Listed by John L. Scott CNT, Bought with Windermere Prof Partners
NOT LISTED FOR SALE

507 W Cherry St Centralia, WA 98531

Estimated Value: $293,029 - $342,000

4 Beds
2 Baths
1,800 Sq Ft
$176/Sq Ft Est. Value

Last Sold December 14, 2023

Last sale price $272,000 $151 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,853/month

9 Days on Market

Highlights

  • City View
  • Patio
  • Wood Siding
  • No HOA
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of December 2023

Good return on your investment with this duplex situated in a great area, close to Centralia College and downtown for shopping and services with easy access to the new Centralia Station business/shopping complex coming soon. The 2 units have been updated and have established tenants for a quick steady income flow.

Last Agent to Sell the Property

LauraLee Zuber-Titus

John L. Scott CNT License #76879 Listed on: 11/24/2023

John L. Scott CNT

Co-Listed By

Brent Taylor

John L. Scott CNT License #18036

Last Buyer's Agent

Nick Dahl

Windermere Prof Partners License #123910

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2181273

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,229

Year Built

  • Built in 1954

Lot Details

  • 4,792 Sq Ft Lot
  • Partially Fenced Property

Property Views

  • City
  • Territorial

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Parking

  • 2 Parking Spaces
  • Open Parking

Schools

  • Centralia Mid Middle School
  • Centralia High School

Additional Features

  • Patio
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Centralia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 000444001000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,229

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1954
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1800
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: City, Territorial
  • Lot Features: Alley, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: City of Centralia
  • SewerCompany: City of Centralia
  • WaterCompany: City of Centralia
  • CableConnected: Buyer to Verify
  • InternetConnected: Buyer to Verify
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Centralia
  • High School: Centralia High
  • Middle Or Junior School: Centralia Mid

Lot Info

  • Parcel Number: 000444001000
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4792
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Assessor
  • MLSSquareFootageSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.05
  • LeasedItems: None
  • TotalMonthlyIncome: 2015

Multi Family

  • Gross Scheduled Income: 25800
  • Net Operating Income: 22402
  • Number Of Units Total: 2
  • Insurance Expense: 1036
  • Leasable Area: 1800
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2229

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2024
Sold by
Gallington Aaron
Bought by
Gallington Sarah
Current Estimated Value
$317,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Outstanding Balance
$323,312
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
-$5,797

Purchase Details

Listed on
Nov 24, 2023
Closed on
Dec 12, 2023
Sold by
Ghere Brian D
Bought by
Gallington Aaron and Gallington Sarah
Seller's Agent
LauraLee Zuber-Titus
John L. Scott CNT
Buyer's Agent
Nick Dahl
Windermere Prof Partners
List Price
$259,000
Sold Price
$272,000
Premium/Discount to List
$13,000
5.02%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.08%

Purchase Details

Closed on
Oct 10, 2022
Sold by
Ghere Nancy M
Bought by
Ghere Brian D and Ghere James A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gallington Sarah -- Lewis County Title
Gallington Aaron $272,000 Lewis County Title
Ghere Brian D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallington Sarah $326,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2023 12/14/23 Sold $272,000 +5.0% $151 / Sq Ft
12/03/2023 12/03/23 Pending -- -- --
11/24/2023 11/24/23 For Sale $259,000 -- $144 / 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 $2,112 $321,700 $70,000 $251,700
2024 $2,112 $321,700 $70,000 $251,700
2023 $2,229 $270,800 $70,000 $200,800
2022 $1,805 $182,000 $45,300 $136,700
2021 $1,414 $182,000 $45,300 $136,700
2020 $789 $158,800 $43,600 $115,200
2019 $1,406 $139,800 $38,100 $101,700
2018 $1,478 $119,600 $32,300 $87,300
2017 $1,177 $110,700 $32,300 $78,400
2016 $1,260 $116,500 $34,000 $82,500
2015 $1,167 $122,800 $36,400 $86,400
2013 $1,167 $122,800 $36,400 $86,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2181273

Northwest Multiple Listing Service (NWMLS)

APN: 000444-001-000