Listed by Real Property Associates, Bought with KW North Sound
$1,280,000
SOLD OCT 28, 2024

1625 Chestnut St Unit 1-4 Everett, WA 98201

Delta Neighborhood
-- Bed
-- Bath
3,424 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$374 Per Sq Ft

3% Below List Price

85 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Thermal Windows
  • Territorial View
  • No HOA
  • 2-minute walk to Henry Jackson Park

About This Home

As of October 2024

Instant Cash Opportunity! This 4-plex tucked away on a quiet street next to a new dog park & Jackson Park is a turnkey revenue machine. Built as condo with double walls between units. Brand new roof completed in January 2021, new paint 2023, all units have had full interior paint, lower units have new LVP installed in 2023. Full size Washer/Dryer in each unit. Lower units have enclosed yards (tenant-maintained) while top units have large covered decks. Operating costs stay low as the owner pays garbage, water & sewer but tenants contribute a utility contribution to off set owners expenses. Unit 3 is vacant as of 6/10. But will rent for $2025 with contribution. Beautifully maintained property, turn key and easy to rent.

Last Agent to Sell the Property

Heidi Bardue

Real Property Associates License #2699 Listed on: 07/26/2024

Last Buyer's Agent

Amy Wagner

KW North Sound License #24376

KW North Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2270542

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,645

Year Built

  • Built in 1985

Lot Details

  • 6,098 Sq Ft Lot
  • Property is Fully Fenced
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Tie Down

Interior Spaces

  • 3,424 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 10 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Everett High School

Utilities

  • Baseboard Heating
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Youngs Add Condos
  • North Everett Subdivision

Listing and Financial Details

  • Legal Lot and Block Lot 12 & 13 / BLK 325
  • Assessor Parcel Number 00619732501201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,645

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1985
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Youngs Add
  • New Construction: No
  • CalculatedSquareFootage: 3424
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 293

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl Plank
  • Interior Amenities: Ceramic Tile, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

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

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: PartiallyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: Everett Public Works
  • WaterCompany: Everett Public Works
  • WaterSewerGarbage: 5160

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 00619732501201
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully,High Speed Internet,Patio
  • MLSLotSizeSource: SCR
  • MLSSquareFootageSource: SCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: Lot 12 & 13

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 7830

Multi Family

  • Gross Scheduled Income: 92880
  • Net Operating Income: 77963
  • Number Of Units Total: 4
  • Insurance Expense: 2112
  • Leasable Area: 3424
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7645

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2024
Closed on
Nov 19, 2024
Sold by
Sadler Eric
Bought by
Nickelson Amanda
Seller's Agent
Heidi Bardue
Real Property Associates
Buyer's Agent
Amy Wagner
KW North Sound
List Price
$1,325,000
Sold Price
$1,280,000
Premium/Discount to List
-$45,000
-3.4%
Total Days on Market
85
Views
27
Current Estimated Value
$1,259,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,932
Avg. Annual Appreciation
-2.76%
Original Mortgage
$750,500
Outstanding Balance
$747,097
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$511,971

Purchase Details

Listed on
Jul 26, 2024
Closed on
Nov 14, 2024
Sold by
Wermes Leonard and Wermes Linda
Bought by
Nickelson Amanda
Seller's Agent
Heidi Bardue
Real Property Associates
Buyer's Agent
Amy Wagner
KW North Sound
List Price
$1,325,000
Sold Price
$1,280,000
Premium/Discount to List
-$45,000
-3.4%
Views
27

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,500
Outstanding Balance
$747,097
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$511,971

Purchase Details

Closed on
May 18, 2021
Sold by
Qiu Fengheng and Nagle Jason T
Bought by
Wermes Leonard and Wermes Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2018
Sold by
Nagle Jason and Qiu Fengheng
Bought by
Qiu Fengheng

Purchase Details

Closed on
Aug 22, 2014
Sold by
Songstad James R and Songstad Heidi K
Bought by
West Gerald W and West Alison E

Purchase Details

Closed on
Mar 25, 2008
Sold by
Nutter Russell E
Bought by
Songstad James R and Songstad Heidi K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,965
Interest Rate
5.72%
Mortgage Type
VA

Purchase Details

Closed on
Oct 16, 2003
Sold by
L & R Home Renovations Llc
Bought by
Nutter Russell E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,600
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $313 Fidelity National Title
Warranty Deed $1,280,000 Fidelity National Title
Warranty Deed $1,280,000 Fidelity National Title
Warranty Deed $970,000 Fidelity National Title
Interfamily Deed Transfer -- Rainier Title Llc
Warranty Deed $870,000 Rainier Title Llc
Warranty Deed $285,000 Cw Title
Warranty Deed $420,000 Pnwt
Warranty Deed $308,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,500 New Conventional
Closed $750,500 New Conventional
Previous Owner $668,000 New Conventional
Previous Owner $333,750 Stand Alone Refi Refinance Of Original Loan
Previous Owner $437,418 VA
Previous Owner $425,965 VA
Previous Owner $215,600 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $1,280,000 -0.4% $374 / Sq Ft
10/19/2024 10/19/24 Pending -- -- --
09/23/2024 09/23/24 Price Changed $1,285,000 -3.0% $375 / Sq Ft
07/26/2024 07/26/24 For Sale $1,325,000 -- $387 / 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 $7,645 $899,000 $288,200 $610,800
2024 $7,645 $890,240 $283,200 $607,040
2023 $7,460 $908,500 $267,600 $640,900
2022 $6,116 $668,000 $194,900 $473,100
2020 $6,151 $548,000 $163,800 $384,200
2019 $5,354 $480,000 $158,800 $321,200
2018 $5,427 $446,000 $135,800 $310,200
2017 $4,814 $394,000 $123,400 $270,600
2016 $4,173 $359,000 $117,600 $241,400
2015 $4,245 $344,000 $112,000 $232,000
2013 $4,223 $302,000 $112,000 $190,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2270542

Northwest Multiple Listing Service (NWMLS)

APN: 006197-325-012-01