NOT LISTED FOR SALE

401 N Tower Ave Centralia, WA 98531

Estimated Value: $732,908

-- Bed
-- Bath
7,144 Sq Ft
$103/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $675,000 $94 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,426/month

9 Days on Market

Highlights

  • City View
  • No HOA
  • 1-minute walk to Central Park
  • Softwood Flooring
  • Wood Siding

About This Home

As of September 2022

Built in 1912, this building has been a part of Centralia's rich history. Many updates have been done to this corner brick beauty. More could be done to renovate vacant voids in the building to create additional rentable space. Cap rate is based on current rentals, and, I am sure you never heard this before, but apartments are at least $400 each below market rents for the area.

Last Agent to Sell the Property

Gary Fox

CENTURY 21 Lund, Realtors License #24161 Listed on: 08/08/2022

CENTURY 21 Lund, Realtors

Last Buyer's Agent

Stan Giske

Realty One Group Pacifica License #114128

Realty One Group Pacifica

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1979729

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,600

Year Built

  • Built in 1912

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 7,144 Sq Ft Home
  • City Views

Flooring

  • Softwood
  • Laminate

Schools

  • Centralia Mid Middle School
  • Centralia High School

Community Details

  • No Home Owners Association
  • Centralia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 001973000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,600

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1912
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7144
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Stories: 0
  • Cumulative Days on Market: 285

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Softwood, Laminate
  • Interior Amenities: Fir/Softwood, Laminate, Laminate Tile
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: City
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: City of Centralia
  • SewerCompany: City of Centralia
  • WaterCompany: City of Centralia
  • WaterSewerGarbage: 6000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Centralia
  • High School: Centralia High
  • Middle Or Junior School: Centralia Mid

Lot Info

  • Parcel Number: 001973000000
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessors
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14.3
  • LeasedItems: None
  • TotalMonthlyIncome: 4350

Multi Family

  • Gross Scheduled Income: 52200
  • Net Operating Income: 38000
  • Number Of Units Total: 6
  • Insurance Expense: 2600
  • Leasable Area: 7200
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2600

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2022
Closed on
Sep 13, 2022
Sold by
Gary Nathanson
Bought by
Sonlight Development Llc
Seller's Agent
Gary Fox
CENTURY 21 Lund, Realtors
Buyer's Agent
Stan Giske
Realty One Group Pacifica
List Price
$749,000
Sold Price
$675,000
Premium/Discount to List
-$74,000
-9.88%
Total Days on Market
9
Current Estimated Value
$732,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,908
Avg. Annual Appreciation
3.56%

Purchase Details

Closed on
Jul 29, 2013
Sold by
Vargas Hilario and Vargas Maria
Bought by
Nathanson Gary

Purchase Details

Closed on
Dec 5, 2011
Sold by
Portnoy Donald M
Bought by
Vargas Hilario and Vargas Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
4.06%
Mortgage Type
Commercial
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
Sonlight Development Llc -- --
Nathanson Gary -- None Available
Vargas Hilario $227,528 Title Guaranty
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nathanson Gary $50,000
Previous Owner Vargas Hilario $229,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $675,000 -9.9% $94 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
08/08/2022 08/08/22 For Sale $749,000 -- $105 / 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 $3,927 $599,100 $81,800 $517,300
2023 $4,921 $599,100 $81,800 $517,300
2022 $2,652 $267,800 $55,800 $212,000
2021 $2,379 $267,800 $55,800 $212,000
2020 $3,014 $267,800 $55,800 $212,000
2019 $3,137 $267,800 $55,800 $212,000
2018 $3,575 $267,800 $55,800 $212,000
2017 $2,706 $267,800 $55,800 $212,000
2016 $2,472 $267,800 $55,800 $212,000
2015 $2,767 $240,900 $40,900 $200,000
2013 $2,767 $224,900 $40,900 $184,000
Source: Public Records

Agents Affiliated with this Home

  • Gary Fox

    Seller's Agent in 2022

    Gary Fox

    CENTURY 21 Lund

    (360) 269-7384

    234 Total Sales

    Gary Fox
    Section Image
  • Stan Giske

    Buyer's Agent in 2022

    Stan Giske

    Realty One Group Pacifica

    (360) 269-1991

    147 Total Sales

    Stan Giske
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1979729

Northwest Multiple Listing Service (NWMLS)

APN: 001973-000-000

Washington Lewis County Centralia 98531

401 N Tower Ave, Centralia, WA

This home is located at 401 N Tower Ave, Centralia, WA 98531 since 08 August 2022 and is currently estimated at $732,908, approximately $102 per square foot. This property was built in 1912. 401 N Tower Ave is a home located in Lewis County with nearby schools including Centralia Middle School, Centralia High School, and Evergreen Academy of Arts & Sciences.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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