Listed by National Real Estate Mgmt Grp., Bought with BHGRE Gary Mann Realty
NOT LISTED FOR SALE

403 Offutt Dr Unit 405 Moses Lake, WA 98837

Estimated Value: $312,000 - $397,000

6 Beds
2 Baths
2,344 Sq Ft
$152/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $292,000 $125 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,127/month

1 Day on Market

Highlights

  • 0.51 Acre Lot
  • Patio
  • Partially Fenced Property
  • Territorial View
  • Vinyl Plank Flooring
  • Wood Siding

About This Home

As of September 2021

Incredible investment opportunity. Two 1172 sq ft Duplex units with long-term renters. Each unit has 3 bedrooms and 1 bath in hallway and 1/2 bath off master. Large living room area with slider to back patio area. Two extra deep single car garages with storage room in back and main door to large back yard. Pictures are of 405 Offutt Rd when it was vacant last. We don't have pictures of 403 Offutt Rd due to a long term tenant living there.

Last Agent to Sell the Property

Marianne Kirwan

National Real Estate Mgmt Grp. License #27634 Listed on: 06/21/2021

Last Buyer's Agent

Dayna Sumner

BHGRE Gary Mann Realty License #128741

BHGRE Gary Mann Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1795126

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,297

Year Built

  • Built in 1961

Lot Details

  • 0.51 Acre Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,344 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Outdoor Features

  • Patio

Community Details

  • Larson Subdivision

Listing and Financial Details

  • Assessor Parcel Number 310048000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,297

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1961
  • Buyer Agency Compensation: 5350
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2344
  • SOCComments: Flat rate
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Metal
  • View: Territorial
  • Lot Features: Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Slab
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Grant Co PUD
  • SewerCompany: City of Moses Lake
  • WaterCompany: City of Moses Lake
  • WaterSewerGarbage: 226

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Moses Lake

Lot Info

  • Parcel Number: 310048000
  • Lot Size Acres: 0.5133
  • Lot Size Sq Ft: 22358
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 1735

Multi Family

  • Gross Scheduled Income: 20820
  • Net Operating Income: 15303
  • Number Of Units Total: 2
  • Insurance Expense: 903
  • Leasable Area: 2344
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2297

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Aug 31, 2021
Sold by
Krugh Rentals Llc
Bought by
Fridbauer Harrison Dane and Fridbauer Jazzmin Anastasio
Seller's Agent
Marianne Kirwan
National Real Estate Mgmt Grp.
Buyer's Agent
Dayna Sumner
BHGRE Gary Mann Realty
List Price
$289,400
Sold Price
$292,000
Premium/Discount to List
$2,600
0.9%
Current Estimated Value
$355,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,803
Avg. Annual Appreciation
4.88%
Original Mortgage
$19,405
Outstanding Balance
$17,657
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$338,146

Purchase Details

Closed on
May 9, 2013
Sold by
Krogh Michelle and Krogh Matt
Bought by
Krogh Rentals Llc

Purchase Details

Closed on
Jul 28, 2011
Sold by
Krogh Matt and Krogh Michelle
Bought by
Krogh Rentals Llc

Purchase Details

Closed on
Mar 24, 2009
Sold by
The Secretary Of Veteran Affairs
Bought by
Krogh Matthew J and Krogh Michelle C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2008
Sold by
Baker John K and Baker Susan T
Bought by
Chase Home Finance Llc

Purchase Details

Closed on
Sep 26, 2008
Sold by
Chase Home Finance Llc
Bought by
The Secretary Of Veteran Affairs

Purchase Details

Closed on
Mar 19, 2007
Sold by
Baker John and Baker Susan
Bought by
Baker Susan and Baker John
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
Fridbauer Harrison Dane $292,000 Frontier Title And Escrow Co
Krogh Rentals Llc -- None Available
Krogh Rentals Llc -- None Available
Krogh Matthew J -- Frontier Title
Chase Home Finance Llc $107,993 Frontier Title & Escrow
The Secretary Of Veteran Affairs -- Frontier Title & Escrow
Baker Susan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fridbauer Harrison Dane $19,405
Previous Owner Krogh Matthew J $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2021 09/02/21 Sold $292,000 +0.9% $125 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $289,400 -- $123 / 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 $3,131 $265,000 $37,500 $227,500
2023 $3,075 $188,365 $37,500 $150,865
2022 $2,411 $188,365 $37,500 $150,865
2021 $2,297 $188,365 $37,500 $150,865
2020 $2,254 $174,160 $37,500 $136,660
2019 $1,896 $130,110 $20,000 $110,110
2018 $1,957 $122,870 $20,000 $102,870
2017 $2,151 $148,590 $20,000 $128,590
2016 $1,864 $126,015 $20,000 $106,015
2013 -- $126,015 $20,000 $106,015
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1795126

Northwest Multiple Listing Service (NWMLS)

APN: 310048000