Listed by Mt. Rainier Realty, Bought with Keller Williams Downtown Sea
NOT LISTED FOR SALE

Estimated Value: $837,417 - $956,000

8 Beds
4 Baths
3,274 Sq Ft
$273/Sq Ft Est. Value

Last Sold March 04, 2016

Last sale price $407,000 $124 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $5,647/month

79 Days on Market

About This Home

As of March 2016

A Great Investment Opportunity! Very nice 4 plex in NE Auburn close to school and shopping with easy freeway access. Very nice cash flow $ and low turnover. Each unit has a washer & dryer. Lenders pre-approval letter to accompany any offer. New roof & gutter were just installed Jan 2016

Last Agent to Sell the Property

Travis Scheff

Mt. Rainier Realty License #89362 Listed on: 11/10/2015

Last Buyer's Agent

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068

Keller Williams Downtown Sea

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 869201

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,759

Year Built

  • Built in 1968

Lot Details

  • 7,619 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,274 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Auburn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5125400490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,759

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1968
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3274
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 380

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: See Remarks
  • 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
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 5814

Schools

  • Junior High Dist: Auburn

Lot Info

  • Parcel Number: 5125400490
  • Lot Size Acres: 0.1749
  • Lot Size Sq Ft: 7619
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Tax Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 3990

Multi Family

  • Gross Scheduled Income: 47880
  • Net Operating Income: 33813
  • Number Of Units Total: 4
  • Insurance Expense: 1072
  • Leasable Area: 3274
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2015
  • Tax Annual Amount: 4759

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2015
Closed on
Feb 22, 2016
Sold by
Scheff S Management Llc
Bought by
Chan Leung Wai and Zhou Ziwen
Seller's Agent
Travis Scheff
Mt. Rainier Realty
Buyer's Agent
Nicholas Vilvandre'
Keller Williams Downtown Sea
List Price
$392,880
Sold Price
$407,000
Premium/Discount to List
$14,120
3.59%
Current Estimated Value
$893,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,806
Avg. Annual Appreciation
8.89%
Original Mortgage
$321,530
Outstanding Balance
$261,927
Interest Rate
3.81%
Estimated Equity
$650,163

Purchase Details

Closed on
Nov 27, 2006
Sold by
Scheff Travis
Bought by
Scheffs Management Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,600
Interest Rate
3%

Purchase Details

Closed on
Oct 10, 2006
Sold by
Scheff Gary G and Scheff Neoma J
Bought by
Scheff Travis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,600
Interest Rate
3%

Purchase Details

Closed on
Jul 24, 2003
Sold by
Hannon Cedric G and Hannon Irene M
Bought by
Scheff Travis J and Scheff Gary G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Interest Rate
6.75%

Purchase Details

Closed on
Jun 18, 1998
Sold by
Hannon Cedric and Hannon Irene M
Bought by
Hannon Cedric G and Hannon Irene M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chan Leung Wai $407,000 Old Republic T
Scheffs Management Co Llc -- None Available
Scheff Travis J -- Fidelity Natio
Scheff Travis J $287,500 Washington Tit
Hannon Cedric G -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Leung Wai $321,530
Previous Owner Scheff Travis J $345,600
Previous Owner Scheff Travis J $258,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2016 03/04/16 Sold $407,000 +3.6% $124 / Sq Ft
01/29/2016 01/29/16 Pending -- -- --
11/10/2015 11/10/15 For Sale $392,880 -- $120 / 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 $9,322 $787,000 $90,000 $697,000
2023 $9,043 $787,000 $90,000 $697,000
2022 $8,524 $793,000 $90,000 $703,000
2021 $8,109 $643,000 $80,000 $563,000
2020 $7,555 $578,000 $80,000 $498,000
2018 $6,045 $463,000 $80,000 $383,000
2017 $5,597 $384,000 $80,000 $304,000
2016 $5,344 $356,000 $80,000 $276,000
2015 $4,759 $363,000 $75,000 $288,000
2014 -- $311,000 $75,000 $236,000
2013 -- $298,000 $75,000 $223,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 869201

Northwest Multiple Listing Service (NWMLS)

APN: 512540-0490