NOT LISTED FOR SALE

Estimated Value: $645,000 - $901,000

8 Beds
4 Baths
2,880 Sq Ft
$278/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $800,000 $278 Per Sq Ft

Current estimated payment $4,754/month

88 Days on Market

Highlights

  • Cul-De-Sac
  • Wood Siding
  • 1-Story Property
  • High Speed Internet
  • Wall Furnace

About This Home

As of April 2023

Proforma cap rate over 6% with est. $1300/m rent. Incredible opportunity to pick up a long term investment property. Whether adding to your current portfolio or brand new investor that would like to use owner occupied financing and secure your first rental property, this one is a great addition! So much potential for this plex. One unit has already been completely updated. Bonus: Each unit is individually metered for power, water and sewer!!

Last Agent to Sell the Property

Karen Higgins

Premiere Property Group, LLC License #25017379 Listed on: 12/29/2022

Premiere Property Group, LLC

Last Buyer's Agent

Peter Cutile

Parker Brennan Real Estate License #129436

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,477

Year Built

  • Built in 1968

Lot Details

  • Cul-De-Sac

Parking

  • 4 Car Garage
  • Carport
  • Assigned Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,880 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Schools

  • King Elementary School
  • Mcloughlin Middle School
  • Fort Vancouver High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number 029302000

Community Details

Overview

  • 4 Units
  • Maplewood Subdivision

Building Details

  • Operating Expense $5,832
  • Gross Income $37,560
  • Net Operating Income $31,728

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,477

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1968
  • Property Condition: Existing
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Current Price For Status: 800000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Attached,IndividualStorageUnits
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Cul_de_sac
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Carport
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: King
  • High School: Fort Vancouver
  • Middle Or Junior School: McLoughlin

Lot Info

  • Zoning: R-18
  • Parcel #: 029302000

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 4476.87

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 21.96
  • Annual Gross Income: 37560.0
  • Property Net Operating Income: 31728.0
  • Annual Operating Expense: 5832.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2023
Sold by
Cutile Peter
Bought by
Cutile Properties 5 Llc
Current Estimated Value
$800,560

Purchase Details

Listed on
Dec 29, 2022
Closed on
Apr 27, 2023
Sold by
Cutile Tannya and Cutile Peter
Bought by
Cutile Peter
Seller's Agent
Karen Higgins
Premiere Property Group, LLC
Buyer's Agent
Peter Cutile
Parker Brennan Real Estate
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%
Views
242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.03%
Original Mortgage
$600,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2019
Sold by
Kopkie Marvin
Bought by
Mk 4208 Investments Llc

Purchase Details

Closed on
Jun 10, 2019
Sold by
Ciadelle Llc
Bought by
Kopkie Marvin

Purchase Details

Closed on
Sep 28, 2005
Sold by
Harguess Crystal Adelle
Bought by
Ciadelle Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,900
Interest Rate
5.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 26, 2005
Sold by
Heup Elaine and Miller Kenneth C
Bought by
Harguess Crystal A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,900
Interest Rate
5.72%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 22, 1998
Sold by
Heup Elaine
Bought by
Heup Elaine and Miller Kenneth C
Source: Public Records
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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
Cutile Properties 5 Llc -- None Listed On Document
Cutile Peter -- Clark County Title Company
Cutile Peter $800,000 Clark County Title Company
Mk 4208 Investments Llc -- None Available
Kopkie Marvin $400,000 Clark County Title Company
Ciadelle Llc -- --
Harguess Crystal A $309,000 Clark County Title Co
Heup Elaine -- --
Heup Elaine -- --
Heup Elaine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cutile Peter $600,000
Previous Owner Harguess Crystal A $30,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2023 04/28/23 Sold $800,000 -3.0% $278 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
03/08/2023 03/08/23 Price Changed $825,000 -2.9% $286 / Sq Ft
12/29/2022 12/29/22 For Sale $850,000 -- $295 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $6,816 $698,300 $179,300 $519,000
2024 $6,526 $698,300 $179,300 $519,000
2023 $5,912 $634,800 $163,000 $471,800
2022 $4,477 $634,800 $163,000 $471,800
2021 $4,318 $447,700 $133,400 $314,300
2020 $4,167 $406,980 $121,800 $285,180
2019 $3,832 $406,980 $121,800 $285,180
2018 $3,851 $387,600 $0 $0
2017 $3,481 $323,400 $0 $0
2016 $3,224 $305,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22150008

Regional Multiple Listing Service (RMLS)

APN: 029302-000