Listed by WPI Real Estate Services, Inc., Bought with Coldwell Banker Bain
$562,500
SOLD DEC 8, 2022
-- Bed
-- Bath
2,476 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$227 Per Sq Ft

20% Below List Price

24 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Wall to Wall Carpet
  • Whittier Elementary School Rated A
  • Wood Siding
  • 4-minute walk to Bayside Park

About This Home

As of December 2022

Don't miss your opportunity to own a four plex in the heart of Everett! Three (3) 1 br units and a small 2 br unit all with 1 bath. One unit has a fireplace. (Two units up and Two at ground) The basement has a nice size laundry room that is currently not producing income. Installing coin operated laundry along with adding storage units in the adjacent room will also add additional income. In addition there are two carports that with some maintenance could easily be rented out as well. Family circumstances ae forcing sell. Hands on owner can make this an excellent investment for any real estate portfolio large or small or just beginning. Rent is actual with #3 being vacant at $1,175.00. Total expenses are proforma at 30% of GSI.

Last Agent to Sell the Property

Tom Bates

WPI Real Estate Services, Inc. License #20113927 Listed on: 10/20/2022

Last Buyer's Agent

Nate Short

Coldwell Banker Bain License #25228

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2009643

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,193

Year Built

  • Built in 1910

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

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

Interior Spaces

  • 2,476 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Community Details

  • No Home Owners Association
  • Everett Subdivision

Listing and Financial Details

  • Legal Lot and Block 29-32 / 488
  • Assessor Parcel Number 4391488029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,193

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1910
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: 1412
  • New Construction: No
  • CalculatedSquareFootage: 2476
  • SOCComments: 2.5%
  • Special Features: None
  • Cumulative Days on Market: 355

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,See Remarks

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 4391488029
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family
  • LotNumber: 29-32

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.9
  • LeasedItems: None
  • TotalMonthlyIncome: 4200

Multi Family

  • Gross Scheduled Income: 50400
  • Net Operating Income: 33768
  • Number Of Units Total: 4
  • Leasable Area: 2476
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4193

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
Fahlman Thomas
Bought by
Wells Kyle A and Wells Clairesse N
Current Estimated Value
$645,785

Purchase Details

Listed on
Oct 20, 2022
Closed on
Dec 6, 2022
Sold by
Acob-Nash Maria
Bought by
Fahlman Thomas
Seller's Agent
Tom Bates
WPI Real Estate Services, Inc.
Buyer's Agent
Nate Short
Coldwell Banker Bain
List Price
$699,950
Sold Price
$562,500
Premium/Discount to List
-$137,450
-19.64%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
Original Mortgage
$421,875
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2001
Sold by
Harper Edwin R and Harper Janean A
Bought by
Nash Thomas M and Nash Maria A Acob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,200
Interest Rate
7.15%

Purchase Details

Closed on
Apr 11, 2000
Sold by
Dantico Albert J and Dantico Linda M
Bought by
Harper Edwin R and Harper Janean A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
8.26%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed $615,000 Fidelity National Title
Warranty Deed $615,000 Fidelity National Title
Warranty Deed -- Stewart Title
Warranty Deed $219,000 --
Warranty Deed $165,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $421,875 New Conventional
Previous Owner $292,600 New Conventional
Previous Owner $157,390 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $175,200 No Value Available
Previous Owner $140,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2022 12/08/22 Sold $562,500 -13.5% $227 / Sq Ft
11/13/2022 11/13/22 Pending -- -- --
10/31/2022 10/31/22 Price Changed $649,950 -7.1% $263 / Sq Ft
10/20/2022 10/20/22 For Sale $699,950 -- $283 / 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 $4,717 $539,900 $271,100 $268,800
2024 $4,717 $549,200 $266,100 $283,100
2023 $4,438 $540,500 $250,300 $290,200
2022 $4,193 $458,000 $188,400 $269,600
2020 $4,310 $384,000 $154,600 $229,400
2019 $4,015 $360,000 $149,600 $210,400
2018 $4,064 $334,000 $145,100 $188,900
2017 $3,470 $284,000 $131,900 $152,100
2016 $2,883 $248,000 $125,600 $122,400
2015 $2,900 $235,000 $119,600 $115,400
2013 $3,076 $220,000 $119,600 $100,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2009643

Northwest Multiple Listing Service (NWMLS)

APN: 004391-488-029-01