NOT LISTED FOR SALE

10425 19th Ave SE Unit A Everett, WA 98208

Silver Lake Neighborhood

Estimated Value: $882,036 - $1,076,000

6 Beds
6 Baths
3,038 Sq Ft
$321/Sq Ft Est. Value

Last Sold March 01, 2016

Last sale price $418,625 $138 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $5,956/month

46 Days on Market

Highlights

  • Deck
  • Wood Siding
  • Wall to Wall Carpet
  • Territorial View

About This Home

As of March 2016

These large 3 bedroom 2.5 bath units are high demand rental units in great condition and centrally located to everything Everett. The owner hired an inspector and completed the punch list prior to putting on the market. This is a tremendous turnkey opportunity for an investor to own side/by/side duplexes (see MLS #848256). Tenants pay all the utilities, owner pays insurance and taxes. Drive by only, no sign on property; do not disturb the tenants, inspection upon mutual acceptance.

Last Listed By

Vince Grant

RE/MAX Elite License #41821 Listed on: 09/16/2015

RE/MAX Elite

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 848229

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,147

Year Built

  • Built in 1997

Lot Details

  • 6,098 Sq Ft Lot
  • Street terminates at a dead end
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,038 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Monroe Elementary School
  • Eisenhower Mid Middle School
  • Cascade High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Silver Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28052000205800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,147

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1997
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3038
  • Special Features: None
  • Cumulative Days on Market: 307

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 0

Schools

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

Lot Info

  • Parcel Number: 28052000205800
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2900

Multi Family

  • Gross Scheduled Income: 34800
  • Net Operating Income: 28859
  • Number Of Units Total: 2
  • Insurance Expense: 750
  • Leasable Area: 3038
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2015
  • Tax Annual Amount: 4147

MLS Schools

  • Elementary School: Monroe Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2015
Closed on
Jan 25, 2016
Sold by
Mayhews Property Management Llc
Bought by
The John W & Debbie Chi Man Cornell Fami and Cornell Debbie Lee
List Price
$425,000
Sold Price
$418,625
Premium/Discount to List
-$6,375
-1.5%
Total Days on Market
46
Current Estimated Value
$973,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$555,134

Purchase Details

Closed on
Jan 31, 2009
Sold by
Bassi Gurdarshan S and Bassi Jasbir K
Bought by
Mayhews Property Management Llc

Purchase Details

Closed on
Jun 27, 2005
Sold by
Hinchleffe Martha Jan and Hinchliffe Michael S
Bought by
Bassi Gurdarshan S and Bassi Jasbir K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 18, 1997
Sold by
Selby Johnson Construction Inc
Bought by
Hinchliffe Michael S and Hinchliffe Martha Jan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
7.85%

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
The John W & Debbie Chi Man Cornell Fami $418,625 Chicago Title
Mayhews Property Management Llc $2,808 None Available
Bassi Gurdarshan S $405,000 Fidelity National Title
Hinchliffe Michael S $270,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bassi Gurdarshan S $100,000
Previous Owner Bassi Gurdarshan S $38,000
Previous Owner Bassi Gurdarshan S $69,000
Previous Owner Bassi Gurdarshan S $243,000
Previous Owner Hinchliffe Michael S $243,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2016 03/01/16 Sold $418,625 -1.5% $138 / Sq Ft
11/02/2015 11/02/15 Pending -- -- --
09/16/2015 09/16/15 For Sale $425,000 -- $140 / 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 $6,058 $780,000 $342,000 $438,000
2024 $6,058 $720,000 $326,000 $394,000
2023 $5,548 $690,000 $308,000 $382,000
2022 $5,387 $602,000 $264,000 $338,000
2020 $5,151 $468,000 $202,100 $265,900
2019 $4,858 $445,000 $168,000 $277,000
2018 $5,301 $445,000 $130,500 $314,500
2017 $4,952 $415,000 $130,500 $284,500
2016 $4,436 $391,900 $130,500 $261,400
2015 $4,147 $345,000 $126,500 $218,500
2013 $4,113 $300,000 $115,000 $185,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 848229

Northwest Multiple Listing Service (NWMLS)

APN: 280520-002-058-00