Listed by Windermere RE Arlington, Bought with CENTURY 21 Real Estate Center
NOT LISTED FOR SALE

122 E Gilman Ave Arlington, WA 98223

Estimated Value: $666,000 - $850,000

Studio
4 Baths
2,400 Sq Ft
$308/Sq Ft Est. Value

Sale Details

Date Sold: May 15, 2020

Last sale price $475,000 $198 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,291 / mo

27 Days on Market

Highlights

  • Patio
  • High Speed Internet
  • 1-Story Property
  • Ceramic Tile Flooring
  • Partially Fenced Property
  • 2-minute walk to Centinnenial Park

About This Home

As of May 2020

Investment opportunity conveniently located in downtown Arlington. 4-plex w/ each unit at 600sqft, 2bd/1ba w/ good size family room & kitchen. 2 units have been recently updated. On site laundry, new fence in front, new exterior paint, off street parking, common areas, & storage for each units. Centennial trail, stores, shops, services, restaurants & great schools just blocks away. Easy access to Hwy9 & minutes to I5. Please do not disturb tenants.

Last Agent to Sell the Property

Suzanne Schempp

Windermere RE Arlington License #25449 Listed on: 03/18/2020

Windermere RE Arlington

Last Buyer's Agent

Bill Jordan

CENTURY 21 Real Estate Center License #24033359

CENTURY 21 Real Estate Center

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1579850

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,722

Year Built

  • Built in 1953

Lot Details

  • 4,792 Sq Ft Lot
  • Partially Fenced Property
  • Property is in average condition

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Stucco
  • Wood Composite

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Haller City Condos
  • Arlington Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 7
  • Assessor Parcel Number 461800700300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,722

Year Built

Built in 1953

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1953
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Haller City
  • New Construction: No
  • CalculatedSquareFootage: 2400
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Snohomish PUD
  • SewerCompany: City of Arlington
  • WaterCompany: City of Arlington

Schools

  • Junior High Dist: Arlington
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 461800700300
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4792
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: County
  • LotNumber: 3

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3800

Tax Info

  • Year: 2019
  • Tax Annual Amount: 3722

Multi Family

  • Number Of Units Total: 4
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2020
Closed on
May 13, 2020
Sold by
Klein Adrian P
Bought by
Rental Number 2 Llc
Seller's Agent
Suzanne Schempp
Windermere RE Arlington
Buyer's Agent
Bill Jordan
CENTURY 21 Real Estate Center
List Price
$565,000
Sold Price
$475,000
Premium/Discount to List
-$90,000
-15.93%
Current Estimated Value
$739,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,960
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
May 17, 2010
Sold by
Chrisman Keith D and Chrisman Jennifer E
Bought by
Klein Adrian P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,750
Interest Rate
5.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2004
Sold by
Kane Michael L and Kane Patricia J
Bought by
Chrisman Keith D and Chrisman Jennifer E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,100
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2003
Sold by
Glenwood Creek Investments Llc
Bought by
Kane Michael L and Kane Patricia J

Purchase Details

Closed on
May 9, 2000
Sold by
Oconnor David R
Bought by
Glenwood Creek Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
8.22%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 20, 1995
Sold by
Oehler Bill L and Oehler Cathy
Bought by
Oconnor David R

Purchase Details

Closed on
Nov 14, 1995
Sold by
Oehler C Leo
Bought by
Oconnor David R
Source: Public Records

Range of Values:

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

Purchase History

Date Buyer Sale Price Title Company
Rental Number 2 Llc $475,000 First American Title
Klein Adrian P $295,280 Chicago Title
Chrisman Keith D $242,800 Chicago Title
Kane Michael L -- --
Glenwood Creek Investments Llc $170,000 --
Oconnor David R $30,175 Transamerica Title Ins Co
Oconnor David R $35,060 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Klein Adrian P $191,750
Previous Owner Chrisman Keith D $182,100
Previous Owner Glenwood Creek Investments Llc $166,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2020 05/15/20 Sold $475,000 -15.9% $198 / Sq Ft
04/14/2020 04/14/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $565,000 0.0% $235 / Sq Ft
03/24/2020 03/24/20 Pending -- -- --
03/18/2020 03/18/20 For Sale $565,000 -- $235 / 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
2026 $4,740 $553,300 $191,500 $361,800
2025 $4,766 $545,200 $190,000 $355,200
2024 $4,766 $554,600 $182,000 $372,600
2023 $3,871 $500,500 $170,000 $330,500
2022 $4,450 $476,500 $150,000 $326,500
2020 $4,063 $449,000 $77,500 $371,500
2019 $3,722 $401,000 $75,000 $326,000
2018 $3,905 $334,000 $70,000 $264,000
2017 $3,718 $324,500 $70,000 $254,500
2016 $3,736 $306,000 $65,000 $241,000
2015 $3,471 $274,000 $62,500 $211,500
2013 $3,329 $260,000 $62,500 $197,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1579850

Northwest Multiple Listing Service (NWMLS)

APN: 004618-007-003-00

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