NOT LISTED FOR SALE

Estimated Value: $713,000 - $832,000

8 Beds
4 Baths
2,661 Sq Ft
$290/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $820,000 $308 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,675/month

5 Days on Market

Highlights

  • 0.51 Acre Lot
  • Baseboard Heating
  • 1-Story Property
  • No HOA
  • Wall to Wall Carpet

About This Home

As of May 2024

Investment Opportunity! Rare find with 2 duplexes on an expansive lot – a fixer-upper's dream! Each unit boasts 2 beds, 1 bath, offering versatile living spaces. Ideal for savvy investors or DIY enthusiasts. Prime location near Boeing, shopping, and dining, ensuring convenience and potential for future value appreciation.

Last Agent to Sell the Property

Eric Nissen

Real Property Associates License #21017491 Listed on: 03/07/2024

Co-Listed By

Gordon Stephenson

Real Property Associates License #13279

Last Buyer's Agent

Eric Nissen

Real Property Associates License #21017491 Listed on: 03/07/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2194345

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,166

Year Built

  • Built in 1953

Lot Details

  • 0.51 Acre Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,661 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Fairmount Elementary School
  • Olympic View Mid Middle School
  • Mariner High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00538000014102

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,166

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1953
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2661
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mukilteo
  • High School: Mariner High
  • Middle Or Junior School: Olympic View Mid

Lot Info

  • Parcel Number: 00538000014102
  • Lot Size Acres: 0.51
  • Lot Size Sq Ft: 22216
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3200

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7166

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Fairmount Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Apr 18, 2024
Sold by
Payne R Gregory and Washington Trust Bank
Bought by
Azadani Ehsan Nasr and Esfahani Azam Nasr
Seller's Agent
Eric Nissen
Real Property Associates
Buyer's Agent
Eric Nissen
Real Property Associates
List Price
$756,000
Sold Price
$820,000
Premium/Discount to List
$64,000
8.47%
Views
13
Current Estimated Value
$771,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,000
Avg. Annual Appreciation
-3.64%
Original Mortgage
$615,000
Outstanding Balance
$603,971
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$167,029

Purchase Details

Closed on
May 28, 2018
Sold by
Payne R Gregory
Bought by
Snohomish County

Purchase Details

Closed on
Nov 7, 2003
Sold by
Meuser Warren F
Bought by
Payne R Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.72%
Mortgage Type
Unknown

Purchase Details

Closed on
May 9, 2001
Sold by
Bui Hoang
Bought by
Meuser Warren F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,400
Interest Rate
6.89%

Purchase Details

Closed on
Aug 26, 1997
Sold by
Brecher Erwin K and Kirby Andrea D
Bought by
Bui Hoang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Azadani Ehsan Nasr $820,000 Old Republic Title
Snohomish County -- None Available
Payne R Gregory -- Chicago Title
Meuser Warren F $245,700 Chicago Title Insurance Co
Bui Hoang $200,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Azadani Ehsan Nasr $615,000
Previous Owner Payne R Gregory $288,000
Previous Owner Meuser Warren F $233,400
Previous Owner Bui Hoang $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2024 05/20/24 Sold $820,000 +8.5% $308 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $756,000 -- $284 / 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 $7,716 $820,000 $579,300 $240,700
2024 $7,716 $870,000 $552,100 $317,900
2023 $7,166 $840,000 $524,900 $315,100
2022 $7,278 $726,000 $388,400 $337,600
2020 $6,581 $636,000 $375,600 $260,400
2019 $4,836 $456,000 $198,000 $258,000
2018 $4,752 $390,000 $175,000 $215,000
2017 $4,134 $342,000 $175,000 $167,000
2016 $3,693 $299,000 $130,000 $169,000
2015 $3,554 $262,000 $130,000 $132,000
2013 $3,352 $230,000 $130,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2194345

Northwest Multiple Listing Service (NWMLS)

APN: 005380-000-141-02