Listed by Pettruzzelli Inc, Bought with eXp Realty
NOT LISTED FOR SALE

1903 Cleveland Ave Mount Vernon, WA 98273

Estimated Value: $428,000 - $563,000

4 Beds
2 Baths
1,620 Sq Ft
$298/Sq Ft Est. Value

Last Sold February 07, 2017

Last sale price $202,500 $125 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $2,845/month

9 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of February 2017

Excellent investment opportunity situated in the heart of Mount Vernon. This duplex has recently been updated with a new roof, floors, carpet , toilet and sinks. Each unit is currently rented to tenants on a month to month lease. Purchase this home and you can live in one unit and rent out the other, or rent both out! It is conveniently situated near shopping, bus routes, schools and more! It's a great cash flow opportunity, you won't want to miss this one!

Last Agent to Sell the Property

Dominic Pettruzzelli

Pettruzzelli Inc License #26275 Listed on: 12/19/2016

Last Buyer's Agent

Jason Windom

eXp Realty License #22019368

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1055761

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,305

Year Built

  • Built in 1944

Lot Details

  • 5,496 Sq Ft Lot

Parking

  • Open Parking

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,620 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Community Details

  • Mount Vernon Subdivision

Listing and Financial Details

  • Assessor Parcel Number P52839

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,305

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1944
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1620
  • Special Features: None
  • Cumulative Days on Market: 350

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3120

Schools

  • Junior High Dist: Mount Vernon

Lot Info

  • Parcel Number: P52839
  • Lot Size Acres: 0.1262
  • Lot Size Sq Ft: 5496
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 1650

Multi Family

  • Gross Scheduled Income: 19800
  • Net Operating Income: 12003
  • Number Of Units Total: 6
  • Insurance Expense: 590
  • Leasable Area: 1620
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 9

Tax Info

  • Year: 2016
  • Tax Annual Amount: 2305

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2020
Sold by
Beadles Jennifer
Bought by
Yepez Jose Fernando and Bossarte Evangeline Michelle
Current Estimated Value
$458,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,625
Outstanding Balance
$207,288
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$275,595

Purchase Details

Listed on
Dec 19, 2016
Closed on
Feb 1, 2017
Sold by
Beadles Travis
Bought by
Beadles Jennifer
Seller's Agent
Dominic Pettruzzelli
Pettruzzelli Inc
Buyer's Agent
Jason Windom
eXp Realty
List Price
$210,000
Sold Price
$202,500
Premium/Discount to List
-$7,500
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.75%
Original Mortgage
$151,875
Interest Rate
4.3%

Purchase Details

Closed on
Nov 16, 2015
Sold by
Deutsche Bank National Trust Company
Bought by
De Jong Investments Llc

Purchase Details

Closed on
Sep 9, 2015
Sold by
Boe Monique R and Boe Randall L
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jun 26, 2015
Sold by
Boe Monique R and Boe Randall L
Bought by
Deutsche Bank National Trust Company
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Yepez Jose Fernando $307,500 Chicago Title
Beadles Jennifer -- Chicago Title Company Of Wa
Beadles Jennifer $202,500 Chicago Title Company Of Wa
De Jong Investments Llc $114,701 Guardian Northwest Title Co
Deutsche Bank National Trust Company $173,000 None Available
Deutsche Bank National Trust Company $173,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yepez Jose Fernando $230,625
Previous Owner Beadles Jennifer $151,875
Previous Owner Dejong Investments Llc --
Previous Owner Boe Randall L $194,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2017 02/07/17 Sold $202,500 -3.6% $125 / Sq Ft
12/29/2016 12/29/16 Pending -- -- --
12/19/2016 12/19/16 For Sale $210,000 -- $130 / 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 $3,989 $389,500 $224,000 $165,500
2023 $3,989 $371,200 $206,600 $164,600
2022 $3,552 $333,200 $175,500 $157,700
2021 $3,511 $287,200 $160,900 $126,300
2020 $2,987 $263,600 $0 $0
2019 $2,339 $217,900 $0 $0
2018 $2,754 $191,800 $0 $0
2017 $2,276 $175,400 $0 $0
2016 $2,304 $142,600 $70,000 $72,600
2015 $2,836 $142,600 $70,000 $72,600
2013 $2,538 $148,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1055761

Northwest Multiple Listing Service (NWMLS)

APN: P52839