Listed by 206 REALTY LLC, Bought with Best Choice Realty LLC
NOT LISTED FOR SALE

Estimated Value: $448,000 - $1,412,241

10 Beds
4 Baths
3,210 Sq Ft
$280/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $1,100,000 $343 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $5,572/month

21 Days on Market

Highlights

  • 0.48 Acre Lot
  • High Speed Internet
  • 1-Story Property
  • Territorial View

About This Home

As of February 2021

Outstanding opportunity with an unbeatable location! Nearly 1/2 acre lot w/2 separate duplex units- 4 rentals! Short walk to Sounder, Kent Station w/restaurants, theaters, retail shops & KC Regional Justice Center. City of Kent continues its steady growth & revitalization of the downtown core. Property has 1 duplex facing 4th Ave. & 2nd one faces Cloudy St. Property borders rear parking lot of Showare Center home of The Seattle Thunderbirds with a nice pedestrian buffer. Fully remodeled!

Last Agent to Sell the Property

Vasi Nemes, Jr.

206 REALTY LLC License #25874 Listed on: 12/29/2020

Co-Listed By

Andreea Mogovan

HomeSmart Real Estate Assoc License #134801

Last Buyer's Agent

Elie Saad

Best Choice Realty LLC License #121992

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1712425

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,855

Year Built

  • Built in 1942 | Remodeled

Lot Details

  • 0.48 Acre Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,210 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Territorial Views

Parking

  • 8 Parking Spaces
  • Open Parking

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • Downtown Kent Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1322049144

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,855

Year Built

Built in 1942 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1942
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3210
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 352

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Kent
  • WaterCompany: City of Kent
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Multi-Family

Schools

  • Junior High Dist: Kent

Lot Info

  • Parcel Number: 1322049144
  • Lot Size Acres: 0.4809
  • Lot Size Sq Ft: 20950
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 6850

Tax Info

  • Year: 2020

Multi Family

  • Number Of Units Total: 4
  • Leasable Area: 3210
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2020
Closed on
Feb 16, 2021
Sold by
Luta Maria E and Luta Losif
Bought by
Abousleiman Rabih and Abousleiman Rami
Seller's Agent
Vasi Nemes, Jr.
206 REALTY LLC
Buyer's Agent
Elie Saad
Best Choice Realty LLC
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Current Estimated Value
$905,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$194,593
Avg. Annual Appreciation
1.45%
Original Mortgage
$825,000
Outstanding Balance
$749,003
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$423,804

Purchase Details

Closed on
Dec 1, 2020
Sold by
525 Cloudy Llc
Bought by
Luta Iosif and Luta Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2020
Sold by
Luta Maria and Luta Losif
Bought by
525 Cloudy Llc

Purchase Details

Listed on
May 9, 2018
Closed on
Aug 28, 2018
Sold by
Warren Gerald Lee and Warren Michelle D
Bought by
Luta Maria and Luta Iosif
Seller's Agent
Lori Bakken
Redfin
Buyer's Agent
Vasi Nemes, Jr.
206 REALTY LLC
List Price
$685,000
Sold Price
$525,000
Premium/Discount to List
-$160,000
-23.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.34%
Original Mortgage
$393,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2008
Sold by
Warren Gerald Lee and Warren Michelle D
Bought by
City Of Kent

Purchase Details

Closed on
Sep 25, 1992
Sold by
Oliver Dianne E
Bought by
Warren Gerald Lee and Warren Michelle D

Purchase Details

Closed on
Apr 9, 1991
Sold by
Oliver Gregory B
Bought by
Olivr Dianne E
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Abousleiman Rabih $1,100,000 Cw Title
Luta Iosif -- Wfg Natl Ttl Co Of Wa Llc
525 Cloudy Llc -- None Available
Luta Maria $525,000 Cw Title
Warren Gerald Lee $163,900 --
Olivr Dianne E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abousleiman Rabih $825,000
Previous Owner Luta Iosif $510,000
Previous Owner Luta Maria $393,750
Previous Owner Warren Gerald Lee $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2021 02/19/21 Sold $1,100,000 -4.3% $343 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
12/29/2020 12/29/20 For Sale $1,150,000 +119.0% $358 / Sq Ft
09/05/2018 09/05/18 Sold $525,000 -23.4% $164 / Sq Ft
07/28/2018 07/28/18 Pending -- -- --
05/11/2018 05/11/18 For Sale $685,000 0.0% $213 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
05/09/2018 05/09/18 For Sale $685,000 -- $213 / 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 $6,855 $657,000 $187,000 $470,000
2023 $7,080 $585,000 $187,000 $398,000
2022 $6,479 $663,000 $230,000 $433,000
2021 $5,826 $529,000 $186,000 $343,000
2020 $5,551 $452,000 $159,000 $293,000
2018 $4,902 $401,000 $127,000 $274,000
2017 $4,405 $355,000 $121,000 $234,000
2016 $4,407 $321,000 $147,000 $174,000
2015 $4,080 $306,000 $140,000 $166,000
2014 -- $276,000 $140,000 $136,000
2013 -- $248,000 $140,000 $108,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1712425

Northwest Multiple Listing Service (NWMLS)

APN: 132204-9144