Listed by Skyline Properties, Inc., Bought with Crosby & Co Real Estate
NOT LISTED FOR SALE

700 W Maple St Unit 1-28 Monroe, WA 98272

Monroe Area
7 Beds
4 Baths
25,472 Sq Ft
2.04 Acre Lot

Sale Details

Date Sold: September 12, 2016

Last sale price $2,885,000 $113 Per Sq Ft

10 Days on Market

Highlights

  • 2.04 Acre Lot
  • Thermal Windows
  • Patio
  • Mountain View
  • Cul-De-Sac
  • Partially Fenced Property

About This Home

As of September 2016

Perfect Value Add Opportunity!! Full of potential! Current Cap Rate 4.8 Pro-Forma Cap Rate 7.5%. 28 Units + One Office- 20 Two Bedroom/1 Bath and 8 three bedroom/2 Bath units Large Property over 2 acres set back on private Cul-de-sac. 36% off all housing in the area is renter occupied. 5 minutes to downtown shopping, freeway and schools. Property is 100% occupied and includes amenities such as two playgrounds, coin operated laundry.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 05/16/2016

Skyline Properties, Inc.

Co-Listed By

Dan Swanson

Kidder Mathews License #13533

Last Buyer's Agent

David Yuchasz

Crosby & Co Real Estate License #25170

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 940563

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,098

Year Built

  • Built in 1982

Lot Details

  • 2.04 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Parking

  • Open Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 25,472 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Mountain Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Monroe High School

Utilities

  • Cable TV Available

Community Details

  • Monroe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27060100202300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,098

Year Built

Built in 1982

Lot Details

2.04 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1982
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 25472
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Playground,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Lot Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 50

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 27060100202300
  • Lot Size Acres: 2.04
  • Lot Size Sq Ft: 88862
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Outbuildings,Patio
  • MLSLotSizeSource: realist
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 27162

Tax Info

  • Year: 2016
  • Tax Annual Amount: 26098

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 3304
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2026
Sold by
Sage-Monroe 1 Llc
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,348,000
Outstanding Balance
$5,145,064
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2022
Sold by
Monroe Athena Apartments Llc
Bought by
Sage-Monroe 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,100
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2020
Sold by
Athena Equity Partners Llc
Bought by
Monroe Athena Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,675,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
May 16, 2016
Closed on
Sep 8, 2016
Sold by
Athena Properties Llc
Bought by
Athena Equity Partners Llc
Seller's Agent
Donna Marshall
Skyline Properties, Inc.
Buyer's Agent
David Yuchasz
Crosby & Co Real Estate
List Price
$2,885,000
Sold Price
$2,885,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,334,728
Interest Rate
3.48%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 15, 2003
Sold by
Addicott Rodney A and Addicott Loretta P
Bought by
Athena Properties Llc

Purchase Details

Closed on
Mar 22, 2002
Sold by
Monroe Associates
Bought by
Addicott Rodney A and Addicott Loretta P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,125
Interest Rate
6.84%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Monroe, WA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$7,545,650 Chicago Title
Sage-Monroe 1 Llc -- Chicago Title
Monroe Athena Apartments Llc $4,895,800 Monroe Athena Apartments Llc
Athena Equity Partners Llc $2,880,000 Fidelity Natl Title Wa Inc
Athena Properties Llc -- --
Addicott Rodney A $1,029,500 Lawyers Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $5,348,000
Previous Owner Sage-Monroe 1 Llc $409,100
Previous Owner Monroe Athena Apartments Llc $3,675,000
Previous Owner Athena Equity Partners Llc $2,334,728
Previous Owner Addicott Rodney A $772,125
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/12/2016 09/12/16 Sold $2,885,000 0.0% $113 / Sq Ft
06/04/2016 06/04/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $2,885,000 -- $113 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $38,803 $4,958,000 $1,055,400 $3,902,600
2025 $41,300 $5,111,000 $1,012,900 $4,098,100
2024 $41,300 $5,111,000 $994,100 $4,116,900
2023 $30,213 $4,056,000 $911,100 $3,144,900
2022 $31,303 $3,352,000 $718,100 $2,633,900
2020 $21,125 $2,180,000 $552,400 $1,627,600
2019 $20,518 $2,090,000 $457,400 $1,632,600
2018 $24,204 $2,020,000 $424,700 $1,595,300
2017 $19,471 $1,700,000 $424,700 $1,275,300
2016 $18,917 $1,520,000 $392,000 $1,128,000
2015 $18,784 $1,420,000 $392,000 $1,028,000
2013 $17,354 $1,200,000 $392,000 $808,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 940563

Northwest Multiple Listing Service (NWMLS)
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