NOT LISTED FOR SALE

Estimated Value: $399,000 - $9,691,000

6 Beds
6 Baths
30,498 Sq Ft
$89/Sq Ft Est. Value

Last Sold March 15, 2016

Last sale price $4,900,000 $161 Per Sq Ft

Est. 46% decrease in value since last sale

Current estimated payment $14,753/month

Highlights

  • Fireplace
  • Attached Garage
  • Level Lot

About This Home

As of March 2016

Great investment opportunity - 21 Newly Built Units Available! 3 Triplex buildings & 3 Fourplex buildings. Each unit features: Greatrm w/FP, kitchen w/slab granite, pantry. Upstairs: Master w/Walk-In closet, granite dbl vanity, tile floors. 2 addt'l bedrms, full bath, utility & flex space.Units include: blinds, range, dishwasher, disposal, garage door opener, landscape, AC. 100% Occupied & Prof. Managed. No Sign - pleaseDND tenants.

Last Agent to Sell the Property

Patrick Ginn

Ginn Group License #24353 Listed on: 02/19/2016

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,082

Year Built

  • Built in 2015

Lot Details

  • 3,572

Parking

  • Attached Garage

Interior Spaces

  • 2-Story Property
  • Fireplace

Kitchen

  • Range
  • Dishwasher

Additional Features

  • Level Lot
  • Electric Water Heater

Community Details

  • 21 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,082

Year Built

Built in 2015

Lot Details

0

Parking

33

Listing Details

  • Property Category: MultiFamily
  • Sq Ft Approximate Building Total: 30498
  • Stories: 2
  • Year Built: 2015
  • Year Built Description: New Construction
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Foundation: Crawl Space
  • Legal Description: COVINGTON MANOR HOMES LOT 15-17, 22-27, 32-43 311632
  • Storage: Garage(s)

Exterior Features

  • Exterior Description: Cement Siding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Roof Type: Composition

Garage/Parking

  • Garage Or Parking Spaces: 33
  • Parking Description: Attached, Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Central Air
  • Heating Description: Forced Air

Condo/Co-op/Association

  • Unit Features: Dishwasher, Fireplace, Range, Air Conditioning

Schools

  • Elementary School: Sunset
  • Middle School: Covington
  • High School: Heritage

Lot Info

  • Lot Description: Level
  • Zoning: R-30

Tax Info

  • Tax Amount: 37152.36
  • Assessor Parcel Number: 986026719

Multi Family

  • Unit Type: 1, 2
  • Number Of Units Total: 21
  • Gross Rent Multiplier: 13.35

MLS Schools

  • Elementary School: Sunset
  • High School: Heritage
  • Middle School: Covington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2016
Closed on
Mar 11, 2016
Sold by
Covington Manor Rentals Llc
Bought by
Lippert Heatherbrae Llc
Seller's Agent
Patrick Ginn
Ginn Group
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$4,950,000
Sold Price
$4,900,000
Premium/Discount to List
-$50,000
-1.01%
Current Estimated Value
$2,647,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,252,371
Avg. Annual Appreciation
-6.83%
Original Mortgage
$2,326,050
Outstanding Balance
$1,866,034
Interest Rate
3.65%
Mortgage Type
Unknown
Estimated Equity
$651,011

Purchase Details

Listed on
Feb 19, 2016
Closed on
Jan 19, 2016
Sold by
Covington Manor Investments Llc
Bought by
Covington Manor Rentals Llc
Seller's Agent
Patrick Ginn
Ginn Group
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$4,950,000
Sold Price
$4,900,000
Premium/Discount to List
-$50,000
-1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,326,050
Outstanding Balance
$1,866,034
Interest Rate
3.65%
Mortgage Type
Unknown
Estimated Equity
$651,011

Purchase Details

Closed on
Oct 10, 2012
Sold by
Z Street Properties Llc
Bought by
Covington Manor Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$923,750
Interest Rate
3.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 14, 2012
Sold by
Anchor Mutual Savings Bank
Bought by
Z Street Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$671,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2011
Sold by
Covington Manor Llc
Bought by
Anchor Mutual Savings Bank
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lippert Heatherbrae Llc $4,900,000 Fidelity Title Dt Vancouver
Covington Manor Rentals Llc -- Fidelity Title Vancouver
Covington Manor Investments Llc $1,250,000 Fidelity National Title
Z Street Properties Llc $1,155,000 Clark County Title Co
Anchor Mutual Savings Bank $1,170,400 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lippert Heatherbrae Llc $2,326,050
Closed Lippert Heatherbrae Llc $2,326,050
Closed Lippert Heatherbrae Llc $2,326,050
Previous Owner Covington Manor Investments Llc $814,632
Previous Owner Covington Manor Rentals Llc $1,850,000
Previous Owner Covington Manor Investments Llc $450,000
Previous Owner Covington Manor Investments Llc $923,750
Previous Owner Z Street Properties Llc $671,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2016 03/15/16 Sold $4,900,000 -1.0% $161 / Sq Ft
02/19/2016 02/19/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $4,950,000 -- $162 / 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 $3,082 $327,225 $116,300 $210,925
2024 $2,738 $300,772 $116,300 $184,472
2023 $3,263 $280,890 $122,690 $158,200
2022 $2,711 $331,067 $122,690 $208,377
2021 $2,766 $255,505 $97,400 $158,105
2020 $2,532 $245,670 $87,500 $158,170
2019 $2,396 $225,575 $63,150 $162,425
2018 $2,471 $229,004 $0 $0
2017 $2,153 $190,383 $0 $0
2016 $428 $172,396 $0 $0
2015 $369 $26,750 $0 $0
2014 -- $25,000 $0 $0
2013 -- $32,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 16008596

Regional Multiple Listing Service (RMLS)

APN: 986026-719