NOT LISTED FOR SALE

311 Date Ave Sultan, WA 98294

Estimated Value: $936,000 - $1,186,000

8 Beds
4 Baths
4,080 Sq Ft
$263/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $875,000 $214 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,365/month

18 Days on Market

Highlights

  • 0.42 Acre Lot
  • Deck
  • Wood Siding
  • Mountain View
  • Property is Fully Fenced
  • Wall to Wall Carpet

About This Home

As of July 2021

Sultan Multi-Family 4-Plex. Opportunity to add to your investment portfolio, or owner occupy one unit and rent out the others. Each unit has 2 bedrooms, 1 full bathroom and 2 huge garages and a backyard. Owner has added additional income through renting out garage units separately. All income/expense information is based on rental from 3 units with owner living in 4th. Tenant turnover and vacancy has been extremely low for years. This project has recently been converted into 4 Condos and they are being offered simultaneously. Seller has option to convert back into Multi-Family status. 40 min. commute to Redmond/Bellevue, 10 min outside Monroe.

Last Buyer's Agent

Brian Richmon

COMPASS License #132441

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1774904

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,812

Year Built

  • Built in 1990

Lot Details

  • 0.42 Acre Lot
  • Property is Fully Fenced
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

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

Interior Spaces

  • 4,080 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 12 Parking Spaces
  • 8 Covered Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Sultan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28083200308800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,812

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1990
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4080
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 8
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Sno PUD
  • SewerCompany: Sultan
  • WaterCompany: Sultan
  • WaterSewerGarbage: 6413

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Multi-Family

Schools

  • Junior High Dist: Sultan

Lot Info

  • Parcel Number: 28083200308800
  • Lot Size Acres: 0.42
  • Lot Size Sq Ft: 18295
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully
  • MLSLotSizeSource: Tax Record
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 4075

Multi Family

  • Gross Scheduled Income: 48900
  • Net Operating Income: 32586
  • Number Of Units Total: 4
  • Electric Expense: 144
  • Insurance Expense: 1873
  • Leasable Area: 4080
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3812
  • AdditionalTaxIds: 01205500000100,01205500000200,01205500000300,01205500000400

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $875,000 0.0% $214 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $875,000 -- $214 / 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
2025 $8,061 $926,000 $214,900 $711,100
2024 $8,061 $910,000 $204,900 $705,100
2023 $6,481 $828,000 $176,600 $651,400
2022 $6,192 $679,200 $148,000 $531,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1774904

Northwest Multiple Listing Service (NWMLS)

APN: 280832-003-206-00