Listed by NextHome Northwest Group, Bought with Windermere Northwest Living
NOT LISTED FOR SALE

5103 5105 187th Trail SW Rochester, WA 98579

Grand Mound Neighborhood

Estimated Value: $1,050,320 - $1,128,000

8 Beds
4 Baths
3,288 Sq Ft
$330/Sq Ft Est. Value

Last Sold April 05, 2024

Last sale price $1,000,000 $304 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,182/month

7 Days on Market

Highlights

  • Territorial View
  • Thermal Windows
  • Open Space
  • No HOA
  • Patio
  • Baseboard Heating

About This Home

As of April 2024

Attention Investors! Check out this country setting with 2 duplex and 4 units! All units are currently rented, (some below current rates). Well cared for units with vinyl windows, individual garages, w/d hook-ups for each unit and conveniently located to I-5 access at the Grand Mound Interchange. There is one unit with 2 bdrms, 1.5 baths and fireplace...the other 3 units are all 2 bdrm 1 bath. Each duplex has its own septic system. Several units have been updated with laminate floors in the great rooms and newer carpets in the bedrooms. This is one of 3 listings offering more units if you desire to expand your portfolio. Viewing upon receipt of acceptable offer. There is another unit that is vacant and available to view see MLS # 2199059

Last Agent to Sell the Property

Roberta Rudnick

NextHome Northwest Group License #31611 Listed on: 02/22/2024

NextHome Northwest Group

Co-Listed By

Kimberly Rucker

NextHome Northwest Group License #33824

Last Buyer's Agent

Laura Yoder

Windermere Northwest Living License #94141

Windermere Northwest Living

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2199051

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,119

Year Built

  • Built in 1978

Lot Details

  • 1.05 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Block Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,288 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 12 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Baseboard Heating
  • Shared Well
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Rochester Subdivision

Listing and Financial Details

  • Assessor Parcel Number 31411700602

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,119

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3288
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Open Space, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood, Wood Products
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Public, Shared Well
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Well
  • CableConnected: Xfinity
  • InternetConnected: Xfintiy
  • WaterSewerGarbage: 1248

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 31411700602
  • Lot Size Acres: 1.048
  • Lot Size: 1.04 of an acre
  • Lot Size Sq Ft: 45649
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16.22
  • LeasedItems: None
  • TotalMonthlyIncome: 5650

Multi Family

  • Gross Scheduled Income: 67800
  • Net Operating Income: 57122
  • Number Of Units Total: 4
  • Electric Expense: 480
  • Insurance Expense: 1633
  • Leasable Area: 3288
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2023
  • Tax Annual Amount: 4119

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Apr 5, 2024
Sold by
Hahn Marissa Elaine
Bought by
Hahn Jeffrey Lee
Seller's Agent
Roberta Rudnick
NextHome Northwest Group
Buyer's Agent
Laura Yoder
Windermere Northwest Living
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Views
17
Current Estimated Value
$1,085,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,330
Avg. Annual Appreciation
5.39%
Original Mortgage
$750,000
Outstanding Balance
$738,836
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$346,494

Purchase Details

Listed on
Feb 22, 2024
Closed on
Apr 4, 2024
Sold by
Holbrook Jerry
Bought by
Hahn Jeffrey
Seller's Agent
Roberta Rudnick
NextHome Northwest Group
Buyer's Agent
Laura Yoder
Windermere Northwest Living
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$738,836
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$346,494
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
Hahn Jeffrey Lee -- Thurston County Title
Hahn Jeffrey Lee -- Thurston County Title
Hahn Jeffrey $1,000,000 Thurston County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hahn Jeffrey Lee $750,000
Closed Hahn Jeffrey Lee $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2024 04/05/24 Sold $1,000,000 -9.1% $304 / Sq Ft
02/29/2024 02/29/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $1,100,000 -- $335 / 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 $5,876 $953,600 $422,000 $531,600
2023 $5,876 $669,500 $141,800 $527,700
2022 $5,227 $499,500 $76,500 $423,000
2021 $3,933 $500,100 $106,900 $393,200
2020 $5,349 $341,600 $99,400 $242,200
2019 $3,827 $392,600 $186,600 $206,000
2018 $4,695 $321,900 $120,400 $201,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2199051

Northwest Multiple Listing Service (NWMLS)

APN: 31411700602