Listed by Cook Real Estate, Bought with HomeSmart One Realty
NOT LISTED FOR SALE
12 Beds
6 Baths
4,896 Sq Ft
9,800 Sq Ft Lot

Sale Details

Date Sold: October 8, 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
  • 2-minute walk to William Henry Taylor Railroad Park

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)
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

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

Parking

  • Open Parking

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

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

9,800 Sq Ft Lot

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
  • Structure Type: Multi Family
  • 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
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2015
Closed on
Oct 7, 2015
Sold by
Bought by
Seller's Agent
David Cook
Cook Real Estate
Buyer's Agent
Gordy Lindstrom
HomeSmart One Realty
List Price
$754,900
Sold Price
$724,700
Premium/Discount to List
-$30,200
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Outstanding Balance
$392,438
Interest Rate
3.78%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 24, 2015
Closed on
Oct 5, 2015
Sold by
Bought by
Seller's Agent
David Cook
Cook Real Estate
Buyer's Agent
Gordy Lindstrom
HomeSmart One Realty
List Price
$754,900
Sold Price
$724,700
Premium/Discount to List
-$30,200
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Outstanding Balance
$392,438
Interest Rate
3.78%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 24, 2015
Closed on
Sep 15, 2015
Sold by
Bought by
Seller's Agent
David Cook
Cook Real Estate
Buyer's Agent
Gordy Lindstrom
HomeSmart One Realty
List Price
$754,900
Sold Price
$724,700
Premium/Discount to List
-$30,200
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Outstanding Balance
$392,438
Interest Rate
3.78%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 4, 2013
Closed on
Nov 5, 2013
Sold by
Bought by
Seller's Agent
David Cook
Cook Real Estate
Buyer's Agent
David Cook
Cook Real Estate
List Price
$549,900
Sold Price
$490,000
Premium/Discount to List
-$59,900
-10.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.87%

Purchase Details

Closed on
Apr 16, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 25, 1995
Sold by
Bought by

Purchase Details

Closed on
Oct 18, 1990
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Bend, WA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Stewart Title
-- Stewart Title
-- Stewart Title
$724,700 Stewart Title
-- Stewart Title
$490,000 Stewart Title
-- None Available
$95,000 First American Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $515,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,134 $1,452,000 $490,000 $962,000
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

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 809721

Northwest Multiple Listing Service (NWMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.