Sold

Listed by: Keller Williams Seattle Metro • Charles Burnett

Bought with: KW Greater Seattle

$820,000

2701 S 257 Place, Kent, WA 98032

--beds

--baths

2,716sqft

Quadruplex, Multi Family

Built in 1977

-- sqft lot

$856,100 Zestimate^®

$302/sqft

$2,472 Estimated rent

Home value

$856,100

$813,000 - $899,000

$2,472/mo

Zestimate^® history

Owner options

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$2,472/mo

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$2,472/mo

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$4,994/mo

Est. payment

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$4,994/mo

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What's special

Freshly remodeledBrand new exterior paintNewer roofFully fenced yardsNewer windows

Solid, well-maintained fourplex. Three units have been freshly remodeled, newer roof (~5 years), brand new exterior paint, newer windows. Onsite coin op laundry and storage. Upper units have decks, and lower units have patios with fully fenced yards. Six parking spaces. Solid investment, or ideal for owner occupant looking for extra income. Plenty of upside potential in rents. One unit left intentionally vacant for showings/ owner occupant. 6.9% Cap Rate, 7.4% Market. High-demand rental conveniently located near shopping, restaurants, and public transit.

Facts & features

Interior

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Engineered Hardwood
Windows: Thermal Windows
Has fireplace: No

Interior area

Total structure area: 2,716
Total interior livable area: 2,716 sqft

Property

Parking

Total spaces: 6
Parking features: Open
Uncovered spaces: 6

Lot

Size: 7,409 Square Feet

Details

Parcel number: 9292900160
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family

Materials

Wood Products
Foundation: Poured Concrete
Roof: Composition

Condition

Year built: 1977
Major remodel year: 1996

Utilities & green energy

Sewer: Sewer Connected
Water: Public

Green energy

Energy efficient items: Thermal Windows

Community & HOA

Community

Subdivision: Kent

Location

Region: Kent

Financial & listing details

Price per square foot: $302/sqft
Tax assessed value: $855,000
Annual tax amount: $7,811
Date on market: 1/3/2024
Cumulative days on market: 931 days
Listing terms: Conventional,FHA,VA Loan

Price history

Date	Event	Price
1/29/2024	Sold	$820,000+153.9%$302/sqft
Source: NWMLS as distributed by MLS GRID #2180810 Report a problem
4/15/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
4/8/2021	Price change	$1,195-7.7%
Source: Zillow Rental Manager Report a problem
3/31/2021	Price change	$1,295-7.2%
Source: Zillow Rental Manager Report a problem
3/18/2021	Listed for rent	$1,395$1/sqft
Source: Zillow Rental Manager Report a problem
11/2/2015	Sold	$323,000+1.9%$119/sqft
Source: NWMLS as distributed by MLS GRID #841781 Report a problem
11/4/2014	Listing removed	$317,000$117/sqft
Source: Hawkins Poe Report a problem
10/12/2014	Price change	$317,000-0.9%$117/sqft
Source: Hawkins Poe Report a problem
9/24/2014	Price change	$320,000+0.9%$118/sqft
Source: Hawkins Poe Report a problem
9/17/2014	Price change	$317,000-0.9%$117/sqft
Source: Hawkins Poe Report a problem
9/15/2014	Price change	$320,000+0.9%$118/sqft
Source: Hawkins Poe Report a problem
8/16/2014	Price change	$317,000-0.9%$117/sqft
Source: Hawkins Poe Report a problem
8/14/2014	Price change	$320,000+0.9%$118/sqft
Source: Hawkins Poe Report a problem
8/12/2014	Price change	$317,000-0.9%$117/sqft
Source: Hawkins Poe Report a problem
7/10/2014	Listed for sale	$320,000+74.9%$118/sqft
Source: Hawkins Poe Report a problem
12/30/1999	Sold	$183,000+31.7%$67/sqft
Source: Public Record Report a problem
1/9/1997	Sold	$139,000$51/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,701 +14.9%	$855,000 +12.5%
2024	$7,574 -12.8%	$760,000 +2.4%
2023	$8,690 +11.3%	$742,000 +1.6%
2022	$7,811 -0.5%	$730,000 +14.4%
2021	$7,849 +9.9%	$638,000 +16.6%
2020	$7,141 +13.2%	$547,000 +15.2%
2019	$6,310 +22.1%	$475,000 +22.4%
2018	$5,167 -7.5%	$388,000 +13.8%
2017	$5,584 +32.4%	$341,000 +2.7%
2016	$4,219	$332,000 -0.9%
2015	$4,219	$335,000 +18.4%
2014	$4,219	$283,000 -3.1%
2013	$4,219	$292,000 -7.9%
2012	--	$317,000 +2.3%
2011	--	$310,000 -0.3%
2010	--	$311,000
2009	--	$311,000 +5.1%
2007	--	$296,000 +5.3%
2006	--	$281,000 +48.7%
2005	--	$189,000 +18.1%
2001	$2,132 +8.9%	$160,000 +13.7%
2000	$1,957	$140,700