Listed by RE/MAX Northwest, Bought with Windermere Real Estate Whatcom
NOT LISTED FOR SALE

16302 2nd Place W Lynnwood, WA 98087

Estimated Value: $992,000 - $1,179,232

6 Beds
4 Baths
2,712 Sq Ft
$402/Sq Ft Est. Value

Last Sold March 09, 2017

Last sale price $565,000 $208 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $6,470/month

Highlights

  • 0.72 Acre Lot
  • Open Space
  • Wall to Wall Carpet

About This Home

As of March 2017

Investment opportunity in Lynnwood by Martha Lake! Prime location easy access to Freeway I-5/ Shopping, Grocery. Level 31,363 sf lot size! Private setting with long drive way, lots of parking spaces. Built in 1986, 1356 of living Square feet each unit 3 bedroom - 1.5 bath. Functional open floor plan with Large Living rom w/wood burn FRPL. Washer & dryer in each unit. Attached car garage. Large deck, fully fenced. New exterior painted Spring 2016. Live one side & rent other.

Last Agent to Sell the Property

Tennie Luu

RE/MAX Northwest License #16907 Listed on: 03/09/2017

RE/MAX Northwest

Last Buyer's Agent

Michael Reams

Windermere Real Estate Whatcom License #114384

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1086067

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,460

Year Built

  • Built in 1986

Lot Details

  • 0.72 Acre Lot
  • Open Space
  • Property is in good condition

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,712 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Community Details

  • Martha Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00509300000302

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,460

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1986
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2712
  • EffectiveYearBuiltSource: Public Records
  • 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: Open Space
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Slab
  • Property Condition: Good
  • 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: Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: Alderwood
  • WaterCompany: Alderwood
  • WaterSewerGarbage: 1223

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00509300000302
  • Lot Size Acres: 0.72
  • Lot Size Sq Ft: 31363
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: 0.72
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3050

Multi Family

  • Gross Scheduled Income: 36600
  • Net Operating Income: 28087
  • Number Of Units Total: 6
  • Insurance Expense: 1830
  • Leasable Area: 2712
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 5460

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2023
Sold by
Antrim Liam and Antrim Pamela
Bought by
Antrim Kai
Current Estimated Value
$1,089,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,500
Outstanding Balance
$627,184
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$462,374

Purchase Details

Listed on
Mar 9, 2017
Closed on
Apr 18, 2017
Sold by
Nguyen Giahan D and Tran Phong N
Bought by
Antrim Liam and Maurides Pamela
Seller's Agent
Tennie Luu
RE/MAX Northwest
Buyer's Agent
Michael Reams
Windermere Real Estate Whatcom
List Price
$565,000
Sold Price
$565,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$423,750
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Nguyen Giahan D and Tran Phuong N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2007
Sold by
Johnson Steven R and Johnson Oh Nim
Bought by
Bunselmeyer Nicole G and Bunselmeyer Kurt E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
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
Antrim Kai -- Fidelity National Title
Antrim Liam $565,000 First American
Nguyen Giahan D $305,000 Northwest Title
Bunselmeyer Nicole G $625,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Antrim Kai $647,500
Previous Owner Antrim Liam $423,750
Previous Owner Nguyen Giahan D $244,000
Previous Owner Bunselmeyer Nicole G $460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2017 03/10/17 Pending -- -- --
03/09/2017 03/09/17 Sold $565,000 0.0% $208 / Sq Ft
03/09/2017 03/09/17 For Sale $565,000 -- $208 / 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 $8,053 $1,023,400 $705,000 $318,400
2024 $8,053 $960,400 $695,000 $265,400
2023 $8,954 $1,121,100 $825,000 $296,100
2022 $8,148 $829,300 $525,000 $304,300
2020 $7,837 $703,200 $464,000 $239,200
2019 $6,685 $594,200 $380,000 $214,200
2018 $7,012 $550,300 $350,000 $200,300
2017 $5,950 $481,600 $300,000 $181,600
2016 $5,460 $442,400 $280,000 $162,400
2015 $5,291 $407,000 $241,000 $166,000
2013 $4,066 $293,400 $155,000 $138,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1086067

Northwest Multiple Listing Service (NWMLS)

APN: 005093-000-003-02