Listed by Windermere RE Skagit Valley, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

116 E Section St Mount Vernon, WA 98273

-- Bed
-- Bath
7,639 Sq Ft
0.5 Acres

Last Sold October 09, 2024

Last sale price $860,000 $113 Per Sq Ft

248 Days on Market

Highlights

  • 0.5 Acre Lot
  • No HOA
  • Wood Siding
  • Softwood Flooring

About This Home

As of October 2024

Large classic Mount Vernon grand home converted to apartments on extra large city lot. This property also contains 4 single-wide MU homes for additional rental income - total of 12 units. Very low vacancy and a very good income producing property. Refurbish units for additional income.

Last Agent to Sell the Property

Jim Glackin

Windermere RE Skagit Valley License #73821 Listed on: 01/29/2024

Windermere RE Skagit Valley

Last Buyer's Agent

Anna Polonsky

Skyline Properties, Inc. License #118106

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2195100

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,036

Year Built

  • Built in 1900

Lot Details

  • 0.5

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 7,639 Sq Ft Home
  • 3-Story Property

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Additional Features

  • 0.5 Acre Lot
  • Radiator

Community Details

  • No Home Owners Association
  • Mount Vernon Subdivision

Listing and Financial Details

  • Assessor Parcel Number P28262

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,036

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1900
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7639
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Softwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Fir/Softwood, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: city of Mount Vernon
  • WaterCompany: Skagit County PUD # 1

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 6600

Schools

  • Junior High Dist: Mount Vernon

Lot Info

  • Parcel Number: P28262
  • Lot Size Acres: 0.4971
  • Lot Size Sq Ft: 21655
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Appraisal
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • GrossRentMultiplier: 7.9
  • LeasedItems: None
  • TotalMonthlyIncome: 10350

Tax Info

  • Year: 2024
  • Tax Annual Amount: 9036
  • AdditionalTaxIds: P103333,P103351,P103352

Multi Family

  • Number Of Units Total: 12
  • EnergySource: Natural Gas
  • 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
10/09/2024 10/09/24 Sold $860,000 -12.2% $113 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $980,000 0.0% $128 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/29/2024 01/29/24 For Sale $980,000 -- $128 / Sq Ft
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 $9,023 $865,100 $555,400 $309,700
2024 $8,755 $814,200 $522,700 $291,500
2023 $8,755 $814,200 $522,700 $291,500
2022 $10,072 $814,200 $522,700 $291,500
2021 $7,464 $814,200 $522,700 $291,500
2020 $6,722 $561,400 $0 $0
2019 $4,840 $491,300 $0 $0
2018 $6,074 $397,100 $0 $0
2017 $5,600 $387,100 $0 $0
2016 $5,669 $350,900 $170,000 $180,900
2015 $6,193 $350,900 $170,000 $180,900
2013 $6,340 $370,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2195100

Northwest Multiple Listing Service (NWMLS)