Listed by Realty One Group Orca
NOT LISTED FOR SALE

Estimated Value: $871,000 - $915,000

6 Beds
4 Baths
2,290 Sq Ft
$391/Sq Ft Est. Value

Last Sold May 10, 2016

Last sale price $394,200 $172 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $5,270/month

85 Days on Market

Highlights

  • 0.5 Acre Lot
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of May 2016

LOCATION, LOCATION, LOCATION Always rented 100% 3 bedroom, 2 bath units with OVERSIZED 2 car garages. 1/2 ACRE lot, with storage shed. Located blocks within Lake Stevens downtown and park.
Best value in Lake Stevens on a price per sq. ft. basis, w/ location, w/ size of property, w/ monthly rental income stream.

Last Agent to Sell the Property

Jim Scott

Realty One Group Orca License #106190 Listed on: 01/20/2016

Realty One Group Orca

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 886718

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,000

Year Built

  • Built in 2003

Lot Details

  • 0.5 Acre Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,290 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Community Details

  • Lake Stevens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 29060800218800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,000

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2003
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2290
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 430

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: Lake Stevens
  • WaterCompany: PUD
  • WaterSewerGarbage: 2500

Schools

  • Junior High Dist: Lake Stevens

Lot Info

  • Parcel Number: 29060800218800
  • Lot Size Acres: 0.5005
  • Lot Size Sq Ft: 21800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: SCR
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 2575

Multi Family

  • Gross Scheduled Income: 30900
  • Net Operating Income: 28400
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 2290
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 4000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2016
Closed on
May 3, 2016
Sold by
11902 22Nd St Ne Llc
Bought by
Glacier Peak Investments Llc
Seller's Agent
Jim Scott
Realty One Group Orca
List Price
$425,000
Sold Price
$394,200
Premium/Discount to List
-$30,800
-7.25%
Current Estimated Value
$886,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$492,471
Avg. Annual Appreciation
9.17%

Purchase Details

Closed on
Mar 5, 2014
Sold by
Scott James D and Scott Denise M
Bought by
11902 22Nd St Ne Llc

Purchase Details

Closed on
Jan 22, 2009
Sold by
Citibank Na
Bought by
Scott James D and Scott Denise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,000
Interest Rate
5.49%
Mortgage Type
Unknown

Purchase Details

Closed on
May 30, 2008
Sold by
Parker Ronald L
Bought by
Citibank Na

Purchase Details

Closed on
Aug 23, 2004
Sold by
Partners Mortgage Corp
Bought by
Parker Ronald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,320
Interest Rate
6.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 5, 2004
Sold by
Correa Construction Inc
Bought by
Groll Corp P/S Plan and Sarms Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,320
Interest Rate
6.4%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Glacier Peak Investments Llc $394,200 First American Title Ins Co
11902 22Nd St Ne Llc -- None Available
Scott James D $290,000 Rainier Title
Citibank Na $376,398 Fidelity National Title
Parker Ronald L $11,235 Pnwt
Groll Corp P/S Plan $281,148 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scott James D $195,000
Previous Owner Scott James David $49,999
Previous Owner Scott James D $193,000
Previous Owner Parker Ronald L $340,000
Previous Owner Parker Ronald L $226,320
Closed Parker Ronald L $56,580
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2016 05/10/16 Sold $394,200 -7.2% $172 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $425,000 -- $186 / 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 $6,776 $771,900 $333,900 $438,000
2024 $6,776 $737,500 $299,500 $438,000
2023 $6,754 $797,600 $349,700 $447,900
2022 $6,331 $592,200 $253,000 $339,200
2020 $5,740 $501,400 $218,600 $282,800
2019 $5,260 $450,800 $195,300 $255,500
2018 $5,122 $411,600 $160,900 $250,700
2017 $4,091 $369,500 $135,800 $233,700
2016 $4,070 $341,800 $121,800 $220,000
2015 -- $305,900 $100,400 $205,500
2013 $3,445 $233,900 $67,900 $166,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 886718

Northwest Multiple Listing Service (NWMLS)

APN: 290608-002-188-00