8792 116th Ave Se

Newcastle, Washington, 98056

Tax DeedpendingSells Oct 10, 2026 · tomorrow

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Beds: 5
Baths: 1
SqFt: 3,990
Lot Size: 10,841
Year Built: 2016
APN: 334630-0364

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
Length of Ownership: 1 Month
Purchase Method: Financed
County: King

Value

Estimated Value: $2,128,000
County Market Value: $1,780,000; 2025
Assessed Value: $1,780,000; 2025

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $548,250
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $2,050,000; 08/11/2026
MLS: $2,150,000; 09/13/2026
Document Type: Warranty Deed

Opportunity

Opening Bid: $26,704
Bid / Value: 1%; of $2,128,000
Property Tax 2025: $16,482; annual bill · not the amount owed
Equity (est.): $1,634,053; 76%
Monthly Rent: $3,446; HUD fair market rent (5 bd)
Gross Yield: 1.94%
Linked Properties: 2

Opening bid

$26,704

Assessed value

$1,780,000

Land $662,000Improvement $1,118,000

Market / AVM

$2,128,000

Property tax 2025

$16,482

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Shoukat Ali
Mailing Address: 8792 116th Ave Se, Newcastle, WA 98056
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Bedrooms: 5
Total Bathrooms: 1
Partial Bathrooms

Deal analysis

Date	Status	Price	Days on Market	Agent	Office
08/13/2026	Closed	$2,150,000	102	Wen Xie	Providential Real Estate LLC
07/24/2026	Pending	$2,150,000	51	Wen Xie	Providential Real Estate LLC
06/25/2026	Active	$2,150,000	49	Wen Xie	Providential Real Estate LLC

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #
08/10/2021	First	$548,250	Conventional	National Bank Of Kansas City	360	09/01/2051	20210810000348

Recorded	Position	Amount	Type	Lender	Rate Type	Term	Maturity	Doc #	Open
08/10/2021	First	$548,250	Conventional	National Bank Of Kansas City		360	09/01/2051	20210810000348	Yes
06/04/2018		$148,500	Credit Line (Revolving) / HELOC	First Technology Federal Cu	Variable			20180604000131	No
05/23/2016		$1,000,000	Unknown	Creative Equity Lending Llc				20160523001980	No

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
08/11/2026	08/13/2026	$2,050,000	Warranty Deed	20260813000498	Yes	Financed	Shoukat Ali	Blair E Doremus, Sophie X Doremus
12/17/2020	01/15/2021	$1,463,000	Warranty Deed	20210115000896	Yes	Cash Purchase	Blair E Doremus, Sophie X Doremus	Fuzheng Liu
08/29/2016	08/29/2016		Intrafamily Transfer	20160829001583	No

Your maximum bid

$1,296,558

Walk away above this. Projected profit at the ceiling: $638,400 (30% of ARV).

Opening bid $26,704

Room to bid $1,269,854

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$482,783

Under max by $813,775

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

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Median sold

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p(redeem) prior

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No historical bucket for WA|Tax Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $2,128,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $2,128,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$170,240
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical WA range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical WA recording and deed issuance cost.: −$250
Holding costs (6 months)assumed Taxes, insurance, and securing the property at ~$3,192/month.: −$19,152
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$638,400
Maximum bid: $1,296,558

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. A WASHINGTON TAX DEED CAN BE UNWOUND FOR THREE YEARS AND THE RECORD WILL NOT WARN YOU. RCW 84.64.070: "If the real property of any minor, or any person adjudicated to be legally incompetent, be sold for nonpayment of taxes, the same may be redeemed at any time within three years after the date of sale." Nothing in a title search reveals that a former owner was a minor or had been adjudicated incompetent, so this is a latent claim on every Washington parcel for three years. It is the reason quietTitle is marked required in a state whose deed is otherwise clean.
This is the most trustworthy derived ARV in the file — full market value, revalued every year — but the parcel is only physically inspected once every six years, so an annual revaluation is a model applied to a property nobody has looked at recently. On a tax-foreclosure parcel, where deterioration is the norm and is exactly what a model of comparable sales will miss, the assessment is likely to describe a building in better condition than the one being sold. Farm, agricultural, timber and open space land also has its own valuation basis outside RCW 84.40.030 and will sit far below market.

8792 116th Ave Se

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

8792 116th Ave Se

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Listing

MLS History

Area

Fair Market Rents

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

King County rules

Historical comps

Verify before you bid