Listed by Berkshire Hathaway HS SP, Bought with Pilot Ventures LLC
NOT LISTED FOR SALE

15328 40th Ave W Lynnwood, WA 98087

North Lynnwood Neighborhood

Estimated Value: $973,000 - $1,191,494

7 Beds
4 Baths
3,248 Sq Ft
$340/Sq Ft Est. Value

Last Sold December 24, 2020

Last sale price $863,000 $266 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,379/month

19 Days on Market

Highlights

  • Mountain View
  • High Speed Internet
  • Wall to Wall Carpet
  • Deck

About This Home

As of December 2020

Great Location & Attractive Floorplans. This 4-plex has 3 units offering 2 beds & 1 bath. 1 unit offers 1 bed & 1 bath. Close to I-5, 405, Hwy 99, shopping, restaurants, etc. Current vacant apartment is move-in ready, but also allows for immediate value-add and/or, ultra low interest rate if buyer secures owner-occupied financing. 8 parking spots. Coin laundry in building. Rents currently low. Steady income with plenty of upside potential. Good cashflow & solid investment for years to come.

Last Agent to Sell the Property

Jessica Lemme

Berkshire Hathaway HS SP License #23774 Listed on: 10/21/2020

Berkshire Hathaway HS SP

Last Buyer's Agent

Casey Zejdlik

Pilot Ventures LLC License #88121

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1680763

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,019

Year Built

  • Built in 1966

Lot Details

  • 9,583 Sq Ft Lot
  • Street terminates at a dead end
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation
  • Bitumen Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,248 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Lynnwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00372901102104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,019

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1966
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3248
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Flat, Torch Down
  • View: Mountain(s), Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Sno Co PUD
  • SewerCompany: Alderwood
  • WaterCompany: Alderwood

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00372901102104
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 5025

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7019

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 480
  • UnitsBelowGrade: true

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2020
Closed on
Dec 22, 2020
Sold by
Oiland Andrew and Oiland Melissa
Bought by
Johnson Scott Edward and Johnson Annalee
Seller's Agent
Jessica Lemme
Berkshire Hathaway HS SP
Buyer's Agent
Casey Zejdlik
Pilot Ventures LLC
List Price
$899,950
Sold Price
$863,000
Premium/Discount to List
-$36,950
-4.11%
Current Estimated Value
$1,103,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,874
Avg. Annual Appreciation
5.22%
Original Mortgage
$570,000
Outstanding Balance
$510,158
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$593,716

Purchase Details

Closed on
May 10, 2011
Sold by
Oiland Andrew D and Oiland Melissa J
Bought by
Oiland Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,255
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 1997
Sold by
Sankey Harry W and Sankey Jacqueline L
Bought by
Sankey Family Ltd Liability Company
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
Johnson Scott Edward $863,000 Chicago Title
Oiland Andrew -- Stewart Title Company
Sankey Family Ltd Liability Company -- --
Sankey Family Ltd Liability Company -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Scott Edward $570,000
Previous Owner Oiland Andrew $355,255
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2020 12/24/20 Sold $863,000 -4.1% $266 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $899,950 -- $277 / 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 $7,216 $898,400 $450,000 $448,400
2024 $7,216 $821,400 $376,700 $444,700
2023 $6,468 $761,900 $366,700 $395,200
2022 $7,944 $780,000 $333,700 $446,300
2020 $7,507 $650,000 $207,500 $442,500
2019 $6,991 $600,000 $180,400 $419,600
2018 $5,901 $440,000 $164,000 $276,000
2017 $5,110 $390,000 $149,100 $240,900
2016 $4,309 $324,000 $142,000 $182,000
2015 $4,110 $292,000 $135,000 $157,000
2013 $3,876 $260,000 $135,000 $125,000
Source: Public Records

Agents Affiliated with this Home

  • Jessica Lemme

    Seller's Agent in 2020

    Jessica Lemme

    Berkshire Hathaway HomeServices Signature Properties

    (206) 734-1596

    2 in this area

    28 Total Sales

    Jessica Lemme
    Section Image

  • C

    Buyer's Agent in 2020

    Casey Zejdlik

    Pilot Ventures LLC

    Section Image

  • M

    Buyer Co-Listing Agent in 2020

    Matt Johnston

    Northmarq Multifamily, LLC

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1680763

Northwest Multiple Listing Service (NWMLS)

APN: 003729-011-021-04

Washington Snohomish County Lynnwood 98087 North Lynnwood

15328 40th Ave W, Lynnwood, WA

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Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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