NOT LISTED FOR SALE

408 S Wenatchee Ave Wenatchee, WA 98801

Estimated Value: $281,330

-- Bed
-- Bath
3,120 Sq Ft
$90/Sq Ft Est. Value

Last Sold December 12, 2023

Last sale price $265,000 $85 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,848/month

55 Days on Market

Highlights

  • City View
  • No HOA
  • High Speed Internet
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 4-minute walk to Centennial Park

About This Home

As of December 2023

Step into this legendary time capsule and let your imagination run wild. This property is sure to satisfy all your equity, cash flow, business, development, and fixer upper desires. SWBD zoning is very appealing with an array of permitted residential/commercial uses. 3,120 square feet currently configured as 7 units: 4 on the main and 3 upstairs. Right on the edge of downtown location with real nice upper level views. Estimated $125,000/$150,000 renovation with $6,000 - $7,000+ monthly income and $750,000+ value. Rare and unique opportunity to acquire an attractive short term and/or long term investment in the thriving, beautiful and always appreciating Wenatchee Valley.

Last Listed By

Leann McCamey

Nick McLean Real Estate Group License #90609 Listed on: 10/13/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2171720

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,289

Year Built

  • Built in 1910

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50'x 120'

Property Views

  • City
  • Mountain
  • Territorial

Home Design

  • Fixer Upper
  • Slab Foundation
  • Poured Concrete
  • Shake Roof
  • Built-Up Roof
  • Wood Siding

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Schools

  • Wenatchee High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Replat First Condos
  • South Wenatchee Subdivision

Listing and Financial Details

  • Legal Lot and Block 4 / 51
  • Assessor Parcel Number 222010815316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,289

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1910
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: REPLAT FIRST
  • New Construction: No
  • CalculatedSquareFootage: 3120
  • Special Features: None
  • Cumulative Days on Market: 280

Interior Features

  • Possible Use: See Remarks
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl
  • Interior Amenities: Hardwood, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up, Cedar Shake
  • View: City, Mountain(s), Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Fixer
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Forced Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump
  • Heating Yn: Yes
  • PowerCompany: Chelan County PUD
  • SewerCompany: City of Wenatchee
  • WaterCompany: City of Wenatchee
  • WaterSewerGarbage: 1500

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Wenatchee
  • High School: Wenatchee High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 222010815316
  • Lot Size Acres: 0.14
  • Lot Size: 50'x 120'
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: High Speed Internet,Outbuildings
  • MLSLotSizeSource: county
  • ZoningJurisdiction: City
  • ZoningClass: See Remarks
  • LotNumber: 4

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1289

Multi Family

  • Number Of Units Total: 7
  • Electric Expense: 1600
  • Insurance Expense: 1000
  • Leasable Area: 3120
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2011
Sold by
Burns Walter E and Burns Magdalena
Bought by
Burns Magdalena
Total Days on Market
55
Current Estimated Value
$281,330

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
Burns Magdalena -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2023 12/12/23 Sold $265,000 -11.4% $85 / Sq Ft
12/07/2023 12/07/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $299,000 0.0% $96 / Sq Ft
11/23/2023 11/23/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $299,000 +12.8% $96 / Sq Ft
11/14/2023 11/14/23 Off Market $265,000 -- --
11/09/2023 11/09/23 Price Changed $299,000 -8.0% $96 / Sq Ft
11/03/2023 11/03/23 For Sale $325,000 0.0% $104 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $325,000 -- $104 / 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
2021 $1,398 $141,545 $85,378 $56,167
2020 $1,248 $120,264 $73,181 $47,083
2019 $1,150 $119,812 $73,181 $46,631
2018 $1,421 $116,646 $73,181 $43,465
2017 $1,403 $118,317 $73,181 $45,136
2016 $1,572 $127,002 $67,082 $59,920
2015 $1,572 $132,488 $67,082 $65,406
2013 $1,572 $146,576 $67,082 $79,494
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2171720

Northwest Multiple Listing Service (NWMLS)

APN: 222010815316