Listed by Keller Williams Rlty Bellevue, Bought with AgencyOne
NOT LISTED FOR SALE

800 4th St Sultan, WA 98294

Estimated Value: $1,004,000 - $1,332,000

7 Beds
4 Baths
3,837 Sq Ft
$305/Sq Ft Est. Value

Last Sold February 14, 2022

Last sale price $1,065,000 $278 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,819/month

15 Days on Market

Highlights

  • Deck
  • No HOA
  • Vinyl Plank Flooring
  • Corner Lot
  • Patio
  • 4-minute walk to Osprey Park

About This Home

As of February 2022

If you're looking for a cash flowing, low maintenance, fully remodeled 4 Plex, this one is for you! Each unit is 2 bedrooms 1 bath. Upgraded finishes include new luxury vinyl plank, beautiful Quartz counter tops and updated LED lighting throughout. The kitchens have white paneled cabinetry in most units, sleek & modern SS appliances & w/d in unit. 0% vacancy at already great rents w/room to increase, all units leased & staggered through 2022 w/on time/current paying tenants. All units have the same floor plan. All units are metered by Guardian, tenants pay all utilities. Located in a quiet neighborhood conveniently located near several grocery stores, restaurants & public transportation.

Last Agent to Sell the Property

Wesley Jones

Keller Williams Rlty Bellevue License #50134 Listed on: 11/23/2021

Keller Williams Rlty Bellevue

Co-Listed By

Ebbie Smith

Keller Williams Rlty Bellevue License #26900

Last Buyer's Agent

Deep Paknikar

AgencyOne License #140990

AgencyOne

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1866796

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,909

Year Built

  • Built in 1982 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,837 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Emerson Elementary School
  • Evergreen Mid Middle School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sultan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28083200314800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,909

Year Built

Built in 1982 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1982
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3837
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Commercial, Residential
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: SnoPUD
  • SewerCompany: City of Sultan
  • WaterCompany: City of Sultan
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett
  • High School: Buyer To Verify
  • Middle Or Junior School: Evergreen Mid

Lot Info

  • Parcel Number: 28083200314800
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Commercial,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.35
  • LeasedItems: None
  • TotalMonthlyIncome: 6050

Multi Family

  • Gross Scheduled Income: 72600
  • Net Operating Income: 66389
  • Number Of Units Total: 4
  • Electric Expense: 195
  • Insurance Expense: 1300
  • Leasable Area: 2880
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3909

MLS Schools

  • Elementary School: Emerson Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2021
Closed on
Feb 28, 2022
Sold by
Arumugam Ramakrishnan Madhan
Bought by
804 Sultan Llc
Seller's Agent
Wesley Jones
Keller Williams Rlty Bellevue
Buyer's Agent
Deep Paknikar
AgencyOne
List Price
$1,115,000
Sold Price
$1,065,000
Premium/Discount to List
-$50,000
-4.48%
Current Estimated Value
$1,172,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,146
Avg. Annual Appreciation
1.10%
Original Mortgage
$719,617
Outstanding Balance
$669,490
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$438,396

Purchase Details

Listed on
Nov 23, 2021
Closed on
Feb 7, 2022
Sold by
Nagin Lala Preethi
Bought by
Ramakrishnan Madhan Arumugam
Seller's Agent
Wesley Jones
Keller Williams Rlty Bellevue
Buyer's Agent
Deep Paknikar
AgencyOne
List Price
$1,115,000
Sold Price
$1,065,000
Premium/Discount to List
-$50,000
-4.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$719,617
Outstanding Balance
$669,490
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$438,396

Purchase Details

Closed on
Oct 23, 2018
Sold by
Roberts Keith and Roberts Laurie
Bought by
812 Sultan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2010
Sold by
Gmac Mortgage Llc
Bought by
Roberts Keith A and Roberts Laurie A

Purchase Details

Closed on
Apr 26, 2010
Sold by
Willis Alicia
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Mar 5, 2007
Sold by
Ochoa Jose Ramon Medina
Bought by
Willis Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,599
Interest Rate
8.64%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 12, 2005
Sold by
Mercer Don and Mercer Deborah
Bought by
Mercer 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
$272,000
Interest Rate
7.1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 10, 2005
Sold by
Mercer Properties Llc
Bought by
Mercer Don D and Mercer Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
7.1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 17, 2003
Sold by
Mercer Don D and Mercer Deborah A
Bought by
Mercer 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
$238,500
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2003
Sold by
Bornkamp George C and Bornkamp Vicki M
Bought by
Mercer Don D and Mercer Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,500
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 1995
Sold by
Donald Greg M and Donald Cheryle
Bought by
Bornkamp George C and Bornkamp Vicki M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage
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
804 Sultan Llc $313 None Listed On Document
Ramakrishnan Madhan Arumugam -- Fidelity National Title
Seshasankaran Rajagopalun -- None Listed On Document
Chawla Anurag -- Fidelity National Title
Ramakrlshnan Madnan Arumugam -- None Listed On Document
812 Sultan Llc $400,000 First American Title
Roberts Keith A $237,000 Accommodation
Gmac Mortgage Llc $274,500 None Available
Willis Alicia -- Fidelity National Title
Willis Alicia $425,000 Fidelity National Title
Mercer Properties Llc -- None Available
Mercer Don D -- --
Mercer Properties Llc -- --
Mercer Don D $265,000 Pnwt
Bornkamp George C $150,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramakrlshnan Madnan Arumugam $719,617
Closed Ramakrishnan Madhan Arumugam $719,617
Previous Owner 812 Sultan Llc $500,000
Previous Owner Willis Alicia $382,500
Previous Owner Mercer Don D $238,500
Previous Owner Bornkamp George C $105,000
Closed Mercer Don D $13,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2022 02/14/22 Sold $1,065,000 -4.5% $278 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
11/23/2021 11/23/21 For Sale $1,115,000 -- $291 / 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
2025 $7,264 $840,000 $186,100 $653,900
2024 $7,264 $820,000 $176,100 $643,900
2023 $5,792 $740,000 $157,400 $582,600
2022 $3,286 $360,500 $135,900 $224,600
2020 $3,609 $360,000 $138,900 $221,100
2019 $3,472 $360,000 $100,900 $259,100
2018 $4,146 $348,000 $56,800 $291,200
2017 $3,488 $290,000 $62,000 $228,000
2016 $3,565 $290,000 $62,000 $228,000
2015 $3,545 $270,000 $52,500 $217,500
2013 $4,182 $310,000 $77,500 $232,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1866796

Northwest Multiple Listing Service (NWMLS)

APN: 280832-003-148-00