NOT LISTED FOR SALE

Estimated Value: $515,000 - $622,000

4 Beds
4 Baths
1,850 Sq Ft
$320/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $600,000 $324 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,795/month

52 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Cul-De-Sac
  • Territorial View
  • Thermal Windows
  • Open Space

About This Home

As of July 2022

Great Investment Opportunity!! High demand rental area close to all amenities will benefit max rent range. 2 Bed/ 1.5 Bathrooms, Updated bathroom, and flooring in both units. W/D in both units.Units have 1 car garage that could be converted for additional sqft and rent. Cul de sac street with plenty of off-road parking. RVs too. Separate fenced backyards. Close-In to shopping, schools, & light rail once completed.

Last Agent to Sell the Property

Charlene Little

eXp Realty License #107639 Listed on: 05/10/2022

eXp Realty

Last Buyer's Agent

Holly Schramm

Berkshire Hathaway HS NW License #73185

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1931659

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,392

Year Built

  • Built in 1976

Lot Details

  • 0.26 Acre Lot
  • Open Space
  • Cul-De-Sac
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,850 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Laminate
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Community Details

  • No Home Owners Association
  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0521049184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,392

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1850
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 301

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Forced Air, Ceramic Tile, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: See Remarks
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Wood
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 0521049184
  • Lot Size Acres: 0.2594
  • Lot Size Sq Ft: 11300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

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

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.75
  • LeasedItems: None
  • TotalMonthlyIncome: 3300

Multi Family

  • Gross Scheduled Income: 39600
  • Net Operating Income: 29784
  • Number Of Units Total: 2
  • Insurance Expense: 623.96
  • Leasable Area: 1890
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4392

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jul 25, 2022
Sold by
Jonathon Witt
Bought by
Asherz Milton A and Asherz Renita
Seller's Agent
Charlene Little
eXp Realty
Buyer's Agent
Holly Schramm
Berkshire Hathaway HS NW
List Price
$605,000
Sold Price
$600,000
Premium/Discount to List
-$5,000
-0.83%
Total Days on Market
52
Current Estimated Value
$592,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,729
Avg. Annual Appreciation
0.45%
Original Mortgage
$450,000
Outstanding Balance
$433,879
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$173,867

Purchase Details

Closed on
May 1, 2018
Sold by
Witt Jonathan
Bought by
Witt Deshawn and Witt Jonathan

Purchase Details

Listed on
Dec 15, 2016
Closed on
Feb 24, 2017
Sold by
Clark Thomas and Thompson Ilona
Bought by
Witt Jonathon
Buyer's Agent
Charlene Little
eXp Realty
List Price
$335,000
Sold Price
$331,000
Premium/Discount to List
-$4,000
-1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%
Original Mortgage
$308,963
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 1, 2006
Sold by
Thompson Ilona S
Bought by
Clark Thomas H and Thompson Ilona S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.29%

Purchase Details

Closed on
Feb 3, 2005
Sold by
Kartchner Steve P
Bought by
Thompson Ilona S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,920
Interest Rate
6.5%

Purchase Details

Closed on
Mar 10, 1998
Sold by
Takata Akira and Takata Mieko
Bought by
Kartchner Steve P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,720
Interest Rate
7.11%
Source: Public Records

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Range of Values:

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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
Asherz Milton A $600,000 Wfg National Title Company Of
Witt Deshawn -- None Available
Witt Jonathon $331,000 Stewart Title
Clark Thomas H -- Stewart Title
Thompson Ilona S $222,400 First American
Kartchner Steve P $136,000 Chicago Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asherz Milton A $450,000
Previous Owner Witt Deshawn $298,500
Previous Owner Witt Deshawn $40,000
Previous Owner Witt Jonathon $308,963
Previous Owner Clark Thomas H $240,000
Previous Owner Thompson Ilona S $177,920
Previous Owner Kartchner Steve P $138,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $600,000 -0.8% $324 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
06/14/2022 06/14/22 For Sale $605,000 0.0% $327 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $605,000 +82.8% $327 / Sq Ft
03/03/2017 03/03/17 Sold $331,000 +3.8% $179 / Sq Ft
01/24/2017 01/24/17 Pending -- -- --
01/09/2017 01/09/17 Price Changed $319,000 -4.8% $172 / Sq Ft
12/28/2016 12/28/16 For Sale $335,000 0.0% $181 / Sq Ft
12/22/2016 12/22/16 Pending -- -- --
12/15/2016 12/15/16 For Sale $335,000 -- $181 / 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 $5,652 $564,000 $162,000 $402,000
2023 $5,467 $511,000 $146,000 $365,000
2022 $4,999 $555,000 $133,000 $422,000
2021 $4,392 $440,000 $106,000 $334,000
2020 $4,054 $362,000 $93,000 $269,000
2018 $4,119 $324,000 $75,000 $249,000
2017 $3,515 $288,000 $69,000 $219,000
2016 $3,418 $245,000 $63,000 $182,000
2015 $3,179 $228,000 $60,000 $168,000
2014 -- $217,000 $60,000 $157,000
2013 -- $173,000 $66,000 $107,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1931659

Northwest Multiple Listing Service (NWMLS)

APN: 052104-9184