Listed by RE/MAX Integrity, Bought with Coldwell Banker Danforth
NOT LISTED FOR SALE

Estimated Value: $988,269 - $1,136,000

-- Bed
-- Bath
3,290 Sq Ft
$316/Sq Ft Est. Value

Last Sold November 25, 2019

Last sale price $625,000 $190 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $6,170/month

30 Days on Market

Highlights

  • Deck
  • Property is Fully Fenced
  • Wall to Wall Carpet
  • Patio
  • Wood Siding

About This Home

As of November 2019

Rare opportunity to own a fantastic 4-plex in fabulous rental location. All units 2 bed/1bath/823'. Fully remodeled past 4 years. Paint/carpet/floors/ appliances/counters/cabinets and so much more. New 25 year roof Oct/2019 (warranty transferable). Never vacant, always rented. Great tenants in place all below market value. W/D Hookup. All 4-units share large fenced back-yard. 2 parking spaces per unit. Easy access to Hwy 167/shops/restaurants and bus stop.

Last Agent to Sell the Property

Jeanne Stilwell

RE/MAX Integrity License #95875 Listed on: 10/17/2019

RE/MAX Integrity

Last Buyer's Agent

Renee Roman

Coldwell Banker Danforth License #16079

Coldwell Banker Danforth

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1460653

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,734

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 0.29 Acre Lot
  • Property is Fully Fenced

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,290 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Scenic Hill Elementary School
  • Sequoiajnrhigh Middle School
  • Kent-Meridian High School

Utilities

  • Cable TV Available

Community Details

  • Horseshoe Acre Trs To Kent Condos
  • Kent Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 30
  • Assessor Parcel Number 3462800250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,734

Year Built

Built in 1980 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1980
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Horseshoe Acre Trs to Kent
  • New Construction: No
  • CalculatedSquareFootage: 3290
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Tile, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Remodeled
  • Structure Type: Quadruplex

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
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Kent Water
  • WaterCompany: Kent Water
  • WaterSewerGarbage: 2124

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Common Interest: Multi-Family

Fee Information

  • Annual Fuel Expense: 1

Schools

  • Junior High Dist: Kent
  • High School: Kent-Meridian High
  • Middle Or Junior School: SequoiaJnrHigh

Lot Info

  • Parcel Number: 3462800250
  • Lot Size Acres: 0.2893
  • Lot Size: 12,600
  • Lot Size Sq Ft: 12600
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Patio
  • MLSLotSizeSource: Tax Assessor
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family
  • LotNumber: 1

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3780

Multi Family

  • Gross Scheduled Income: 45360
  • Net Operating Income: 33738
  • Number Of Units Total: 4
  • Electric Expense: 139
  • Insurance Expense: 1279
  • Leasable Area: 3290
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6734

MLS Schools

  • Elementary School: Scenic Hill Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2019
Closed on
Oct 22, 2019
Sold by
Rehse Jack W
Bought by
Jz Property Management
Seller's Agent
Jeanne Stilwell
RE/MAX Integrity
Buyer's Agent
Renee Roman
Coldwell Banker Danforth
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$1,039,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,090
Avg. Annual Appreciation
8.95%

Purchase Details

Closed on
Jun 14, 2006
Sold by
Pyle Greg
Bought by
Rehse Jack W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,200
Interest Rate
6.55%

Purchase Details

Closed on
Mar 16, 1995
Sold by
Patrick Don D and Patrick Kiyomi
Bought by
Mccammant Bryan and Mccammant Glynnis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,066
Interest Rate
8.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 4, 1989
Sold by
Lindley James M and Lindley Merri Lee
Bought by
Patrick Don D and Patrick Kiyomi
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
Jz Property Management $625,000 Wfg Natl Ttl Co Of Wa Llc
Rehse Jack W $459,000 First American
Mccammant Bryan $165,000 Transamerica Title Ins Co
Patrick Don D -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rehse Jack W $367,200
Previous Owner Mccammant Bryan $8,066
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2019 11/25/19 Sold $625,000 0.0% $190 / Sq Ft
11/16/2019 11/16/19 Pending -- -- --
11/15/2019 11/15/19 Price Changed $625,000 0.0% $190 / Sq Ft
11/15/2019 11/15/19 For Sale $625,000 +5.0% $190 / Sq Ft
10/18/2019 10/18/19 Pending -- -- --
10/17/2019 10/17/19 For Sale $595,000 -- $181 / 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 $8,775 $863,000 $207,900 $655,100
2023 $9,300 $895,000 $195,300 $699,700
2022 $9,635 $819,000 $189,000 $630,000
2021 $9,036 $746,000 $189,000 $557,000
2020 $7,591 $671,000 $189,000 $482,000
2018 $6,346 $504,000 $135,000 $369,000
2017 $5,922 $425,000 $130,000 $295,000
2016 $6,112 $410,000 $130,000 $280,000
2015 -- $409,000 $125,000 $284,000
2014 -- $368,000 $100,800 $267,200
2013 -- $342,000 $100,800 $241,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1460653

Northwest Multiple Listing Service (NWMLS)

APN: 346280-0250