Listed by COMPASS, Bought with Coldwell Banker Bain
$363,363
SOLD OCT 10, 2017
-- Bed
-- Bath
2,048 Sq Ft
0.53 Acres

Recently Sold

$177 Per Sq Ft

3% Below List Price

Highlights

  • 0.53 Acre Lot
  • Wood Flooring
  • 5-minute walk to Lake Stevens Public Boat Launch

About This Home

As of April 2021

Turn-key cashflow opportunity! Amazing location near downtown and Davies beach. Current rents do not reflect market potential. Large lot may offer potential to build. 2 large 2 bed units well maintained with updated windows and appliances. Plenty of parking as well as garage space. Quality tenants are long-term and plan to stay. Small unit attached to garage is owner occupied and will be vacant upon possession. *do not disturb tenants showing/inspection with mutual acceptance and 24 hour notice*

Last Agent to Sell the Property

Kate Johansen

COMPASS License #124315 Listed on: 07/19/2017

COMPASS

Last Buyer's Agent

S Jay McGinnis

Coldwell Banker Bain License #26796

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1164108

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,150

Year Built

  • Built in 1917

Lot Details

  • 0.53 Acre Lot
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 7 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • Downtown Lk Stevens Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 29060800404500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,150

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1917
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • 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: Triplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 4680

Schools

  • Junior High Dist: Lake Stevens

Lot Info

  • Parcel Number: 29060800404500
  • Lot Size Acres: 0.53
  • Lot Size Sq Ft: 23087
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County Records
  • ZoningClass: Multi-Family
  • LotNumber: 3

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2975

Multi Family

  • Gross Scheduled Income: 35700
  • Net Operating Income: 25914
  • Number Of Units Total: 3
  • Insurance Expense: 1956
  • Leasable Area: 2548
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2021
Closed on
Apr 8, 2021
Sold by
Soderberg Merdith
Bought by
Soderberg Justin
Seller's Agent
Shannon Glenn
CENTURY 21 Real Estate Center
Buyer's Agent
Racheal LaMar
Realty One Group Orca
List Price
$575,000
Sold Price
$625,000
Premium/Discount to List
$50,000
8.7%
Current Estimated Value
$785,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,524
Avg. Annual Appreciation
4.52%
Original Mortgage
$500,000
Outstanding Balance
$452,688
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$307,921

Purchase Details

Listed on
Feb 25, 2021
Closed on
Apr 5, 2021
Sold by
Mcelliott David S and Mcelliott Jennifer C
Bought by
Norling Matthew and Soderberg Justin
Seller's Agent
Shannon Glenn
CENTURY 21 Real Estate Center
Buyer's Agent
Racheal LaMar
Realty One Group Orca
List Price
$575,000
Sold Price
$625,000
Premium/Discount to List
$50,000
8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$452,688
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$307,921

Purchase Details

Listed on
Jul 19, 2017
Closed on
Oct 3, 2017
Sold by
Douglass Aaron and Douglass Renee
Bought by
Mcelliott David S and Mcelliott Jennifer C
Seller's Agent
Kate Johansen
COMPASS
Buyer's Agent
S Jay McGinnis
Coldwell Banker Bain
List Price
$375,000
Sold Price
$363,363
Premium/Discount to List
-$11,637
-3.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.76%
Original Mortgage
$271,500
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2014
Sold by
Dujardin David and Dujardin Ann
Bought by
Douglass Aaron and Douglass Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
4.17%
Mortgage Type
VA

Purchase Details

Closed on
Oct 11, 2011
Sold by
Hsbc Bank Usa National Association
Bought by
Dujardin David and Dujardin Anne

Purchase Details

Closed on
Apr 11, 2011
Sold by
Bowman Christian A
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Sep 26, 2003
Sold by
Allen Michael E and Allen Sheila A
Bought by
Bowman Christian A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,160
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 1995
Sold by
Bolton Beneva S and Allen Beneva S
Bought by
Allen Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,224
Interest Rate
7.61%
Mortgage Type
Assumption
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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $625,000 Fidelity National Title
Warranty Deed $363,363 Ticor Title Company
Warranty Deed $272,000 Rainier Title
Special Warranty Deed $134,280 Accommodation
Trustee Deed $250,000 None Available
Warranty Deed $242,700 Stewart
Interfamily Deed Transfer -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,000 New Conventional
Previous Owner $280,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $271,500 New Conventional
Previous Owner $264,500 VA
Previous Owner $272,000 VA
Previous Owner $272,000 VA
Previous Owner $47,964 Unknown
Previous Owner $194,160 Purchase Money Mortgage
Previous Owner $154,224 Assumption
Closed $36,405 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $625,000 +8.7% $245 / Sq Ft
03/08/2021 03/08/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $575,000 0.0% $226 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $575,000 +58.2% $226 / Sq Ft
10/10/2017 10/10/17 Sold $363,363 -3.1% $177 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
07/19/2017 07/19/17 For Sale $375,000 -- $183 / 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 $5,775 $675,000 $339,400 $335,600
2024 $5,775 $624,000 $322,400 $301,600
2023 $5,122 $597,000 $298,400 $298,600
2022 $5,419 $474,000 $240,300 $233,700
2020 $4,806 $390,000 $304,800 $85,200
2019 $5,118 $416,900 $273,700 $143,200
2018 $4,195 $325,100 $187,000 $138,100
2017 $3,151 $270,000 $101,600 $168,400
2016 $3,228 $258,000 $97,000 $161,000
2015 $2,868 $210,000 $97,000 $113,000
2013 $3,330 $218,000 $75,600 $142,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1164108

Northwest Multiple Listing Service (NWMLS)

APN: 290608-004-045-00