NOT LISTED FOR SALE
-- Bed
-- Bath
11,217 Sq Ft
0.5 Acres

Last Sold February 08, 2019

Last sale price $1,950,000 $174 Per Sq Ft

29 Days on Market

Highlights

  • Bay View
  • Deck
  • Patio
  • 0.5 Acre Lot
  • Gazebo
  • High Speed Internet

About This Home

As of February 2019

The Landmarc V, a 9 unit apartment building available in vibrant downtown Des Moines. The building’s location offers a foothold in the downtown core of growing Des Moines, a neighborhood which boasts ample bars, restaurants, & grocery stores close by. Downtown Seattle accessible by mass transit and future light rail stations. The large units offer full kitchens along with oversized windows and balconies to take in the view of the Puget Sound. 22 parking spaces and 2 on-site laundry facilities.

Last Listed By

Carl Peterson

Windermere Prof Partners License #73728 Listed on: 11/12/2018

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1385769

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,715

Year Built

  • Built in 1975

Lot Details

  • 0.5 Acre Lot
  • Value in Land
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 11,217 Sq Ft Home
  • 3-Story Property
  • Bay Views

Parking

  • 22 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio
  • Gazebo

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Des Moines Two Acre Condos
  • Downtown Des Moines Subdivision

Listing and Financial Details

  • Tax Lot 62 & 64
  • Assessor Parcel Number 2011400620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,715

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1975
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Des Moines Two-Acre
  • New Construction: No
  • CalculatedSquareFootage: 11217
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 299

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Flat
  • View: Bay
  • Lot Features: Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 22
  • Open Parking: Yes
  • Total Parking Spaces: 22
  • ParkingUncoveredSpaces: 22

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City
  • WaterCompany: City
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 2011400620
  • Lot Size Acres: 0.501
  • Lot Size Sq Ft: 21823
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cabana/Gazebo,Cable TV,Deck,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 62 & 64

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 13500

Multi Family

  • Gross Scheduled Income: 167546
  • Net Operating Income: 113226
  • Number Of Units Total: 9
  • Insurance Expense: 2320
  • Leasable Area: 11217
  • UnitsInBuildingTotal: 9
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2018
  • Tax Annual Amount: 17715

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2019 02/08/19 Sold $1,950,000 -9.3% $174 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
11/12/2018 11/12/18 For Sale $2,150,000 -- $192 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1385769

Northwest Multiple Listing Service (NWMLS)