Listed by Redfin, Bought with RE/MAX Integrity
NOT LISTED FOR SALE

Estimated Value: $558,000 - $586,227

4 Beds
2 Baths
1,400 Sq Ft
$409/Sq Ft Est. Value

Last Sold June 17, 2024

Last sale price $568,000 $406 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,468/month

2 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 1-Story Property

About This Home

As of June 2024

Fantastic investment property. 1400 sq ft duplex with 700 sq ft units on each side. One unit was recently updated with quartz countertops, refinished hardwood floors, new doors, paint, and updated bathroom. The other unit was recently painted. Each unit has 2 beds and 1 bath with an attached garage. Great long term tenants. Newer roof. Large fully fenced front and side yard. This is the investment that you have been looking for.

Last Agent to Sell the Property

Mark Queen

Redfin License #113054 Listed on: 05/13/2024

Redfin

Last Buyer's Agent

Nona Adams

RE/MAX Integrity License #51002

RE/MAX Integrity

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2232385

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,200

Year Built

  • Built in 1969

Lot Details

  • 0.32

Home Design

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

Interior Spaces

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

Parking

  • 2 Parking Spaces
  • 1 Covered Space

Additional Features

  • 0.32 Acre Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220352154

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,200

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1969
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1400
  • Special Features: None
  • Cumulative Days on Market: 363

Interior Features

  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Lakewood Light
  • SewerCompany: Lakewood Sewer
  • WaterCompany: Lakewood Water
  • WaterSewerGarbage: 250

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Clover Park
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0220352154
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 13939
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist - Buyer to verify
  • MLSSquareFootageSource: Realist - Buyer to verify

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 17.3
  • LeasedItems: None
  • TotalMonthlyIncome: 2625

Multi Family

  • Gross Scheduled Income: 31500
  • Net Operating Income: 24350
  • Number Of Units Total: 2
  • Leasable Area: 1800
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3200

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Jun 14, 2024
Sold by
Palanchuk Anatoliy
Bought by
Bogatyrev Dmitry
Seller's Agent
Mark Queen
Redfin
Buyer's Agent
Nona Adams
RE/MAX Integrity
List Price
$560,000
Sold Price
$568,000
Premium/Discount to List
$8,000
1.43%
Views
4
Current Estimated Value
$572,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,557
Avg. Annual Appreciation
0.66%
Original Mortgage
$549,043
Outstanding Balance
$543,235
Interest Rate
7.22%
Mortgage Type
FHA
Estimated Equity
$29,322

Purchase Details

Listed on
Apr 1, 2021
Closed on
May 7, 2021
Sold by
Tuohy Edward and Tuohy Marilyn
Bought by
Palanchuk Anatoliy
Seller's Agent
Perry Panagiotu
PNW Towns and Sound
Buyer's Agent
Carol Hinman
John L. Scott, Inc.
List Price
$399,950
Sold Price
$414,000
Premium/Discount to List
$14,050
3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.74%
Original Mortgage
$406,501
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 7, 2008
Sold by
Clark Mark D
Bought by
Tuohy Edward and Tuohy Marilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,625
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 2006
Sold by
Clark Barbara Lynn
Bought by
Clark Mark D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,773
Interest Rate
6.52%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2004
Sold by
Bishop Donald E
Bought by
Welch Vernon D and Welch Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 1994
Sold by
Smith Melvin R
Bought by
Bishop Donald E and Bishop Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,700
Interest Rate
7.84%
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
Bogatyrev Dmitry $568,000 None Listed On Document
Palanchuk Anatoliy $414,000 Wfg Natl Ttl Co Of Wa Llc
Tuohy Edward $267,500 Pst
Clark Mark D -- Lawyers Title
Clark Mark D $221,000 Lawyers Title
Welch Vernon D $160,000 Chicago Title Insurance Co
Bishop Donald E -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bogatyrev Dmitry $549,043
Previous Owner Palanchuk Anatoliy $406,501
Previous Owner Tuohy Edward $200,625
Previous Owner Clark Mark D $178,773
Previous Owner Clark Mark D $50,000
Previous Owner Welch Vernon D $128,000
Previous Owner Bishop Donald E $63,700
Closed Bishop Donald E $12,750
Closed Welch Vernon D $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2024 06/17/24 Sold $568,000 +1.4% $406 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $560,000 +35.3% $400 / Sq Ft
05/11/2021 05/11/21 Sold $414,000 +3.5% $230 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $399,950 -- $222 / 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
2025 $4,257 $428,800 $234,400 $194,400
2024 $4,257 $425,900 $227,600 $198,300
2023 $4,257 $388,500 $202,100 $186,400
2022 $3,904 $394,500 $210,800 $183,700
2021 $3,782 $285,900 $141,500 $144,400
2019 $2,936 $264,500 $122,700 $141,800
2018 $2,918 $240,400 $102,700 $137,700
2017 $2,630 $194,600 $82,200 $112,400
2016 $2,275 $147,700 $56,500 $91,200
2014 $1,936 $140,100 $51,200 $88,900
2013 $1,936 $128,200 $48,100 $80,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2232385

Northwest Multiple Listing Service (NWMLS)

APN: 022035-2154