Listed by Skyline Properties, Inc., Bought with RE/MAX Elite
NOT LISTED FOR SALE

Estimated Value: $840,000 - $992,000

8 Beds
4 Baths
2,672 Sq Ft
$348/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $676,000 $253 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,405/month

5 Days on Market

Highlights

  • 0.46 Acre Lot
  • Ceramic Tile Flooring
  • Property is in very good condition
  • Thermal Windows
  • High Speed Internet
  • Partially Fenced Property

About This Home

As of August 2020

Fantastic investment opportunity. Very well maintained 4 unit apartment building. PRIME location within the City of Marysville's General Commercial Zoning. Limitless possibilities. Adjacent to multiple brand new automotive and RV dealerships. Recent very significant local investments in infrastructure, retail, medical, hospitality, and residential projects by both private and public entities too numerous to mention. Kind owner has been very generous with rental rates. Don't miss this one.

Last Agent to Sell the Property

Kirk LeDoux

Skyline Properties, Inc. License #51306 Listed on: 08/07/2020

Skyline Properties, Inc.

Last Buyer's Agent

Rob Gadbois

RE/MAX Elite License #25040

RE/MAX Elite

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1641654

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,243

Year Built

  • Built in 1968

Lot Details

  • 0.46 Acre Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,672 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Smokey Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 31052800301000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,243

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1968
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2672
  • Special Features: None

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City of Marysville
  • WaterCompany: City of Marysville
  • WaterSewerGarbage: 4459

Schools

  • Junior High Dist: Lakewood

Lot Info

  • Parcel Number: 31052800301000
  • Lot Size Acres: 0.46
  • Lot Size Sq Ft: 20038
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 3250

Multi Family

  • Gross Scheduled Income: 39000
  • Net Operating Income: 27799
  • Number Of Units Total: 4
  • Electric Expense: 100
  • Insurance Expense: 1400
  • Leasable Area: 2676
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5243

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2022
Sold by
Farnes Gerald L and Farnes Deborah L
Bought by
Farnes Properties Llc
Current Estimated Value
$930,842

Purchase Details

Listed on
Aug 7, 2020
Closed on
Aug 26, 2020
Sold by
Ledoux Debra and Petritz Debra L
Bought by
Fames Gerald L and Fames Deborah L
Seller's Agent
Kirk LeDoux
Skyline Properties, Inc.
Buyer's Agent
Rob Gadbois
RE/MAX Elite
List Price
$650,000
Sold Price
$676,000
Premium/Discount to List
$26,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.40%

Purchase Details

Closed on
Oct 28, 1999
Sold by
Ledoux Barbara E
Bought by
Petritz James G and Petritz Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7.82%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 18, 1994
Sold by
Ledoux Barbara
Bought by
County Of Snohomish
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Farnes Properties Llc -- None Listed On Document
Fames Gerald L $676,000 Chicago Title
Farnes Gerald L $676,000 Chicago Title
Petritz James G -- --
County Of Snohomish -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Petritz James G $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2020 08/28/20 Sold $676,000 +4.0% $253 / Sq Ft
08/12/2020 08/12/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $650,000 -- $243 / 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 $6,277 $776,000 $566,000 $210,000
2024 $6,277 $761,000 $556,000 $205,000
2023 $5,713 $718,000 $337,500 $380,500
2022 $6,166 $641,000 $307,800 $333,200
2020 $5,243 $473,000 $270,000 $203,000
2019 $3,955 $415,000 $230,000 $185,000
2018 $3,945 $343,000 $184,000 $159,000
2017 $3,642 $318,000 $184,000 $134,000
2016 $3,495 $305,000 $173,400 $131,600
2015 $3,368 $280,000 $173,400 $106,600
2013 $3,176 $247,000 $165,100 $81,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1641654

Northwest Multiple Listing Service (NWMLS)

APN: 310528-003-010-00