Listed by John L. Scott, Inc, Bought with The Paragon Group
NOT LISTED FOR SALE

Estimated Value: $1,191,106 - $1,270,000

6 Beds
6 Baths
5,700 Sq Ft
$216/Sq Ft Est. Value

Last Sold June 26, 2015

Last sale price $460,000 $81 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $7,820/month

12 Days on Market

Highlights

  • 0.46 Acre Lot
  • Patio
  • High Speed Internet
  • Deck
  • Open Space
  • Wall to Wall Carpet

About This Home

As of June 2015

Don't miss this amazing opportunity to own a low maintenance high producing Rental in Popular Auburn Community. This Multi-family has been well maintained with tenant tenure well over 3+ years. With rents continuing to increase through-out King County now is the time to purchase! All units are 2 bed 1.5 bath, fully leased out.

Last Agent to Sell the Property

Jon Bye

John L. Scott, Inc License #25593 Listed on: 05/06/2015

John L. Scott, Inc

Last Buyer's Agent

Ross Hubbard

The Paragon Group License #117280

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 780139

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,175

Year Built

  • Built in 1995

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 199 x 209 x 290
  • Open Space
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 5,700 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • 5 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Auburn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2121059075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,175

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1995
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5700
  • Special Features: None
  • Cumulative Days on Market: 353

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Open Space, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 5
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • WaterSewerGarbage: 8000

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 2121059075
  • Lot Size Acres: 0.4561
  • Lot Size: 199 x 209 x 290
  • Lot Size Sq Ft: 19868
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 4350

Multi Family

  • Gross Scheduled Income: 52404
  • Net Operating Income: 22163
  • Number Of Units Total: 5
  • Insurance Expense: 2080
  • Leasable Area: 3420
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2015
  • Tax Annual Amount: 8175

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2019
Sold by
Dutch Hill Holdings Llc
Bought by
Nho Property Llc
Current Estimated Value
$1,230,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
4%

Purchase Details

Listed on
May 6, 2015
Closed on
Jun 25, 2015
Sold by
Corbaley Carl L and Corbaley Leslie T
Bought by
Dutch Hill Holdings Llc
Seller's Agent
Jon Bye
John L. Scott, Inc
Buyer's Agent
Ross Hubbard
The Paragon Group
List Price
$500,000
Sold Price
$460,000
Premium/Discount to List
-$40,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.95%

Purchase Details

Closed on
Jan 29, 2003
Sold by
Cocker Gary N and Cocker Kristine V
Bought by
Corbaley Carl L and Corbaley Leslie T
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
Nho Property Llc $750,000 First American Title
Dutch Hill Holdings Llc $460,000 First American
Corbaley Carl L $114,261 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nho Property Llc $684,200
Closed Nho Property Llc $532,000
Previous Owner Dutch Hill Holdings Llc $345,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2015 06/26/15 Sold $460,000 -8.0% $81 / Sq Ft
05/19/2015 05/19/15 Pending -- -- --
05/06/2015 05/06/15 For Sale $500,000 -- $88 / 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 $12,984 $1,092,000 $208,200 $883,800
2023 $12,706 $1,127,000 $189,300 $937,700
2022 $12,342 $1,111,000 $189,300 $921,700
2021 $12,009 $930,000 $189,300 $740,700
2020 $10,317 $856,000 $94,600 $761,400
2018 $9,173 $653,000 $81,000 $572,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 780139

Northwest Multiple Listing Service (NWMLS)

APN: 212105-9075