NOT LISTED FOR SALE

Estimated Value: $547,000 - $737,000

5 Beds
3 Baths
2,630 Sq Ft
$254/Sq Ft Est. Value

Last Sold February 01, 2017

Last sale price $380,000 $144 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $4,262/month

138 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Corner Lot

About This Home

As of February 2017

Back on market following roof & gutter installation! Profitable investment opportunity, centrally located in Federal Way. Minutes from shopping, dining, schools, & freeway access, this desirable tri-plex is consistently occupied. Units feature open layouts, large rooms, hardwoods, fireplaces, & individual laundry. New windows 2 years ago. Units 1 & 2 have garages, & unit 3 a carport. Brick & vinyl exterior for easy maintenance. Room for growth as unit 3 is currently below market rental rates.

Last Agent to Sell the Property

Tim Akins

RE/MAX Realty South License #107231 Listed on: 08/13/2016

RE/MAX Realty South

Last Buyer's Agent

Joseph Ho

Berkshire Hathaway HS NW License #3961

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1013686

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,189

Year Built

  • Built in 1963

Lot Details

  • 7,800 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,630 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 13 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Federal Way Snr High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2501600170

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,189

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1963
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2630
  • Special Features: None
  • Cumulative Days on Market: 385

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 13
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, Wood
  • PowerCompany: PSE
  • SewerCompany: Lakehaven
  • WaterCompany: Lakehaven
  • WaterSewerGarbage: 4000

Schools

  • Junior High Dist: Federal Way
  • High School: Federal Way Snr High

Lot Info

  • Parcel Number: 2501600170
  • Lot Size Acres: 0.1791
  • Lot Size Sq Ft: 7800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2595

Multi Family

  • Gross Scheduled Income: 31140
  • Net Operating Income: 20445
  • Number Of Units Total: 3
  • Insurance Expense: 949
  • Leasable Area: 2630
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4189

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2020
Sold by
Tran Vu T and Tran Thuy T
Bought by
Vu T Tran And Thuy T Trinh Trust and Tran
Total Days on Market
138
Current Estimated Value
$669,274

Purchase Details

Listed on
Aug 13, 2016
Closed on
Jan 27, 2017
Sold by
Carlton Lynn
Bought by
Trinh Thuy T and Tran Vu T
Seller's Agent
Tim Akins
RE/MAX Realty South
Buyer's Agent
Joseph Ho
Berkshire Hathaway HS NW
List Price
$385,000
Sold Price
$380,000
Premium/Discount to List
-$5,000
-1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.16%
Original Mortgage
$285,000
Interest Rate
4.3%

Purchase Details

Closed on
Jun 23, 2004
Sold by
Borile Mylene T and Halvorson Patrick
Bought by
Carlton Lynn

Purchase Details

Closed on
May 28, 1999
Sold by
Spivey Paton P and Spivey Rita G B
Bought by
Halvorson Patrick and Borile Mylene T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,737
Interest Rate
6.84%
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
Vu T Tran And Thuy T Trinh Trust $313 None Listed On Document
Trinh Thuy T $380,000 Ticor National
Carlton Lynn $229,100 --
Halvorson Patrick $187,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trinh Thuy T $285,000
Previous Owner Carlton Lynn $210,000
Previous Owner Halvorson Patrick $185,737
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2017 02/01/17 Sold $380,000 -1.3% $144 / Sq Ft
12/30/2016 12/30/16 Pending -- -- --
12/27/2016 12/27/16 For Sale $385,000 0.0% $146 / Sq Ft
12/20/2016 12/20/16 Pending -- -- --
12/07/2016 12/07/16 For Sale $385,000 0.0% $146 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
11/28/2016 11/28/16 Price Changed $385,000 0.0% $146 / Sq Ft
11/28/2016 11/28/16 For Sale $385,000 +1.3% $146 / Sq Ft
11/14/2016 11/14/16 Off Market $380,000 -- --
08/13/2016 08/13/16 For Sale $395,000 -- $150 / 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 $6,238 $618,000 $159,000 $459,000
2023 $6,130 $560,000 $144,000 $416,000
2022 $5,460 $608,000 $131,000 $477,000
2021 $5,410 $482,000 $105,000 $377,000
2020 $4,998 $449,000 $85,000 $364,000
2018 $5,066 $401,000 $68,000 $333,000
2017 $4,309 $356,000 $62,000 $294,000
2016 $4,189 $302,000 $57,000 $245,000
2015 $3,889 $281,000 $55,000 $226,000
2014 -- $267,000 $55,000 $212,000
2013 -- $199,000 $57,000 $142,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1013686

Northwest Multiple Listing Service (NWMLS)

APN: 250160-0170