Listed by Sagareus Real Estate, Bought with Sagareus Real Estate
NOT LISTED FOR SALE

428 1st Ave N Algona, WA 98001

Estimated Value: $974,000 - $1,009,000

Studio
-- Bath
4,440 Sq Ft
$223/Sq Ft Est. Value

Last Sold December 28, 2023

Last sale price $940,000 $212 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,914/month

19 Days on Market

Highlights

  • Corner Lot
  • Thermal Windows
  • Wood Siding
  • No HOA
  • Baseboard Heating
  • 3-minute walk to John Matchett Memorial Park

About This Home

As of December 2023

Great opportunity to buy a 4-plex with townhouse-style units in King County. Large units without upstairs/downstairs neighbors your tenants will love. Individual carports and storage, separately metered electric, and great floorplan with tons of potential. Large lot with mature trees and lots of value add potential. All units are currently rented below market, owner occupancy could be possible.

Last Agent to Sell the Property

Joseph Nalley

Sagareus Real Estate License #130359 Listed on: 11/15/2023

Co-Listed By

BB French

Sagareus Real Estate License #26874

Last Buyer's Agent

Jay Wang

Sagareus Real Estate License #22007128

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2180248

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,987

Year Built

  • Built in 1981

Lot Details

  • 10,607 Sq Ft Lot
  • Corner Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,440 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Algona Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9543000090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,987

Year Built

Built in 1981

Lot Details

10,607 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1981
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4440
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Algona
  • WaterCompany: City of Algona

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 9543000090
  • Lot Size Acres: 0.2435
  • Lot Size Sq Ft: 10607
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.34
  • LeasedItems: None
  • TotalMonthlyIncome: 7200

Tax Info

  • Year: 2023
  • Tax Annual Amount: 8987

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2023
Closed on
Dec 26, 2023
Sold by
Blair Richard N and Blair Jane C
Bought by
Lin Sangdi
Seller's Agent
Joseph Nalley
Sagareus Real Estate
Buyer's Agent
Jay Wang
Sagareus Real Estate
List Price
$980,000
Sold Price
$940,000
Premium/Discount to List
-$40,000
-4.08%
Views
26
Current Estimated Value
$991,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,913
Avg. Annual Appreciation
2.54%
Original Mortgage
$705,000
Outstanding Balance
$693,762
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$298,151

Purchase Details

Closed on
Jul 19, 2006
Sold by
Heirs & Devisees Of Frances M Wytcherly
Bought by
Blair Richard N and Blair Jane C

Purchase Details

Closed on
Apr 22, 1983
Sold by
Wolever Marvin R and Wolever Mary M
Bought by
Wytcherly Gerald W and Wytcherly Frances M
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
Lin Sangdi $940,000 Ticor Title
Blair Richard N -- Ticor National
Wytcherly Gerald W $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Sangdi $705,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2023 12/28/23 Sold $940,000 -4.1% $212 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $980,000 -- $221 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $9,645 $850,000 $130,000 $720,000
2023 $8,987 $815,000 $115,000 $700,000
2022 $9,570 $824,000 $115,000 $709,000
2021 $8,961 $762,000 $106,000 $656,000
2020 $7,770 $674,000 $106,000 $568,000
2018 $8,988 $521,000 $53,000 $468,000
2017 $8,513 $605,000 $53,000 $552,000
2016 $7,679 $574,000 $50,000 $524,000
2015 -- $539,000 $50,000 $489,000
2014 -- $443,000 $50,000 $393,000
2013 -- $405,000 $50,000 $355,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2180248

Northwest Multiple Listing Service (NWMLS)

APN: 954300-0090

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