NOT LISTED FOR SALE

Estimated Value: $406,000 - $572,000

5 Beds
3 Baths
2,024 Sq Ft
$258/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $605,000 $299 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $3,398/month

11 Days on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • High Speed Internet
  • Secluded Lot
  • Thermal Windows
  • Property is in very good condition

About This Home

As of January 2022

HURRY! Rare Property for this area! Great location! These units are in FIRST CLASS CONDITION and are completely remodeled. Property Consists of a 1424 Sq Ft Duplex with 2-2br, 1 Ba units with finished garages-one with Carpeted floor not in SQ FT and storage, plus a finished garage/storage building. These units are in AMAZING condition & rents are UNDER MARKET. This is a Great opportunity to raise rents to market rates and increase the return on your investment! You won't be disappointed! Projected Cap Rate at market rents is 5.83%. Each unit has Stove, Microwave, Dishwasher and Fridge. All units have seller owned washer & dryers in the units which again allows for higher rents. DO NOT DISTURB TENANTS PLEASE!

Last Agent to Sell the Property

John Brink

Town & Country Brokers Inc License #85237 Listed on: 11/11/2021

Last Buyer's Agent

Deidre Fuchs

Terrafin License #136736

Terrafin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1862183

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,610

Year Built

  • Built in 1969

Lot Details

  • 0.35 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Sprinkler System
  • Value in Land
  • Property is in very good condition

Home Design

  • Duplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,024 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Summit Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031913-2-099

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,610

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1969
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2024
  • Special Features: None
  • Cumulative Days on Market: 283

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Secluded, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Septic System, Electric
  • PowerCompany: Elmhurst
  • SewerCompany: septic
  • WaterCompany: tpu
  • WaterSewerGarbage: 3240

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Multi-Family

Schools

  • Junior High Dist: Franklin Pierce
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 031913-2-099
  • Lot Size Acres: 0.3539
  • Lot Size Sq Ft: 15417
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,RV Parking,Sprinkler System
  • MLSLotSizeSource: TAX RECORDS
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,See Remarks

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14.4
  • LeasedItems: None
  • TotalMonthlyIncome: 3685

Multi Family

  • Gross Scheduled Income: 44220
  • Net Operating Income: 35270
  • Number Of Units Total: 2
  • Insurance Expense: 1100
  • Leasable Area: 2024
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4610

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2021
Closed on
Jan 18, 2022
Sold by
Shaffer Richard R and Shaffer Janell R
Bought by
Guillen Jose Manuel
Seller's Agent
John Brink
Town & Country Brokers Inc
Buyer's Agent
Deidre Fuchs
Terrafin
List Price
$649,999
Sold Price
$605,000
Premium/Discount to List
-$44,999
-6.92%
Total Days on Market
11
Current Estimated Value
$522,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$82,789
Avg. Annual Appreciation
-2.45%
Original Mortgage
$594,041
Outstanding Balance
$554,831
Interest Rate
3.22%
Mortgage Type
FHA
Estimated Equity
$2,003
Source: Public Records

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Range of Values:

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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
Guillen Jose Manuel $604,719 Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guillen Jose Manuel $594,041
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $605,000 0.0% $299 / Sq Ft
01/27/2022 01/27/22 Price Changed $605,000 -6.9% $299 / Sq Ft
11/22/2021 11/22/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $649,999 -- $321 / 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 $5,592 $522,700 $164,700 $358,000
2023 $5,592 $478,000 $160,000 $318,000
2022 $5,219 $508,500 $175,600 $332,900
2021 $4,610 $347,500 $119,600 $227,900
2019 $3,308 $309,500 $105,700 $203,800
2018 $3,731 $253,000 $88,000 $165,000
2017 $3,453 $217,600 $69,800 $147,800
2016 $3,196 $180,600 $56,500 $124,100
2014 $2,933 $167,900 $48,900 $119,000
2013 $2,933 $152,500 $45,400 $107,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1862183

Northwest Multiple Listing Service (NWMLS)

APN: 031913-2099