NOT LISTED FOR SALE

1726 121st St SE Unit 1-4 Everett, WA 98208

Silver Lake Neighborhood

Estimated Value: $1,390,000 - $1,852,076

-- Bed
9 Baths
4,956 Sq Ft
$330/Sq Ft Est. Value

Last Sold March 30, 2017

Last sale price $962,876 $194 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $9,742/month

17 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • High Speed Internet
  • Deck
  • Cul-De-Sac
  • Property is in very good condition

About This Home

As of March 2017

Four Plex, S,Everett/Silverlake Park, 6% Cap Rate, Owner finance terms,built in 2002,Large 4Bed/2.5B and 2Bed/2.5B units, 4 garages,plenty of upside for increased income with utility bill back,low maintenance, turn key opportunity,HOA covers garbage,landscape,asphalt,security. Walk to Lake,Park,Medical facilities and restaurants.Vacancy rates less than 1.9% in Snohomish County!Solid Investment for years to come,growing and appreciating area.Newer appliances,washer&dryers,decks,fireplaces.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 03/06/2017

Skyline Properties, Inc.

Last Buyer's Agent

Craig Nosler

RE/MAX Integrity License #11051

RE/MAX Integrity

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1080665

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,360

Year Built

  • Built in 2002

Lot Details

  • 6,534 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Sprinkler System
  • Property is in very good condition

HOA Fees

  • $256 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,956 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Silver Lake Elementary School
  • Heatherwood Mid Middle School
  • Henry M. Jackson Hig High School

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • Silver Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00853800000400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,360

Year Built

Built in 2002

Lot Details

0

HOA Fees

$256 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2002
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4956
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 301

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers,Storage

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Lot Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: SecuritySystem, FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PUD
  • SewerCompany: Silver Lake
  • WaterCompany: Silver Lake
  • WaterSewerGarbage: 3093

Condo/Co-op/Association

  • Association Fee: 3072
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Everett
  • High School: Henry M. Jackson Hig
  • Middle Or Junior School: Heatherwood Mid

Lot Info

  • Parcel Number: 00853800000400
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Sprinkler System
  • MLSLotSizeSource: TITLE
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: Security System
  • TotalMonthlyIncome: 6000

Multi Family

  • Gross Scheduled Income: 72000
  • Net Operating Income: 57808
  • Number Of Units Total: 4
  • Insurance Expense: 1667
  • Leasable Area: 4956
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 6360

MLS Schools

  • Elementary School: Silver Lake Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2017
Closed on
Mar 27, 2017
Sold by
Hewitt Chad and Hewitt Rickie
Bought by
Mcarthur Charles Kennan and Mcarthur Dana Janet
Seller's Agent
Donna Marshall
Skyline Properties, Inc.
Buyer's Agent
Craig Nosler
RE/MAX Integrity
List Price
$962,876
Sold Price
$962,876
Total Days on Market
17
Current Estimated Value
$1,635,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$672,816
Avg. Annual Appreciation
5.78%

Purchase Details

Closed on
Feb 24, 2016
Sold by
Hoffman Dennis W and Hoffman Judy
Bought by
Hewitt Chad and Hewitt Rickie

Purchase Details

Closed on
Sep 2, 2003
Sold by
Gustavson William M
Bought by
Hoffman Dennis Wayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,950
Interest Rate
6.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 17, 2001
Sold by
Gustavson William
Bought by
Gustavson William M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,700
Interest Rate
8.25%
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
Mcarthur Charles Kennan $962,875 First American
Hewitt Chad $706,500 First American Title Ins Co
Hoffman Dennis Wayne $559,000 Chicago Title
Gustavson William M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoffman Dennis Wayne $354,051
Previous Owner Hoffman Dennis Wayne $200,000
Previous Owner Hoffman Dennis Wayne $397,000
Previous Owner Hoffman Dennis Wayne $318,950
Previous Owner Gustavson William M $358,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2017 03/30/17 Sold $962,876 0.0% $194 / Sq Ft
03/24/2017 03/24/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $962,876 -- $194 / 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 $9,670 $1,220,000 $323,700 $896,300
2024 $9,670 $1,150,000 $307,200 $842,800
2023 $8,951 $1,114,000 $300,700 $813,300
2022 $9,122 $1,020,000 $248,400 $771,600
2020 $10,997 $1,000,000 $183,800 $816,200
2019 $10,908 $1,000,000 $174,000 $826,000
2018 $8,513 $715,000 $135,000 $580,000
2017 $8,231 $690,000 $135,000 $555,000
2016 $6,360 $562,000 $135,000 $427,000
2015 $6,368 $530,000 $131,000 $399,000
2013 $6,714 $490,000 $119,000 $371,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1080665

Northwest Multiple Listing Service (NWMLS)

APN: 008538-000-004-00