NOT LISTED FOR SALE

525 W 1st Ave Kennewick, WA 99336

Estimated Value: $348,739

3 Beds
3 Baths
2,583 Sq Ft
$135/Sq Ft Est. Value

Last Sold November 09, 2021

Last sale price $304,860 $118 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,012/month

92 Days on Market

Highlights

  • Covered Deck
  • Formal Dining Room
  • In-Law or Guest Suite
  • Wood Flooring
  • Porch
  • Storage

About This Home

As of November 2021

MLS# 254592 Carmine's Restaurant was a rare gem in Kennewick. They hold a place in many residents hearts for their wonderful food and guests felt like family as they dined. This property provides commercial space along with residential space. Imagine the opportunity of one mortgage payment where you can live and make a return on your investment with your business. There is off street parking for guests and a back entrance for family. Inside the front door, is a covered porch with windows to both Fruitland and 1st to let in natural light and create a great entrance for your business or home. There is a formal dining room and living room with a welcoming fireplace and hard wood floors. There is a bedroom that you can use for business space or close off for personal use. If your dream is to open a restaurant, you can have the success that Carmine had where they worked magic in the kitchen. There are commercial sinks and a commercial dishwasher. There is also a butlers pantry for food storage. There is a restroom in this main area. Back behind the kitchen is additional space that can be used for your private living. There is another bedroom with a fireplace. Downstairs, you will find an additional bedroom without egress windows and a full bathroom. Step outside the side door into the recently renovated space that is a separate living area that could be for you or a mother in law suite. What was once the garage now has a full living room, loft for storage, kitchenette, bathroom, and a bedroom. This space allows a great opportunity for you to live in an iconic home near downtown Kennewick, or to create your dream business in your home whether it be a restaurant, wine bar, jazz club, something for your hobbies, or office space. It is a great opportunity to make your dreams come true.

Last Agent to Sell the Property

Suzanne Grandinetti

Windermere Group One/Tri-Cities License #107570 Listed on: 06/24/2021

Windermere Group One/Tri-Cities

Last Buyer's Agent

Michael Thomas

Retter and Company Sotheby's License #119623

Retter and Company Sotheby's

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,496

Year Built

  • Built in 1930

Lot Details

  • 6,970 Sq Ft Lot
  • Partially Fenced Property
  • Zoning described as Commcl Office

Parking

  • Off-Street Parking

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Composition Shingle Roof

Interior Spaces

  • 2,583 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Drapes & Rods
  • Formal Dining Room
  • Storage
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite

Finished Basement

  • Partial Basement
  • Interior Basement Entry
  • Crawl Space

Outdoor Features

  • Covered Deck
  • Porch

Utilities

  • Central Air
  • Gas Available
  • Water Heater
  • Water Softener is Owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,496

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Style1: 1 Story w/Basement
  • Construction Type: Wood Frame
  • Ever Occupied: Yes
  • New: Existing Construction (Not New)
  • Street Road Info: Paved, Sidewalks
  • Year Built: 1930
  • Headline: Residential and Commercial- Great Opportunity
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Water Softener - Owned, Water Heater
  • Fireplace Freestand Stove: 2, FP - Gas, FP - Wood
  • Flooring: Wood
  • Interior: Drapes/Curtains/Blinds, Extra Storage, Ceiling Fan(s)
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • Number of Three Quarter Bathrooms: 2
  • Basement: Yes
  • Basement Type: Finished, Partial, Inside Entrance, Windows - Non Egress
  • Below Grade Sq Ft: 500
  • Finished Sq Ft: 2583
  • Total Sq Ft: 2583
  • Price Per Sq Ft: 118.03

Exterior Features

  • Exterior Features: Deck/Open, Deck/Covered, Fencing/Partial, Porch, Deck/Wood
  • Foundation Const: Concrete, Crawl Space
  • Roof: Comp Shingle

Garage/Parking

  • Garage Parking: Off Street Spaces

Utilities

  • Hvac: Forced Air, Central Air
  • Utilities: Appliances-Electric, Gas
  • Water Sewer: Water - Public, Sewer - Connected

Schools

  • School District: Kennewick

Lot Info

  • Number Of Acres: 0.16
  • Property Description: Located in City Limits
  • Zoning Type: Commcl Office

Tax Info

  • Annual Taxes: 1495.73

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Nov 5, 2021
Sold by
Aitoro Jack Francis and Aitoro Mark Christopher
Bought by
Flores Nicholaus C
Seller's Agent
Suzanne Grandinetti
Windermere Group One/Tri-Cities
Buyer's Agent
Michael Thomas
Retter and Company Sotheby's
List Price
$405,000
Sold Price
$304,860
Premium/Discount to List
-$100,140
-24.73%
Current Estimated Value
$348,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,879
Avg. Annual Appreciation
3.45%
Original Mortgage
$299,337
Outstanding Balance
$273,869
Interest Rate
2.88%
Mortgage Type
FHA
Estimated Equity
$74,870

Purchase Details

Closed on
Sep 3, 2021
Sold by
Aitoro Carmen
Bought by
Aitoro Jack Francis and Aitoro Mark Christopher

Purchase Details

Closed on
May 11, 2017
Sold by
Aitoro Joyce
Bought by
Aitoro Carman

Purchase Details

Closed on
Mar 4, 2008
Sold by
Richards Charles P and Richards Sheri L
Bought by
Aitoro Carmen and Aitoro Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,900
Interest Rate
5.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2006
Sold by
Hughes M Douglas and Hughes Edwin H
Bought by
Richards Charles P and Richards Sheri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
9.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2006
Sold by
Jones Monte L
Bought by
Hughes M Douglas and Hughes Edwin H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
9.95%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 2005
Sold by
Jones Monte L and Estate Of Monte Elvin Jones
Bought by
Jones Monte L
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
Flores Nicholaus C $304,860 Ticor Title Company
Aitoro Jack Francis -- Chicago Title Company
Aitoro Carman -- None Available
Aitoro Carmen $119,900 Benton Franklin Title Co
Richards Charles P $80,000 Frontier Title & Esc
Hughes M Douglas $61,000 Frontier Title & Esc
Jones Monte L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flores Nicholaus C $299,337
Previous Owner Aitoro Carmen $119,900
Previous Owner Richards Charles P $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2021 11/09/21 Sold $304,860 -12.6% $118 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
08/02/2021 08/02/21 Price Changed $349,000 -10.5% $135 / Sq Ft
07/13/2021 07/13/21 Price Changed $389,900 -3.7% $151 / Sq Ft
06/24/2021 06/24/21 For Sale $405,000 -- $157 / Sq Ft
Source: Pacific Regional MLS

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 $2,195 $236,590 $40,380 $196,210
2023 $2,195 $236,590 $40,380 $196,210
2022 $1,442 $261,500 $40,380 $221,120
2021 $1,450 $121,000 $22,500 $98,500
2020 $1,496 $121,000 $22,500 $98,500
2019 $1,464 $121,000 $22,500 $98,500
2018 $1,730 $121,000 $22,500 $98,500
2017 $1,594 $121,000 $22,500 $98,500
2016 $1,657 $121,000 $22,500 $98,500
2015 $1,656 $125,220 $22,070 $103,150
2014 -- $125,220 $22,070 $103,150
2013 -- $125,220 $22,070 $103,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pacific Regional MLS

MLS Number: 254592

Pacific Regional MLS

APN: 101891060009001