NOT LISTED FOR SALE

Estimated Value: $674,000 - $895,000

5 Beds
3 Baths
3,300 Sq Ft
$244/Sq Ft Est. Value

Last Sold June 09, 2022

Last sale price $825,000 $250 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,957/month

12 Days on Market

Highlights

  • Views of a Sound
  • No HOA
  • Under Construction
  • RV Access or Parking

About This Home

As of June 2022

Attention investors, househackers, and handy home owners looking for an income producing property! Permit ready triplex in prime location of Des Moines is ready for you to come in and finish it to be your own. Great location with large subdividable lot, massive 2 car garage, water views and walking distance from shopping, restaurant's and easy access to highways. The property is set up for a 3,300 sq ft triplex that has most of the framing done, electrical and plumbing work as well. Bring you contractors, ideas and come check out this great opportunity! Seller is leaving all building materials with purchase that are in garage.

Last Agent to Sell the Property

Robert Kurka

COMPASS License #21032763 Listed on: 04/13/2022

COMPASS

Co-Listed By

Jared Holland

COMPASS License #27819

Last Buyer's Agent

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068

Keller Williams Downtown Sea

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1916389

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,549

Year Built

  • Built in 1918 | Under Construction

Lot Details

  • 0.33 Acre Lot

Property Views

  • Views of a Sound
  • Territorial Views

Home Design

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

Interior Spaces

  • 3,300 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Community Details

  • No Home Owners Association
  • Des Moines Waterfront Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2011400642

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,549

Year Built

Built in 1918 | Under Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1918
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3300
  • Special Features: None
  • Cumulative Days on Market: 280

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Sound, Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Under Construction
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 2008

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Highline

Lot Info

  • Parcel Number: 2011400642
  • Lot Size Acres: 0.3306
  • Lot Size Sq Ft: 14400
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: RV Parking,Shop
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11.49
  • LeasedItems: None
  • TotalMonthlyIncome: 5800

Multi Family

  • Gross Scheduled Income: 69600
  • Net Operating Income: 55939
  • Number Of Units Total: 3
  • Electric Expense: 3600
  • Insurance Expense: 1594
  • Leasable Area: 3300
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6549

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2022
Closed on
Jun 3, 2022
Sold by
Timmy Truong
Bought by
Faynato Sisay
Seller's Agent
Robert Kurka
COMPASS
Buyer's Agent
Nicholas Vilvandre'
Keller Williams Downtown Sea
List Price
$799,995
Sold Price
$825,000
Premium/Discount to List
$25,005
3.13%
Total Days on Market
12
Current Estimated Value
$803,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,333
Avg. Annual Appreciation
0.70%
Original Mortgage
$856,903
Outstanding Balance
$824,581
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$17,752

Purchase Details

Listed on
Jul 10, 2020
Closed on
Oct 26, 2020
Sold by
Pham Mi and Le Binh Thanh
Bought by
Le Binh Thanh
List Price
$585,000
Sold Price
$610,000
Premium/Discount to List
$25,000
4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.63%
Original Mortgage
$457,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 10, 2020
Closed on
Oct 21, 2020
Sold by
Braxmeyer Timothy P and Braxmeyer Debbie A
Bought by
Truong Timmy and Le Binh
List Price
$585,000
Sold Price
$610,000
Premium/Discount to List
$25,000
4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 1997
Sold by
Schumacher Josefina D
Bought by
Wood Rod L and Wood Rochelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
7.23%
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
Faynato Sisay $825,000 First American Title
Le Binh Thanh -- Rainier Title
Truong Timmy $610,000 Rainier Title
Wood Rod L $193,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faynato Sisay $856,903
Previous Owner Truong Timmy $457,500
Previous Owner Wood Rod L $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2022 06/09/22 Sold $825,000 +3.1% $250 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $799,995 +31.1% $242 / Sq Ft
10/28/2020 10/28/20 Sold $610,000 +4.3% $213 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $585,000 -- $204 / 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 $8,302 $656,000 $194,000 $462,000
2023 $7,766 $589,000 $175,000 $414,000
2022 $7,070 $639,000 $168,000 $471,000
2021 $6,549 $511,000 $138,000 $373,000
2020 $6,254 $447,000 $120,000 $327,000
2018 $6,323 $447,000 $103,000 $344,000
2017 $5,241 $403,000 $99,000 $304,000
2016 $4,725 $332,000 $90,000 $242,000
2015 $4,420 $303,000 $84,000 $219,000
2014 -- $282,000 $80,000 $202,000
2013 -- $219,000 $73,000 $146,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1916389

Northwest Multiple Listing Service (NWMLS)

APN: 201140-0642