Sold

Listed by: The Paragon Group • Silvian Popusoi

Bought with: Dulay Homes LLC

$1,500,000

1620 W Lee Street, Moses Lake, WA 98837

--beds

--baths

10,048sqft

Multi Family

Built in 2007

-- sqft lot

$-- Zestimate^®

$149/sqft

$1,814 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,814/mo

Zestimate^® history

Owner options

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$1,814/mo

Rent Zestimate^®

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$9,422/mo

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$9,422/mo

Est. payment

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What's special

Fresh paint

Built in 2007, this fully occupied property has units that provide tenants with a comfortable 1,256 sqft of living space, 3 bedrooms and 2.5 bathrooms, and a 1 car garage. Out back of each unit is a patio with surrounding lawn space. The property has been meticulously upkept with fresh paint and excellent curb appeal. The current rental income stream makes this property cash flow positive, so investors can enjoy steady income while building equity over time. The property is conveniently located just off I-90, providing easy access to downtown shops and restaurants.

Facts & features

Interior

Heating

Forced Air, Electric

Cooling

Forced Air

Features

Flooring: Hardwood, Laminate, Carpet
Has fireplace: No

Interior area

Total structure area: 10,048
Total interior livable area: 10,048 sqft

Property

Parking

Total spaces: 16
Parking features: Open
Covered spaces: 8
Uncovered spaces: 8

Features

Patio & porch: Hardwood, Laminate Tile, Wall to Wall Carpet
Has view: Yes
View description: Lake
Has water view: Yes
Water view: Lake

Lot

Size: 0.46 Acres
Features: Open Lot, Paved, Cable TV, High Speed Internet, Patio

Details

Parcel number: 111397000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Products
Foundation: Slab
Roof: Composition

Condition

Good
Year built: 2007

Utilities & green energy

Electric: Company: Grant County PUD
Sewer: Sewer Connected, Company: City of Moses Lake
Water: Public, Company: City of Moses Lake
Utilities for property: Direct Tv, Century Link

Community & HOA

Community

Subdivision: Moses Lake

Location

Region: Moses Lake

Financial & listing details

Price per square foot: $149/sqft
Tax assessed value: $825,471
Annual tax amount: $8,501
Date on market: 3/2/2024
Cumulative days on market: 755 days
Listing terms: Conventional

Price history

Date	Event	Price
5/23/2024	Sold	$1,500,000-11.8%$149/sqft
Source: NWMLS as distributed by MLS GRID #2173703 Report a problem
2/5/2024	Pending sale	$1,699,900$169/sqft
Source: NWMLS as distributed by MLS GRID #2173703 Report a problem
12/8/2023	Listed for sale	$1,699,900$169/sqft
Source: NWMLS as distributed by MLS GRID #2173703 Report a problem
11/17/2023	Pending sale	$1,699,900$169/sqft
Source: NWMLS as distributed by MLS GRID #2173703 Report a problem
11/9/2023	Price change	$1,699,900-5.6%$169/sqft
Source: NWMLS as distributed by MLS GRID #2173703 Report a problem
10/23/2023	Listed for sale	$1,799,900+115.6%$179/sqft
Source: NWMLS as distributed by MLS GRID #2173703 Report a problem
12/31/2018	Sold	$835,000-12.1%$83/sqft
Source: Public Record Report a problem
10/2/2018	Pending sale	$950,000$95/sqft
Source: Windermere Real Estate/Central Basin LLC #1336654 Report a problem
7/31/2018	Listed for sale	$950,000+18.8%$95/sqft
Source: Windermere Real Estate/Central Basin LLC #1336654 Report a problem
6/15/2011	Sold	$800,000-6.4%$80/sqft
Source: Public Record Report a problem
9/11/2007	Sold	$855,000+1800%$85/sqft
Source: Public Record Report a problem
10/12/2006	Sold	$45,000$4/sqft
Source: NWMLS as distributed by MLS GRID #26110567 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$8,580 -11.8%	$825,471
2023	$9,727 +14.4%	$825,471 +16.5%
2022	$8,501 -21.2%	$708,400 -20.9%
2021	$10,788 +16.5%	$895,530 +21.7%
2020	$9,263	$735,920 -5.7%
2019	$9,263 -5.4%	$780,030 +6.5%
2018	$9,796 -15.1%	$732,480 +11.6%
2017	$11,533 +4.5%	$656,465 -1.2%
2016	$11,040 +6.3%	$664,190 -2.8%
2013	$10,382	$683,460
2011	--	$683,460 +49.4%
2010	$5,458 -1.8%	$457,410
2009	$5,555 +4084.6%	$457,410 +4474.1%
2007	$133	$10,000