NOT LISTED FOR SALE

44226 Grassmere Rd Concrete, WA 98237

Estimated Value: $324,980 - $528,000

4 Beds
1 Bath
1,536 Sq Ft
$263/Sq Ft Est. Value

Last Sold November 24, 2021

Last sale price $274,000 $178 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,347/month

188 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of November 2021

2 Homes! Live in one and rent out the other. Great investment property! Well maintained duplex with attached carports on spacious lot with nice yard. Walking distance to grocery and other stores. Long term reliable tenants currently renting. Each unit has 2 bedrooms, 1 bathroom, and its own leased propane tank which provides heat from free-standing Empire stove. Current owner installed newer 200 amp electrical panels, replaced plumbing and installed R11 insulation in walls and R 35 in ceilings. All appliances stay. Electric hot water heaters in carport. County says property is above 500 year flood plain. Buyer to verify all information.

Last Agent to Sell the Property

Joseph Eckerson

Valleys West Realty License #128136 Listed on: 01/30/2021

Last Buyer's Agent

Joseph Eckerson

Valleys West Realty License #128136 Listed on: 01/30/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1723213

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,173

Year Built

  • Built in 1938

Lot Details

  • 0.41 Acre Lot
  • Property is in average condition

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • Propane
  • Well
  • Septic Tank
  • Septic System

Community Details

  • Concrete Subdivision

Listing and Financial Details

  • Assessor Parcel Number P65209

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,173

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1938
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1536
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 501

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Heating Yn: Yes
  • Utilities: Septic System, Electric, Propane, Individual Well
  • PowerCompany: PSE
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Annual Fuel Expense: 150

Schools

  • Junior High Dist: Concrete

Lot Info

  • Parcel Number: P65209
  • Lot Size Acres: 0.41
  • Lot Size Sq Ft: 17860
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: Furnace/Burner
  • TotalMonthlyIncome: 1625

Multi Family

  • Gross Scheduled Income: 1625
  • Net Operating Income: 18000
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 1536
  • EnergySource: Electric,Propane
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 1173

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2021
Closed on
Nov 12, 2021
Sold by
Brown Timothy L and Brown Eleen N
Bought by
Kitchen Debra A and Kitchen Wayne Edard
Seller's Agent
Joseph Eckerson
Valleys West Realty
Buyer's Agent
Joseph Eckerson
Valleys West Realty
List Price
$285,000
Sold Price
$274,000
Premium/Discount to List
-$11,000
-3.86%
Current Estimated Value
$403,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,745
Avg. Annual Appreciation
7.01%
Original Mortgage
$205,500
Outstanding Balance
$190,024
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$162,080

Purchase Details

Closed on
Jul 19, 2007
Sold by
Brown Timothy L
Bought by
Brown Timothy L and Brown Eileen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.51%
Mortgage Type
New Conventional
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
Kitchen Debra A $274,000 Chicago Title Co
Brown Timothy L -- Chicago Title Company Island
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kitchen Debra A $205,500
Previous Owner Brown Timothy L $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Sold $274,000 -3.9% $178 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $285,000 0.0% $186 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
06/22/2021 06/22/21 Price Changed $285,000 -1.4% $186 / Sq Ft
03/30/2021 03/30/21 Price Changed $289,000 -3.3% $188 / Sq Ft
01/30/2021 01/30/21 For Sale $299,000 -- $195 / 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 $1,402 $158,800 $92,400 $66,400
2023 $1,402 $163,800 $97,400 $66,400
2022 $1,423 $163,800 $97,400 $66,400
2021 $1,450 $148,900 $88,500 $60,400
2020 $1,173 $144,400 $0 $0
2019 $1,641 $111,400 $0 $0
2018 $1,711 $171,300 $0 $0
2017 $1,533 $150,700 $0 $0
2016 $1,382 $135,800 $60,600 $75,200
2015 $1,296 $122,300 $55,600 $66,700
2013 $1,144 $92,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1723213

Northwest Multiple Listing Service (NWMLS)

APN: P65209