Listed by COMPASS, Bought with Real Property Associates
NOT LISTED FOR SALE

Estimated Value: $1,167,000 - $1,330,000

8 Beds
4 Baths
3,424 Sq Ft
$371/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $970,000 $283 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,290/month

26 Days on Market

Highlights

  • Thermal Windows
  • Wood Siding
  • 2-minute walk to Henry Jackson Park
  • Ceramic Tile Flooring

About This Home

As of May 2021

Instant cash flow opportunity! This 4-plex tucked away on a quiet street next to Jackson Park is a turnkey revenue machine. Built as a condo with double walls between units. Brand new roof completed in January 2021! Washer/Dryer in each unit. Lower units have enclosed yards (tenant maintained) while top units have large decks. Operating costs stay low as the owner pays garbage while the tenants pay all other utilities. 3 of 4 units have tenants in place thru end of 2021, while unit 4 is recently vacant with proforma rent at $1300+. Potential for rent increases with COVID restrictions to be lifted at end of March. The tenants love living here, and are unaware of sale.

Last Agent to Sell the Property

Sterling Roe

COMPASS License #136210 Listed on: 03/19/2021

COMPASS

Last Buyer's Agent

Heidi Bardue

Real Property Associates License #2699

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1744967

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,152

Year Built

  • Built in 1985

Lot Details

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

Home Design

  • Quadruplex
  • Block Foundation
  • Wood Siding

Interior Spaces

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

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Garfield Elementary School
  • North Mid Middle School
  • Everett High School

Community Details

  • Riverside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00619732501201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,152

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: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3424
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank You!
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: See Remarks
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Everett
  • High School: Everett High
  • Middle Or Junior School: North Mid

Lot Info

  • Parcel Number: 00619732501201
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 4975

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6152

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 480
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Garfield Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2024
Sold by
Sadler Eric
Bought by
Nickelson Amanda
Current Estimated Value
$1,269,911

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
$743,600
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$526,311

Purchase Details

Closed on
Nov 14, 2024
Sold by
Wermes Leonard and Wermes Linda
Bought by
Nickelson Amanda

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
$743,600
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$526,311

Purchase Details

Listed on
Mar 19, 2021
Closed on
May 18, 2021
Sold by
Qiu Fengheng and Nagle Jason T
Bought by
Wermes Leonard and Wermes Linda
Seller's Agent
Sterling Roe
COMPASS
Buyer's Agent
Heidi Bardue
Real Property Associates
List Price
$1,100,000
Sold Price
$970,000
Premium/Discount to List
-$130,000
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.02%
Original Mortgage
$668,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2018
Closed on
Jul 12, 2018
Sold by
Nagle Jason and Qiu Fengheng
Bought by
Qiu Fengheng
Seller's Agent
Alison West
Agile Property Management LLC
Buyer's Agent
Pamela Vanek
AgencyOne
List Price
$912,300
Sold Price
$870,000
Premium/Discount to List
-$42,300
-4.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.89%

Purchase Details

Listed on
Oct 4, 2012
Closed on
Aug 22, 2014
Sold by
Songstad James R and Songstad Heidi K
Bought by
West Gerald W and West Alison E
Seller's Agent
Jason Hull
KW Greater Seattle
Buyer's Agent
Alison West
Agile Property Management LLC
List Price
$335,000
Sold Price
$285,000
Premium/Discount to List
-$50,000
-14.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.23%

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nickelson Amanda $313 Fidelity National Title
Nickelson Amanda $1,280,000 Fidelity National Title
Nickelson Amanda $1,280,000 Fidelity National Title
Wermes Leonard $970,000 Fidelity National Title
Qiu Fengheng -- Rainier Title Llc
Qiu Fengheng $870,000 Rainier Title Llc
West Gerald W $285,000 Cw Title
Songstad James R $420,000 Pnwt
Nutter Russell E $308,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nickelson Amanda $750,500
Closed Nickelson Amanda $750,500
Previous Owner Wermes Leonard $668,000
Previous Owner Songstad James R $425,965
Previous Owner Nutter Russell E $215,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2021 05/20/21 Sold $970,000 -7.6% $283 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
04/05/2021 04/05/21 Price Changed $1,050,000 -4.5% $307 / Sq Ft
03/19/2021 03/19/21 For Sale $1,100,000 +26.4% $321 / Sq Ft
07/16/2018 07/16/18 Sold $870,000 -0.6% $255 / Sq Ft View Prior Sale
06/26/2018 06/26/18 Pending -- -- --
06/18/2018 06/18/18 Price Changed $875,000 -4.1% $256 / Sq Ft
06/04/2018 06/04/18 For Sale $912,300 +220.1% $267 / Sq Ft
08/25/2014 08/25/14 Sold $285,000 -14.9% $83 / Sq Ft View Prior Sale
09/28/2013 09/28/13 Pending -- -- --
10/04/2012 10/04/12 For Sale $335,000 -- $98 / 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: 1744967

Northwest Multiple Listing Service (NWMLS)

APN: 006197-325-012-01