NOT LISTED FOR SALE

702 S Ash St Centralia, WA 98531

Estimated Value: $307,340 - $415,000

4 Beds
4 Baths
1,920 Sq Ft
$188/Sq Ft Est. Value

Last Sold September 25, 2018

Last sale price $200,000 $104 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,233/month

3 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Wood Siding
  • Territorial View
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of September 2018

Investors Alert! Well priced duplexes don't come along often...seller says sell! Each unit is 3 bed w/ 1.75 bath with carports/storage and fenced rear yards. Perfectly located near Centralia College and downtown, this property is consistently rented, fully occupied at this time on month to month agreements. Cap Rate at 7.3, Gross Rent Multiplier at 11....the numbers are great! This is a money maker!

Last Agent to Sell the Property

Phil Harlan

Keller Williams South Sound License #2596 Listed on: 08/06/2018

Keller Williams South Sound

Last Buyer's Agent

Chris Weaver

Dream Weavers Inc. License #92391

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1341363

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,013

Year Built

  • Built in 1962

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x127x102x146
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Centralia Mid Middle School
  • Centralia High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Centralia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 003563001000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,013

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1920
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 285

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Lewis Co PUD
  • SewerCompany: City of Centralia
  • WaterCompany: City of Centralia
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Centralia
  • High School: Centralia High
  • Middle Or Junior School: Centralia Mid

Lot Info

  • Parcel Number: 003563001000
  • Lot Size Acres: 0.34
  • Lot Size: 100x127x102x146
  • Lot Size Sq Ft: 14810
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 19200

Multi Family

  • Gross Scheduled Income: 19200
  • Net Operating Income: 15377
  • Number Of Units Total: 2
  • Insurance Expense: 850
  • Leasable Area: 1920
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2018
  • Tax Annual Amount: 2013

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2018
Closed on
Sep 12, 2018
Sold by
Bue Alpha L
Bought by
Erwin Luke A and Erwin Angela N
Seller's Agent
Phil Harlan
Keller Williams South Sound
Buyer's Agent
Chris Weaver
Dream Weavers Inc.
List Price
$210,000
Sold Price
$200,000
Premium/Discount to List
-$10,000
-4.76%
Total Days on Market
3
Current Estimated Value
$361,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,170
Avg. Annual Appreciation
9.88%
Original Mortgage
$150,000
Outstanding Balance
$131,877
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$244,737

Purchase Details

Closed on
Dec 7, 2011
Sold by
Cate Cynthia A
Bought by
Bue Alpha L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,600
Interest Rate
4.06%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Erwin Luke A $200,000 Lewis County Title
Bue Alpha L $159,500 Title Guaranty
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Erwin Luke A $150,000
Previous Owner Bue Alpha L $119,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2018 09/25/18 Sold $200,000 -4.8% $104 / Sq Ft
08/09/2018 08/09/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $210,000 -- $109 / 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 $2,586 $394,100 $80,000 $314,100
2023 $2,713 $329,900 $80,000 $249,900
2022 $2,571 $259,600 $45,300 $214,300
2021 $1,962 $259,600 $45,300 $214,300
2020 $2,184 $220,700 $43,600 $177,100
2019 $1,930 $193,900 $38,100 $155,800
2018 $2,013 $164,500 $32,300 $132,200
2017 $1,604 $150,800 $32,300 $118,500
2016 $1,476 $158,700 $34,000 $124,700
2015 $1,364 $143,900 $36,400 $107,500
2013 $1,364 $143,900 $36,400 $107,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1341363

Northwest Multiple Listing Service (NWMLS)

APN: 003563-001-000