Listed by Real Property Associates, Bought with HomeSmart Real Estate Assoc
NOT LISTED FOR SALE
2 Beds
2 Baths
6,898 Sq Ft
10,791 Sq Ft Lot

Last Sold August 20, 2024

Last sale price $2,533,300 $367 Per Sq Ft

8 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Ceramic Tile Flooring
  • Maywood Hills Elementary School Rated A
  • No HOA
  • Baseboard Heating

About This Home

As of August 2024

An exceptional investment opportunity, this immaculate 8-unit condo quality apartment building is on a 11,050' corner lot just blocks from the heart of downtown Bothell. Built in 1990, with the same ownership since 1991, it features seven 2 BR/1.5 BTH units and one studio, all with stove/range, refrigerator, dishwasher, microwave and washer/dryer units. The 2BR units also feature private decks and wood-burning fireplaces. The complex features 2-stories of living space above a ground level with secured underground parking garage. Just blocks from downtown Bothell - and easy walk to QFC, Main Street Bothell, BG Trail system & so much more. Excellent for an owner/occupant or as a turn-key investment property.

Last Agent to Sell the Property

Christie Elliott

Real Property Associates License #21018236 Listed on: 07/22/2024

Co-Listed By

Gordon Stephenson

Real Property Associates License #13279

Last Buyer's Agent

Bobby Wright

HomeSmart Real Estate Assoc License #117127

HomeSmart Real Estate Assoc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2266628

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,243

Year Built

  • Built in 1990

Lot Details

  • 10,791 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,898 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 10 Parking Spaces
  • 10 Covered Spaces

Schools

  • Maywood Hills Elementary School
  • Canyon Park Middle School
  • Bothell High School

Additional Features

  • Deck
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Bothell Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0968800000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,243

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1990
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6898
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Fire Sprinklers,See Remarks,Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 10
  • Carport Y N: No
  • Covered Parking Spaces: 10
  • Open Parking: No
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bothell
  • WaterCompany: City of Bothell
  • WaterSewerGarbage: 13127.88

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Northshore
  • High School: Bothell Hs
  • Middle Or Junior School: Canyon Park Middle School

Lot Info

  • Parcel Number: 0968800000
  • Lot Size Acres: 0.2477
  • Lot Size Sq Ft: 10791
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Tax
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.05
  • LeasedItems: None
  • TotalMonthlyIncome: 14765

Multi Family

  • Gross Scheduled Income: 170760
  • Net Operating Income: 107947
  • Number Of Units Total: 8
  • Insurance Expense: 4300
  • Leasable Area: 6898
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2024
  • Tax Annual Amount: 22243
  • AdditionalTaxIds: 0968800010,0968800020,0968800030,0968800040,0968800050,0968800060,0968800070

MLS Schools

  • Elementary School: Maywood Hills Elem

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2024 08/20/24 Sold $2,533,300 +5.6% $367 / Sq Ft
07/30/2024 07/30/24 Pending -- -- --
07/22/2024 07/22/24 For Sale $2,400,000 -- $348 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2266628

Northwest Multiple Listing Service (NWMLS)