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 Acre Lot

Sale Details

Date Sold: October 9, 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

Parking

  • Open Parking

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

Additional Features

  • 21,655 Sq Ft 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

0.5 Acres

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
  • Structure Type: Multi Family
  • 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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2024
Closed on
Oct 2, 2024
Sold by
Bought by
Seller's Agent
Jim Glackin
Windermere RE Skagit Valley
Buyer's Agent
Anna Polonsky
Skyline Properties, Inc.
List Price
$980,000
Sold Price
$860,000
Premium/Discount to List
-$120,000
-12.24%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$926,550
Interest Rate
0.0646%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 29, 2024
Closed on
Oct 1, 2024
Sold by
Bought by
Seller's Agent
Jim Glackin
Windermere RE Skagit Valley
Buyer's Agent
Anna Polonsky
Skyline Properties, Inc.
List Price
$980,000
Sold Price
$860,000
Premium/Discount to List
-$120,000
-12.24%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$926,550
Interest Rate
0.0646%
Mortgage Type
Construction
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$860,000 Land Title
-- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,142,500
Closed $926,550
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)
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