NOT LISTED FOR SALE

17525 W Main St Monroe, WA 98272

Estimated Value: $666,714 - $717,000

4 Beds
2 Baths
1,728 Sq Ft
$402/Sq Ft Est. Value

Last Sold March 05, 2020

Last sale price $452,000 $262 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,075/month

2 Days on Market

Highlights

  • 0.29 Acre Lot
  • Thermal Windows
  • Wall to Wall Carpet
  • Corner Lot
  • Wood Siding
  • 1-Story Property

About This Home

As of March 2020

Great investment due to zoning changes!!

Nice duplex on a BIG corner lot. Live in one side, rent/use as office in the other. Current tenant has been there for years. Great renter to have. Easy freeway access Us-2 & HWY 522, getting you to Microsoft or Amazon locations. Mix Use Commercial(MUC) zoning allowing for residential, commercial office and light industrial uses. Monroe zoning code, residential density is 12-20 units per acres. Shop has no value $5000 buyer credit, Cross list#1564756

Last Agent to Sell the Property

Carol Tover

HomeSmart Real Estate Assoc License #116237 Listed on: 02/18/2020

HomeSmart Real Estate Assoc

Last Buyer's Agent

Carol Tover

HomeSmart Real Estate Assoc License #116237 Listed on: 02/18/2020

HomeSmart Real Estate Assoc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1563587

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,020

Year Built

  • Built in 1970

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 100' x 132'
  • Corner Lot
  • Value in Land
  • Property is in good condition

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,728 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Schools

  • Frank Wagner Elementary School
  • Park Place Middle Sc
  • Monroe High School

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Monroe Subdivision

Listing and Financial Details

  • Legal Lot and Block Lot 1 & 2 / 3
  • Assessor Parcel Number 00517300300100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,020

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1970
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1728
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you
  • Special Features: None

Interior Features

  • Possible Use: See Remarks
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk, Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • 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: Septic Tank
  • Water Source: Public
  • Utilities: Septic System, Electric
  • PowerCompany: Snohomish PUD
  • WaterCompany: City of Monroe
  • WaterSewerGarbage: 1416

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Monroe
  • High School: Monroe High
  • Middle Or Junior School: Park Place Middle Sc

Lot Info

  • Parcel Number: 00517300300100
  • Lot Size Acres: 0.29
  • Lot Size: 100' X 132'
  • Lot Size Sq Ft: 12632
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings,Shop
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: See Remarks
  • ZoningClass: See Remarks
  • LotNumber: Lot 1 & 2

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 22800
  • Net Operating Income: 17658
  • Number Of Units Total: 2
  • Insurance Expense: 706
  • Leasable Area: 1728
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 3020

MLS Schools

  • Elementary School: Frank Wagner Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Mar 4, 2020
Sold by
Edens Michael L and Edens Cheryl A
Bought by
Smith Brad R and Maas Smith Brenda
Seller's Agent
Carol Tover
HomeSmart Real Estate Assoc
Buyer's Agent
Carol Tover
HomeSmart Real Estate Assoc
List Price
$439,900
Sold Price
$452,000
Premium/Discount to List
$12,100
2.75%
Current Estimated Value
$694,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,679
Avg. Annual Appreciation
7.98%

Purchase Details

Closed on
Jul 6, 2015
Sold by
Real Property Funding Group Llc
Bought by
Roosevelt Holdings Llc

Purchase Details

Closed on
Jan 10, 2003
Sold by
Sulymankhel Nazir
Bought by
Edens Michael L and Edens Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,850
Interest Rate
6.15%

Purchase Details

Closed on
May 5, 1999
Sold by
Molner Ernie and Spurrier Nadine
Bought by
Sulymankhel Nazir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,200
Interest Rate
6.86%

Purchase Details

Closed on
Aug 21, 1998
Sold by
Peterson Steve C and Peterson Conrad R
Bought by
Molner Ernie and Spurrier Nadine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.91%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 12, 1997
Sold by
Peterson Steve C
Bought by
Rodland Roy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,875
Interest Rate
7.34%
Mortgage Type
Seller Take Back
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
Smith Brad R $452,000 Stewart Title
Roosevelt Holdings Llc -- Stewart
Edens Michael L $210,950 Commonwealth
Sulymankhel Nazir $218,000 Evergreen Title Company Inc
Molner Ernie $160,000 First American Title Co
Rodland Roy A $62,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edens Michael L $189,850
Previous Owner Sulymankhel Nazir $196,200
Previous Owner Molner Ernie $128,000
Previous Owner Rodland Roy A $46,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2020 03/05/20 Sold $452,000 +2.8% $262 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $439,900 -- $255 / 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 $4,841 $598,000 $369,700 $228,300
2024 $4,841 $598,000 $361,600 $236,400
2023 $4,173 $559,000 $356,600 $202,400
2022 $3,845 $411,000 $238,700 $172,300
2020 $3,021 $311,000 $191,100 $119,900
2019 $2,971 $302,000 $183,200 $118,800
2018 $3,312 $276,000 $176,800 $99,200
2017 $2,982 $260,000 $176,800 $83,200
2016 $3,016 $242,000 $170,500 $71,500
2015 $2,981 $225,000 $170,500 $54,500
2013 $2,875 $198,500 $170,500 $28,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1563587

Northwest Multiple Listing Service (NWMLS)

APN: 005173-003-001-00