Listed by Magnify Realty, Bought with KW North Sound
NOT LISTED FOR SALE

Estimated Value: $553,882 - $586,000

4 Beds
2 Baths
1,326 Sq Ft
$435/Sq Ft Est. Value

Last Sold January 17, 2024

Last sale price $550,000 $415 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,448/month

3 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Property is in very good condition
  • View Ridge Elementary School Rated A-
  • High Speed Internet
  • Property is Fully Fenced

About This Home

As of January 2024

A chance to own an incredible duplex in Everett! This property sits on a double lot with a long-term renter in one unit and another unit that is fully updated and vacant. Upgrades include a newer roof, all new kitchen and appliances, updated waterproof flooring, interior paint & hardware. Additional improvements include newer electrical on back unit, siding and insulation including attic insulation for tremendous energy savings. Very well lit units with newer windows and bright open floor plan. Two beds/1 bath each with unit B allowing for extra outlets and ports. There are many options for a first-time investor to live in one unit and rent out the other or for a seasoned investor to add this incredible asset to their existing portfolio!

Last Agent to Sell the Property

John Weston

Magnify Realty License #27235 Listed on: 12/12/2023

Last Buyer's Agent

Todd Duitsman

KW North Sound License #104651

KW North Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2183446

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,664

Year Built

  • Built in 1941

Lot Details

  • 6,970 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,326 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Forest Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00402900002200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,664

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1941
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1326
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 353

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 2164

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00402900002200
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6970
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,High Speed Internet
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 30.7
  • LeasedItems: None
  • TotalMonthlyIncome: 1040

Multi Family

  • Gross Scheduled Income: 17094
  • Net Operating Income: 9782
  • Number Of Units Total: 2
  • Insurance Expense: 1481
  • Leasable Area: 1326
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3664

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2023
Closed on
Jan 9, 2024
Sold by
Mengedoht Paul F and Mengedoht Deborah L
Bought by
Karrar Esmail and Naushina Esmail Naushina
Seller's Agent
John Weston
Magnify Realty
Buyer's Agent
Todd Duitsman
KW North Sound
List Price
$525,000
Sold Price
$550,000
Premium/Discount to List
$25,000
4.76%
Views
14
Current Estimated Value
$576,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,471
Avg. Annual Appreciation
0.52%
Original Mortgage
$412,500
Outstanding Balance
$407,246
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$147,349
Source: Public Records

Range of Values:

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Average Value
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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
Karrar Esmail $550,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karrar Esmail $412,500
Previous Owner Mengedoht Paul F $128,904
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2024 01/17/24 Sold $550,000 +4.8% $415 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
12/12/2023 12/12/23 For Sale $525,000 -- $396 / 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
2025 $3,687 $489,300 $335,000 $154,300
2024 $3,687 $429,300 $319,000 $110,300
2023 $3,664 $446,200 $329,000 $117,200
2022 $2,997 $327,300 $228,000 $99,300
2020 $3,127 $278,600 $190,000 $88,600
2019 $2,717 $243,600 $170,000 $73,600
2018 $2,521 $207,200 $145,000 $62,200
2017 $2,260 $185,000 $124,000 $61,000
2016 $2,351 $202,300 $107,000 $95,300
2015 $2,013 $163,100 $87,000 $76,100
2013 $1,843 $131,800 $55,000 $76,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2183446

Northwest Multiple Listing Service (NWMLS)

APN: 004029-000-022-00