NOT LISTED FOR SALE

320 NE 8th St North Bend, WA 98045

Estimated Value: $817,970 - $950,000

3 Beds
2 Baths
1,500 Sq Ft
$582/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $799,000 $533 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,156/month

6 Days on Market

Highlights

  • Mountain View
  • Corner Lot
  • Thermal Windows
  • North Bend Elementary School Rated A
  • No HOA
  • Vinyl Plank Flooring

About This Home

As of January 2023

Rare investment opportunity! With a prime location in a highly walkable neighborhood of North Bend, fully renovated, and show-stopping views of Mt Si, this duplex offers the potential for excellent cash flow! Unit A has 2 beds /1.75 baths and boasts a large walk-in closet with built-in shelving. Unit B features 1 bed/1 bath. They are fully self-contained with separate driveways. Both have private decks to enjoy the great outdoors. With a new 30-year roof, updated electrical, and all NEW interior, the turnover cost will be low for years to come. You can rent both units or “house hack” as you grow your portfolio. If you’re looking for a turn-key property that offers cash flow and a prime location, schedule your tour today.

Last Agent to Sell the Property

NOHEMI RAMIREZ

Better Properties Hometown License #137570 Listed on: 01/06/2023

Last Buyer's Agent

NOHEMI RAMIREZ

Better Properties Hometown License #137570 Listed on: 01/06/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2025884

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,500

Year Built

  • Built in 1943

Lot Details

  • 0.27 Acre Lot
  • Corner Lot
  • Property is in very good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Duplex
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • Mount Si High School

Utilities

  • Septic Tank

Community Details

  • No Home Owners Association
  • Snoqualmie Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0323089165

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,500

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1943
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1500
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

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

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: City of North Bend
  • CableConnected: Comcast
  • WaterSewerGarbage: 2300

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 1500

Schools

  • Junior High Dist: Snoqualmie Valley
  • High School: Mount Si High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0323089165
  • Lot Size Acres: 0.2698
  • Lot Size Sq Ft: 11753
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.87
  • LeasedItems: None
  • TotalMonthlyIncome: 4800

Multi Family

  • Gross Scheduled Income: 57600
  • Net Operating Income: 45100
  • Number Of Units Total: 2
  • Electric Expense: 1500
  • Insurance Expense: 1700
  • Leasable Area: 1500
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5500

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2023
Closed on
Jan 30, 2023
Sold by
Smith Jason Lee
Bought by
Weaver Sara and Simpson Jory
Seller's Agent
NOHEMI RAMIREZ
Better Properties Hometown
Buyer's Agent
NOHEMI RAMIREZ
Better Properties Hometown
List Price
$799,000
Sold Price
$799,000
Views
60
Current Estimated Value
$872,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,743
Avg. Annual Appreciation
3.31%
Original Mortgage
$772,333
Outstanding Balance
$748,013
Interest Rate
6.31%
Mortgage Type
FHA
Estimated Equity
$124,731

Purchase Details

Closed on
Aug 19, 2021
Sold by
Dephelps Naoma Elnora and Elnora Keller Trust
Bought by
Smith Jason Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2008
Sold by
Keller Elnora
Bought by
Keller Elnora

Purchase Details

Closed on
Aug 20, 1984
Sold by
Buxton Gaius S
Bought by
Keller James A and Keller Elnora
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Weaver Sara $799,000 Land Title
Smith Jason Lee $300,000 Ticor Title
Keller Elnora -- None Available
Keller James A $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weaver Sara $772,333
Previous Owner Smith Jason Lee $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2023 01/31/23 Sold $799,000 0.0% $533 / Sq Ft
01/12/2023 01/12/23 Pending -- -- --
01/06/2023 01/06/23 For Sale $799,000 -- $533 / 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 $6,344 $684,000 $312,000 $372,000
2023 $5,820 $609,000 $284,000 $325,000
2022 $5,330 $676,000 $326,000 $350,000
2021 $4,946 $492,000 $248,000 $244,000
2020 $3,516 $414,000 $209,000 $205,000
2018 $3,278 $273,000 $170,000 $103,000
2017 $2,688 $265,000 $163,000 $102,000
2016 $2,538 $224,000 $143,000 $81,000
2015 $2,289 $202,000 $127,000 $75,000
2014 -- $197,000 $124,000 $73,000
2013 -- $172,000 $98,000 $74,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2025884

Northwest Multiple Listing Service (NWMLS)

APN: 032308-9165