Listed by Paragon Real Estate Advisors, Bought with Capstone Commercial
NOT LISTED FOR SALE
-- Bed
-- Bath
25,700 Sq Ft
0.82 Acres

Last Sold September 29, 2019

Last sale price $7,000,000 $272 Per Sq Ft

146 Days on Market

Highlights

  • Views of a Sound
  • 0.82 Acre Lot
  • Wall to Wall Carpet
  • Edmonds-Woodway High School Rated A-

About This Home

As of September 2019

Price Reduced! 24-unit apartment community located in the highly sought-after and walkable downtown Edmonds Bowl neighborhood. 2 large buildings on a single lot the property has had many upgrades in the last three years to position it well for this great location. Mostly large two-bedroom units with washers and dryers as well as storage lockers. Significant upside potential in rents and ample on-site parking.

Last Agent to Sell the Property

Ryan Iles

Paragon Real Estate Advisors License #108410 Listed on: 02/05/2019

Co-Listed By

Eric Smith

Paragon Real Estate Advisors License #3434

Last Buyer's Agent

John Downing

Capstone Commercial License #5176

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1408555

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $46,336

Year Built

  • Built in 1977

Lot Details

  • 0.82 Acre Lot

Property Views

  • Views of a Sound
  • Territorial Views

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 25,700 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 46 Parking Spaces
  • Open Parking

Community Details

  • Edmonds Bowl Subdivision

Listing and Financial Details

  • Assessor Parcel Number 582000100700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$46,336

Year Built

Built in 1977

Lot Details

0.82 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1977
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 25700
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: Sound, Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 46

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 582000100700
  • Lot Size Acres: 0.82
  • Lot Size Sq Ft: 35719
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 41735

Tax Info

  • Year: 2019
  • Tax Annual Amount: 46336

Multi Family

  • Number Of Units Total: 24
  • UnitsBelowGrade: false
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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 List to Sale Price per Sq Ft Prior Sale
09/29/2019 09/29/19 Sold $7,000,000 -2.7% $272 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
06/20/2019 06/20/19 Price Changed $7,195,000 -1.4% $280 / Sq Ft
06/20/2019 06/20/19 For Sale $7,295,000 +4.2% $284 / Sq Ft
06/18/2019 06/18/19 Off Market $7,000,000 -- --
02/05/2019 02/05/19 For Sale $7,295,000 +47.5% $284 / Sq Ft
11/13/2015 11/13/15 Sold $4,945,000 +4.1% $178 / Sq Ft View Prior Sale
09/09/2015 09/09/15 For Sale $4,750,000 -- $171 / Sq Ft
06/16/2015 06/16/15 Pending -- -- --
Source: Northwest Multiple Listing Service (NWMLS)

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 $53,981 $7,547,700 $1,826,800 $5,720,900
2024 $53,981 $7,587,100 $1,826,800 $5,760,300
2023 $49,235 $7,170,800 $1,826,800 $5,344,000
2022 $55,802 $6,681,700 $1,220,400 $5,461,300
2020 $46,966 $5,029,600 $1,120,400 $3,909,200
2019 $46,336 $4,998,000 $2,113,500 $2,884,500
2018 $53,630 $4,998,000 $1,917,300 $3,080,700
2017 $44,519 $4,341,000 $1,596,300 $2,744,700
2016 $30,173 $2,915,000 $1,391,200 $1,523,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1408555

Northwest Multiple Listing Service (NWMLS)
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