Listed by Gilpin Realty, Inc., Bought with The Preview Group
NOT LISTED FOR SALE

18010 31st Ave NE Arlington, WA 98223

Estimated Value: $809,194 - $940,000

6 Beds
6 Baths
2,799 Sq Ft
$322/Sq Ft Est. Value

Last Sold October 14, 2016

Last sale price $432,000 $154 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $5,404/month

48 Days on Market

Highlights

  • Property is in very good condition
  • Wall to Wall Carpet
  • 2-minute walk to J Rudy York Memorial Park
  • Wood Siding

About This Home

As of October 2016

Great newer townhome style duplex with 3 bedrooms/2.5 baths in each unit and each has two car garage! Tenants pay all their own utilities. Nice condition, local owner had management company on it. Tenants since 2007 and 2009, rents are WAY too low and will be increasing starting July 1, 2016. Financials are proforma based on what the rents should be. 6.5 cap rate, 15 gross rent multiplier

Last Agent to Sell the Property

Marilyn Blackburn

Gilpin Realty, Inc. License #23419 Listed on: 05/13/2016

Last Buyer's Agent

Walt Flynn

The Preview Group License #4540

The Preview Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 942397

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,400

Year Built

  • Built in 2006

Lot Details

  • 0.27 Acre Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,799 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Utilities

  • Natural Gas Connected

Community Details

  • Smokey Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00445300001103

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,400

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2006
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2799
  • Special Features: None
  • Cumulative Days on Market: 403

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

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
  • Utilities: Sewer Connected, Natural Gas Connected
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Lakewood

Lot Info

  • Parcel Number: 00445300001103
  • Lot Size Acres: 0.27
  • Lot Size Sq Ft: 11761
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: realist

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 2800

Multi Family

  • Gross Scheduled Income: 33600
  • Net Operating Income: 29000
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 2800
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2016
Closed on
Sep 22, 2016
Sold by
Gaenz Dorlin G and Roda A Gaenz Disclaimer Trust
Bought by
Nicholson Joshua and Nicholson Angela
Seller's Agent
Marilyn Blackburn
Gilpin Realty, Inc.
Buyer's Agent
Walt Flynn
The Preview Group
List Price
$443,000
Sold Price
$432,000
Premium/Discount to List
-$11,000
-2.48%
Current Estimated Value
$901,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$469,549
Avg. Annual Appreciation
8.66%
Original Mortgage
$437,751
Outstanding Balance
$351,881
Interest Rate
3.46%
Mortgage Type
VA
Estimated Equity
$549,668

Purchase Details

Closed on
Jun 25, 2010
Sold by
Gaenz Dorlin G and Estate Of Roda A Gaenz
Bought by
Gaenz Dorlin G and Roda A Gaenz Disclaimer Trust
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
Nicholson Joshua $432,000 Chicago Title Company Of Wa
Gaenz Dorlin G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicholson Joshua $103,109
Open Nicholson Joshua $437,751
Previous Owner Gaenz Dorlin $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2016 10/14/16 Sold $432,000 -2.5% $154 / Sq Ft
07/01/2016 07/01/16 Pending -- -- --
05/13/2016 05/13/16 For Sale $443,000 -- $158 / 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 $5,896 $728,900 $218,500 $510,400
2024 $5,896 $680,600 $187,900 $492,700
2023 $5,485 $699,300 $195,500 $503,800
2022 $5,113 $543,800 $160,700 $383,100
2020 $4,306 $441,600 $126,700 $314,900
2019 $3,658 $400,300 $114,400 $285,900
2018 $4,213 $380,900 $99,400 $281,500
2017 $3,863 $347,600 $84,500 $263,100
2016 $3,352 $302,500 $75,700 $226,800
2015 $3,290 $284,000 $63,400 $220,600
2013 $3,166 $278,500 $52,800 $225,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 942397

Northwest Multiple Listing Service (NWMLS)

APN: 004453-000-011-03