K
Seller's Agent in 2023
Kyle Simon
Global Real Estate Group
(206) 228-6043
2 in this area
6 Total Sales
Listed by Global Real Estate Group, Bought with Redfin
729 1st Ave S Kent, WA 98032
South Kent NeighborhoodEstimated Value: $1,127,000 - $1,254,000
--
Bed
--
Bath
3,992
Sq Ft
$297/Sq Ft
Est. Value
Highlights
- No HOA
- Vinyl Plank Flooring
- Gated Home
- Patio
- High Speed Internet
- Property is in very good condition
About This Home
As of August 2023Huge cash flowing property!! ZERO owner utility expense, tenants pay all utilities. Maintained meticulously; hard to find Townhome style units w/ convenient half bath on main floor. Spacious units feel & rent like 3 bdrms due to an original partition wall in all units (closet & egress included). Always rent fast & stay rented! Each unit with its own patio & fully fenced private yard. Prime location in Kent! One of the largest industrial corridors in the nation is just two minutes away. A job hub that provides over 100,000 jobs to local residents! Rental income exceeds $110k at market rents. Room for future improvement with a permit for a 3rd bdrm. Turn key, cash flowing asset. (May be purchased with adjacent building MLS: 2039429)
Last Agent to Sell the Property
Global Real Estate Group License #27563 Listed on: 03/01/2023
Last Buyer's Agent
Sue Dhillon
Redfin License #87708
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2039401
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,400
Year Built
- Built in 1979
Lot Details
- 9,329 Sq Ft Lot
- Lot Dimensions are 161.5x57
- Gated Home
- Property is Fully Fenced
- Property is in very good condition
Home Design
- Quadruplex
- Poured Concrete
- Composition Roof
- Vinyl Construction Material
Interior Spaces
- 3,992 Sq Ft Home
- 2-Story Property
Flooring
- Wall to Wall Carpet
- Laminate
- Vinyl Plank
Parking
- 10 Parking Spaces
- Open Parking
Outdoor Features
- Patio
Utilities
- Heating System Mounted To A Wall or Window
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Kent Subdivision
Listing and Financial Details
- Assessor Parcel Number 9197100323
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 10, 2022
Closed on
Feb 18, 2022
Sold by
Gyotoku Lance Y K and Gyotoku Rose K
Bought by
Wa Prop 9 Llc
Seller's Agent
Marius Ion
COMPASS
Buyer's Agent
Marius Ion
COMPASS
List Price
$849,998
Sold Price
$950,000
Premium/Discount to List
$100,002
11.76%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,872
Avg. Annual Appreciation
5.53%
Original Mortgage
$824,750
Outstanding Balance
$774,518
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$371,130
Purchase Details
Closed on
Mar 19, 2021
Sold by
729 Louis Ann Llc
Bought by
Gyotoku Lance Y K and Gyotoku Rose K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,400
Interest Rate
2.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 22, 2004
Sold by
Gyotoku Lance Y K and Gyotoku Rose K
Bought by
729 Louis Ann Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.62%
Purchase Details
Closed on
Oct 20, 2004
Sold by
Potter Terry A and Potter Rebecca J
Bought by
Gyotoku Lance Y K and Gyotoku Rose K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.62%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wa Prop 9 Llc | $950,000 | New Title Company Name | |
| Gyotoku Lance Y K | -- | Amrock Llc | |
| 729 Louis Ann Llc | -- | -- | |
| Gyotoku Lance Y K | $400,000 | Ticor National |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wa Prop 9 Llc | $824,750 | |
| Previous Owner | Gyotoku Lance Y K | $258,400 | |
| Previous Owner | Gyotoku Lance Y K | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2023 08/15/23 | Sold | $1,150,000 | -7.9% | $288 / Sq Ft |
| 06/08/2023 06/08/23 | Pending | -- | -- | -- |
| 04/28/2023 04/28/23 | For Sale | $1,249,000 | 0.0% | $313 / Sq Ft |
| 03/12/2023 03/12/23 | Pending | -- | -- | -- |
| 03/01/2023 03/01/23 | For Sale | $1,249,000 | +31.5% | $313 / Sq Ft |
| 02/24/2022 02/24/22 | Sold | $950,000 | +11.8% | $238 / Sq Ft |
| 02/10/2022 02/10/22 | Pending | -- | -- | -- |
| 02/10/2022 02/10/22 | For Sale | $849,998 | -- | $213 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $12,614 | $1,161,000 | $155,000 | $1,006,000 |
| 2023 | $11,473 | $951,000 | $155,000 | $796,000 |
| 2022 | $10,400 | $1,027,000 | $150,000 | $877,000 |
| 2021 | $9,679 | $804,000 | $150,000 | $654,000 |
| 2020 | $8,376 | $717,000 | $150,000 | $567,000 |
| 2018 | $6,965 | $551,000 | $113,000 | $438,000 |
| 2017 | $5,944 | $467,000 | $113,000 | $354,000 |
| 2016 | $5,575 | $405,000 | $93,200 | $311,800 |
| 2015 | -- | $362,000 | $90,000 | $272,000 |
| 2014 | -- | $336,000 | $90,000 | $246,000 |
| 2013 | -- | $364,000 | $80,000 | $284,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
S
Buyer's Agent in 2023
Sue Dhillon
Redfin
-
Seller's Agent in 2022
Marius Ion
COMPASS
(425) 466-7876
2 in this area
166 Total Sales
-
D
Seller Co-Listing Agent in 2022
Duy Hoang
COMPASS
(425) 628-4368
2 in this area
53 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2039401
APN: 919710-0323
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Based on information submitted to the MLS GRID
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