Listed by Windermere RE K-2 Realty, Bought with RE/MAX Northwest
NOT LISTED FOR SALE

7913 Valley Rd NE Moses Lake, WA 98837

Estimated Value: $164,000 - $548,000

2 Beds
1 Bath
6,358 Sq Ft
$59/Sq Ft Est. Value

Last Sold May 17, 2016

Last sale price $279,900 $44 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,109/month

263 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Partially Fenced Property
  • Territorial View
  • Patio
  • Wood Siding

About This Home

As of May 2016

2 studio, 4 one-bdrm, 1 three-bdrm, 2 two-bdrm apartments plus a separate rental house Apartments rent from $450 to $650/mo. and the house leases for $700/mo. Many of the apartments have been renovated in the last 3 years. New septic system installed in 2005. Room to add a new 4-plex on the site. New owner has opportunity to add value to this property by fixing-up and building replacement rental units on the site of the house that burned.

Last Agent to Sell the Property

Kandi Bersanti

Windermere RE K-2 Realty License #114954 Listed on: 07/13/2015

Windermere RE K-2 Realty

Last Buyer's Agent

Medie Ruiz

RE/MAX Northwest License #82492

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 815874

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,159

Year Built

  • Built in 1949

Lot Details

  • 1.14 Acre Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 6,358 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Parking

  • 10 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Moses Lake High School

Utilities

  • Well
  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Cascade Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 120348000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,159

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1949
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6358
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric, Individual Well
  • PowerCompany: Grant Co PUD
  • SewerCompany: Septic
  • WaterCompany: Private
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Moses Lake
  • High School: Moses Lake High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 120348000
  • Lot Size Acres: 1.1431
  • Lot Size Sq Ft: 49792
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: Tax records
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 5
  • LeasedItems: None
  • TotalMonthlyIncome: 4500

Multi Family

  • Gross Scheduled Income: 40605
  • Net Operating Income: 23585
  • Number Of Units Total: 10
  • UnitsBelowGrade: false
  • VacancyRate: 12

Tax Info

  • Year: 2015
  • Tax Annual Amount: 4159

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2022
Sold by
Davis Michael R
Bought by
Moro Maria Felbc
Current Estimated Value
$374,333

Purchase Details

Listed on
Jul 13, 2015
Closed on
May 9, 2016
Sold by
Davis Denise
Bought by
Davis Michael R
Seller's Agent
Kandi Bersanti
Windermere RE K-2 Realty
Buyer's Agent
Medie Ruiz
RE/MAX Northwest
List Price
$315,000
Sold Price
$279,900
Premium/Discount to List
-$35,100
-11.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.14%
Original Mortgage
$195,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2008
Sold by
Velouria Properties Of Washington Llc
Bought by
Garside Luanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,600
Interest Rate
6.05%
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
Moro Maria Felbc $573 Aegis Title
Davis Michael R -- Stewart Title
Davis Michael R $279,900 Stewart Title
Garside Luanne $198,000 Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Michael R $195,000
Previous Owner Garside Luanne $138,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2016 05/17/16 Sold $279,900 -11.1% $44 / Sq Ft
04/02/2016 04/02/16 Pending -- -- --
07/13/2015 07/13/15 For Sale $315,000 -- $50 / 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 $1,400 $109,045 $48,000 $61,045
2023 $1,131 $116,195 $48,000 $68,195
2022 $1,461 $116,195 $48,000 $68,195
2021 $1,148 $116,195 $48,000 $68,195
2020 $1,126 $86,350 $48,000 $38,350
2019 $1,195 $77,940 $34,000 $43,940
2018 $1,197 $71,415 $34,000 $37,415
2017 $1,267 $81,590 $34,000 $47,590
2016 $1,099 $69,290 $34,000 $35,290
2013 -- $37,245 $12,000 $25,245
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 815874

Northwest Multiple Listing Service (NWMLS)

APN: 120348000