$610,000
SOLD OCT 28, 2020
-- Bed
-- Bath
2,870 Sq Ft
0.33 Acres

Recently Sold

$213 Per Sq Ft

4% Above List Price

About This Home

As of June 2022

Location, location, location!! Walking distance to restaurants, shops and Des Moines waterfront. Views of the sound! Brand new roof! Additional 1200 square foot unfinished attic. Current rents well below market for the area. Long term tenants in 2 downstairs units. Occupy the upstairs while renting 2 downstairs units or rent all 3 for max return on your investment. Detached garage allows for additional income. The opportunities are limitless with this one!!

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,358

Year Built

  • Built in 1918

Lot Details

  • 0.33 Acre Lot
  • Street terminates at a dead end
  • Value in Land

Property Views

  • Views of a Sound
  • Limited Views

Home Design

  • Triplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2-Story Property

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Community Details

  • Downtown Des Moines Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2011400642

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,358

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1918
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Partial, Sound
  • Lot Features: Dead End Street, Paved, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Triplex

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Senior Community: 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
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 5500

Multi Family

  • Gross Scheduled Income: 66000
  • Net Operating Income: 55040
  • Number Of Units Total: 4
  • Insurance Expense: 1594
  • Leasable Area: 2870
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 33

Tax Info

  • Year: 2019
  • Tax Annual Amount: 7358

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%
Current Estimated Value
$852,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,500
Avg. Annual Appreciation
0.63%
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 Type Sale Price Title Company
Warranty Deed $825,000 First American Title
Interfamily Deed Transfer -- Rainier Title
Warranty Deed $610,000 Rainier Title
Warranty Deed $193,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $856,903 New Conventional
Previous Owner $457,500 New Conventional
Previous Owner $133,000 No Value Available
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: 1627585

Northwest Multiple Listing Service (NWMLS)

APN: 201140-0642