Listed by John L. Scott R.E.Tacoma North, Bought with On Point Real Estate
NOT LISTED FOR SALE

616 618 NW Folsom St Chehalis, WA 98532

Estimated Value: $379,966

-- Bed
2 Baths
1,596 Sq Ft
$238/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $330,000 $207 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,266/month

4 Days on Market

Highlights

  • Deck
  • Patio
  • Wood Siding
  • Territorial View
  • High Speed Internet
  • Mini Split Air Conditioners

About This Home

As of December 2021

Investor Alert! Great location, walking distance to historical Westside Chehalis! Live in one unit and rent out the other unit or rent out both units. Recently remodeled, everything has been updated within the last year and a half. New vinyl windows, new paint inside and out, new carpet and laminate floors and updated plumbing and electrical and new torch down roof. Each unit has an efficient ductless mini split heating and cooling system. Laundry in both units. Parking for 2 cars around back and plenty of off street parking. Room for possible garage or mini storage. Don't miss this opportunity to own such a clean property with income potential!

Last Agent to Sell the Property

Tomio Blakey

John L. Scott R.E.Tacoma North License #104805 Listed on: 10/11/2021

John L. Scott R.E.Tacoma North

Last Buyer's Agent

Heather Calkins

On Point Real Estate License #108509

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1850164

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,605

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 1,596 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Mini Split Air Conditioners
  • High Speed Internet
  • Cable TV Available

Community Details

  • Chehalis Subdivision

Listing and Financial Details

  • Assessor Parcel Number 004246000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,605

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1900
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1596
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you for bringing your buyer!
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Industrial
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Torch Down
  • View: Territorial
  • Lot Features: Alley, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Block, Post & Block
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Lewis County PUD/PSE
  • SewerCompany: City of Chehalis
  • WaterCompany: City of Chehalis
  • WaterSewerGarbage: 2000

Condo/Co-op/Association

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

Fee Information

  • Annual Fuel Expense: 260

Schools

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

Lot Info

  • Parcel Number: 004246000000
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Industrial-Light

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2100

Multi Family

  • Gross Scheduled Income: 25200
  • Net Operating Income: 19235
  • Number Of Units Total: 2
  • Electric Expense: 100
  • Insurance Expense: 1000
  • Leasable Area: 1596
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1605

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2021
Closed on
Feb 9, 2022
Sold by
Ballard and Ingrid
Bought by
Four Loons Llc
Seller's Agent
Tomio Blakey
John L. Scott R.E.Tacoma North
Buyer's Agent
Heather Calkins
On Point Real Estate
List Price
$325,000
Sold Price
$330,000
Premium/Discount to List
$5,000
1.54%
Current Estimated Value
$379,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,966
Avg. Annual Appreciation
3.78%
Original Mortgage
$247,500
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 11, 2021
Closed on
Dec 15, 2021
Sold by
Pappas Larry W
Bought by
Ballard Michael and Ballard Ingrid
Seller's Agent
Tomio Blakey
John L. Scott R.E.Tacoma North
Buyer's Agent
Heather Calkins
On Point Real Estate
List Price
$325,000
Sold Price
$330,000
Premium/Discount to List
$5,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2018
Sold by
Lee Yi Tsan and Pappas Larry William
Bought by
Pappas Larry William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2010
Sold by
Nelson Sharon M
Bought by
Pappas Larry William
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
Four Loons Llc -- None Listed On Document
Ballard Michael $330,000 First American Title Ins Co
Pappas Larry William -- Lewis County Title
Pappas Larry William -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ballard Michael $247,500
Previous Owner Pappas Larry William $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $330,000 +1.5% $207 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $325,000 -- $204 / 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
2025 $3,014 $401,400 $95,800 $305,600
2024 $3,014 $401,400 $95,800 $305,600
2023 $2,738 $326,500 $64,600 $261,900
2022 $1,685 $175,700 $51,500 $124,200
2021 $1,605 $175,700 $51,500 $124,200
2020 $1,525 $153,500 $49,200 $104,300
2019 $1,308 $136,700 $49,200 $87,500
2018 $1,371 $128,500 $41,000 $87,500
2017 $1,263 $121,000 $41,000 $80,000
2016 $1,190 $108,200 $43,300 $64,900
2015 $1,048 $101,900 $37,000 $64,900
2013 $1,048 $101,000 $37,000 $64,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1850164

Northwest Multiple Listing Service (NWMLS)

APN: 004246-000-000