Listed by Real Property Associates, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,007,114 - $1,056,000

6 Beds
4 Baths
2,586 Sq Ft
$400/Sq Ft Est. Value

Last Sold April 11, 2024

Last sale price $1,050,000 $406 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,245/month

5 Days on Market

Highlights

  • Deck
  • No HOA
  • Partially Fenced Property
  • Secluded Lot
  • Property is in very good condition
  • Wall to Wall Carpet

About This Home

As of April 2024

Constructed in 2011 by an accomplished builder as a personal investment and meticulously maintained ever since, this turn-key, townhome-style duplex is a tremendous investment opportunity. Separated only by a garage party wall, these highly desirable mirror image units each feature 3 beds, 2.5 baths, 1293 sq ft & an oversized 2-car garage. The primary bedroom lives spaciously with vaulted ceilings, a full bath, and a double closet. Private lot with ample parking and a large yard. Located close to I-5 and just a short drive to Mill Creek, Paine Field, Marth Lake Park, and more. Great opportunity for an owner-occupant as well - live in one unit and rent the other or complete a condo overlay to create 2 distinct units? Don't miss out!

Last Agent to Sell the Property

Ryker Young

Real Property Associates License #116575 Listed on: 03/27/2024

Last Buyer's Agent

Osama Alassad

Skyline Properties, Inc. License #90063

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2215678

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,057

Year Built

  • Built in 2011

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 65 x 212
  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 2,586 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 9 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Additional Features

  • Deck
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Alderwood Manor No.25 Condos
  • Martha Lake Subdivision

Listing and Financial Details

  • Tax Lot 86
  • Assessor Parcel Number 00374900008605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,057

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2011
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Alderwood Manor No.25
  • New Construction: No
  • CalculatedSquareFootage: 2586
  • Special Features: VirtualTour
  • Cumulative Days on Market: 347

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: SnoPUD
  • SewerCompany: Alderwood Water & Wastewater District
  • WaterCompany: Alderwood Water & Wastewater District
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mukilteo
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00374900008605
  • Lot Size Acres: 0.28
  • Lot Size: 65 x 212
  • Lot Size Sq Ft: 12197
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: Assessor
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Residential
  • LotNumber: 86

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.03
  • LeasedItems: None
  • TotalMonthlyIncome: 5700

Multi Family

  • Gross Scheduled Income: 68400
  • Net Operating Income: 54223
  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Leasable Area: 2586
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7057

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2024
Closed on
Apr 10, 2024
Sold by
Massey Micheal D and Massey Toni A
Bought by
Kuznetsov Valentin
Seller's Agent
Ryker Young
Real Property Associates
Buyer's Agent
Osama Alassad
Skyline Properties, Inc.
List Price
$959,950
Sold Price
$1,050,000
Premium/Discount to List
$90,050
9.38%
Views
39
Current Estimated Value
$1,033,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,866
Avg. Annual Appreciation
0.20%
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
Kuznetsov Valentin $1,050,000 Old Republic Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2024 04/11/24 Sold $1,050,000 +9.4% $406 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $959,950 -- $371 / 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 $7,057 $793,800 $415,000 $378,800
2024 $7,057 $821,100 $399,000 $422,100
2023 $7,276 $886,700 $465,500 $421,200
2022 $7,262 $751,100 $318,300 $432,800
2020 $5,753 $575,000 $239,400 $335,600
2019 $5,059 $505,100 $204,300 $300,800
2018 $5,338 $466,000 $180,500 $285,500
2017 $4,971 $443,600 $156,800 $286,800
2016 $4,567 $403,500 $142,500 $261,000
2015 $4,717 $382,400 $140,600 $241,800
2013 $5,243 $401,700 $100,000 $301,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2215678

Northwest Multiple Listing Service (NWMLS)

APN: 003749-000-086-05