NOT LISTED FOR SALE

738 15th St Washougal, WA 98671

Estimated Value: $734,000 - $805,000

8 Beds
4 Baths
3,120 Sq Ft
$244/Sq Ft Est. Value

Last Sold July 31, 2024

Last sale price $801,000 $257 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,687/month

7 Days on Market

Highlights

  • High Speed Internet
  • Heating System Mounted To A Wall or Window
  • 1-Story Property
  • Level Lot

About This Home

As of July 2024

Fantastic Opportunity! A 4-unit ranch duplex with updated features and great amenities nearby definitely has the potential for solid cash flow. The combination of 2 bedrooms and 1 bath is appealing for renters, and the low maintenance aspect is a big plus for landlords. Backyard and patio space. Being close to parks, river, shopping, and schools adds to its attractiveness. It sounds like a great option for both seasoned investors looking to expand their portfolio and newcomers looking to start investing in real estate. Taking advantage of such opportunities can definitely pave the way for a successful investment journey!

Last Agent to Sell the Property

Leah Higgins

Berkshire Hathaway HomeServices NW Real Estate Brokerage Phone: 360-798-1502 License #87500 Listed on: 06/13/2024

Berkshire Hathaway HomeServices NW Real Estate

Last Buyer's Agent

Jessica Coles

MORE Realty, Inc License #23002641

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,271

Year Built

  • Built in 1977 | Remodeled

Lot Details

  • 0.3 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Metal Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,120 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Driveway

Schools

  • Hathaway Elementary School
  • Jemtegaard Middle School
  • Washougal High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes electricity, heat, ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 071880000

Community Details

Overview

  • 4 Units
  • Property managed by RPM

Building Details

  • Operating Expense $25,000
  • Gross Income $73,800
  • Net Operating Income $48,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,271

Year Built

Built in 1977 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1977
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: MetalSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Gravel, Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway
  • Attached Garage: No
  • Total Parking Spaces: 8.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,DSL
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: RPM
  • Management Phone: 360-883-4881

Schools

  • Elementary School: Hathaway
  • High School: Washougal
  • Middle Or Junior School: Jemtegaard

Lot Info

  • Zoning: MULTIFA
  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068.0
  • Parcel #: 071880000

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Electricity, Heat, MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 6270.65

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 10.5
  • Annual Gross Income: 73800.0
  • Property Net Operating Income: 48800.0
  • Annual Operating Expense: 25000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2024
Closed on
Jul 29, 2024
Sold by
Zeigler Lauren E and Adams Lauren E
Bought by
Townsend Steven and Townsend Lotse
Seller's Agent
Leah Higgins
Berkshire Hathaway HomeServices NW Real Estate
Buyer's Agent
Jessica Coles
MORE Realty, Inc
List Price
$774,997
Sold Price
$801,000
Premium/Discount to List
$26,003
3.36%
Views
13
Current Estimated Value
$759,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,150
Avg. Annual Appreciation
-4.81%
Original Mortgage
$450,562
Outstanding Balance
$447,469
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$312,381

Purchase Details

Closed on
Jun 23, 2005
Sold by
Adams Michael
Bought by
Zeiger Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,900
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 9, 2004
Sold by
Deutsche Bank Trust Co Americas
Bought by
Kau Marvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2004
Sold by
Kau Joyce D
Bought by
Kau Marvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2004
Sold by
Davis Robert G and Davis Micci J
Bought by
Deutsche Bank & Trust Co Americas

Purchase Details

Closed on
Apr 29, 1999
Sold by
Woltersdorf Douglas and Woltersdorf Andrea
Bought by
Davis Robert and Davis Micci J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,050
Interest Rate
7.76%
Mortgage Type
Purchase Money Mortgage
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
Townsend Steven $801,000 First American Title
Zeiger Lauren -- Clark County Title Co
Zeiger Lauren E $399,900 Clark County Title Co
Kau Marvin -- Clark County Title Co
Kau Marvin $245,000 Clark County Title
Kau Marvin -- Clark County Title
Deutsche Bank & Trust Co Americas $213,756 First American Title
Davis Robert $257,897 Clark County Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Townsend Steven $450,562
Previous Owner Zeiger Lauren E $319,900
Previous Owner Kau Marvin $183,750
Previous Owner Davis Robert $193,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $801,000 +3.4% $257 / Sq Ft
06/21/2024 06/21/24 Pending -- -- --
06/13/2024 06/13/24 For Sale $774,997 -- $248 / 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 $6,564 $692,200 $96,250 $595,950
2024 $6,271 $692,200 $132,825 $559,375
2023 $5,338 $576,800 $110,688 $466,112
2022 $5,349 $576,800 $110,688 $466,112
2021 $5,297 $501,600 $96,250 $405,350
2020 $5,215 $466,070 $81,125 $384,945
2019 $4,484 $466,070 $81,125 $384,945
2018 $5,077 $423,700 $0 $0
2017 $4,566 $396,000 $0 $0
2016 $4,458 $391,200 $0 $0
2015 $4,074 $349,250 $0 $0
2014 -- $317,500 $0 $0
2013 -- $317,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24102301

Regional Multiple Listing Service (RMLS)

APN: 071880-000