Listed by List4FlatFee.com, LLC
$1,499,000
$241K PRICE DROP

14025 61st Place W Edmonds, WA 98026

Estimated payment $8,861/month

Total Views 7,508
8 Beds
8 Baths
4,220 Sq Ft
$355 Price per Sq Ft

Highlights

  • Territorial View
  • Wood Flooring
  • Cul-De-Sac
  • Harbour Pointe Middle School Rated A-
  • No HOA
  • Property is in very good condition

About This Home

Quality built 4 plex, on 12,633 sq.ft. lot, on greenbelt. Ocean view across the street.1 mile to beach. Salt water breeze reaches units. Huge backyard. All units are bigger than newly built 3 bedrooms. Oversized patios & balconies. Sound proof bubble concrete sub floors, see picture. Hardwood floors. Granite countertop. New double thick glass windows. New doors and millwork. 2 new bathtubs & all faucets. New gutters and downspouts. New Aqua-Pex water line. Walk to school. 5 miles to Alderwood Mall, I-5, 405. In area of multi million houses. 2 coin op laundries. 4 storages, 8 personal parking +. Only 6 tenants, no pets. Proof of funds for showing! Total income $99.252, expense $15,399, Cap Rate 5.45.

Listing Agent

Stacie Whitfield

List4FlatFee.com, LLC License #13147 Listed on: 03/27/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2348821

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,484

Year Built

  • Built in 1978

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,220 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 12 Parking Spaces
  • Open Parking

Schools

  • Picnic Point Elementary School
  • Harbour Pointe Mid Middle School
  • Kamiak High School

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Picnic Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 662000000600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,484

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1978
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 4220
  • SOCComments: Buyer to Request compensation in offer
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Playground,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: Alderwood Water
  • WaterCompany: Alderwood Water
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mukilteo
  • High School: Kamiak High
  • Middle Or Junior School: Harbour Pointe Mid

Lot Info

  • Parcel Number: 662000000600
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12633
  • Zoning Description: Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Snohomish County

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • GrossRentMultiplier: 15.1
  • LeasedItems: None
  • TotalMonthlyIncome: 8271

Multi Family

  • Gross Scheduled Income: 99252
  • Net Operating Income: 83853
  • Number Of Units Total: 4
  • Electric Expense: 200
  • Insurance Expense: 865
  • Leasable Area: 4220
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 10484

MLS Schools

  • Elementary School: Picnic Point Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $10,074 $1,195,900 $448,000 $747,900
2024 $10,074 $1,157,200 $375,000 $782,200
2023 $8,893 $1,059,000 $365,000 $694,000
2022 $9,928 $1,012,000 $332,500 $679,500
2020 $9,183 $908,000 $207,500 $700,500
2019 $8,110 $800,000 $180,400 $619,600
2018 $8,334 $718,000 $164,000 $554,000
2017 $7,220 $632,000 $149,100 $482,900
2016 $5,447 $463,000 $136,000 $327,000
2015 $5,412 $421,000 $129,000 $292,000
2013 $5,217 $380,000 $129,000 $251,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 Price Changed $1,499,000 -1.3% $355 / Sq Ft
07/30/2025 07/30/25 Price Changed $1,519,000 -1.3% $360 / Sq Ft
07/17/2025 07/17/25 Price Changed $1,539,000 -1.3% $365 / Sq Ft
07/07/2025 07/07/25 Price Changed $1,559,000 -1.3% $369 / Sq Ft
06/27/2025 06/27/25 Price Changed $1,579,000 -1.3% $374 / Sq Ft
06/19/2025 06/19/25 Price Changed $1,599,000 -1.2% $379 / Sq Ft
06/10/2025 06/10/25 Price Changed $1,619,000 -1.2% $384 / Sq Ft
05/21/2025 05/21/25 Price Changed $1,639,000 -1.2% $388 / Sq Ft
05/12/2025 05/12/25 Price Changed $1,659,000 -1.2% $393 / Sq Ft
05/05/2025 05/05/25 Price Changed $1,679,000 -1.2% $398 / Sq Ft
04/24/2025 04/24/25 Price Changed $1,699,000 -1.2% $403 / Sq Ft
04/11/2025 04/11/25 Price Changed $1,720,000 -1.1% $408 / Sq Ft
03/27/2025 03/27/25 For Sale $1,740,000 -- $412 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $367,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $69,000 Credit Line Revolving
Open $293,600 Unknown
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2348821

Northwest Multiple Listing Service (NWMLS)

APN: 006620-000-006-00