NOT LISTED FOR SALE

Estimated Value: $1,002,000 - $1,118,711

8 Beds
6 Baths
3,908 Sq Ft
$278/Sq Ft Est. Value

Last Sold April 16, 2020

Last sale price $700,000 $179 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,601/month

35 Days on Market

Highlights

  • Patio
  • High Speed Internet
  • Partially Fenced Property
  • Glenwood Elementary School Rated A-
  • Property is in very good condition
  • Wood Siding

About This Home

As of April 2020

Fantastic investment opportunity in Lake Stevens. In desirable neighborhood with easy access HWY-9 and I-5. Pride of ownership. Each unit is 1,954 sq ft with 4 bedrooms, 2.5 baths and gas fireplaces. The master bedroom has walk-in closet and its own 5 piece bathroom. Smart floorplan with nice size living room, family room and dinning area. Upstairs laundry room. Gas heat and hot water. One unit is below market rate, moving out in May, CAP rate will rise with new renter. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Mike Kellogg

Redfin License #122547 Listed on: 03/12/2020

Redfin

Co-Listed By

Sheli Kellogg

Redfin License #128787

Last Buyer's Agent

Mike Kellogg

Redfin License #122547 Listed on: 03/12/2020

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1576473

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,206

Year Built

  • Built in 2008

Lot Details

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

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 3,908 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Hewitt Ridge Condos
  • Lake Stevens Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 00470800000802

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,206

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2008
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Hewitt Ridge
  • New Construction: No
  • CalculatedSquareFootage: 3908
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 405

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very 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
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PUD
  • SewerCompany: Lake Stevens Sewer District
  • WaterCompany: PUD
  • WaterSewerGarbage: 2064

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Lake Stevens
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00470800000802
  • Lot Size Acres: 0.25
  • Lot Size: Irregular
  • Lot Size Sq Ft: 10890
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 2

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 3772

Multi Family

  • Gross Scheduled Income: 45264
  • Net Operating Income: 33907
  • Number Of Units Total: 2
  • Insurance Expense: 1461
  • Leasable Area: 3908
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 100

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6206

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
May 15, 2020
Sold by
Ward Jonathan E and Ward Sharon L
Bought by
Slater Ryan and Slater Taylor
Seller's Agent
Mike Kellogg
Redfin
Buyer's Agent
Mike Kellogg
Redfin
List Price
$775,000
Sold Price
$700,000
Premium/Discount to List
-$75,000
-9.68%
Current Estimated Value
$1,084,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$384,928
Avg. Annual Appreciation
8.01%
Original Mortgage
$502,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2010
Sold by
Federal Deposit Insurance Corporation
Bought by
Union Bank Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2010
Sold by
Union Bank Na
Bought by
Ward Jonathan E and Ward Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2010
Sold by
Granville Homes Inc
Bought by
Frontier Bank

Purchase Details

Closed on
Jun 18, 2007
Sold by
Schneider Eric and Schneider Kristen Lynn
Bought by
Granville Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.16%
Mortgage Type
Construction
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
Slater Ryan $700,000 Chicago Title
Union Bank Na $112,359 None Available
Ward Jonathan E $385,000 First American
Frontier Bank $425,000 None Available
Granville Homes Inc $720,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slater Ryan $513,000
Closed Slater Ryan $502,000
Previous Owner Ward Jonathan E $275,000
Previous Owner Granville Homes Inc $560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2020 04/16/20 Sold $700,000 -6.0% $179 / Sq Ft
04/16/2020 04/16/20 Pending -- -- --
04/07/2020 04/07/20 Price Changed $745,000 -3.9% $191 / Sq Ft
03/12/2020 03/12/20 For Sale $775,000 -- $198 / 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 $8,819 $1,019,100 $343,000 $676,100
2024 $8,819 $959,600 $307,000 $652,600
2023 $8,395 $992,600 $318,000 $674,600
2022 $7,586 $738,500 $231,000 $507,500
2020 $6,791 $617,300 $195,000 $422,300
2019 $6,206 $552,800 $174,000 $378,800
2018 $6,512 $521,100 $148,000 $373,100
2017 $5,306 $476,900 $124,000 $352,900
2016 $4,991 $415,300 $111,000 $304,300
2015 $5,079 $394,000 $97,000 $297,000
2013 $4,806 $322,100 $74,000 $248,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1576473

Northwest Multiple Listing Service (NWMLS)

APN: 004708-000-008-02