NOT LISTED FOR SALE

Estimated Value: $863,000 - $1,034,000

-- Bed
4 Baths
2,400 Sq Ft
$385/Sq Ft Est. Value

Last Sold April 20, 2015

Last sale price $340,500 $142 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $5,585/month

5 Days on Market

Highlights

  • Territorial View
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Patio
  • Wood Siding
  • 1-Story Property

About This Home

As of April 2015

Fantastic investment opportunity! Turn-key, well maintained, fully rented 4-plex in excellent location. People line up to rent as a result of proximity to bus lines, Boeing, golf, parks, Everett Mall, schools & more. Quiet, private, secluded location on private drive set well off street. Tons of off street parking. New vinyl windows. Extremely stable property generally re-rented before a tenant leaves!

Last Listed By

Vince Grant

RE/MAX Elite License #41821 Listed on: 02/20/2015

RE/MAX Elite

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 745945

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,995

Year Built

  • Built in 1983

Lot Details

  • 10,019 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Fairmount Elementary School
  • Explorer Mid Middle School
  • Mariner High School

Community Details

  • Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00442900300103

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,995

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1983
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2400
  • Special Features: None
  • Cumulative Days on Market: 258

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 2790

Schools

  • Junior High Dist: Mukilteo
  • High School: Mariner High
  • Middle Or Junior School: Explorer Mid

Lot Info

  • Parcel Number: 00442900300103
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2640

Multi Family

  • Gross Scheduled Income: 31680
  • Net Operating Income: 23935
  • Number Of Units Total: 4
  • Insurance Expense: 960
  • Leasable Area: 2400
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 3995

MLS Schools

  • Elementary School: Fairmount Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2015
Closed on
Apr 17, 2015
Sold by
Sanchez Cinthia K and Soto Aaron Flores
Bought by
Sotto Aaron Flores
Seller's Agent
Vince Grant
RE/MAX Elite
Buyer's Agent
Magali Jaenz
HomeSmart Real Estate Assoc
List Price
$350,000
Sold Price
$340,500
Premium/Discount to List
-$9,500
-2.71%
Total Days on Market
5
Current Estimated Value
$925,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$584,500
Avg. Annual Appreciation
10.74%
Original Mortgage
$334,332
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 20, 2015
Closed on
Apr 9, 2015
Sold by
English David L and Manley Sara A
Bought by
Soto Aaron Flores
Seller's Agent
Vince Grant
RE/MAX Elite
Buyer's Agent
Magali Jaenz
HomeSmart Real Estate Assoc
List Price
$350,000
Sold Price
$340,500
Premium/Discount to List
-$9,500
-2.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$334,332
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 24, 2008
Sold by
Quintana Jose and Tellez Hipolita
Bought by
English David L and Manley Sara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2006
Sold by
Tellez Hipolita
Bought by
Quintana Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 1999
Sold by
Withers W T
Bought by
Babcock Elaine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
7.76%

Purchase Details

Closed on
Sep 25, 1998
Sold by
Withers Sherry J
Bought by
Withers W T

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
Sotto Aaron Flores -- Chicago Title Company
Soto Aaron Flores $340,500 Chicago Title
English David L $330,000 Commonwealth Land Title
Quintana Jose -- Chicago Title Insurance Co
Quintana Jose $410,000 Chicago Title
Babcock Elaine M $184,500 --
Withers W T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soto Aaron Flores $322,500
Closed Soto Aaron Flores $334,332
Previous Owner English David L $294,000
Previous Owner English David L $247,500
Previous Owner Quintana Jose $328,000
Previous Owner Quintana Jose $82,000
Previous Owner Babcock Elaine M $129,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2015 04/20/15 Sold $340,500 -2.7% $142 / Sq Ft
02/26/2015 02/26/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $350,000 -- $146 / 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 $5,472 $740,700 $460,800 $279,900
2024 $5,472 $706,300 $415,500 $290,800
2023 $4,752 $629,000 $370,500 $258,500
2022 $5,014 $575,000 $301,800 $273,200
2020 $3,810 $439,000 $266,700 $172,300
2019 $3,548 $414,000 $186,600 $227,400
2018 $3,682 $370,000 $127,300 $242,700
2017 $3,526 $362,500 $118,200 $244,300
2016 $3,358 $342,000 $113,700 $228,300
2015 $3,521 $324,000 $109,200 $214,800
2013 $3,501 $300,000 $109,200 $190,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 745945

Northwest Multiple Listing Service (NWMLS)

APN: 004429-003-001-03