Listed by Real Property Associates, Bought with Paragon Real Estate Advisors
$4,945,000
SOLD NOV 13, 2015
-- Bed
-- Bath
27,808 Sq Ft
0.82 Acres

Recently Sold

$178 Per Sq Ft

4% Above List Price

Highlights

  • Views of a Sound
  • 0.82 Acre Lot
  • Wood Siding
  • Edmonds Woodway High School Rated A-
  • Property is in very good condition
  • Wall to Wall Carpet

About This Home

As of September 2019

24 units in Downtown Edmonds. Property consists of two, 12 unit buildings on large street to street lot. 3 stories, mostly 2 bedroom units with private decks. Upper units have sound views. Plenty of off street parking. Each unit has a storage space and there is common, coin-op laundry. 1977 construction with mostly original cabinets and counters. Most units have been updated with new appliances, carpet and paint. Rents are low, many long term tenants with never a vacancy. Plenty of upside.

Last Agent to Sell the Property

Jay Young

Real Property Associates License #3049 Listed on: 09/09/2015

Last Buyer's Agent

Ryan Iles

Paragon Real Estate Advisors License #108410

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 845808

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,952

Year Built

  • Built in 1977

Lot Details

  • 0.82 Acre Lot
  • Property is in very good condition

Property Views

  • Views of a Sound
  • Territorial Views

Home Design

  • Poured Concrete
  • Bitumen Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 27,808 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 46 Parking Spaces
  • Open Parking

Community Details

  • Edmonds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 58200010070008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,952

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1977
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 27808
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 346

Interior Features

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

Exterior Features

  • Roof: Torch Down
  • View: Sound, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Stucco, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Snohomish Co PUD
  • SewerCompany: City of Edmonds
  • WaterCompany: City of Edmonds
  • WaterSewerGarbage: 21335

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 58200010070008
  • Lot Size Acres: 0.82
  • Lot Size Sq Ft: 35719
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: SCR
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 27745

Multi Family

  • Gross Scheduled Income: 334936
  • Net Operating Income: 244788
  • Number Of Units Total: 5
  • Electric Expense: 2470
  • Insurance Expense: 7604
  • Leasable Area: 25700
  • UnitsInBuildingTotal: 24
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 29952

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
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 845808

Northwest Multiple Listing Service (NWMLS)