Listed by Windermere RE Anacortes Prop., Bought with Windermere RE Anacortes Prop.
NOT LISTED FOR SALE

1117 16th St Unit 1&2 Anacortes, WA 98221

Estimated Value: $479,000 - $617,000

2 Beds
2 Baths
1,224 Sq Ft
$458/Sq Ft Est. Value

Last Sold February 26, 2021

Last sale price $452,000 $369 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,240/month

4 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 1-Story Property
  • Anacortes High School Rated A-

About This Home

As of February 2021

Excellent investment opportunity! Charming duplex in convenient in-town location. Easily accessible to downtown and local amenities. Each unit is 1 bedroom, 1 bath. Each unit has a small storage room and single car, detached garage.

Last Agent to Sell the Property

Cynthia Aanestad

Windermere RE Anacortes Prop. License #4099 Listed on: 01/25/2021

Windermere RE Anacortes Prop.

Last Buyer's Agent

Julie Birkle

Windermere RE Anacortes Prop. License #51686

Windermere RE Anacortes Prop.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1718929

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,577

Year Built

  • Built in 1935

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 30x100

Home Design

  • Duplex
  • Concrete Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,224 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Cable TV Available

Community Details

  • City Of Anacortes Condos
  • Anacortes Subdivision

Listing and Financial Details

  • Legal Lot and Block 9&10 / 52
  • Assessor Parcel Number 55217

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,577

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1935
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: City of Anacortes
  • New Construction: No
  • CalculatedSquareFootage: 1224
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Concrete Ribbon
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Anacortes
  • WaterCompany: City of Anacortes
  • WaterSewerGarbage: 1901

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Anacortes

Lot Info

  • Parcel Number: 55217
  • Lot Size Acres: 0.1377
  • Lot Size: 30x100
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 9&10

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2300

Multi Family

  • Gross Scheduled Income: 29340
  • Net Operating Income: 24064
  • Number Of Units Total: 2
  • Insurance Expense: 1118
  • Leasable Area: 1224
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2020
  • Tax Annual Amount: 2577

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Feb 24, 2021
Sold by
Foster Timothy M and Foster Sayuri
Bought by
Clark Steven N and Spring Stella M
Seller's Agent
Cynthia Aanestad
Windermere RE Anacortes Prop.
Buyer's Agent
Julie Birkle
Windermere RE Anacortes Prop.
List Price
$375,000
Sold Price
$452,000
Premium/Discount to List
$77,000
20.53%
Current Estimated Value
$560,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,849
Avg. Annual Appreciation
5.45%
Original Mortgage
$339,000
Outstanding Balance
$307,322
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$269,677

Purchase Details

Closed on
Dec 18, 2018
Sold by
Brackett Bruce W and Brackett Julia P
Bought by
Foster Timothy M and Foster Sayuri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2004
Sold by
Brackett Bruce W
Bought by
Brackett Bruce W and Brackett Julia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Clark Steven N $452,000 Land T&E Of Skagit & Island
Foster Timothy M $300,000 Chicago Title
Brackett Bruce W -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Steven N $339,000
Previous Owner Foster Timothy M $225,000
Previous Owner Brackett Bruce W $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold $452,000 +20.5% $369 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $375,000 -- $306 / 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 $3,206 $474,300 $344,500 $129,800
2023 $3,206 $424,800 $280,800 $144,000
2022 $2,836 $415,000 $271,800 $143,200
2021 $2,740 $331,400 $215,800 $115,600
2020 $2,577 $296,800 $0 $0
2019 $2,367 $273,500 $0 $0
2018 $2,273 $250,800 $0 $0
2017 $1,588 $216,900 $0 $0
2016 $1,652 $166,800 $97,500 $69,300
2015 $1,602 $166,800 $97,500 $69,300
2013 $1,618 $166,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1718929

Northwest Multiple Listing Service (NWMLS)

APN: P55217