Listed by John L. Scott, Inc, Bought with Keller Williams Downtown Sea
NOT LISTED FOR SALE

4220 Mckinley Ave Carnation, WA 98014

Estimated Value: $953,000 - $1,091,000

-- Bed
1 Bath
3,136 Sq Ft
$330/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $935,000 $298 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,154/month

188 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Wood Siding
  • Carnation Elementary School Rated A-
  • Baseboard Heating
  • 5-minute walk to Fred Hockert Park

About This Home

As of December 2023

Great value add investment opportunity! Lot's of room to increase rent if you put new kitchen, update bathrooms, rents should be at least $1950 to $2000 a month. This 4-plex can provide steady income for investor, and the fact that the community is growing and there is low vacancy is definitely a plus. Units had been updated, new roof in 2020, new exterior paint in 2021 and updated electrical. There is additional income from the coin-op laundry.

Last Agent to Sell the Property

Nelya Calev

John L. Scott, Inc License #97542 Listed on: 05/01/2023

John L. Scott, Inc

Last Buyer's Agent

Janice Brown

Keller Williams Downtown Sea License #1936

Keller Williams Downtown Sea

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2061184

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,121

Year Built

  • Built in 1983

Lot Details

  • 0.25

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Open Parking

Additional Features

  • 0.25 Acre Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Downtown Carnation Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8657300090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,121

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1983
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3136
  • Special Features: None
  • Cumulative Days on Market: 399

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

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: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 10520

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Riverview

Lot Info

  • Parcel Number: 8657300090
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.86
  • LeasedItems: None
  • TotalMonthlyIncome: 6850

Multi Family

  • Gross Scheduled Income: 82200
  • Net Operating Income: 62959
  • Number Of Units Total: 4
  • Electric Expense: 600
  • Insurance Expense: 2000
  • Leasable Area: 3136
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6121

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Dec 21, 2023
Sold by
Mckinley Seven Llc
Bought by
Addanki Venkateswarlu and Addanki Mahalakshmi
Seller's Agent
Nelya Calev
John L. Scott, Inc
Buyer's Agent
Janice Brown
Keller Williams Downtown Sea
List Price
$1,150,000
Sold Price
$935,000
Premium/Discount to List
-$215,000
-18.7%
Views
46
Current Estimated Value
$1,035,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,523
Avg. Annual Appreciation
4.81%
Original Mortgage
$701,250
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 23, 2015
Closed on
Oct 12, 2015
Sold by
Cooper Johnson Enterprises Llc
Bought by
Mckinley Seven Llc
Buyer's Agent
LISA SHILLING
COMPASS
List Price
$1,340,000
Sold Price
$1,100,000
Premium/Discount to List
-$240,000
-17.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.96%
Original Mortgage
$600,000
Interest Rate
3.86%

Purchase Details

Closed on
May 7, 2011
Sold by
Johnson Tod A and Johnson Linda A
Bought by
Cooper Johnson Enterprises Llc

Purchase Details

Closed on
Feb 25, 2004
Sold by
Johnson Tod A
Bought by
Johnson Tod A and Johnson Linda A

Purchase Details

Closed on
Dec 24, 1984
Sold by
Johnson Sandra Mae
Bought by
Johnson Tod A
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
Addanki Venkateswarlu $935,000 Equity Title Of Washington
Mckinley Seven Llc $1,100,000 Wfg National
Cooper Johnson Enterprises Llc -- None Available
Johnson Tod A -- Accommodation
Johnson Tod A -- --
Johnson Tod A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Addanki Venkateswarlu $695,000
Closed Addanki Venkateswarlu $701,250
Previous Owner Mckinley Seven Llc $1,000,000
Previous Owner Mckinley Seven Llc $600,000
Previous Owner Cooper Leo A $166,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $935,000 -4.1% $298 / Sq Ft
11/05/2023 11/05/23 Pending -- -- --
10/10/2023 10/10/23 Price Changed $975,000 -9.3% $311 / Sq Ft
09/20/2023 09/20/23 Price Changed $1,075,000 -4.4% $343 / Sq Ft
06/13/2023 06/13/23 Price Changed $1,125,000 -2.2% $359 / Sq Ft
05/01/2023 05/01/23 For Sale $1,150,000 +4.5% $367 / Sq Ft
10/15/2015 10/15/15 Sold $1,100,000 -17.9% $117 / Sq Ft
09/15/2015 09/15/15 Pending -- -- --
07/23/2015 07/23/15 For Sale $1,340,000 -- $142 / 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 $6,271 $692,000 $196,000 $496,000
2023 $5,669 $671,000 $190,500 $480,500
2022 $6,121 $674,000 $163,300 $510,700
2021 $6,711 $609,000 $136,100 $472,900
2020 $6,015 $600,000 $136,100 $463,900
2018 $5,262 $442,000 $130,600 $311,400
2017 $4,856 $425,000 $108,900 $316,100
2016 $5,331 $394,000 $108,900 $285,100
2015 $4,531 $412,000 $98,000 $314,000
2014 -- $362,000 $98,000 $264,000
2013 -- $343,000 $98,000 $245,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2061184

Northwest Multiple Listing Service (NWMLS)

APN: 865730-0090