Listed by eXp Realty, Bought with Kelly Right RE of Seattle LLC
NOT LISTED FOR SALE

303 T St SE Unit 1-4 Auburn, WA 98002

Plateau Neighborhood

Estimated Value: $836,000 - $955,000

8 Beds
4 Baths
3,136 Sq Ft
$285/Sq Ft Est. Value

Last Sold January 15, 2016

Last sale price $405,000 $129 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $5,530/month

148 Days on Market

Highlights

  • Wood Flooring
  • Partially Fenced Property
  • 5-minute walk to Fenster Nature Park
  • Cul-De-Sac
  • Wood Siding

About This Home

As of January 2016

Four Units with 7.7% Cap Rate! Great cash flowing opportunity! A solid, turn-key investment property generates $3,194 monthly income.
Easy to rent units in a mostly single family neighborhood in excellent condition! Please do not disturb tenants and direct questions to listing broker only.

Last Agent to Sell the Property

Scott Bautista

eXp Realty License #27821 Listed on: 07/13/2015

eXp Realty

Last Buyer's Agent

John McDonald

Kelly Right RE of Seattle LLC License #17344

Kelly Right RE of Seattle LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 818407

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,558

Year Built

  • Built in 1969

Lot Details

  • 7,514 Sq Ft Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Utilities

  • Natural Gas Connected

Community Details

  • Auburn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1721059133

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,558

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1969
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3136
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Forced Air, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • 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
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Auburn
  • WaterCompany: City of Auburn
  • WaterSewerGarbage: 3900

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 1721059133
  • Lot Size Acres: 0.1725
  • Lot Size Sq Ft: 7514
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3194

Multi Family

  • Gross Scheduled Income: 38328
  • Net Operating Income: 32916
  • Number Of Units Total: 6
  • Insurance Expense: 1512
  • Leasable Area: 3136
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2015
Closed on
Jan 11, 2016
Sold by
Truong Spencer E and Truong Nancy M
Bought by
Ohm Joel and Ohm Laurine Dyson
Seller's Agent
Scott Bautista
eXp Realty
Buyer's Agent
John McDonald
Kelly Right RE of Seattle LLC
List Price
$425,000
Sold Price
$405,000
Premium/Discount to List
-$20,000
-4.71%
Current Estimated Value
$892,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$487,753
Avg. Annual Appreciation
8.45%
Original Mortgage
$300,000
Outstanding Balance
$238,127
Interest Rate
3.9%
Estimated Equity
$654,626

Purchase Details

Closed on
Jul 21, 2009
Sold by
Estate Of Michaelp Loney
Bought by
Truong Spencer E and Truong Nancy M

Purchase Details

Closed on
Jun 19, 2007
Sold by
Thurman Russell E and Thurman Patricia A
Bought by
Truong Spencer E and Truong Nancy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.87%

Purchase Details

Closed on
Jun 18, 2007
Sold by
Friedley Nicole G
Bought by
Loney Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.87%

Purchase Details

Closed on
Mar 28, 2005
Sold by
Stone Joseph A and Stone Joan L
Bought by
Thurman Russell E and Thurman Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,300
Interest Rate
5.75%
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
Ohm Joel $405,000 First American
Truong Spencer E -- None Available
Truong Spencer E $400,000 Commonwealth L
Loney Michael P -- Commonwealth L
Thurman Russell E $379,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ohm Joel $300,000
Previous Owner Truong Spencer E $320,000
Previous Owner Thurman Russell E $265,300
Closed Thurman Russell E $37,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2016 01/15/16 Sold $405,000 -4.7% $129 / Sq Ft
12/09/2015 12/09/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $425,000 -- $136 / 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 $9,558 $809,000 $120,200 $688,800
2023 $9,002 $788,000 $105,100 $682,900
2022 $8,516 $790,000 $100,000 $690,000
2021 $8,021 $643,000 $100,000 $543,000
2020 $7,440 $572,000 $90,000 $482,000
2018 $6,212 $450,000 $75,000 $375,000
2017 $5,779 $396,000 $75,000 $321,000
2016 $5,433 $369,000 $75,000 $294,000
2015 -- $370,000 $75,000 $295,000
2014 -- $297,000 $75,000 $222,000
2013 -- $289,000 $75,000 $214,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 818407

Northwest Multiple Listing Service (NWMLS)

APN: 172105-9133