Listed by Cook Real Estate, Bought with HomeSmart One Realty
NOT LISTED FOR SALE

319 E Park St North Bend, WA 98045

12 Beds
6 Baths
4,896 Sq Ft
9,800 Sq Ft Lot

Last Sold October 08, 2015

Last sale price $724,700 $148 Per Sq Ft

21 Days on Market

Highlights

  • Mountain View
  • Deck
  • Patio
  • North Bend Elementary School Rated A-
  • Thermal Windows
  • 4-minute walk to Si View Metro Parks

About This Home

As of October 2015

This newly-painted and well-maintained five unit apartment building with a non-conforming 6th unit downtown offers an excellent investment opportunity in the current landlord's market. Each unit has 2 bed/1 bath with units renting under market. Rental rates for 3 units will increase 01/2016! The coin operated laundry facilities generate additional income. As North Bend grows and demand continues to increase for rentals due to the housing market, it's a great time to own an apartment building!

Last Agent to Sell the Property

David Cook

Cook Real Estate License #10858 Listed on: 06/24/2015

Last Buyer's Agent

Gordy Lindstrom

HomeSmart One Realty License #27278

HomeSmart One Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 809721

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,004

Year Built

  • Built in 1986

Lot Details

  • 9,800 Sq Ft Lot
  • Lot Dimensions are 70' x 139'
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • Mountain
  • Territorial

Home Design

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

Interior Spaces

  • 4,896 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • North Bend Elementary School
  • Twin Falls Mid Middle School
  • Mount Si High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Johnsons Frank Addition To North Bend Condos
  • North Bend Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 3
  • Assessor Parcel Number 3734900080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,004

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1986
  • Buyer Agency Compensation: 2.50%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Johnsons Frank Addition to North Bend
  • New Construction: No
  • CalculatedSquareFootage: 4896
  • Special Features: None

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Office, Residential, Retail
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of North Bend
  • WaterCompany: City of North Bend

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Snoqualmie Valley
  • High School: Mount Si High
  • Middle Or Junior School: Twin Falls Mid

Lot Info

  • Parcel Number: 3734900080
  • Lot Size Acres: 0.225
  • Lot Size: 70' x 139'
  • Lot Size Sq Ft: 9800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: King County
  • ZoningJurisdiction: City
  • ZoningClass: Business,Commercial,Multi-Family,Office,Residential,Retail
  • LotNumber: 7

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 6296

Tax Info

  • Year: 2015
  • Tax Annual Amount: 7004

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 2400
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: North Bend Elem
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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 List to Sale Price per Sq Ft Prior Sale
10/08/2015 10/08/15 Sold $724,700 -4.0% $148 / Sq Ft
07/16/2015 07/16/15 Pending -- -- --
06/24/2015 06/24/15 For Sale $754,900 +54.1% $154 / Sq Ft
11/13/2013 11/13/13 Sold $490,000 -10.9% $100 / Sq Ft View Prior Sale
09/25/2013 09/25/13 Pending -- -- --
09/04/2013 09/04/13 For Sale $549,900 -- $112 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $13,076 $1,412,000 $539,000 $873,000
2023 $12,171 $1,394,000 $441,000 $953,000
2022 $13,083 $1,416,000 $294,000 $1,122,000
2021 $14,447 $1,210,000 $176,400 $1,033,600
2020 $12,105 $1,212,000 $176,400 $1,035,600
2018 $8,946 $880,000 $147,000 $733,000
2017 $8,565 $725,000 $147,000 $578,000
2016 $6,464 $716,000 $147,000 $569,000
2015 -- $516,100 $196,000 $320,100
2014 -- $605,000 $196,000 $409,000
2013 -- $534,000 $196,000 $338,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 809721

Northwest Multiple Listing Service (NWMLS)