NOT LISTED FOR SALE

15722 48th Ave W Unit 1 & 2 Edmonds, WA 98026

Meadowdale Neighborhood

Estimated Value: $963,000 - $1,230,709

6 Beds
4 Baths
3,136 Sq Ft
$353/Sq Ft Est. Value

Last Sold November 07, 2018

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

Est. 58% increase in value since last sale

Current estimated payment $6,516/month

62 Days on Market

Highlights

  • RV Access or Parking
  • Patio
  • Partially Fenced Property
  • Territorial View
  • Open Space
  • Wood Siding

About This Home

As of November 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 & large back yard. 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#: 1340217

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,951

Year Built

  • Built in 1992

Lot Details

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

Home Design

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

Interior Spaces

  • 3,136 Sq Ft Home
  • 1-Story Property
  • 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 3
  • Assessor Parcel Number 00513700004709

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,951

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: 296

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Open Space, Paved
  • 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, Sewer Connected, Electric
  • WaterSewerGarbage: 2134

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 00513700004709
  • Lot Size Acres: 0.31
  • Lot Size Sq Ft: 13504
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio,RV Parking
  • MLSLotSizeSource: Realist- Buyer to verify
  • ZoningClass: Multi-Family
  • LotNumber: 3

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: 28457
  • Number Of Units Total: 2
  • Insurance Expense: 658
  • Leasable Area: 3136
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 5951

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2018
Closed on
Oct 23, 2018
Sold by
Clifford George L and Clifford Lurlyn
Bought by
Nguyen Khanh Tran Nam and Le Ngoc Bao
Seller's Agent
Troy Lehman
Redfin
Buyer's Agent
Nona Adams
RE/MAX Integrity
List Price
$725,000
Sold Price
$700,000
Premium/Discount to List
-$25,000
-3.45%
Total Days on Market
62
Current Estimated Value
$1,107,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,677
Avg. Annual Appreciation
8.92%
Original Mortgage
$525,000
Interest Rate
4.7%
Mortgage Type
New Conventional

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
Nguyen Khanh Tran Nam $700,000 First American Title
The Clifford Family Revocable Living Tru $1,123 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Khanh Tran Nan $515,500
Closed Nguyen Khanh Tran Nam $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2018 11/07/18 Sold $700,000 -3.4% $223 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
09/27/2018 09/27/18 For Sale $725,000 0.0% $231 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
08/30/2018 08/30/18 For Sale $725,000 0.0% $231 / Sq Ft
08/19/2018 08/19/18 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 $7,644 $856,000 $469,400 $386,600
2024 $7,644 $907,600 $463,000 $444,600
2023 $7,641 $948,000 $468,000 $480,000
2022 $7,722 $782,600 $365,000 $417,600
2020 $7,410 $663,600 $307,000 $356,600
2019 $6,614 $587,700 $279,000 $308,700
2018 $6,934 $543,900 $254,000 $289,900
2017 $5,951 $481,700 $212,000 $269,700
2016 $5,534 $448,700 $187,000 $261,700
2015 $5,150 $395,600 $174,000 $221,600
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: 1340217

Northwest Multiple Listing Service (NWMLS)

APN: 005137-000-047-09