Listed by RE/MAX Realty South, Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $632,000 - $671,000

3 Beds
3 Baths
2,030 Sq Ft
$324/Sq Ft Est. Value

Last Sold October 05, 2020

Last sale price $485,000 $239 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,063/month

78 Days on Market

Highlights

  • Partially Fenced Property
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of October 2020

Unique investment opportunity, made up of two parcels in Auburn that includes a consistently rented & profitable tri-plex, as well as a vacant lot with potential for development. Tri-Plex can cash flow, while you pursue development of the back lot. City of Auburn R7 zoning allows for single family homes or possibly a duplex. New roof installed Feb. 2019. Additional income from rental of detached garage ($300/mo), and coin-op laundry ($50/mo.). Inquire for details!

Last Agent to Sell the Property

Tim Akins

RE/MAX Realty South License #107231 Listed on: 06/05/2020

RE/MAX Realty South

Last Buyer's Agent

Ben Lunsford

eXp Realty License #106324

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1611077

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,139

Year Built

  • Built in 1910

Lot Details

  • 6,310 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,030 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Additional Features

  • Outbuilding
  • Natural Gas Connected

Community Details

  • Auburn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3339900455

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,139

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1910
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2030
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

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: FullyFenced
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Auburn
  • WaterCompany: City of Auburn
  • WaterSewerGarbage: 2400

Fee Information

  • Annual Fuel Expense: 720

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 3339900455
  • Lot Size Acres: 0.1449
  • Lot Size Sq Ft: 6310
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Outbuildings
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3090

Multi Family

  • Gross Scheduled Income: 37080
  • Net Operating Income: 25438
  • Number Of Units Total: 6
  • Electric Expense: 240
  • Insurance Expense: 1143
  • Leasable Area: 2030
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4139

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2023
Sold by
801 8Th Complex Llc
Bought by
Zimmerman John W
Current Estimated Value
$658,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,600
Outstanding Balance
$77,817
Interest Rate
6.33%
Mortgage Type
Credit Line Revolving
Estimated Equity
$580,183

Purchase Details

Closed on
Feb 26, 2021
Sold by
Zimmerman John W
Bought by
801 8Th Complex Llc

Purchase Details

Listed on
Jun 5, 2020
Closed on
Sep 23, 2020
Sold by
Carlton Lynn
Bought by
Zimmerman John W
Seller's Agent
Tim Akins
RE/MAX Realty South
Buyer's Agent
Ben Lunsford
eXp Realty
List Price
$475,000
Sold Price
$485,000
Premium/Discount to List
$10,000
2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$367,575
Interest Rate
2.9%
Mortgage Type
VA

Purchase Details

Closed on
Sep 5, 2003
Sold by
Johnson E David and Johnson Michelle R
Bought by
Carlton Lynn

Purchase Details

Closed on
Sep 30, 1998
Sold by
Freed Kenneth J and Freed Judith A
Bought by
Johnson E David and Johnson Michelle R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,566
Interest Rate
6.88%
Mortgage Type
FHA
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
Zimmerman John W -- --
801 8Th Complex Llc -- None Available
Zimmerman John W $485,000 First American Title
Carlton Lynn $140,217 --
Johnson E David $139,950 Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zimmerman John W $81,600
Previous Owner Zimmerman John W $367,575
Previous Owner Johnson E David $137,566
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2020 10/05/20 Sold $485,000 +2.1% $239 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $475,000 0.0% $234 / Sq Ft
08/02/2020 08/02/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $475,000 -- $234 / 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 $6,731 $565,000 $118,000 $447,000
2023 $5,101 $419,000 $95,000 $324,000
2022 $4,708 $438,000 $103,000 $335,000
2021 $4,532 $348,000 $83,000 $265,000
2020 $4,140 $317,000 $78,000 $239,000
2018 $3,891 $274,000 $80,000 $194,000
2017 $3,511 $243,000 $73,000 $170,000
2016 $3,088 $219,000 $70,000 $149,000
2015 $3,043 $204,000 $65,000 $139,000
2014 -- $195,000 $62,000 $133,000
2013 -- $149,000 $57,000 $92,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1611077

Northwest Multiple Listing Service (NWMLS)

APN: 333990-0455