NOT LISTED FOR SALE

15720 48th Ave W Unit 1 & 2 Edmonds, WA 98026

Meadowdale Neighborhood

Estimated Value: $958,000 - $1,201,725

6 Beds
4 Baths
3,136 Sq Ft
$350/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $700,000 $223 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $6,731/month

16 Days on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • Open Space
  • Secluded Lot
  • Patio
  • Partially Fenced Property

About This Home

As of September 2018

Wonderful investment opportunity in a great Edmonds location. Two 1,568 square feet units with 3 bed, 2.5 bath, & large 2 car garage built in 1992. Exterior painted in 2018 & 30 year roof in 2009. Spacious 13,504 square foot lot. Back yard backs up to mature landscaping that gives a private, peaceful area to enjoy. Homes at end of private road off of 48th Ave W. RV parking & both units have W/D hook-ups. Long term tenants on month to month lease. Current rent is below market rent.

Last Listed By

Troy Lehman

Redfin License #125043 Listed on: 08/03/2018

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1340364

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,970

Year Built

  • Built in 1992

Lot Details

  • 0.31 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Property is in good condition

Home Design

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

Interior Spaces

  • 3,136 Sq Ft Home
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 4 Covered Spaces
  • Open Parking
  • RV Access or Parking

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Alderwood Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 00513700004708

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,970

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1992
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3136
  • Special Features: VirtualTour
  • Cumulative Days on Market: 258

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 13504
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Open Space, Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric
  • WaterSewerGarbage: 2270

Schools

  • Junior High Dist: Edmonds
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00513700004708
  • Lot Size Acres: 0.31
  • Lot Size Sq Ft: 13504
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Patio,RV Parking
  • MLSLotSizeSource: Realist- Buyer to verify
  • ZoningClass: Multi-Family
  • LotNumber: 2

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 3100

Multi Family

  • Gross Scheduled Income: 37200
  • Net Operating Income: 28302
  • Number Of Units Total: 2
  • Insurance Expense: 658
  • Leasable Area: 3136
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 5970

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2018
Closed on
Sep 24, 2018
Sold by
Clifford George L and Clifford Lurlyn Clifford
Bought by
Ho Tsae J and Yu Michael C
Seller's Agent
Troy Lehman
Redfin
Buyer's Agent
KC Brants
Windermere Real Estate/East
List Price
$725,000
Sold Price
$700,000
Premium/Discount to List
-$25,000
-3.45%
Total Days on Market
16
Current Estimated Value
$1,097,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,931
Avg. Annual Appreciation
8.66%
Original Mortgage
$420,000
Interest Rate
4.65%

Purchase Details

Closed on
Aug 17, 2012
Sold by
Clifford George L and Clifford Lurlyn
Bought by
The Clifford Family Revocable Living Tru

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
Ho Tsae J $12,465 --
The Clifford Family Revocable Living Tru $1,123 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ho Tsae Ju Sarah $431,000
Closed Ho Tsae J $420,000
Closed Ho Tsae J --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2018 09/21/18 Sold $700,000 -3.4% $223 / Sq Ft
08/19/2018 08/19/18 Pending -- -- --
08/15/2018 08/15/18 For Sale $725,000 0.0% $231 / Sq Ft
08/09/2018 08/09/18 Pending -- -- --
08/03/2018 08/03/18 For Sale $725,000 -- $231 / 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 $7,729 $854,900 $461,600 $393,300
2024 $7,729 $915,200 $463,000 $452,200
2023 $7,728 $956,300 $468,000 $488,300
2022 $7,814 $789,800 $365,000 $424,800
2020 $7,487 $669,100 $307,000 $362,100
2019 $6,633 $589,400 $279,000 $310,400
2018 $6,954 $545,600 $254,000 $291,600
2017 $5,970 $483,300 $212,000 $271,300
2016 $5,551 $450,200 $187,000 $263,200
2015 $5,167 $397,000 $174,000 $223,000
2013 $4,626 $336,400 $131,000 $205,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1340364

Northwest Multiple Listing Service (NWMLS)

APN: 005137-000-047-08