Listed by HomeSmart One Realty, Bought with HomeSmart Realty Group
NOT LISTED FOR SALE

103 W Gilman Ave Arlington, WA 98223

Estimated Value: $630,759 - $750,000

5 Beds
2 Baths
1,788 Sq Ft
$382/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $630,000 $352 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,108/month

5 Days on Market

Highlights

  • Corner Lot
  • Wall to Wall Carpet
  • 5-minute walk to Centinnenial Park
  • Wood Siding

About This Home

As of December 2021

MULTI-FAMILY, COMMERCIAL, MIXED USE! Attention investors! Duplex [on 4 lots] zoned OTBD3 with potential to develop. Zoning allows mixed-use w/50' height. High visibility, located directly across from the centennial trail, and within walking distance to shopping and restaurants. Both units are 2 beds 1 bath with laundry in units. Two detached outbuildings included. Unit 2 occupied with a lease through 8/2021 at $1250 per month, showing w/signed PSA . Showings subject to LL Tenant Law. -Unit 1 -lower unit is vacant and available to show.

Last Agent to Sell the Property

David Pardee

HomeSmart One Realty License #25710 Listed on: 10/15/2021

HomeSmart One Realty

Last Buyer's Agent

Cathy Shelly

HomeSmart Realty Group License #7399

HomeSmart Realty Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1853130

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,254

Year Built

  • Built in 1901

Lot Details

  • 9,148 Sq Ft Lot
  • Corner Lot
  • Property is in average condition

Parking

  • 2 Covered Spaces

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,788 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Outbuilding

Community Details

  • In Town Arlington Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00461801701700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,254

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1901
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1788
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 367

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Office, Retail
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Snohomish County PUD
  • SewerCompany: City of Arlington
  • WaterCompany: City of Arlington
  • WaterSewerGarbage: 1

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Annual Fuel Expense: 1

Schools

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

Lot Info

  • Parcel Number: 00461801701700
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9148
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Business,Commercial,Multi-Family,Office,Retail

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1
  • LeasedItems: None
  • TotalMonthlyIncome: 1

Multi Family

  • Gross Scheduled Income: 1
  • Net Operating Income: 1
  • Number Of Units Total: 2
  • Electric Expense: 1
  • Insurance Expense: 1
  • Leasable Area: 1788
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3254

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Dec 29, 2021
Sold by
Smith Jerry T and Davis Michelle A
Bought by
Strok Thomas S and Strok Amy L
Seller's Agent
David Pardee
HomeSmart One Realty
Buyer's Agent
Cathy Shelly
HomeSmart Realty Group
List Price
$649,950
Sold Price
$630,000
Premium/Discount to List
-$19,950
-3.07%
Current Estimated Value
$683,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,440
Avg. Annual Appreciation
2.25%
Original Mortgage
$465,000
Outstanding Balance
$429,431
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$254,009

Purchase Details

Closed on
Aug 27, 2018
Sold by
Shrivastava Niket
Bought by
Smith Jerry T and Davis Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 14, 2017
Closed on
Sep 19, 2017
Sold by
Sabnis Meeta
Bought by
Shrivastava Niket
Seller's Agent
Todd Fahlman
Realty One Group Orca
Buyer's Agent
Jennifer Beadles
Agents Invest
List Price
$300,000
Sold Price
$267,500
Premium/Discount to List
-$32,500
-10.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.54%
Original Mortgage
$200,625
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2001
Sold by
Oneill Charles B and Oneill Elaine M
Bought by
Fitch Anthony K P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,086
Interest Rate
7.21%
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
Strok Thomas S $630,000 Stewart Title
Smith Jerry T $325,000 Chicago Title
Shrivastava Niket -- First American Title
Shrivastava Niket $267,500 First American Title Ins Co
Fitch Anthony K P $87,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strok Thomas S $465,000
Previous Owner Smith Jerry T $225,000
Previous Owner Shrivastava Niket $200,625
Previous Owner Fitch Anthony K P $92,630
Previous Owner Fitch Anthony K P $85,086
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $630,000 -3.1% $352 / Sq Ft
10/20/2021 10/20/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $649,950 +143.0% $364 / Sq Ft
09/21/2017 09/21/17 Sold $267,500 -10.8% $150 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
07/14/2017 07/14/17 For Sale $300,000 -- $168 / 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 $4,699 $571,800 $206,800 $365,000
2024 $4,699 $546,800 $198,800 $348,000
2023 $3,906 $505,000 $186,800 $318,200
2022 $3,379 $361,600 $166,800 $194,800
2020 $2,621 $289,400 $119,600 $169,800
2019 $2,184 $235,000 $115,000 $120,000
2018 $2,079 $177,600 $110,400 $67,200
2017 $1,619 $141,100 $110,400 $30,700
2016 $1,656 $135,400 $101,200 $34,200
2015 $2,092 $165,000 $96,600 $68,400
2013 $2,038 $159,000 $96,600 $62,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1853130

Northwest Multiple Listing Service (NWMLS)

APN: 004618-017-017-00