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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jim Glackin

    Seller's Agent in 2024

    Jim Glackin

    Windermere Corporate

    (360) 428-2828

    37 in this area

    77 Total Sales

    Jim Glackin
    Section Image

  • A

    Buyer's Agent in 2024

    Anna Polonsky

    Skyline Properties, Inc

    (206) 218-6172

    1 in this area

    19 Total Sales

    Anna Polonsky
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2195100

Northwest Multiple Listing Service (NWMLS)
Washington Skagit County Mount Vernon 98273

116 E Section St, Mount Vernon, WA

Not Listed for Sale

MultiFamily

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.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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