Listed by Mt. Rainier Realty, Bought with COMPASS
NOT LISTED FOR SALE

Estimated Value: $863,609 - $949,000

8 Beds
4 Baths
5,972 Sq Ft
$153/Sq Ft Est. Value

Last Sold January 23, 2018

Last sale price $1,000,000 $167 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,783/month

67 Days on Market

Highlights

  • 0.28 Acre Lot
  • Wood Siding
  • Wall to Wall Carpet
  • Thermal Windows

About This Home

As of January 2018

8 Units!!! Also includes tax ID #3910200035. Great opportunity to own 2 side by side 4 plex's a total of 8 units in NE Auburn. They are on 2 different tax parcels great for financing options. Most are on month to month leases so rent's can be raised to market value. New in 2017 Roof, thermal windows and doors. Parking lot repaved and striped last month. Coin Opp laundry for extra $$

Last Agent to Sell the Property

Travis Scheff

Mt. Rainier Realty License #89362 Listed on: 10/19/2017

Last Buyer's Agent

Lisa Lam

COMPASS License #88801

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1209664

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,874

Year Built

  • Built in 1979

Lot Details

  • 0.28 Acre Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,972 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Auburn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3910200030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,874

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5972
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 426

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Fair
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 13086

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 3910200030
  • Lot Size Acres: 0.283
  • Lot Size Sq Ft: 12328
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: tax records

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 8000

Multi Family

  • Gross Scheduled Income: 96000
  • Net Operating Income: 68543
  • Number Of Units Total: 6
  • Insurance Expense: 2488
  • Leasable Area: 5972
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 10874

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2017
Closed on
Jan 19, 2018
Sold by
Scheff Travis
Bought by
Lam Lisa W and Lam Gordon W
Seller's Agent
Travis Scheff
Mt. Rainier Realty
Buyer's Agent
Lisa Lam
COMPASS
List Price
$1,062,000
Sold Price
$1,000,000
Premium/Discount to List
-$62,000
-5.84%
Current Estimated Value
$913,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$86,598
Avg. Annual Appreciation
-1.18%
Original Mortgage
$375,000
Outstanding Balance
$317,191
Interest Rate
3.94%
Estimated Equity
$596,211

Purchase Details

Closed on
Dec 6, 2006
Sold by
Kim Chae Mun and Kim Jung A
Bought by
Scheff Travis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,100
Interest Rate
6.22%

Purchase Details

Closed on
May 28, 2004
Sold by
Whitfield Duane K
Bought by
Kim Chae Mun and Kim Jung A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,100
Interest Rate
5.86%

Purchase Details

Closed on
Jun 27, 2002
Sold by
Shirley Billy R and Shirley Sofia M
Bought by
Whitfield Duane K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,100
Interest Rate
6.86%

Purchase Details

Closed on
Feb 19, 1999
Sold by
Manulat Amabel F
Bought by
Shirley Billy R and Shirley Sofia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
6.77%

Purchase Details

Closed on
Jun 1, 1995
Sold by
Cabana Rhodina G
Bought by
Manulat Amabel F
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
Lam Lisa W $500,000 Ticor Title
Scheff Travis $431,000 First American
Kim Chae Mun $297,700 Pacific Nw Tit
Whitfield Duane K $278,000 Washington Title
Shirley Billy R $163,000 --
Manulat Amabel F $101,000 Commonwealth Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Lisa W $375,000
Previous Owner Scheff Travis $43,100
Previous Owner Scheff Travis $344,800
Previous Owner Kim Chae Mun $238,100
Previous Owner Whitfield Duane K $264,100
Previous Owner Shirley Billy R $163,000
Closed Kim Chae Mun $29,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2018 01/23/18 Sold $1,000,000 -3.8% $167 / Sq Ft
12/26/2017 12/26/17 Pending -- -- --
12/12/2017 12/12/17 Price Changed $1,040,000 -1.1% $174 / Sq Ft
11/24/2017 11/24/17 Price Changed $1,052,000 -0.9% $176 / Sq Ft
10/19/2017 10/19/17 For Sale $1,062,000 -- $178 / 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 $9,670 $820,000 $115,300 $704,700
2023 $8,246 $828,000 $115,300 $712,700
2022 $8,131 $721,000 $88,200 $632,800
2021 $7,801 $613,000 $81,400 $531,600
2020 $6,972 $556,000 $81,400 $474,600
2018 $5,898 $428,000 $81,400 $346,600
2017 $5,437 $375,000 $81,400 $293,600
2016 $5,496 $346,000 $81,400 $264,600
2015 $4,420 $375,000 $81,400 $293,600
2014 -- $288,000 $81,400 $206,600
2013 -- $270,000 $81,400 $188,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1209664

Northwest Multiple Listing Service (NWMLS)

APN: 391020-0030