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

5115 5117 187th Trail SW Rochester, WA 98579

Grand Mound Neighborhood

Estimated Value: $767,000 - $1,107,000

4 Beds
2 Baths
3,288 Sq Ft
$293/Sq Ft Est. Value

Last Sold April 05, 2024

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

Est. 4% decrease in value since last sale

Current estimated payment $5,596/month

7 Days on Market

Highlights

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

About This Home

As of April 2024

Incredible Investment Opportunity! Four Units, Two Duplexes with a country setting on just over an acre offering easy I-5 access @ the Grand Mound Interchange. Well cared for units, complete with vinyl windows, 2 bdrm, 1 bath units with individual garages with elect door openers. Low utility fees with private septic systems & Type B Water System. Each duplex has its own septic system. There is also a nice-sized outbuilding for all your on-site maintenance materials. Several of the 4 units have been updated with laminate floors and newer carpets in the bedrooms. Easy commute to Centralia/Chehalis and/or Tumwater/Olympia. Unit 5121 is vacant and available for viewing. Additional duplexes listed for sale under MLS #'s 2199048 and 2199051.

Last Agent to Sell the Property

Roberta Rudnick

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

NextHome Northwest Group

Co-Listed By

Evan Rudnick

NextHome Northwest Group License #119599

Last Buyer's Agent

Laura Yoder

Windermere Northwest Living License #94141

Windermere Northwest Living

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2199059

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,640

Year Built

  • Built in 1978

Lot Details

  • 1.07 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • 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

  • 14 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • Baseboard Heating
  • Shared Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Rochester Subdivision

Listing and Financial Details

  • Assessor Parcel Number 31411700601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,640

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: 10
  • Open Parking: Yes
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Septic Tank
  • Water Source: Public, Shared Well
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Shared well
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • 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: 31411700601
  • Lot Size Acres: 1.0683
  • Lot Size: 1.06 acres
  • Lot Size Sq Ft: 46534
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings,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: 13.38
  • LeasedItems: None
  • TotalMonthlyIncome: 6850

Multi Family

  • Gross Scheduled Income: 82200
  • Net Operating Income: 70569
  • 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: 4640

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 10, 2024
Sold by
Hahn Jeffrey
Bought by
Jmcq Investments Llc
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
16
Current Estimated Value
$962,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,684
Avg. Annual Appreciation
-2.43%
Original Mortgage
$750,000
Outstanding Balance
$738,836
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$223,480

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
16

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
$223,480

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
16

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
$223,480
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
Jmcq Investments Llc -- None Listed On Document
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 $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 $6,592 $692,400 $281,300 $411,100
2023 $6,592 $754,400 $142,200 $612,200
2022 $5,849 $566,300 $76,800 $489,500
2021 $4,080 $562,300 $107,200 $455,100
2020 $5,316 $355,100 $75,800 $279,300
2019 $3,796 $390,100 $189,100 $201,000
2018 $4,650 $318,600 $121,100 $197,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2199059

Northwest Multiple Listing Service (NWMLS)

APN: 31411700601