramon S $93,333 Chicago Title
Querol Ramon S -- Chicago Title
Calugay Ruben S -- Chicago Title
Calugay Ruben -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thai Tuyet Quan $240,000
Previous Owner Querol Ramon S $206,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2015 03/20/15 Sold $320,000 0.0% $105 / Sq Ft
02/20/2015 02/20/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $320,000 -- $105 / 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 $8,215 $770,000 $200,000 $570,000
2023 $7,406 $755,000 $160,000 $595,000
2022 $7,309 $757,000 $140,000 $617,000
2021 $7,215 $649,000 $120,000 $529,000
2020 $6,574 $602,000 $120,000 $482,000
2018 $5,751 $468,000 $120,000 $348,000
2017 $5,216 $405,000 $100,000 $305,000
2016 $5,428 $367,000 $100,000 $267,000
2015 $4,657 $366,000 $68,000 $298,000
2014 -- $321,000 $68,000 $253,000
2013 -- $353,000 $75,000 $278,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 742612

Northwest Multiple Listing Service (NWMLS)

APN: 132202-0640