Listed by RE/MAX Northwest, Bought with RE/MAX Northwest
NOT LISTED FOR SALE

Estimated Value: $1,144,000 - $1,248,000

8 Beds
4 Baths
3,974 Sq Ft
$302/Sq Ft Est. Value

Last Sold November 07, 2014

Last sale price $401,000 $101 Per Sq Ft

Est. 200% increase in value since last sale

Current estimated payment $7,126/month

2 Days on Market

Highlights

  • Corner Lot
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of November 2014

Great town home style 4-plex with tons of upside potential. Well maintained and located in prime rental neighborhood near downtown Everett. Very walkable and convenient to transit. All units are in good condition and 2 beds and a full bath up plus 1.5 bath and washer and dryer hook-ups on main floor. Small patios off the kitchen eating area. Don't miss this investment opportunity! Long term tenants mean rents are far below market (compare to others at $1000/unit).

Last Agent to Sell the Property

Rita Lindle

RE/MAX Northwest License #3731 Listed on: 09/19/2014

RE/MAX Northwest

Last Buyer's Agent

Allen Johnson

RE/MAX Northwest License #42042

RE/MAX Northwest

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 696576

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,868

Year Built

  • Built in 1978

Lot Details

  • 6,970 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,974 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Community Details

  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00451400703100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,868

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1978
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3974
  • Special Features: None

Interior Features

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

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: Everett
  • WaterCompany: Everett
  • WaterSewerGarbage: 3300

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00451400703100
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6970
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: SCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2740

Multi Family

  • Gross Scheduled Income: 32880
  • Net Operating Income: 22891
  • Number Of Units Total: 4
  • Insurance Expense: 1021
  • Leasable Area: 3974
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 3868

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2017
Sold by
Lim Michael J and Kim Alice
Bought by
Alpine Investment Partners Llc
Current Estimated Value
$1,201,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Outstanding Balance
$422,861
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$779,092

Purchase Details

Closed on
Oct 12, 2017
Sold by
Vi Roger W
Bought by
Lim Michael J and Kim Alice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Outstanding Balance
$422,861
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$779,092

Purchase Details

Closed on
Mar 25, 2016
Sold by
Ngo Eileen L
Bought by
Vi Roger W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 19, 2014
Closed on
Nov 6, 2014
Sold by
Slb Properties Llc
Bought by
Vi Roger W
Seller's Agent
Rita Lindle
RE/MAX Northwest
Buyer's Agent
Allen Johnson
RE/MAX Northwest
List Price
$399,000
Sold Price
$401,000
Premium/Discount to List
$2,000
0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Original Mortgage
$300,750
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2013
Sold by
Boulanger Stephen Lawrence and Boulanger Lisa Marie
Bought by
Slb Properties Llc

Purchase Details

Closed on
Sep 1, 1997
Sold by
Schuler Cohn Valarie J and Schuler Valarie J
Bought by
Boulanger Stephen L and Boulanger Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
7.42%
Mortgage Type
Balloon
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
Alpine Investment Partners Llc -- None Available
Lim Michael J $675,000 First American Title Ins Co
Vi Roger W -- First American
Vi Roger W $401,000 Chicago Title
Slb Properties Llc -- None Available
Boulanger Stephen L $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lim Michael J $506,250
Previous Owner Vi Roger W $332,500
Previous Owner Vi Roger W $300,750
Previous Owner Boulanger Stephen L $172,000
Closed Boulanger Stephen L $21,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2014 11/07/14 Sold $401,000 +0.5% $101 / Sq Ft
09/22/2014 09/22/14 Pending -- -- --
09/19/2014 09/19/14 For Sale $399,000 -- $100 / 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 $9,035 $1,090,000 $332,300 $757,700
2024 $9,035 $1,052,000 $332,300 $719,700
2023 $8,171 $995,000 $310,700 $684,300
2022 $7,746 $846,000 $228,800 $617,200
2020 $8,071 $719,000 $182,000 $537,000
2019 $7,161 $642,000 $168,700 $473,300
2018 $6,620 $544,000 $152,700 $391,300
2017 $5,584 $457,000 $140,100 $316,900
2016 $4,324 $372,000 $132,200 $239,800
2015 $3,949 $320,000 $132,200 $187,800
2013 $3,929 $281,000 $122,300 $158,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 696576

Northwest Multiple Listing Service (NWMLS)

APN: 004514-007-031-00