Listed by Windermere RE Anacortes Prop., Bought with Windermere RE Anacortes Prop.
NOT LISTED FOR SALE

1309 5th St Anacortes, WA 98221

Estimated Value: $1,031,000 - $1,800,000

8 Beds
4 Baths
3,912 Sq Ft
$339/Sq Ft Est. Value

Last Sold November 09, 2012

Last sale price $500,000 $128 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $7,627/month

17 Days on Market

Highlights

  • Patio
  • High Speed Internet
  • Partially Fenced Property
  • Anacortes High School Rated A-
  • Property is in very good condition
  • 3-minute walk to Causland Park

About This Home

As of November 2012

An excellent opportunity for the keen investor. This inviting four-plex is located in the desirable Old Town neighborhood where demand for rentals is always high. Townhouse style exterior with full yard landscaping, individual fenced yards and a separate storage space and additional owners storage unit. Each unit is 978 sq ft with 2 beds and 1.5 baths, efficient floor plans with individual wash/dryer hook-ups; excellent rental history.

Last Agent to Sell the Property

Colleen Craig

Windermere RE Anacortes Prop. License #52562 Listed on: 08/30/2012

Windermere RE Anacortes Prop.

Last Buyer's Agent

Margi Houghton

Windermere RE Anacortes Prop. License #9788

Windermere RE Anacortes Prop.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 399613

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,026

Year Built

  • Built in 2001

Lot Details

  • 8,993 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,912 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Old Town Subdivision

Listing and Financial Details

  • Assessor Parcel Number P55654

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,026

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2001
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3912
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Anacortes
  • WaterCompany: City of Anacortes
  • WaterSewerGarbage: 2178

Schools

  • Junior High Dist: Anacortes

Lot Info

  • Parcel Number: P55654
  • Lot Size Acres: 0.2065
  • Lot Size Sq Ft: 8993
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,Patio
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3460

Multi Family

  • Gross Scheduled Income: 48000
  • Net Operating Income: 31801
  • Number Of Units Total: 4
  • Insurance Expense: 918
  • Leasable Area: 3912
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2012
  • Tax Annual Amount: 4026

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2012
Closed on
Nov 5, 2012
Sold by
Peterson Paul F and Peterson Janice E
Bought by
Houghton Richard L and Houghton Margaret A
Seller's Agent
Colleen Craig
Windermere RE Anacortes Prop.
Buyer's Agent
Margi Houghton
Windermere RE Anacortes Prop.
List Price
$579,995
Sold Price
$500,000
Premium/Discount to List
-$79,995
-13.79%
Current Estimated Value
$1,324,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$824,676
Avg. Annual Appreciation
7.85%
Original Mortgage
$300,000
Outstanding Balance
$207,011
Interest Rate
3.36%
Mortgage Type
New Conventional
Estimated Equity
$1,117,665
Source: Public Records

Range of Values:

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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
Houghton Richard L $500,280 Guardian Northwest Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Houghton Richard L $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2012 11/09/12 Sold $500,000 -13.8% $128 / Sq Ft
09/17/2012 09/17/12 Pending -- -- --
08/30/2012 08/30/12 For Sale $579,995 -- $148 / 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
2024 $7,234 $1,098,600 $631,300 $467,300
2023 $7,234 $959,200 $491,400 $467,800
2022 $6,712 $941,100 $475,700 $465,400
2021 $6,018 $785,200 $409,500 $375,700
2020 $5,852 $652,500 $0 $0
2019 $5,556 $621,700 $0 $0
2018 $5,685 $588,800 $0 $0
2017 $4,132 $542,400 $0 $0
2016 $4,298 $433,900 $190,000 $243,900
2015 $4,167 $433,900 $190,000 $243,900
2013 $4,180 $433,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 399613

Northwest Multiple Listing Service (NWMLS)

APN: P55654