Listed by Windermere R.E. Northeast, Inc, Bought with Skagit Tradition Realty, LLC
NOT LISTED FOR SALE

1133 E Fairhaven Ave Unit 1-14 Burlington, WA 98233

5 Beds
6 Baths
8,100 Sq Ft
0.37 Acres

Last Sold October 15, 2018

Last sale price $915,000 $113 Per Sq Ft

130 Days on Market

Highlights

  • Territorial View
  • Corner Lot
  • Wood Siding
  • Wood Flooring
  • High Speed Internet
  • 3-minute walk to Burlington Parks & Recreation

About This Home

As of October 2018

Downtown Burlington, 14 unit apartment building located in commercial area. Close to I-5 corridor, grossing over $123,000 thousand a year, with a proforma cap rate of 7.41&. Effective year 1972, 10 one bedroom units and 4 studios. Originally built as hospital, could be used as assisted living center, potential to add meters for utility charge back to raise cap rate up to 9-10%. Stucco exterior, lots of parking in area. Quiet neighborhood with parks, shopping within walking distance.

Last Agent to Sell the Property

Ron Volz

Windermere R.E. Northeast, Inc License #30194 Listed on: 04/23/2018

Windermere R.E. Northeast, Inc

Last Buyer's Agent

Carla Fischer

Skagit Tradition Realty, LLC License #118284

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1278888

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • Corner Lot

Home Design

  • Poured Concrete
  • Bitumen Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Utilities

  • Private Water Source
  • High Speed Internet
  • Cable TV Available

Community Details

  • 14 Units
  • Burlington Community

Listing and Financial Details

  • Assessor Parcel Number P71518

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Style: 56 - 10+ Units
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floor Covering: Hardwood, Laminate Tile, Vinyl, Wall To Wall Carpet
  • Estimated Sq Ft: 8100

Exterior Features

  • Exterior: Stucco, Wood
  • Foundation: Poured Concrete
  • Roof: Torch Down
  • View: Territorial

Garage/Parking

  • Numberof Uncovered Spaces: 20
  • Total Numberof Parking Spaces: 20

Utilities

  • Electrical Expenses: 11525
  • Heating Expenses: 1352
  • Water/Sewer/Garbage: 11994
  • Heating And Cooling: Baseboard, Hot Water Recirc Pump
  • Sewer: Sewer Connected
  • Water Company: Public
  • Water Source: Private

Condo/Co-op/Association

  • Numberof Units in Building: 14
  • Community Name: Burlington
  • Project: Fairhaven Apartments
  • Amenities: Basement, Coin Op Laundry, Storage

Schools

  • Elementary School: Edison Elem
  • High School: Buyer To Verify
  • School District: BRL

Lot Info

  • Lot Number: 13
  • General Zoning Classification: Commercial, Multi-Family
  • Lot Details: Alley, Corner Lot, Curbs, Paved Street, Sidewalk
  • Lot Sq Ft: 16207
  • Parcel Number: P71518
  • Zoning Jurisdiction: City

Multi Family

  • Gross Adjusted Income: 123917
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: 123917
  • Insurance Expenses: 4299
  • Other Expenses: 17621
  • Total Expenses: 55562
  • Total Monthly Income: 10560
  • Net Operating Income: 68354
  • Total Expenses: 55562

Tax Info

  • Tax Amount: 8769

Range of Values:

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Sold Price
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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
10/15/2018 10/15/18 Sold $915,000 -3.7% $113 / Sq Ft
08/31/2018 08/31/18 Pending -- -- --
07/05/2018 07/05/18 For Sale $950,000 0.0% $117 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $950,000 0.0% $117 / Sq Ft
04/26/2018 04/26/18 Pending -- -- --
04/23/2018 04/23/18 For Sale $950,000 +23.4% $117 / Sq Ft
07/19/2016 07/19/16 Sold $769,950 0.0% $95 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $769,950 -- $95 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Ron Volz

    Windermere Corporate

    (206) 295-2187

    36 Total Sales

    Ron Volz
    Section Image
  • Carla Fischer

    Buyer's Agent in 2018

    Carla Fischer

    Skagit Tradition Realty, LLC

    (360) 982-0010

    2 in this area

    91 Total Sales

    Carla Fischer
    Section Image

  • S

    Buyer Co-Listing Agent in 2018

    Suzanne Jenkins

    Skagit Tradition Realty, LLC

    (360) 424-0300

    9 Total Sales

    Suzanne Jenkins
    Section Image
  • Wendy Pedersen

    Seller's Agent in 2016

    Wendy Pedersen

    Every Door Real Estate

    (425) 232-4266

    29 Total Sales

    Wendy Pedersen
    Section Image
  • Donna Marshall

    Seller Co-Listing Agent in 2016

    Donna Marshall

    Skyline Properties, Inc

    (425) 422-0954

    34 Total Sales

    Donna Marshall
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1278888

Northwest Multiple Listing Service (NWMLS)
Washington Skagit County Burlington 98233

1133 E Fairhaven Ave Unit 1-14, Burlington, WA

This home is located at 1133 E Fairhaven Ave Unit 1-14, Burlington, WA 98233 since 23 April 2018. This property was built in 1910. 1133 E Fairhaven Ave Unit 1-14 is a home located in Skagit County with nearby schools including Burlington Edison High School, Burlington Little School, and Salish Sea Deaf School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Based on information submitted to the MLS GRID

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