Listed by Cascade Properties & Invest.
NOT LISTED FOR SALE

8151 Park Ave SE Snoqualmie, WA 98065

Estimated Value: $719,270 - $758,000

2 Beds
2 Baths
1,400 Sq Ft
$528/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $710,000 $507 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,583/month

7 Days on Market

Highlights

  • River View
  • Deck
  • No HOA
  • Snoqualmie Elementary School Rated A
  • Wood Flooring
  • 2-minute walk to Riverview Park

About This Home

As of May 2022

Fantastic Investment Opportunity for this darling duplex across from the Snoqualmie River and future boardwalk to Snoqualmie Falls! In the heart of downtown Snoqualmie, this is a perfect location to walk to shops, restaurants and the train depot! Tons of flexibility for investment income. Owner has run an Airbnb business on one side and occupied the other. Also perfect for long-term rental of both units! Rents are based on Airbnb but support market rents. Expenses include water/sewer/trash, taxes, insurance, Cable TV and lawn maintenance. Look no further, this is the perfect spot for your investment!

Last Agent to Sell the Property

Lace Gordon

Cascade Properties & Invest. License #105157 Listed on: 04/07/2022

Co-Listed By

Lisa Scivally

Cascade Properties & Invest. License #24585

Last Buyer's Agent

Lisa Scivally

Cascade Properties & Invest. License #24585

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1912067

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,891

Year Built

  • Built in 1926

Lot Details

  • 7,200 Sq Ft Lot
  • Open Space
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • River
  • Mountain
  • Territorial

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 3 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Snoqualmie Elementary School
  • Snoqualmie Mid Middle School
  • Mount Si High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Snoqualmie Falls Add Condos
  • Downtown Snoqualmie Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 6
  • Assessor Parcel Number 7849200260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,891

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1926
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Snoqualmie Falls Add
  • New Construction: No
  • CalculatedSquareFootage: 1400
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you!
  • Special Features: None
  • Cumulative Days on Market: 335

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Office, Residential, Retail
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl Plank
  • Interior Amenities: Ceramic Tile, Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Mountain(s), River, Territorial
  • Lot Features: Alley, Curbs, Open Space, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Snoqualmie
  • WaterCompany: City of Snoqualmie
  • WaterSewerGarbage: 6000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Snoqualmie Valley
  • High School: Mount Si High
  • Middle Or Junior School: Snoqualmie Mid

Lot Info

  • Parcel Number: 7849200260
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Business,Commercial,Multi-Family,Office,Residential,Retail
  • LotNumber: 3

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.31
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 48000
  • Net Operating Income: 31362
  • Number Of Units Total: 2
  • Insurance Expense: 3387
  • Leasable Area: 1400
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4891

MLS Schools

  • Elementary School: Snoqualmie Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2022
Sold by
Brink Elliott J and Brink Amy L
Bought by
Eab Park Avenue Llc
Current Estimated Value
$739,426

Purchase Details

Listed on
Apr 7, 2022
Closed on
May 27, 2022
Sold by
Lee Stuart F and Lee Melanie C
Bought by
Brink Elliott J and Brink Amy L
Seller's Agent
Lace Gordon
Cascade Properties & Invest.
Buyer's Agent
Lisa Scivally
Cascade Properties & Invest.
List Price
$735,000
Sold Price
$710,000
Premium/Discount to List
-$25,000
-3.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.28%

Purchase Details

Closed on
Aug 26, 2014
Sold by
Conway Timothy and Schmidt Conway Tracy
Bought by
Lee Stuart F and Lee Melanie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,656
Interest Rate
4.11%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 2001
Sold by
Beckes Carolyn Diane
Bought by
Beckes Robert Eric

Purchase Details

Closed on
Nov 12, 1999
Sold by
Buhler Harry W and Pauline Buhler C
Bought by
Conway Timothy and Schmidt Conway Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,500
Interest Rate
7.82%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 15, 1995
Sold by
Buhler Harry W and Pauline Buhler C
Bought by
Buhler Harry W and Pauline Buhler C
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
Eab Park Avenue Llc -- None Listed On Document
Brink Elliott J $710,000 Wfg National Title Company Of
Lee Stuart F $250,000 Stewart Title
Beckes Robert Eric -- --
Conway Timothy $164,500 First American
Buhler Harry W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Stuart F $238,000
Previous Owner Lee Stuart F $241,758
Previous Owner Lee Stuart F $241,656
Previous Owner Beckes Robert E $252,000
Previous Owner Conway Timothy $131,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $710,000 -3.4% $507 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $735,000 -- $525 / 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 $5,895 $617,000 $215,000 $402,000
2023 $5,566 $573,000 $196,000 $377,000
2022 $5,276 $636,000 $225,000 $411,000
2021 $4,891 $471,000 $171,000 $300,000
2020 $4,066 $396,000 $144,000 $252,000
2018 $3,698 $303,000 $115,000 $188,000
2017 $3,054 $285,000 $111,000 $174,000
2016 $2,710 $241,000 $98,000 $143,000
2015 $2,442 $210,000 $87,000 $123,000
2014 -- $205,000 $85,000 $120,000
2013 -- $156,000 $58,000 $98,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1912067

Northwest Multiple Listing Service (NWMLS)

APN: 784920-0260