NOT LISTED FOR SALE

420 7th St NE East Wenatchee, WA 98802

Estimated Value: $634,920 - $772,000

8 Beds
4 Baths
4,780 Sq Ft
$147/Sq Ft Est. Value

Last Sold May 03, 2023

Last sale price $670,000 $140 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,305/month

16 Days on Market

Highlights

  • City View
  • No HOA
  • Vinyl Plank Flooring
  • Deck
  • Thermal Windows
  • Baseboard Heating

About This Home

As of May 2023

Wonderful location in E. Wenatchee and views of Mission Ridge! Close to shopping, loop trail and all amenities of the Valley. Great rental history of a well maintained property. 2 units on street level, 2 units lower. Shared coin operated laundry room. Each unit has own storage room. This rental property boasts 8 parking spaces. Check out this fantastic income property!

Last Listed By

Randy Baldwin

John L. Scott Leavenworth License #92456 Listed on: 03/09/2023

John L. Scott Leavenworth

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2043588

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,655

Year Built

  • Built in 1976

Lot Details

  • 0.28 Acre Lot
  • Sprinkler System
  • Property is in good condition

Property Views

  • City
  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Sterling K-7 Elementary And Middle School
  • Eastmont Snr High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • High Speed Internet

Community Details

  • No Home Owners Association
  • East Wenatchee Subdivision

Listing and Financial Details

  • Assessor Parcel Number 40100002506

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,655

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 259

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: City, Mountain(s), Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

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: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Douglas PUD
  • SewerCompany: E. Wenatchee Sewer District
  • WaterCompany: E. Wenatchee Water District
  • WaterSewerGarbage: 5220

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Eastmont
  • High School: Eastmont Snr High
  • Middle Or Junior School: Sterling K-7

Lot Info

  • Parcel Number: 40100002506
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12197
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet,Outbuildings,Sprinkler System
  • MLSLotSizeSource: assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12.52
  • LeasedItems: None
  • TotalMonthlyIncome: 4650

Multi Family

  • Gross Scheduled Income: 55800
  • Net Operating Income: 43736
  • Number Of Units Total: 4
  • Insurance Expense: 2189
  • Leasable Area: 4580
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4655

MLS Schools

  • Elementary School: Sterling K-7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
May 1, 2023
Sold by
Robinswood Court Llc
Bought by
Gomez Kevin A and Valadez Angelica Cabrera
Seller's Agent
Randy Baldwin
John L. Scott Leavenworth
Buyer's Agent
Arturo Zavala
Windermere RE/Lake Chelan
List Price
$699,000
Sold Price
$670,000
Premium/Discount to List
-$29,000
-4.15%
Total Days on Market
16
Views
38
Current Estimated Value
$701,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,730
Avg. Annual Appreciation
2.33%
Original Mortgage
$465,000
Outstanding Balance
$454,580
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$247,150

Purchase Details

Closed on
Dec 12, 2019
Sold by
Sparks Garry O and Sparks Patricia J
Bought by
Robinswood Court Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2019
Sold by
Woodward Kenneth Rick and Woodward Maureen
Bought by
Sparks Grry O and Sparks Patricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
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
Gomez Kevin A $670,000 Pioneer Title
Robinswood Court Llc -- None Available
Sparks Grry O $442,092 Central Washington Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Kevin A $465,000
Previous Owner Sparks Garry Oliver $297,000
Previous Owner Sparks Grry O $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2023 05/03/23 Sold $670,000 -4.1% $140 / Sq Ft
03/25/2023 03/25/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $699,000 -- $146 / 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
2025 $4,962 $577,600 $100,000 $477,600
2024 $4,962 $584,000 $100,000 $484,000
2023 $5,078 $518,600 $100,000 $418,600
2022 $4,745 $448,300 $80,000 $368,300
2021 $4,222 $448,300 $80,000 $368,300
2020 $4,080 $366,600 $72,000 $294,600
2018 $3,808 $324,400 $60,000 $264,400
2017 $3,388 $324,400 $60,000 $264,400
2016 $2,835 $312,700 $60,000 $252,700
2015 $2,957 $254,100 $60,000 $194,100
2014 -- $254,100 $60,000 $194,100
2013 -- $254,100 $60,000 $194,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2043588

Northwest Multiple Listing Service (NWMLS)

APN: 40-10-00-02506