NOT LISTED FOR SALE
-- Bed
-- Bath
4,200 Sq Ft
4,356 Sq Ft Lot

Sale Details

Date Sold: March 10, 2022

Last sale price $1,390,000 $331 Per Sq Ft

36 Days on Market

Highlights

  • No HOA
  • Vinyl Plank Flooring
  • Wood Siding

About This Home

As of March 2022

Fully renovated 7-unit apartment building offering all one-bedroom one-bath units. Over $265,000 in completed renovation makes Whistwood a turnkey, low-maintenance, cash-flow investment with 21% upside in income through nominal rent increases and RUBS implementation. The opportunity to acquire 7 units at a 5.39% CAP rate and take it to a 6.40% provides a rare opportunity in today's ultra-competetive multifamily marketplace. Additionally, a qualified buyer may assume the current loan with a down payment of approximately 25%. A new interest-only loan has the potential to increase cash-flow to nearly $40K/yr+.

Last Agent to Sell the Property

Levi Sterley

Capstone Commercial License #141098 Listed on: 11/04/2021

Last Buyer's Agent

Ted Wood

Capstone Commercial License #131981

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1867502

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,858

Year Built

  • Built in 1919 | Remodeled

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Built-Up Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring

Parking

  • 1 Covered Space
  • Open Parking

Community Details

  • No Home Owners Association
  • Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00438731401700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,858

Year Built

Built in 1919 | Remodeled

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1919
  • Buyer Agency Compensation: 1.75
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 4200
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Property Condition: Remodeled

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00438731401700
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4356
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: SCA
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.5
  • LeasedItems: None
  • TotalMonthlyIncome: 8335

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7858

Multi Family

  • Number Of Units Total: 7
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Mar 9, 2022
Sold by
Bought by
Seller's Agent
Levi Sterley
Capstone Commercial
Buyer's Agent
Ted Wood
Capstone Commercial
List Price
$1,350,000
Sold Price
$1,390,000
Premium/Discount to List
$40,000
2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,032,200
Outstanding Balance
$946,851
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2018
Closed on
Oct 1, 2018
Sold by
Bought by
Seller's Agent
Jeff Ayers
Ayers Commercial Group
Buyer's Agent
Nelya Calev
John L. Scott, Inc
List Price
$650,000
Sold Price
$620,000
Premium/Discount to List
-$30,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.16%
Original Mortgage
$620,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 2, 2017
Closed on
Jun 28, 2017
Sold by
Bought by
Seller's Agent
Marilyn Blackburn
Gilpin Realty, Inc.
Buyer's Agent
Jeff Ayers
Ayers Commercial Group
List Price
$619,000
Sold Price
$615,000
Premium/Discount to List
-$4,000
-0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.61%

Purchase Details

Closed on
Apr 2, 2008
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 1999
Sold by
Bought by

Purchase Details

Closed on
Jan 7, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Delta, WA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,390,000 Stewart Title Guaranty Company
$620,000 Fidelity National Title
$615,000 First American Title Ins Co
$461,280 Chicago Title Insurance Co
$505,000 Stewart Title Of Snohomish C
$380,000 First American Title Ins Co
-- First American Title Ins Co
$284,950 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,032,200
Previous Owner $620,000
Previous Owner $348,000
Previous Owner $285,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2022 03/10/22 Sold $1,390,000 +3.0% $331 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
12/08/2021 12/08/21 For Sale $1,350,000 0.0% $321 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $1,350,000 +117.7% $321 / Sq Ft
10/29/2018 10/29/18 Sold $620,000 -4.6% $148 / Sq Ft View Prior Sale
09/11/2018 09/11/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $650,000 +5.7% $155 / Sq Ft
06/29/2017 06/29/17 Sold $615,000 -0.6% $146 / Sq Ft View Prior Sale
06/05/2017 06/05/17 Pending -- -- --
06/02/2017 06/02/17 For Sale $619,000 -- $147 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $11,956 $1,385,000 $275,800 $1,109,200
2025 $9,814 $1,371,500 $270,800 $1,100,700
2024 $9,814 $1,142,760 $265,800 $876,960
2023 $8,273 $1,007,500 $244,400 $763,100
2022 $7,819 $854,000 $181,800 $672,200
2020 $7,465 $665,000 $215,576 $449,424
2019 $6,558 $623,000 $152,200 $470,800
2018 $6,559 $539,000 $124,000 $415,000
2017 $5,730 $469,000 $112,700 $356,300
2016 $5,044 $434,000 $107,400 $326,600
2015 $5,182 $420,000 $102,200 $317,800
2013 $2,545 $364,000 $102,200 $261,800
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1867502

Northwest Multiple Listing Service (NWMLS)

APN: 00438731401700

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