Listed by NextHome Preview Properties
NOT LISTED FOR SALE

1601 E Fairhaven Ave Unit A & B Burlington, WA 98233

Estimated Value: $540,000 - $652,000

4 Beds
1 Bath
1,932 Sq Ft
$299/Sq Ft Est. Value

Last Sold July 01, 2020

Last sale price $385,000 $199 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,481/month

36 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Wood Siding

About This Home

As of July 2020

TURNKEY INVESTMENT INCOME! Beautiful and interesting duplex in a great location. Unit B features 3 bedrooms, 1 bathroom and 966 square feet. Unit A features 2 bedrooms, 1 bathroom and 966 square feet. Both units offer hardwood flooring, granite counter tops, large covered decks and cozy gas fireplaces. Perfect location, close to everything! Split entry plan, garages are over sized w/sep man doors. Plenty of extra parking, large lot w/room to build shop, garden, play area, etc.

Last Agent to Sell the Property

Brock Clements

NextHome Preview Properties License #138737 Listed on: 04/15/2020

NextHome Preview Properties

Co-Listed By

Martin Loberg

NextHome Preview Properties License #12522

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1590048

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,810

Year Built

  • Built in 1977

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 110x100

Home Design

  • Duplex
  • Poured Concrete
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,932 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Lucille Umbarger Ele Elementary School
  • Burlington Edison Hi High School

Community Details

  • Burlington Subdivision

Listing and Financial Details

  • Assessor Parcel Number P62494

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,810

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1932
  • SOCComments: 2.5
  • Special Features: None
  • Cumulative Days on Market: 402

Interior Features

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

Exterior Features

  • Roof: Metal
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Burlington
  • WaterCompany: PUD
  • WaterSewerGarbage: 2160

Schools

  • Junior High Dist: Burlington
  • High School: Burlington Edison Hi
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: P62494
  • Lot Size Acres: 0.2518
  • Lot Size: 110x100
  • Lot Size Sq Ft: 10968
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Gas Available
  • MLSLotSizeSource: Matrix
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2600

Multi Family

  • Gross Scheduled Income: 31200
  • Net Operating Income: 25720
  • Number Of Units Total: 2
  • Insurance Expense: 510
  • Leasable Area: 1932
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 2810

MLS Schools

  • Elementary School: Lucille Umbarger Ele

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2020
Closed on
Jun 27, 2020
Sold by
Messer Evelyne and Messer Evelyn
Bought by
Gould Ray R and Gould Peggy Lea
Seller's Agent
Brock Clements
NextHome Preview Properties
List Price
$429,999
Sold Price
$385,000
Premium/Discount to List
-$44,999
-10.46%
Current Estimated Value
$577,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,520
Avg. Annual Appreciation
7.99%
Original Mortgage
$288,700
Outstanding Balance
$257,038
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$315,001
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
Gould Ray R $385,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gould Ray R $288,700
Previous Owner Messer Evelyne $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2020 07/01/20 Sold $385,000 -3.7% $199 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
04/27/2020 04/27/20 Price Changed $399,950 -7.0% $207 / Sq Ft
04/15/2020 04/15/20 For Sale $429,999 -- $223 / 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
2024 $4,010 $504,700 $269,700 $235,000
2023 $4,010 $484,400 $250,900 $233,500
2022 $3,499 $530,500 $261,000 $269,500
2021 $3,248 $369,400 $148,000 $221,400
2020 $3,278 $317,800 $0 $0
2019 $2,811 $302,000 $0 $0
2018 $3,011 $272,300 $0 $0
2017 $2,866 $226,800 $0 $0
2016 $2,356 $220,800 $85,000 $135,800
2015 $2,264 $193,700 $88,200 $105,500
2013 $2,699 $161,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1590048

Northwest Multiple Listing Service (NWMLS)

APN: P62494