Listed by Windermere RE Skagit Valley, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

1224 S 2nd St Mount Vernon, WA 98273

-- Bed
-- Bath
3,440 Sq Ft
5,998 Sq Ft Lot

Sale Details

Date Sold: January 2, 2024

Last sale price $585,000 $170 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Wood Siding

About This Home

As of January 2024

Six-unit Mount Vernon rental property with good steady income and return on investment. Very low vacancy in this older building! Seven cap makes this a good long term investment.

Last Agent to Sell the Property

Jim Glackin

Windermere RE Skagit Valley License #73821 Listed on: 11/24/2023

Windermere RE Skagit Valley

Last Buyer's Agent

Artem Belayev

Skyline Properties, Inc. License #21028077

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2181731

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,542

Year Built

  • Built in 1920

Lot Details

  • 5,998 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,440 Sq Ft Home
  • 2-Story Property

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Mount Vernon Subdivision

Listing and Financial Details

  • Assessor Parcel Number P54301

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,542

Year Built

Built in 1920

Lot Details

5,998 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1920
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 3440
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, 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: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: city of Mount Vernon
  • WaterCompany: Skagit County PUD # 1

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mount Vernon

Lot Info

  • Parcel Number: P54301
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 5998
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Gas Available
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.22
  • LeasedItems: None
  • TotalMonthlyIncome: 5050

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6542

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 600
  • EnergySource: Electric
  • 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
Nov 24, 2023
Closed on
Dec 29, 2023
Sold by
Bought by
Seller's Agent
Jim Glackin
Windermere RE Skagit Valley
Buyer's Agent
Artem Belayev
Skyline Properties, Inc.
List Price
$619,000
Sold Price
$585,000
Premium/Discount to List
-$34,000
-5.49%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,640
Interest Rate
0.0744%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 24, 2023
Closed on
Dec 28, 2023
Sold by
Bought by
Seller's Agent
Jim Glackin
Windermere RE Skagit Valley
Buyer's Agent
Artem Belayev
Skyline Properties, Inc.
List Price
$619,000
Sold Price
$585,000
Premium/Discount to List
-$34,000
-5.49%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,640
Interest Rate
0.0744%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
01/02/2024 01/02/24 Sold $585,000 -5.5% $170 / Sq Ft
12/01/2023 12/01/23 Pending -- -- --
11/24/2023 11/24/23 For Sale $619,000 -- $180 / 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 $6,645 $637,000 $408,000 $229,000
2024 $6,447 $599,500 $384,000 $215,500
2023 $6,447 $599,500 $384,000 $215,500
2022 $7,417 $599,500 $384,000 $215,500
2021 $6,272 $599,500 $384,000 $215,500
2020 $5,648 $471,500 $0 $0
2019 $4,068 $412,600 $0 $0
2018 $5,079 $333,600 $0 $0
2017 $4,705 $323,600 $0 $0
2016 $4,764 $294,700 $150,000 $144,700
2015 $5,976 $294,700 $150,000 $144,700
2013 $6,115 $356,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2181731

Northwest Multiple Listing Service (NWMLS)
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