NOT LISTED FOR SALE

Estimated Value: $542,000 - $737,000

5 Beds
3 Baths
2,490 Sq Ft
$249/Sq Ft Est. Value

Last Sold March 25, 2016

Last sale price $277,000 $111 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $3,853/month

184 Days on Market

Highlights

  • RV Access or Parking
  • Wood Siding
  • Wall to Wall Carpet
  • Partially Fenced Property

About This Home

As of March 2016

Investment Opportunity! Property use is currently as a Triplex but is zoned commercial. Easy to rent out units while this area develops. Currently has two long term tenants. Located on approx. 1/3 acre there is a lot of space to expand and develop.

Last Agent to Sell the Property

Tad Navle

Best Choice Realty LLC License #81215 Listed on: 09/15/2015

Best Choice Realty LLC

Last Buyer's Agent

Tad Navle

Best Choice Realty LLC License #81215 Listed on: 09/15/2015

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 848210

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,364

Year Built

  • Built in 1957

Lot Details

  • 0.34 Acre Lot
  • Partially Fenced Property

Home Design

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

Interior Spaces

  • 2,490 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking
  • RV Access or Parking

Additional Features

  • Outbuilding
  • Cable TV Available

Community Details

  • Federal Way Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7853600176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,364

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1957
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2490
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 545

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 2400

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 7853600176
  • Lot Size Acres: 0.3398
  • Lot Size Sq Ft: 14800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Outbuildings,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 2900

Multi Family

  • Gross Scheduled Income: 22800
  • Net Operating Income: 16136
  • Number Of Units Total: 3
  • Insurance Expense: 900
  • Leasable Area: 2490
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3364

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2021
Sold by
Nugyen Thi T and Bui Annie
Bought by
Benken Property Management Llc
Current Estimated Value
$620,410

Purchase Details

Listed on
Sep 15, 2015
Closed on
Mar 24, 2016
Sold by
Diesling Charles F and Juranich Robert J
Bought by
Nguyen Thi T and Bui Annie
Seller's Agent
Tad Navle
Best Choice Realty LLC
Buyer's Agent
Tad Navle
Best Choice Realty LLC
List Price
$350,000
Sold Price
$277,000
Premium/Discount to List
-$73,000
-20.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.56%

Purchase Details

Closed on
Nov 7, 1988
Sold by
Diesing Charles and Diesing Juranich R
Bought by
Diesing Diesing C and Diesing Juranich R
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
Benken Property Management Llc -- None Available
Nguyen Thi T $277,000 Wfg National
Diesing Diesing C -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2016 03/25/16 Sold $277,000 -20.9% $111 / Sq Ft
03/18/2016 03/18/16 Pending -- -- --
09/15/2015 09/15/15 For Sale $350,000 -- $141 / 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 $5,753 $575,000 $176,000 $399,000
2023 $5,738 $523,000 $160,000 $363,000
2022 $5,230 $601,000 $171,000 $430,000
2021 $4,778 $461,000 $156,000 $305,000
2020 $4,532 $395,000 $135,000 $260,000
2018 $4,607 $359,000 $109,000 $250,000
2017 $4,253 $323,000 $109,000 $214,000
2016 $3,898 $298,000 $104,000 $194,000
2015 $3,364 $261,000 $86,000 $175,000
2014 -- $230,000 $80,000 $150,000
2013 -- $194,000 $80,000 $114,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 848210

Northwest Multiple Listing Service (NWMLS)

APN: 785360-0176