Listed by Keller Williams-Premier Prtnrs, Bought with Century 21 Northstar
NOT LISTED FOR SALE

6 Totem Ln Longview, WA 98632

Estimated Value: $506,000 - $990,291

25 Beds
9 Baths
-- Sq Ft
8.95 Acres Lot

Sale Details

Date Sold: March 12, 2020

Last sale price $2,500,000

Current estimated payment $4,935 / mo

414 Days on Market

Highlights

  • RV Access or Parking
  • Canal Access
  • Thermal Windows
  • Waterfront
  • Canal View
  • Open Space

About This Home

As of March 2020

Amazing Opportunity. Private 8.9 acre rental income property. Eighteen Houses including One Duplex on 4 tax parcels for 19 doors total. Fully rented & occupied w/ many long term tenants grossing $16,925 in monthly rents. Tenants pay all utilities. Many of the homes have been updated w/ Vinyl windows & more. This unique property also features a build-able development opportunity w/ more than 2 acres of build-able open space. Plus three on-site storage buildings. Plentiful parking and green space.

Last Agent to Sell the Property

Mike Wallin

Keller Williams-Premier Prtnrs License #24264 Listed on: 12/19/2018

Keller Williams-Premier Prtnrs

Last Buyer's Agent

Carmen Mihai-Lazar

Century 21 Northstar License #130538

Century 21 Northstar

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1393873

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,948

Year Built

  • Built in 1966

Lot Details

  • 8.95 Acre Lot
  • Waterfront
  • Open Space
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Metal Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1-Story Property
  • Thermal Windows
  • Canal Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 17 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Canal Access
  • Outbuilding

Schools

  • Robert Gray Elementary School
  • Mt Solo Mid Middle School
  • Mark Morris High School

Community Details

  • West Longview Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0297001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,948

Year Built

Built in 1966

Lot Details

8.95 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1966
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition, Metal
  • View: Canal
  • Lot Features: Open Space, Paved
  • View: Yes
  • Waterfront Features: Canal Access
  • Waterfront: Yes
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 17
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 37

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Cowlitz PUD
  • SewerCompany: City of Longview
  • WaterCompany: City of Longview

Schools

  • Junior High Dist: Longview
  • High School: Mark Morris High
  • Middle Or Junior School: Mt Solo Mid

Lot Info

  • Parcel Number: 0297001
  • Lot Size Acres: 8.9479
  • Lot Size Sq Ft: 389771
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Outbuildings,RV Parking,Shop
  • MLSLotSizeSource: Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 16925

Tax Info

  • Year: 2018
  • Tax Annual Amount: 18948

Multi Family

  • Number Of Units Total: 7
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Robert Gray Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2021
Sold by
Lazareed Llc
Bought by
Tqtemln Llc
Current Estimated Value
$771,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,048,434
Outstanding Balance
$1,850,557
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$1,078,793

Purchase Details

Listed on
Dec 19, 2018
Closed on
Mar 5, 2020
Sold by
Mary Lamm Limited Partnership
Bought by
Lazareed Llc
Seller's Agent
Mike Wallin
Keller Williams-Premier Prtnrs
Buyer's Agent
Carmen Mihai-Lazar
Century 21 Northstar
List Price
$2,500,000
Sold Price
$2,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.40%
Original Mortgage
$2,142,800
Interest Rate
3.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Tqtemln Llc -- Stewart Title Company
Lazareed Llc $2,500,000 Cascade Ttl Co Of Cowlitz Cn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tqtemln Llc $2,048,434
Previous Owner Lazareed Llc $2,142,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2020 03/12/20 Sold $2,500,000 0.0% --
02/06/2020 02/06/20 Pending -- -- --
10/15/2019 10/15/19 For Sale $2,500,000 0.0% --
09/04/2019 09/04/19 Pending -- -- --
12/19/2018 12/19/18 For Sale $2,500,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

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 $10,110 $1,169,750 $75,940 $1,093,810
2023 $11,096 $1,288,050 $75,940 $1,212,110
2022 $12,681 $1,315,950 $75,940 $1,240,010
2021 $14,203 $1,277,750 $75,940 $1,201,810
2020 $11,016 $1,289,170 $67,800 $1,221,370
2019 $8,751 $1,046,086 $61,640 $984,446
2018 $9,370 $810,780 $61,180 $749,600
2017 $7,999 $713,240 $58,270 $654,970
2016 $7,620 $618,460 $58,270 $560,190
2015 $8,077 $601,900 $58,270 $543,630
2013 -- $566,690 $56,570 $510,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1393873

Northwest Multiple Listing Service (NWMLS)

APN: 0-297001

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