Listed by KW Greater Seattle, Bought with Windermere Mercer Island
NOT LISTED FOR SALE

318 3rd St Sultan, WA 98294

Estimated Value: $505,000 - $573,000

4 Beds
2 Baths
2,004 Sq Ft
$268/Sq Ft Est. Value

Last Sold August 15, 2016

Last sale price $263,950 $132 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $3,201/month

235 Days on Market

Highlights

  • Corner Lot
  • Thermal Windows
  • Ceramic Tile Flooring

About This Home

As of August 2016

Excellent investment opportunity with 6% cap rate!Long term tenants in unit 318 and other unit is vacant after having tenants for many years. 2 bedroom/1 bath units. Carports are partially enclosed & can park 4 cars tandem on each side. Spacious master bedroom with walk-in closets. The kitchens are very large with eating space and pantries. Plenty of closets including a stackable Washer & dryer. Spacious living rm with lots of light. Large corner lot. Home warranty for Buyer.

Last Agent to Sell the Property

Meredith Hansen

KW Greater Seattle License #6954 Listed on: 11/05/2015

KW Greater Seattle

Last Buyer's Agent

Codi Nelson

Windermere Mercer Island License #23562

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 865724

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,149

Year Built

  • Built in 2003

Lot Details

  • 8,276 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Parking

  • 8 Parking Spaces

Home Design

  • Duplex
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,004 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Schools

  • Sultan Elementary School
  • Sultan Mid Middle School
  • Sultan Snr High School

Utilities

  • Cable TV Available

Community Details

  • Sultan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00588801200100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,149

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2003
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2004
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Sultan
  • High School: Sultan Snr High
  • Middle Or Junior School: Sultan Mid

Lot Info

  • Parcel Number: 00588801200100
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 1700

Multi Family

  • Gross Scheduled Income: 20400
  • Net Operating Income: 16119
  • Number Of Units Total: 2
  • Insurance Expense: 775
  • Leasable Area: 2004
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3149

MLS Schools

  • Elementary School: Sultan Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2015
Closed on
Aug 12, 2016
Sold by
Terry Barbara Jean
Bought by
Wolfe Gabrielle
Seller's Agent
Meredith Hansen
KW Greater Seattle
Buyer's Agent
Codi Nelson
Windermere Mercer Island
List Price
$259,950
Sold Price
$263,950
Premium/Discount to List
$4,000
1.54%
Current Estimated Value
$537,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,951
Avg. Annual Appreciation
8.89%
Original Mortgage
$259,168
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 28, 2004
Sold by
Orr Barbara S
Bought by
Terry Barbara Jean and 1990 Barbara S Orr Revocable Trust

Purchase Details

Closed on
Sep 27, 2004
Sold by
Smoots Marcus
Bought by
Orr Barbara S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,950
Interest Rate
5.76%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 9, 2003
Sold by
Moore John and Maez Marcy
Bought by
Wells Fargo Home Mortgage Inc

Purchase Details

Closed on
Feb 7, 2003
Sold by
Green Joseph L
Bought by
Wright William

Purchase Details

Closed on
Jul 21, 1999
Sold by
Green Joseph L
Bought by
Wright William
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wolfe Gabrielle $263,950 First American Title Ins Co
Terry Barbara Jean $11,235 First American Title Ins Co
Orr Barbara S $239,950 Pnwt
Wells Fargo Home Mortgage Inc $131,235 First American Title
Wright William -- --
Wright William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolfe Gabrielle $259,168
Previous Owner Orr Barbara S $115,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2016 08/15/16 Sold $263,950 +1.5% $132 / Sq Ft
06/28/2016 06/28/16 Pending -- -- --
11/05/2015 11/05/15 For Sale $259,950 -- $130 / 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 $4,183 $484,900 $220,000 $264,900
2024 $4,183 $472,200 $200,000 $272,200
2023 $4,221 $539,200 $209,000 $330,200
2022 $3,930 $431,100 $156,000 $275,100
2020 $3,674 $366,500 $131,000 $235,500
2019 $3,099 $321,400 $111,000 $210,400
2018 $3,580 $300,500 $94,000 $206,500
2017 $3,885 $323,000 $84,000 $239,000
2016 $3,597 $292,600 $63,000 $229,600
2015 $3,149 $239,900 $48,000 $191,900
2013 $3,014 $223,400 $44,000 $179,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 865724

Northwest Multiple Listing Service (NWMLS)

APN: 005888-012-001-00