Listed by Keller Williams Western Realty, Bought with John L. Scott Everett
NOT LISTED FOR SALE

10693 District Line Rd Burlington, WA 98233

Estimated Value: $534,239 - $673,000

4 Beds
1 Bath
1,596 Sq Ft
$381/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $506,000 $317 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,611/month

6 Days on Market

Highlights

  • Patio
  • Property is in very good condition
  • Wood Siding
  • Vinyl Plank Flooring
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of August 2021

Investor opportunity!! 2 bed/1 bath duplex located in peaceful, scenic farmland area, but conveniently located just minutes from town and freeway. New updates including flooring and fixtures. Large backyards are fenced and back up to a wooded area for lots of natural privacy. Each unit has it's own garage and separate washer/dryer for max rents. Tenants to leave by July 31st. Current rent rates are undervalued. Potential to increase cap rate, or live in one side and rent out the other. Plenty of parking. Only the 2nd owners-always maintained and cared for. If you've been looking for an investment property, you just found it.

Last Agent to Sell the Property

Jannelle Bernhardt

Keller Williams Western Realty License #128168 Listed on: 06/24/2021

Keller Williams Western Realty

Co-Listed By

Stacy LaCount

Keller Williams Western Realty License #27222

Last Buyer's Agent

Justin Harleman

John L. Scott Everett License #21009353

John L. Scott Everett

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1796485

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,450

Year Built

  • Built in 1975

Lot Details

  • 0.35 Acre Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,596 Sq Ft Home
  • 1-Story Property
  • Vinyl Plank Flooring

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Out Of District Middle School
  • Burlington Edison Hi High School

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Burlington Subdivision

Listing and Financial Details

  • Assessor Parcel Number P37866

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,450

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1975
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1596
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: N/A
  • WaterCompany: PUD
  • WaterSewerGarbage: 1200

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Burlington
  • High School: Burlington Edison Hi
  • Middle Or Junior School: Out of District

Lot Info

  • Parcel Number: P37866
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3000

Multi Family

  • Gross Scheduled Income: 36000
  • Net Operating Income: 28100
  • Number Of Units Total: 2
  • Insurance Expense: 3250
  • Leasable Area: 1596
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3450

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Aug 2, 2021
Sold by
Palmer Kyle and Palmer Carly
Bought by
Lampinen Colby and Lampinen Sara
Seller's Agent
Jannelle Bernhardt
Keller Williams Western Realty
Buyer's Agent
Justin Harleman
John L. Scott Everett
List Price
$499,000
Sold Price
$506,000
Premium/Discount to List
$7,000
1.4%
Current Estimated Value
$608,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,810
Avg. Annual Appreciation
4.55%
Original Mortgage
$496,835
Outstanding Balance
$452,450
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$156,360

Purchase Details

Listed on
Jun 26, 2019
Closed on
Jun 20, 2019
Sold by
Bb Schutte Investments Llc
Bought by
Palmer Kyle and Palmer Carly
Buyer's Agent
Brianne Pittis
NextHome Preview Properties
List Price
$346,000
Sold Price
$346,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.64%
Original Mortgage
$339,733
Interest Rate
4%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 1, 2013
Sold by
Schutte Robert L and Schutte Barbara C
Bought by
Bb Schutte Investments Llc

Purchase Details

Closed on
Aug 24, 2005
Sold by
Schutte Robert L and Schutte Barbara C
Bought by
Schutte Robert L and Schutte Barbara C
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
Lampinen Colby $506,000 Chicago Title
Palmer Kyle $346,000 None Available
Bb Schutte Investments Llc -- None Available
Schutte Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lampinen Colby $496,835
Previous Owner Palmer Kyle $339,733
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Sold $506,000 +1.4% $317 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $499,000 +44.2% $313 / Sq Ft
06/26/2019 06/26/19 Sold $346,000 0.0% $217 / Sq Ft
06/26/2019 06/26/19 For Sale $346,000 -- $217 / 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
2024 $4,591 $504,000 $291,100 $212,900
2023 $4,591 $482,200 $270,700 $211,500
2022 $2,352 $455,800 $281,700 $174,100
2021 $3,459 $212,900 $158,400 $54,500
2020 $3,459 $293,000 $0 $0
2019 $2,918 $277,800 $0 $0
2018 $3,170 $251,400 $0 $0
2017 $2,924 $216,100 $0 $0
2016 $2,495 $202,000 $90,500 $111,500
2015 $2,346 $181,400 $88,200 $93,200
2013 $2,764 $151,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1796485

Northwest Multiple Listing Service (NWMLS)

APN: P37866