NOT LISTED FOR SALE

307 3rd Ave N Unit A&B Algona, WA 98001

Estimated Value: $609,000 - $711,000

4 Beds
2 Baths
2,076 Sq Ft
$310/Sq Ft Est. Value

Last Sold July 28, 2020

Last sale price $500,000 $241 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,101/month

2 Days on Market

Highlights

  • Thermal Windows
  • Mini Split Air Conditioners
  • Wall to Wall Carpet
  • Property is in very good condition

About This Home

As of July 2020

New town home style duplex in a great location. Easy access to hwy 167. Great investment or live in one side and have
income from the other side with out having a room mate. Each unit offers 2 bedrooms, 1.5 bathrooms all appliances stay.
All utilities are billed to the tenants.

Last Agent to Sell the Property

Lori McDonald

John L. Scott, Inc. License #45729 Listed on: 06/11/2020

John L. Scott, Inc.

Last Buyer's Agent

Xin Xu

Whisper Real Estate License #133808

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1614776

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 2015

Lot Details

  • 8,002 Sq Ft Lot
  • Street terminates at a dead end
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,076 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Mini Split Air Conditioners

Community Details

  • Algona Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3356405370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,400

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2015
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2076
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 290

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Algona
  • WaterCompany: City of Algona
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Auburn
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3356405370
  • Lot Size Acres: 0.1837
  • Lot Size Sq Ft: 8002
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: KCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3000

Multi Family

  • Gross Scheduled Income: 36000
  • Net Operating Income: 31000
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 2076
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 4400

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2020
Closed on
Jul 26, 2020
Sold by
Lloyd Spencer
Bought by
Chan Tat Wah and Ngai Mei Ting
Seller's Agent
Lori McDonald
John L. Scott, Inc.
Buyer's Agent
Xin Xu
Whisper Real Estate
List Price
$479,999
Sold Price
$500,000
Premium/Discount to List
$20,001
4.17%
Current Estimated Value
$642,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,884
Avg. Annual Appreciation
4.63%
Original Mortgage
$425,000
Outstanding Balance
$384,943
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$238,859

Purchase Details

Closed on
Jan 14, 2011
Sold by
Reynon James L and Reynon Cheryl L
Bought by
Lloyd Spencer

Purchase Details

Closed on
Oct 11, 2006
Sold by
Smythe Robert M
Bought by
Reynon James L and Reynon Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage
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
Chan Tat Wah $500,000 Wfg Natl Ttl Co Of Wa Llc
Lloyd Spencer $55,000 First American
Reynon James L $80,000 Pacific Nw Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Tat Wah $425,000
Previous Owner Lloyd Spencer $233,820
Previous Owner Lloyd Spencer $230,637
Previous Owner Reynon James L $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2020 07/28/20 Sold $500,000 +4.2% $241 / Sq Ft
06/13/2020 06/13/20 Pending -- -- --
06/11/2020 06/11/20 For Sale $479,999 -- $231 / 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 $6,240 $543,000 $135,000 $408,000
2023 $6,032 $513,000 $108,000 $405,000
2022 $5,431 $548,000 $103,000 $445,000
2021 $5,352 $425,000 $88,000 $337,000
2020 $5,097 $397,000 $82,000 $315,000
2018 $4,734 $367,000 $70,000 $297,000
2017 $4,468 $312,000 $59,000 $253,000
2016 $3,808 $295,000 $59,000 $236,000
2015 $776 $260,000 $59,000 $201,000
2014 -- $55,000 $55,000 $0
2013 -- $65,000 $65,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1614776

Northwest Multiple Listing Service (NWMLS)

APN: 335640-5370