Listed by BHHS Leavenworth&Cascade Prop, Bought with The Preview Group
NOT LISTED FOR SALE

618 12th St NE East Wenatchee, WA 98802

Estimated Value: $635,000 - $696,000

6 Beds
4 Baths
3,024 Sq Ft
$223/Sq Ft Est. Value

Last Sold August 08, 2024

Last sale price $655,000 $217 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,596/month

3 Days on Market

Highlights

  • Deck
  • No HOA
  • Partially Fenced Property
  • Territorial View
  • Central Air
  • Wood Siding

About This Home

As of August 2024

Attention first-time investors! This lovingly maintained duplex offers two spacious 1,500+ sq. ft three-bedroom, two-bathroom units conveniently located close to parks, schools, and East Wenatchee amenities. These thoughtful, split-level floor plans provide soaring vaulted living rooms, sunny kitchen/dining areas with adjacent sundecks, two main-level bedrooms with a shared bath, and a lower-level family room with a third private bedroom and full bath housed downstairs. Each unit includes a single-car garage, easy-care landscaping, and ample off-street parking. Live in one unit and rent the other...build your rental portfolio today!

Last Agent to Sell the Property

Lynn Stoddard

BHHS Leavenworth&Cascade Prop License #17317 Listed on: 07/03/2024

BHHS Leavenworth&Cascade Prop

Co-Listed By

Dwight Stoddard

BHHS Leavenworth&Cascade Prop License #17318

Last Buyer's Agent

Sok Cheng

The Preview Group License #126218

The Preview Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2260284

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,249

Year Built

  • Built in 1985

Lot Details

  • 10,454 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,024 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Mulhall Sub Condos
  • East Wenatchee Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 74100002400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,249

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1985
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Mulhall SUB
  • New Construction: No
  • CalculatedSquareFootage: 3024
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: Central A/C
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • WaterSewerGarbage: 3598

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 74100002400
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: Assesor
  • MLSSquareFootageSource: County Records
  • LotNumber: 24

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 2
  • LeasedItems: None
  • TotalMonthlyIncome: 4600

Multi Family

  • Gross Scheduled Income: 235000
  • Net Operating Income: 3204
  • Number Of Units Total: 3
  • Electric Expense: 1508
  • Insurance Expense: 4076
  • Leasable Area: 3024
  • EnergySource: Electric
  • UnitsBelowGrade: true
  • VacancyRate: 625

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5249

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2024
Closed on
Aug 8, 2024
Sold by
Forsberg Stephen D and Forsberg Lisa M
Bought by
Kim Daniel and Shim Jae
Seller's Agent
Lynn Stoddard
BHHS Leavenworth&Cascade Prop
Buyer's Agent
Sok Cheng
The Preview Group
List Price
$599,000
Sold Price
$655,000
Premium/Discount to List
$56,000
9.35%
Views
11
Current Estimated Value
$674,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,696
Avg. Annual Appreciation
4.07%
Original Mortgage
$491,250
Outstanding Balance
$486,564
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$198,614

Purchase Details

Listed on
Jul 3, 2024
Closed on
Aug 7, 2024
Sold by
Shim Lisa
Bought by
Shim Jae
Seller's Agent
Lynn Stoddard
BHHS Leavenworth&Cascade Prop
Buyer's Agent
Sok Cheng
The Preview Group
List Price
$599,000
Sold Price
$655,000
Premium/Discount to List
$56,000
9.35%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$491,250
Outstanding Balance
$486,564
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$198,614

Purchase Details

Closed on
Mar 12, 2019
Sold by
Forsberg Kristie A
Bought by
Forsberg Stephen D and Forsberg Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
4.4%
Mortgage Type
New Conventional
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
Kim Daniel $655,000 Fig Title
Shim Jae -- Fig Title
Kim Daniel -- Fig Title
Forsberg Stephen D $196,256 Central Wa Ttl Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Daniel $491,250
Previous Owner Forsberg Stephen D $177,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $655,000 +9.3% $217 / Sq Ft
07/06/2024 07/06/24 Pending -- -- --
07/03/2024 07/03/24 For Sale $599,000 -- $198 / 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 $400 $575,600 $100,000 $475,600
2024 $5,285 $584,400 $100,000 $484,400
2023 $5,531 $528,800 $100,000 $428,800
2022 $4,941 $447,500 $80,000 $367,500
2021 $4,449 $447,500 $80,000 $367,500
2020 $4,264 $369,500 $72,000 $297,500
2018 $3,986 $326,800 $60,000 $266,800
2017 $3,530 $326,800 $60,000 $266,800
2016 $2,721 $313,800 $60,000 $253,800
2015 $2,838 $243,900 $60,000 $183,900
2014 -- $243,900 $60,000 $183,900
2013 -- $243,900 $60,000 $183,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2260284

Northwest Multiple Listing Service (NWMLS)

APN: 74-10-00-02400