NOT LISTED FOR SALE

Estimated Value: $1,058,609 - $1,204,000

4 Beds
2 Baths
3,456 Sq Ft
$334/Sq Ft Est. Value

Last Sold January 17, 2014

Last sale price $405,000 $117 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $6,800/month

16 Days on Market

Highlights

  • Patio
  • Wood Siding
  • Wall to Wall Carpet
  • Partially Fenced Property

About This Home

As of January 2014

Everett Investment Property Four-plex fully leased with over 7% CAP Rate. Townhouse 2 story design, new fencing in rear and sides of lot. Identical interiors, all w/2 bdrm, 1.5 bath w/full appliances (laundry in each unit - lower floor). NOI is $29,683.00. GRM at 10.89%. Everett School District, walking distance to shopping and major Bus Routes. Close to school Bus drops. Zoned B2, 3456 sq. ft. building with 8712 sq. ft. lot. Units each approx. 864 sq. ft.

Last Listed By

Scott Phariss

Windermere R.E. Shoreline License #26137 Listed on: 12/03/2013

Windermere R.E. Shoreline

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 571001

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,193

Year Built

  • Built in 1976

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 120 x 75
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,456 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Lowell Elementary School
  • Evergreen Mid Middle School
  • Cascade High School

Community Details

  • Beverly Hills Div 1 Condos
  • Madison Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / 5
  • Assessor Parcel Number 00392800500800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,193

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Beverly Hills DIV 1
  • New Construction: No
  • CalculatedSquareFootage: 3456
  • Special Features: None
  • Cumulative Days on Market: 263

Interior Features

  • Possible Use: Business
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TBD
  • SewerCompany: TBD
  • WaterCompany: TBD
  • WaterSewerGarbage: 2808

Schools

  • Junior High Dist: Everett
  • High School: Cascade High
  • Middle Or Junior School: Evergreen Mid

Lot Info

  • Parcel Number: 00392800500800
  • Lot Size Acres: 0.2
  • Lot Size: 120 x 75
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • ZoningJurisdiction: City
  • ZoningClass: Business
  • LotNumber: 8

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 3175

Multi Family

  • Gross Scheduled Income: 38100
  • Net Operating Income: 29683
  • Number Of Units Total: 4
  • Insurance Expense: 816
  • Leasable Area: 3456
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2013
  • Tax Annual Amount: 4193

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2013
Closed on
Jan 14, 2014
Sold by
Quach Binh K and Quach Tam L
Bought by
Katz Lawrence
Seller's Agent
Scott Phariss
Windermere R.E. Shoreline
Buyer's Agent
Casey Price
Windermere Real Estate M2 LLC
List Price
$415,000
Sold Price
$405,000
Premium/Discount to List
-$10,000
-2.41%
Total Days on Market
16
Current Estimated Value
$1,154,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$749,402
Avg. Annual Appreciation
9.69%

Purchase Details

Closed on
Mar 15, 2005
Sold by
Coffey Paul and Coffey Deborah R
Bought by
Quach Binh K and Quach Tam L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,400
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 1999
Sold by
Neilson George H and Neilson Billie J
Bought by
Coffey Paul and Coffey Deborah R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,273
Interest Rate
7.66%
Mortgage Type
FHA

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
Katz Lawrence $405,280 First American Title Ins Co
Quach Binh K $380,500 Lawyers Title Agency Of Wash
Coffey Paul $255,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quach Binh K $276,000
Previous Owner Quach Binh K $304,400
Previous Owner Coffey Paul $253,273
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2014 01/17/14 Sold $405,000 -2.4% $117 / Sq Ft
12/20/2013 12/20/13 Pending -- -- --
12/03/2013 12/03/13 For Sale $415,000 -- $120 / 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 $8,086 $951,300 $383,000 $568,300
2024 $8,086 $940,400 $358,000 $582,400
2023 $6,173 $750,500 $358,000 $392,500
2022 $6,147 $670,500 $238,200 $432,300
2020 $6,720 $597,900 $238,200 $359,700
2019 $5,838 $522,800 $238,200 $284,600
2018 $5,444 $446,880 $127,000 $319,880
2017 $4,880 $399,000 $119,000 $280,000
2016 $4,422 $380,000 $113,500 $266,500
2015 $4,694 $380,000 $110,000 $270,000
2013 $4,193 $299,500 $100,000 $199,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 571001

Northwest Multiple Listing Service (NWMLS)

APN: 003928-005-008-00