NOT LISTED FOR SALE

Estimated Value: $778,000 - $998,000

-- Bed
-- Bath
3,500 Sq Ft
$253/Sq Ft Est. Value

Last Sold November 01, 2016

Last sale price $477,500 $136 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,467/month

3 Days on Market

Highlights

  • Level Lot
  • Wood Siding
  • Wall Furnace

About This Home

As of November 2016

Great downtown location & potential assumable loan (currently 2.75%),Rare downtown investment opportunity! Arnada Park, near freeway, downtown amenities. Strong income!Low turnover. Professional mgmt. in place! Tasteful upgrades in recent years and exterior paint!

Last Agent to Sell the Property

YouQian Chen

YQC Properties LLC License #49978 Listed on: 08/18/2016

Last Buyer's Agent

Scott Hall

Keller Williams Realty Professionals License #25883

Keller Williams Realty Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,674

Year Built

  • Built in 1975

Lot Details

  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • 6 Parking Spaces
  • Paved Parking
  • Assigned Parking

Schools

  • Hough Elementary School
  • Discovery Middle School
  • Hudsons Bay High School

Utilities

  • No Cooling
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 041500000

Community Details

Overview

  • 4 Units
  • Arnada Park Subdivision
  • Property managed by YQC Properties LLC

Building Details

  • Operating Expense $7,500
  • Gross Income $38,640
  • Net Operating Income $31,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,674

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1975
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: No
  • Lot Features: Level
  • Disclosures: Exempt
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, Paved
  • Attached Garage: No
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: YQC Properties LLC
  • Management Phone: 360-798-1918

Schools

  • Elementary School: Hough
  • High School: Hudsons Bay
  • Middle Or Junior School: Discovery

Lot Info

  • Zoning: R-18
  • Parcel #: 041500000

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 3674.4

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.59
  • Annual Gross Income: 38640.0
  • Property Net Operating Income: 31140.0
  • Annual Operating Expense: 7500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2016
Closed on
Oct 28, 2016
Sold by
Harris Julie A
Bought by
Harris Seth W
Seller's Agent
YouQian Chen
YQC Properties LLC
Buyer's Agent
Scott Hall
Keller Williams Realty Professionals
List Price
$486,500
Sold Price
$477,500
Premium/Discount to List
-$9,000
-1.85%
Current Estimated Value
$884,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,151
Avg. Annual Appreciation
6.50%
Original Mortgage
$358,125
Outstanding Balance
$292,039
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$534,969

Purchase Details

Listed on
Aug 18, 2016
Closed on
Oct 26, 2016
Sold by
Graves Courtney M
Bought by
Graves Jonathan R
Seller's Agent
YouQian Chen
YQC Properties LLC
Buyer's Agent
Scott Hall
Keller Williams Realty Professionals
List Price
$486,500
Sold Price
$477,500
Premium/Discount to List
-$9,000
-1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,125
Outstanding Balance
$292,039
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$534,969

Purchase Details

Closed on
Mar 6, 2006
Sold by
Cotter Carol Lee
Bought by
Carol Lee Cotter Revocable Trust

Purchase Details

Closed on
Jan 6, 2005
Sold by
Mataczynski Tim P and Mataczynski Nelda A
Bought by
Cotter Carol Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2001
Sold by
Mataczynski Tim P and Mataczynski Nelda A
Bought by
Mataczynski Tim P and Mataczynski Nelda A
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
Harris Seth W -- First Amer Title Vancouver
Harris Seth W $477,500 First Amer Title Vancouver
Graves Jonathan R -- First Amer Title Vancouver
Carol Lee Cotter Revocable Trust -- None Available
Cotter Carol Lee $220,000 Chicago Title Insurance
Mataczynski Tim P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Seth W $358,125
Previous Owner Cotter Carol Lee $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2016 11/01/16 Sold $477,500 -1.8% $136 / Sq Ft
08/20/2016 08/20/16 Pending -- -- --
08/17/2016 08/17/16 For Sale $486,500 -- $139 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $6,803 $697,000 $170,500 $526,500
2024 $6,514 $697,000 $170,500 $526,500
2023 $5,900 $633,600 $155,000 $478,600
2022 $5,215 $633,600 $155,000 $478,600
2021 $5,270 $521,600 $139,650 $381,950
2020 $5,086 $496,800 $133,000 $363,800
2019 $3,975 $496,800 $133,000 $363,800
2018 $4,433 $402,100 $0 $0
2017 $3,792 $372,300 $0 $0
2016 $3,674 $332,400 $0 $0
2015 $3,599 $307,800 $0 $0
2014 -- $285,000 $0 $0
2013 -- $285,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16328248

Regional Multiple Listing Service (RMLS)

APN: 041500-000