NOT LISTED FOR SALE

Estimated Value: $2,833,501

7 Beds
4 Baths
-- Sq Ft
0.38 Acres

Last Sold June 26, 2017

Last sale price $1,520,000

Est. 86% increase in value since last sale

Current estimated payment $17,180/month

50 Days on Market

Highlights

  • 0.38 Acre Lot
  • Corner Lot
  • Wood Siding
  • Whittier Elementary School Rated A
  • High Speed Internet

About This Home

As of June 2017

Mixed use property with 10 residential units and4 commercial units. 15 Off-Street Parking spaces. R4 Zoning will allow for apartment building of up to 8 stories. Estimated $4000 per month positive cash flow with seller terms while permitting new 8 story building. Great location at north end of growing Colby Business District. Rents on residential are below market. Some long term tenants.

Last Agent to Sell the Property

Brian Acey

Keller Williams Realty Bothell License #49892 Listed on: 03/25/2017

Keller Williams Realty Bothell

Last Buyer's Agent

Gabriel Graumann

Commercial RE Solutions LLC License #24843

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1099125

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,447

Year Built

  • Built in 1900

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 150 x 110
  • Corner Lot
  • Value in Land
  • Property is in average condition

Home Design

  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Stucco

Parking

  • 15 Parking Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Outbuilding

Community Details

  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00439148001700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,447

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1900
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 340

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition, Flat
  • Lot Features: Alley, Corner Lot, Paved, Sidewalk, Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Stucco, Wood
  • Foundation Details: Post & Pillar, Poured Concrete, Slab
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 15
  • Open Parking: Yes
  • Total Parking Spaces: 15
  • ParkingUncoveredSpaces: 15

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PUD
  • SewerCompany: Everett
  • WaterCompany: Everett
  • WaterSewerGarbage: 3636

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00439148001700
  • Lot Size Acres: 0.3795
  • Lot Size: 150 X 110
  • Lot Size Sq Ft: 16533
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 15490

Multi Family

  • Gross Scheduled Income: 185290
  • Net Operating Income: 150083
  • Number Of Units Total: 14
  • Electric Expense: 1524
  • Insurance Expense: 13600
  • Leasable Area: 13283
  • UnitsInBuildingTotal: 14
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2017
  • Tax Annual Amount: 16447

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2017
Closed on
Jun 20, 2017
Sold by
Welch Daisy and Estate Of Dexter Welch
Bought by
Chang Belle and Ma Yujie
Seller's Agent
Brian Acey
Keller Williams Realty Bothell
Buyer's Agent
Gabriel Graumann
Commercial RE Solutions LLC
List Price
$1,650,000
Sold Price
$1,520,000
Premium/Discount to List
-$130,000
-7.88%
Total Days on Market
50
Current Estimated Value
$2,833,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,313,501
Avg. Annual Appreciation
8.43%
Original Mortgage
$940,000
Interest Rate
4.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 19, 2012
Sold by
Northend Investment Properties Llc
Bought by
Welch Dexter

Purchase Details

Closed on
Feb 17, 2012
Sold by
Northlend Investment Properties Llc
Bought by
Welch Dexter

Purchase Details

Closed on
Dec 26, 2006
Sold by
Welch Dexter
Bought by
Northend Investment Properties Llc

Purchase Details

Closed on
Dec 1, 2006
Sold by
Not Provided
Bought by
Not Provided

Purchase Details

Closed on
Nov 23, 2004
Sold by
Welch Dexter P
Bought by
Ibf Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
5.72%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chang Belle $1,520,000 Old Republic Title Ltd
Welch Dexter -- None Available
Welch Dexter -- None Available
Northend Investment Properties Llc $1,635,000 Transnation Title
Not Provided $1,217,559 None Available
Ibf Llc $1,388,000 Chicago
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Chang Belle $940,000
Previous Owner Ibf Llc $20,000
Previous Owner Ibf Llc $0
Previous Owner Ibf Llc $1,150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2017 06/26/17 Sold $1,520,000 -7.9% --
05/23/2017 05/23/17 Pending -- -- --
04/02/2017 04/02/17 For Sale $1,650,000 -- --
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 $16,021 $1,903,000 $459,000 $1,444,000
2024 $16,021 $1,865,500 $454,000 $1,411,500
2023 $14,871 $1,811,000 $459,000 $1,352,000
2022 $14,805 $1,617,000 $352,500 $1,264,500
2020 $17,298 $1,541,000 $312,500 $1,228,500
2019 $16,563 $1,485,000 $307,500 $1,177,500
2018 $18,801 $1,545,000 $301,400 $1,243,600
2017 $18,107 $1,482,000 $277,100 $1,204,900
2016 $16,447 $1,415,000 $267,600 $1,147,400
2015 $17,423 $1,412,000 $255,400 $1,156,600
2013 $18,394 $1,315,500 $249,100 $1,066,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1099125

Northwest Multiple Listing Service (NWMLS)

APN: 004391-480-017-00