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202 1st Avenue South

202 1st Avenue South, Kent, WA 98032
Property in Downtown Kent
Local assessors in Kent, WA have categorized 202 1st Avenue South as a commercial type of property. The home was built in 1946 and is 78 years old. It was most recently renovated and altered in 2010. The property's lot size has been calculated to be 9,201 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 202 1st Avenue South is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 202 1st Avenue South sold most recently in Apr 9, 2019 for a total of $2,575,000. If you work out the math, that's approximately a cost of $651.90 per sqft. Before that, the property was also sold for $385,000 in Jan 5, 1999. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $28,381 in taxes each year. 202 1st Avenue South was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,641,200. If we break it down further, the land itself was valued at $202,400. Improvements to the property, however, were assessed at a total of $2,438,800. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 2010
  • Building Count: 2
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Custom
  • Floor Count: 1
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,201
  • Total Building Area: 3,950
  • Gross Building Area: 8,216
  • Building Area: 8,216
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Land Acres: 0.211
  • Standard Land Use Code: Restaurant
  • Legal Description 1: POR OF SE 1/4 OF NE 1/4 W OF N P R/W & E OF 1ST AVE & S OF W GOWE ST LESS S 363.75 FT THOF

Ownership

  • Current Owner : WILD WHEAT HOLDINGS LLC
  • Previous Owner : HANDMAN MARK
  • Previous Owner 2: HANDMAN MARJA
  • Owner Before Previous Owner: MEZISTRANO JERRY
  • Owner Before Previous Owner 2: MEZISTRANO ROSA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Kent School District
  • Census Tract: 029701

Zoning

  • Zoning: DC

Geography

  • Account Number: 242204901209
  • District: KENT
  • Parcel: 242204-9012
  • Block: 12
  • Lot: 242204
  • Meridian: SEC 24 TWN 22 RNG 04
  • Municipality: KENT
  • Latitude: 47.3806
  • Longitude: -122.233

    Address

  • Full Address: 202 1st Ave S
  • Address - House Number: 202
  • Street Segment Direction: S
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Kent
  • Carrier Code: C001
  • 4-Digit Zip Code: 5954
  • Zip Code: 98032

Valuation

    Tax

  • Total Area: 8,216
  • Tax Year: 2024
  • Tax Amount: $28,381
  • Tax Rate Code Area: 1526

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,291,000
  • First Open Lien Mortgage Lender: UNIBANK
  • First Open Lien Mortgage Recording Date: Apr 12, 2019
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $2,291,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $2,641,200
  • Market Land Value: $202,400
  • Market Improvement Value: $2,438,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,641,200
  • Assessed Land Value: $202,400
  • Assessed Improvements Value: $2,438,800

    Sales

  • Current Sale Contract Date: Apr 09, 2019
  • Current Sale Recording Date: Apr 12, 2019
  • Current Sale Transaction ID: 11598109491
  • Current Sale Price: $2,575,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20190412000180
  • Previous Sale Recording Date: Jan 11, 1999
  • Previous Sale Contract Date: Jan 05, 1999
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNIBANK
  • First Mortgage Transaction Date: Apr 12, 2019
  • First Mortgage Loan Amount: $2,291,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: KEYBANK NATIONAL ASSN
  • Previous Mortgage Transaction Date: Jan 11, 1999
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $235,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Downtown Kent



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Frequently Asked Questions

What neighborhood is 202 1st Avenue South located in?
The 202 1st Avenue South is a located in the neighborhood of Downtown Kent in Downtown Kent, Kent.
What is the average sales price for listings in 202 1st Avenue South?
The average sales price for units in 202 1st Avenue South is $0 currently.

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