Listed by Elite Edge Real Estate, Inc, Bought with KW North Sound
NOT LISTED FOR SALE

1802 -1804 N 40th Place Mount Vernon, WA 98273

Estimated Value: $552,000 - $627,000

6 Beds
2 Baths
2,000 Sq Ft
$288/Sq Ft Est. Value

Last Sold March 26, 2015

Last sale price $225,000 $112 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $3,425/month

116 Days on Market

Highlights

  • Thermal Windows
  • High Speed Internet
  • Wood Siding
  • Patio
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of March 2015

Well maintained income producing property. Easy to keep rented with a convenient MV location. Good size living room and plenty of room in adjoining kitchen/dining area. Ample room in all 3 bedrooms. Efficient gas furnaces were replaced in both units. Roof has been replaced and is in good shape. Exterior painted a few years ago. Slider off the dining area to a large backyard.

Last Agent to Sell the Property

Ivana Wood

Elite Edge Real Estate, Inc License #5300 Listed on: 10/24/2014

Last Buyer's Agent

Jeryd Smith

KW North Sound License #109593

KW North Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 710455

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,499

Year Built

  • Built in 1988

Lot Details

  • 10,019 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Mount Vernon High School

Utilities

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

Community Details

  • Mount Vernon Subdivision

Listing and Financial Details

  • Assessor Parcel Number P24846

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,499

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1988
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2000
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • 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: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of MV
  • WaterCompany: PUD
  • WaterSewerGarbage: 3567

Schools

  • Junior High Dist: Mount Vernon
  • High School: Mount Vernon High

Lot Info

  • Parcel Number: P24846
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Assessor
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 1670

Multi Family

  • Gross Scheduled Income: 20040
  • Net Operating Income: 12441
  • Number Of Units Total: 2
  • Insurance Expense: 531
  • Leasable Area: 2000
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2014
  • Tax Annual Amount: 2499

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2019
Sold by
Prity Wendy M
Bought by
Prity Brian
Current Estimated Value
$576,689

Purchase Details

Closed on
Jul 12, 2019
Sold by
Elmore Favian M
Bought by
Peitz Windy and Peitz Brian

Purchase Details

Listed on
Oct 24, 2014
Closed on
Mar 24, 2015
Sold by
Watkinson Lloyd and Watkinson Shirley L
Bought by
Elmore Favian M
Seller's Agent
Ivana Wood
Elite Edge Real Estate, Inc
Buyer's Agent
Jeryd Smith
KW North Sound
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.30%
Original Mortgage
$220,924
Interest Rate
3.65%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 29, 2008
Sold by
Watkinson Lyle and Watkinson Nancy
Bought by
Watkinson Lloyd and Watkinson Shirley
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
Prity Brian -- None Available
Peitz Windy $322,000 Chicago Title
Elmore Favian M $225,000 Chicago Title Company
Watkinson Lloyd $200,280 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elmore Favian M $220,924
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2015 03/26/15 Sold $225,000 0.0% $113 / Sq Ft
02/18/2015 02/18/15 Pending -- -- --
10/24/2014 10/24/14 For Sale $225,000 -- $113 / 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
2024 $4,506 $482,000 $224,000 $258,000
2023 $4,506 $463,300 $206,600 $256,700
2022 $3,983 $421,300 $175,500 $245,800
2021 $3,731 $357,800 $160,900 $196,900
2020 $3,574 $311,800 $0 $0
2019 $2,835 $288,700 $0 $0
2018 $3,343 $262,600 $0 $0
2017 $2,627 $236,000 $0 $0
2016 $2,650 $187,200 $67,200 $120,000
2015 $2,913 $187,200 $67,200 $120,000
2013 $2,531 $173,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 710455

Northwest Multiple Listing Service (NWMLS)

APN: P24846