Listed by Windermere RE/Capitol Hill,Inc, Bought with Windermere Prof Partners
NOT LISTED FOR SALE

504 4th Ave SE Pacific, WA 98047

Estimated Value: $910,706 - $1,063,000

Studio
-- Bath
3,536 Sq Ft
$283/Sq Ft Est. Value

Last Sold July 28, 2020

Last sale price $690,000 $195 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $6,116/month

2 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • Wall to Wall Carpet
  • Electric Vehicle Charging Station

About This Home

As of July 2020

Fourplex in convenient location. Live in one and rent out the other three or make an investment in the entire apartment building. Each light filled unit has been remodeled and features 2 bedrooms, 1 full bath, in unit washer/dryer, stylish kitchen with dining area, wood burning fireplace, patios on lower units and decks on upper. The building has low maintenance vinyl siding. There are four covered and four uncovered reserved parking spaces. Unit A has an electric car charger outlet.

Last Agent to Sell the Property

Philip Heier

Windermere RE/Capitol Hill,Inc License #49773 Listed on: 05/10/2020

Windermere RE/Capitol Hill,Inc

Last Buyer's Agent

Anders Ibsen

Windermere Prof Partners License #21033248

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1597826

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,073

Year Built

  • Built in 1989

Lot Details

  • 0.38 Acre Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Pacific Subdivision
  • Electric Vehicle Charging Station

Listing and Financial Details

  • Assessor Parcel Number 3621049089

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,073

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1989
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3536
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Pacific
  • WaterCompany: City of Pacific

Schools

  • Junior High Dist: Auburn
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3621049089
  • Lot Size Acres: 0.3787
  • Lot Size Sq Ft: 16497
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Electric Car Charging
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 4225

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5073

Multi Family

  • Number Of Units Total: 4
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2020
Closed on
Jul 25, 2020
Sold by
Ibsen Sarah C and Ibsen Ariders Christian
Bought by
Ibsen Anders Christian
Seller's Agent
Philip Heier
Windermere RE/Capitol Hill,Inc
Buyer's Agent
Anders Ibsen
Windermere Prof Partners
List Price
$675,000
Sold Price
$690,000
Premium/Discount to List
$15,000
2.22%
Current Estimated Value
$1,028,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,410
Avg. Annual Appreciation
6.99%
Original Mortgage
$517,500
Outstanding Balance
$459,736
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$540,833

Purchase Details

Listed on
May 10, 2020
Closed on
Jul 22, 2020
Sold by
Gorectke Charles R and Nino Tatiana Trujillo
Bought by
Nowak Margaret M and Ibsen Anders Christian
Seller's Agent
Philip Heier
Windermere RE/Capitol Hill,Inc
Buyer's Agent
Anders Ibsen
Windermere Prof Partners
List Price
$675,000
Sold Price
$690,000
Premium/Discount to List
$15,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Outstanding Balance
$459,736
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$540,833

Purchase Details

Closed on
Jul 20, 2018
Sold by
White Frederick A and Russell White Shannon J
Bought by
Gorectke Charles R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,703
Interest Rate
4.5%

Purchase Details

Closed on
Apr 5, 2017
Sold by
White Frederick A and White Shannon J
Bought by
White Frederick A and White Shannon J

Purchase Details

Closed on
Jan 31, 2003
Sold by
Mattoon Martin T
Bought by
White Frederick A and White Shannon J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,500
Interest Rate
5.83%

Purchase Details

Closed on
Jul 5, 1995
Sold by
Baker Mannace E and Baker Shari M
Bought by
Woodside Arleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,800
Interest Rate
7.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ibsen Anders Christian -- Cw Title
Nowak Margaret M $690,000 Cw Title
Gorectke Charles R $624,950 Fidelity National Title
White Frederick A -- None Available
White Frederick A $280,650 First American
Woodside Arleen M $182,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ibsen Anders Christian $517,500
Previous Owner Gorectke Charles R $593,703
Previous Owner White Frederick A $252,500
Previous Owner Woodside Arleen M $163,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2020 07/28/20 Sold $690,000 +2.2% $195 / Sq Ft
05/12/2020 05/12/20 Pending -- -- --
05/10/2020 05/10/20 For Sale $675,000 -- $191 / 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 $9,241 $818,000 $164,900 $653,100
2023 $8,055 $733,000 $164,900 $568,100
2022 $8,664 $739,000 $164,900 $574,100
2021 $8,476 $691,000 $131,900 $559,100
2020 $7,484 $637,000 $120,000 $517,000
2018 $5,987 $427,000 $100,000 $327,000
2017 $5,912 $399,000 $100,000 $299,000
2016 $4,927 $397,000 $100,000 $297,000
2015 $4,833 $345,000 $100,000 $245,000
2014 -- $327,000 $100,000 $227,000
2013 -- $345,000 $100,000 $245,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1597826

Northwest Multiple Listing Service (NWMLS)

APN: 362104-9089