Listed by Real Estate 2000 Inc., Bought with Real Broker LLC
NOT LISTED FOR SALE

Estimated Value: $1,068,000 - $1,147,283

-- Bed
-- Bath
3,600 Sq Ft
$308/Sq Ft Est. Value

Last Sold March 05, 2024

Last sale price $1,100,000 $306 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,320/month

103 Days on Market

About This Home

As of March 2024

Opportunity To Own a Turn Key 4-Plex in Panther Lake Complex - Renovations 2023. 2 Bed, 1 Bath. 2 Updated Units (Sep 2023), 2 Units With Prior Updates. Each Unit Features a Kitchen, Living Room, Washer/Dryer, & Cozy Fireplace. New Roof (Sep 2023) & Exterior Paint. 3 Occupied Units, 1 Advertised for Rent. Ideal for Owner Occupancy with Low Rates. On-Site Management (5%). HOA Covers Water, Sewer, Garbage, and Common Area Maintenance. 4 Covered Parking & 2 Guest Spots. Nearby Community Play Area & Sports Court. Easy Access to Upcoming Light Rail. Close to Schools, Shopping, and Restaurants. This is a perfect investment for a first-time investor or a hands-off investor. Interior Showings with Signed PSA. List of Capital improvements Provided.

Last Agent to Sell the Property

Aimee Anthony

Real Estate 2000 Inc. License #91100 Listed on: 10/12/2023

Co-Listed By

Dave Hilbert

Real Estate 2000 Inc. License #11415

Last Buyer's Agent

Nicole Dankworth

Real Broker LLC License #136860

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2170933

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,751

Year Built

  • Built in 1979

Lot Details

  • 0.29 Acre Lot
  • Property is in good condition

HOA Fees

  • $677 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating

Community Details

  • Panther Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1322020620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,751

Year Built

Built in 1979

Lot Details

0

HOA Fees

$677 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3600
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Available
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Lake Haven Water
  • WaterCompany: Lake Haven Water
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 677
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • NWM_OtherDuesOrFeesYN: true

Schools

  • Junior High Dist: Federal Way

Lot Info

  • Parcel Number: 1322020620
  • Lot Size Acres: 0.2936
  • Lot Size Sq Ft: 12789
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.91
  • LeasedItems: None
  • TotalMonthlyIncome: 7185

Multi Family

  • Gross Scheduled Income: 86220
  • Net Operating Income: 62551
  • Number Of Units Total: 4
  • Insurance Expense: 1124
  • Leasable Area: 3600
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 8751

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Feb 27, 2024
Sold by
Mattson Bonni and Mattson Walter
Bought by
Vo Charlie
Seller's Agent
Aimee Anthony
Real Estate 2000 Inc.
Buyer's Agent
Nicole Dankworth
Real Broker LLC
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Views
36
Current Estimated Value
$1,107,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,642
Avg. Annual Appreciation
0.42%
Original Mortgage
$1,015,000
Outstanding Balance
$998,022
Interest Rate
6.6%
Mortgage Type
VA
Estimated Equity
$109,620

Purchase Details

Closed on
Apr 16, 2018
Sold by
Mattson Walter
Bought by
Mattson Walter and Mattson Bonni

Purchase Details

Closed on
Jun 3, 2016
Sold by
Wagner Vicki M
Bought by
Wagner Vicki M
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
Vo Charlie $1,100,000 Fidelity National Title
Mattson Walter -- None Available
Wagner Vicki M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vo Charlie $1,015,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2024 03/05/24 Sold $1,100,000 -8.3% $306 / Sq Ft
01/23/2024 01/23/24 Pending -- -- --
01/08/2024 01/08/24 For Sale $1,200,000 0.0% $333 / Sq Ft
12/26/2023 12/26/23 Pending -- -- --
10/12/2023 10/12/23 For Sale $1,200,000 -- $333 / 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 $9,454 $855,000 $200,000 $655,000
2023 $8,751 $776,000 $160,000 $616,000
2022 $9,489 $870,000 $140,000 $730,000
2021 $9,583 $825,000 $120,000 $705,000
2020 $7,667 $785,000 $120,000 $665,000
2018 $6,970 $543,000 $120,000 $423,000
2017 $6,288 $476,000 $110,000 $366,000
2016 $6,344 $428,000 $110,000 $318,000
2015 -- $414,000 $75,000 $339,000
2014 -- $384,000 $75,000 $309,000
2013 -- $398,000 $75,000 $323,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2170933

Northwest Multiple Listing Service (NWMLS)

APN: 132202-0620