Listed by John L. Scott, Inc., Bought with The Paragon Group
$631,500
SOLD DEC 21, 2018

1272 Woodgate Ave Marysville, WA 98270

-- Bed
-- Bath
3,790 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$167 Per Sq Ft

3% Above List Price

6 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Wall to Wall Carpet
  • Secluded Lot
  • Wood Siding

About This Home

As of December 2018

WOW! Centrally located 4-plex ready for you to purchase and start generating great income. With a cap rate of 9% you can't go wrong with this low-maintenance asset. Rent all 4 units or buy owner-occupied and live in 1 of them. Each unit of this 3790 sq ft building is 2 bedrooms/1 bathroom. Electric is separately metered. 2 double car garages are included (4 garage stalls) and coin op laundry all under the same roof. Tons of street parking too. The HOA takes care of the lawn and garbage.

Last Agent to Sell the Property

Lori Bixler

John L. Scott, Inc. License #104603 Listed on: 10/24/2018

John L. Scott, Inc.

Last Buyer's Agent

Ross Hubbard

The Paragon Group License #117280

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1377340

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,556

Year Built

  • Built in 1972

Lot Details

  • 7,405 Sq Ft Lot
  • Street terminates at a dead end
  • Secluded Lot

HOA Fees

  • $215 Monthly HOA Fees

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,790 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Marysville Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00623000001100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,556

Year Built

Built in 1972

Lot Details

0

HOA Fees

$215 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1972
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3790
  • Special Features: None
  • Cumulative Days on Market: 332

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Dead End Street, Secluded, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City of Marysville
  • WaterCompany: City of Marysville
  • WaterSewerGarbage: 3276

Condo/Co-op/Association

  • Association Fee: 2580
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Marysville

Lot Info

  • Parcel Number: 00623000001100
  • Lot Size Acres: 0.17
  • Lot Size Sq Ft: 7405
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 5735

Multi Family

  • Gross Scheduled Income: 68760
  • Net Operating Income: 54562
  • Number Of Units Total: 4
  • Insurance Expense: 1240
  • Leasable Area: 3733
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5556

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2019
Sold by
Hubbard Ross
Bought by
Rasmussen John D and Rasmussen Carol J
Current Estimated Value
$1,078,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 24, 2018
Closed on
Dec 21, 2018
Sold by
Jones Jeremy and Jones Nicholas
Bought by
Rasmussen John D and Rasmussen Carol J
Seller's Agent
Lori Bixler
John L. Scott, Inc.
Buyer's Agent
Ross Hubbard
The Paragon Group
List Price
$614,950
Sold Price
$631,500
Premium/Discount to List
$16,550
2.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%
Original Mortgage
$473,625
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 24, 2018
Closed on
Dec 20, 2018
Sold by
Hubbard Emily
Bought by
Hubbard Ross
Seller's Agent
Lori Bixler
John L. Scott, Inc.
Buyer's Agent
Ross Hubbard
The Paragon Group
List Price
$614,950
Sold Price
$631,500
Premium/Discount to List
$16,550
2.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,625
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2014
Closed on
Jul 14, 2014
Sold by
The Bank Of New York Mellon
Bought by
Jones Jeremy and Jones Nicholas
Seller's Agent
Diane Donnelson
The Preview Group
Buyer's Agent
Diane Donnelson
The Preview Group
List Price
$288,700
Sold Price
$283,500
Premium/Discount to List
-$5,200
-1.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.96%
Original Mortgage
$59,535
Interest Rate
4.13%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 17, 2014
Sold by
Jones Mark and Jones Vanessa
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Feb 26, 2004
Sold by
Carlsen Investment Properties Llc
Bought by
Jones Mark and Jones Vanessa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,450
Interest Rate
5.57%
Mortgage Type
Credit Line Revolving
Source: Public Records

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    Section Image

Range of Values:

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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
Quit Claim Deed $334,982 Ticor Title
Warranty Deed $631,500 First American Title Insuran
Interfamily Deed Transfer -- First American Title
Special Warranty Deed $283,500 First American
Trustee Deed $386,673 None Available
Warranty Deed $290,000 Pnwt
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $700,000 New Conventional
Closed $503,500 New Conventional
Closed $487,500 New Conventional
Previous Owner $473,625 New Conventional
Previous Owner $306,500 New Conventional
Previous Owner $59,535 Stand Alone Second
Previous Owner $231,336 Purchase Money Mortgage
Previous Owner $308,750 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $43,450 Credit Line Revolving
Previous Owner $217,500 Purchase Money Mortgage
Closed $29,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2018 12/21/18 Sold $631,500 +2.7% $167 / Sq Ft
10/30/2018 10/30/18 Pending -- -- --
10/24/2018 10/24/18 For Sale $614,950 +116.9% $162 / Sq Ft
07/29/2014 07/29/14 Sold $283,500 -1.8% $75 / Sq Ft
06/16/2014 06/16/14 Pending -- -- --
05/06/2014 05/06/14 For Sale $288,700 -- $76 / 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 $7,809 $943,900 $259,000 $684,900
2024 $7,809 $980,600 $264,000 $716,600
2023 $5,181 $866,700 $251,900 $614,800
2022 $7,828 $774,000 $187,400 $586,600
2020 $6,822 $617,000 $160,400 $456,600
2019 $5,052 $552,000 $131,000 $421,000
2018 $5,556 $480,000 $104,800 $375,200
2017 $4,076 $360,000 $104,800 $255,200
2016 $3,832 $325,000 $99,800 $225,200
2015 $4,741 $375,000 $96,900 $278,100
2013 $4,317 $325,000 $96,900 $228,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1377340

Northwest Multiple Listing Service (NWMLS)

APN: 006230-000-011-00