Listed by Windermere Real Estate/M2, LLC, Bought with The Preview Group
NOT LISTED FOR SALE

14115 Admiralty Way Unit A&B Lynnwood, WA 98087

Estimated Value: $786,000 - $1,029,000

4 Beds
3 Baths
2,360 Sq Ft
$398/Sq Ft Est. Value

Last Sold May 12, 2017

Last sale price $442,500 $188 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $5,665/month

153 Days on Market

Highlights

  • 0.32 Acre Lot
  • Corner Lot
  • Partially Fenced Property
  • Deck
  • Slate Flooring
  • Wood Siding

About This Home

As of May 2017

Attention Investors & Developers! Fully leased duplex. Purchase with adjacent parcel (14031 Admiralty) and have potential to develop additional building site! High demand location with good schools, large units, and very low maintenance tenants! Rents below current market but are mtm for easy restructuring of property. Don't miss this package deal with potential additional development.

Last Agent to Sell the Property

Jen Hudson

Windermere Real Estate/M2, LLC License #23961 Listed on: 09/29/2016

Windermere Real Estate/M2, LLC

Co-Listed By

Greg Wilhonen

Keller Williams Western Realty License #120263

Last Buyer's Agent

Michael Delaney

The Preview Group License #93711

The Preview Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1036560

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,772

Year Built

  • Built in 1979

Lot Details

  • 0.32 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Value in Land
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,360 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Slate Flooring
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Outbuilding

Community Details

  • Lynnwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00373300601007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,772

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2360
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 420

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Snohomish Co PUD
  • SewerCompany: Alderwood
  • WaterCompany: Alderwood
  • WaterSewerGarbage: 2280

Schools

  • Junior High Dist: Mukilteo

Lot Info

  • Parcel Number: 00373300601007
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 13939
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Outbuildings
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3475

Multi Family

  • Gross Scheduled Income: 41700
  • Net Operating Income: 30228
  • Number Of Units Total: 2
  • Electric Expense: 1596
  • Insurance Expense: 824
  • Leasable Area: 23606
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3772

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2016
Closed on
May 11, 2017
Sold by
Crisler John M and Crisler Charisse M
Bought by
Dai Terrence K
Seller's Agent
Jen Hudson
Windermere Real Estate/M2, LLC
Buyer's Agent
Michael Delaney
The Preview Group
List Price
$469,950
Sold Price
$442,500
Premium/Discount to List
-$27,450
-5.84%
Current Estimated Value
$940,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$497,743
Avg. Annual Appreciation
9.70%
Original Mortgage
$300,000
Outstanding Balance
$252,704
Interest Rate
4.14%
Mortgage Type
New Conventional
Estimated Equity
$701,430

Purchase Details

Closed on
Jun 28, 2000
Sold by
Allen Matthew C and Allen Maryls D
Bought by
Crisler John M and Crisler Charisse M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.67%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 18, 1994
Sold by
Swanson James E and Swanson Cynthia M
Bought by
Allen Matthew C and Allen Teresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
6.98%
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
Dai Terrence K $442,500 First American
Crisler John M $225,000 --
Allen Matthew C $187,500 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dai Terrence K $300,000
Previous Owner Crisler John M $50,000
Previous Owner Crisler John M $200,000
Previous Owner Allen Matthew C $137,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2017 05/12/17 Sold $442,500 -5.8% $188 / Sq Ft
03/02/2017 03/02/17 Pending -- -- --
02/06/2017 02/06/17 For Sale $469,950 0.0% $199 / Sq Ft
11/08/2016 11/08/16 Pending -- -- --
09/29/2016 09/29/16 For Sale $469,950 -- $199 / 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 $6,498 $688,200 $413,000 $275,200
2024 $6,498 $753,300 $425,000 $328,300
2023 $6,486 $786,300 $420,000 $366,300
2022 $5,755 $587,900 $277,000 $310,900
2020 $5,226 $519,900 $248,000 $271,900
2019 $4,596 $456,400 $224,000 $232,400
2018 $4,632 $401,300 $183,000 $218,300
2017 $4,100 $361,800 $157,000 $204,800
2016 $3,772 $329,200 $133,000 $196,200
2015 $3,429 $272,200 $117,000 $155,200
2013 $2,522 $182,800 $68,000 $114,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1036560

Northwest Multiple Listing Service (NWMLS)

APN: 003733-006-010-07