Listed by Pellego, Inc., Bought with Kelly Right RE of Seattle LLC
NOT LISTED FOR SALE

15719 Admiralty Way Lynnwood, WA 98087

North Lynnwood Neighborhood

Estimated Value: $1,391,000 - $1,510,000

8 Beds
4 Baths
3,896 Sq Ft
$372/Sq Ft Est. Value

Last Sold June 15, 2017

Last sale price $832,000 $214 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $8,353/month

4 Days on Market

Highlights

  • Cul-De-Sac
  • Ceramic Tile Flooring
  • Wood Siding
  • Patio
  • Partially Fenced Property

About This Home

As of June 2017

Don't miss this incredible opportunity to own a 4-plex in the heart of booming Lynnwood! With over $1 BILLION in construction slated thru 2020, light rail in 2023, + low vacancy levels, this is an investor's dream. These units have maintained almost no vacancies. Market rent is $1395. Tenants charged back for utilities. This building is biking distance from a Fred Meyer, restaurants, and shopping. With a little sweat equity, this complex is your dream combination of cash flow AND appreciation!

Last Agent to Sell the Property

Briana Nasman

Pellego, Inc. License #123368 Listed on: 03/29/2017

Pellego, Inc.

Co-Listed By

Grant Fosheim

Opal Blue Real Estate, LLC License #21007243

Last Buyer's Agent

Jing Xu

Kelly Right RE of Seattle LLC License #111710

Kelly Right RE of Seattle LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1097242

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,506

Year Built

  • Built in 1986

Lot Details

  • 9,583 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,896 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Spruce Primary Sp Elementary School
  • Meadowdale Mid Middle School
  • Meadowdale High School

Community Details

  • Alderwood Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00372900401803

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,506

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1986
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3896
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: You deserve it! :)
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Fair
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • SewerCompany: Alderwood Water and Waste
  • WaterCompany: Alderwood Water and Waste
  • WaterSewerGarbage: 3716

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Edmonds
  • High School: Meadowdale High
  • Middle Or Junior School: Meadowdale Mid

Lot Info

  • Parcel Number: 00372900401803
  • Lot Size Acres: 0.22
  • Lot Size: 89-85-112-88
  • Lot Size Sq Ft: 9583
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Outbuildings,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 4381

Multi Family

  • Gross Scheduled Income: 54181
  • Net Operating Income: 40739
  • Number Of Units Total: 4
  • Insurance Expense: 1399
  • Leasable Area: 3896
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 6506

MLS Schools

  • Elementary School: Spruce Primary Sp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2017
Closed on
Jun 5, 2017
Sold by
Nasman Damon L
Bought by
Qin Kai
Seller's Agent
Briana Nasman
Pellego, Inc.
Buyer's Agent
Jing Xu
Kelly Right RE of Seattle LLC
List Price
$725,000
Sold Price
$832,000
Premium/Discount to List
$107,000
14.76%
Current Estimated Value
$1,449,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$617,963
Avg. Annual Appreciation
6.90%
Original Mortgage
$564,000
Outstanding Balance
$469,130
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$980,833

Purchase Details

Closed on
Apr 9, 2015
Sold by
N & N Investments Llc
Bought by
Nasman Damon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2010
Sold by
Nasman Damon L
Bought by
N & N Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,812
Interest Rate
4.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2010
Sold by
Nasman Kristin
Bought by
Nasman Damon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,812
Interest Rate
4.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2010
Sold by
Roden James D
Bought by
Nasman Damon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,812
Interest Rate
4.65%
Mortgage Type
New Conventional
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
Qin Kai $832,000 Fidelity National Title
Nasman Damon L -- First American Title Ins Co
N & N Investments Llc -- None Available
Nasman Damon L -- Old Republic Title
Nasman Damon L $443,750 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qin Kai $564,000
Previous Owner Nasman Damon L $305,000
Previous Owner Nasman Damon L $332,812
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2017 06/15/17 Sold $832,000 +14.8% $214 / Sq Ft
04/03/2017 04/03/17 Pending -- -- --
03/29/2017 03/29/17 For Sale $725,000 -- $186 / 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 $8,262 $999,500 $450,000 $549,500
2024 $8,262 $951,200 $376,700 $574,500
2023 $7,360 $877,200 $366,700 $510,500
2022 $9,400 $934,000 $333,700 $600,300
2020 $9,513 $836,000 $207,500 $628,500
2019 $7,857 $680,000 $180,400 $499,600
2018 $7,670 $584,000 $164,000 $420,000
2017 $6,506 $508,000 $149,100 $358,900
2016 $5,322 $410,000 $142,000 $268,000
2015 -- $388,000 $135,000 $253,000
2013 $5,047 $350,000 $135,000 $215,000
Source: Public Records

Agents Affiliated with this Home

  • Briana Nasman

    Seller's Agent in 2017

    Briana Nasman

    Pellego, Inc.

    (206) 605-8313

    16 Total Sales

    Briana Nasman
    Section Image

  • G

    Seller Co-Listing Agent in 2017

    Grant Fosheim

    Opal Blue Real Estate, LLC

    (425) 510-6162

    9 Total Sales

    Grant Fosheim
    Section Image
  • Jing Xu

    Buyer's Agent in 2017

    Jing Xu

    Kelly Right RE of Seattle LLC

    (425) 417-0693

    1 in this area

    21 Total Sales

    Jing Xu
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1097242

Northwest Multiple Listing Service (NWMLS)

APN: 003729-004-018-03

Washington Snohomish County Lynnwood 98087 North Lynnwood

15719 Admiralty Way, Lynnwood, WA

This home is located at 15719 Admiralty Way, Lynnwood, WA 98087 since 29 March 2017 and is currently estimated at $1,449,963, approximately $372 per square foot. This property was built in 1986. 15719 Admiralty Way is a home located in Snohomish County with nearby schools including Spruce Elementary School, Meadowdale Middle School, and Meadowdale High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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