NOT LISTED FOR SALE

501 Eaton St Elma, WA 98541

Estimated Value: $290,000 - $474,000

4 Beds
2 Baths
1,844 Sq Ft
$202/Sq Ft Est. Value

Last Sold March 18, 2016

Last sale price $160,000 $87 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $2,283/month

304 Days on Market

Highlights

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

About This Home

As of March 2016

Centrally located! Close to all city services and schools. Great rental history. Each unit is 2 bedroom, 1 bathroom, with utility rooms and finished 1 car garage. Awesome metal roof with little maintenance Radiant ceiling heat. Low maintenance makes for positive income.

Last Buyer's Agent

Nancy Westergaard

Better Properties Real Estate License #29466

Better Properties Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 775466

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,274

Year Built

  • Built in 1978

Lot Details

  • 6,250

Home Design

  • Duplex
  • Poured Concrete
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,844 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Additional Features

  • Patio
  • 6,250 Sq Ft Lot

Community Details

  • Elma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 042500500100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,274

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1978
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1844
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Metal
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: GH PUD
  • SewerCompany: City of Elma
  • WaterCompany: City of Elma
  • WaterSewerGarbage: 1776

Schools

  • Junior High Dist: Elma

Lot Info

  • Parcel Number: 042500500100
  • Lot Size Acres: 0.1435
  • Lot Size Sq Ft: 6250
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 1400

Multi Family

  • Gross Scheduled Income: 168000
  • Net Operating Income: 10564
  • Number Of Units Total: 2
  • Insurance Expense: 756
  • Leasable Area: 1844
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2015
  • Tax Annual Amount: 2274

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2015
Closed on
Mar 14, 2016
Sold by
Ihrer Sherri A
Bought by
Ira Innovations Llc and Kenneth A Dietrich 2101318
Buyer's Agent
Nancy Westergaard
Better Properties Real Estate
List Price
$179,900
Sold Price
$160,000
Premium/Discount to List
-$19,900
-11.06%
Current Estimated Value
$371,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,969
Avg. Annual Appreciation
10.57%

Purchase Details

Closed on
Jun 30, 2006
Sold by
Goodwin Robyn and Goodwin Joe
Bought by
Ihrer Sherri A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 16, 2005
Sold by
Lucke Ralph
Bought by
Goodwin Robyn and Goodwin Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.75%
Mortgage Type
Commercial
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
Ira Innovations Llc $160,000 Pacific Title
Ihrer Sherri A $185,000 Coast Title
Goodwin Robyn $155,673 Pacific Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ihrer Sherri A $146,000
Previous Owner Ihrer Sherri A $148,000
Previous Owner Goodwin Robyn $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2016 03/18/16 Sold $160,000 -11.1% $87 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
04/23/2015 04/23/15 For Sale $179,900 -- $98 / 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 $3,615 $378,570 $48,594 $329,976
2023 $3,688 $349,628 $48,594 $301,034
2022 $2,839 $254,555 $38,875 $215,680
2021 $2,397 $254,555 $38,875 $215,680
2020 $2,152 $216,060 $31,719 $184,341
2019 $1,678 $189,458 $21,875 $167,583
2018 $1,775 $161,528 $21,875 $139,653
2017 $1,652 $129,300 $21,875 $107,425
2016 $1,692 $122,005 $21,875 $100,130
2014 -- $140,750 $21,875 $118,875
2013 -- $146,010 $21,875 $124,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 775466

Northwest Multiple Listing Service (NWMLS)

APN: 042500500100