Listed by The Preview Group, Bought with Berkshire Hathaway HS NW
NOT LISTED FOR SALE

Estimated Value: $1,432,000 - $1,680,000

8 Beds
4 Baths
4,512 Sq Ft
$340/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $1,280,000 $284 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $9,215/month

11 Days on Market

Highlights

  • Deck
  • Patio
  • High Speed Internet
  • Territorial View
  • Ceramic Tile Flooring
  • 4-minute walk to Scriber Lake Park

About This Home

As of August 2021

An ideally located 4 Plex near Scriber Lake. Excellent access to 99, I-5, close to Transit, Alderwood Mall straight shot into Seattle if needed. These large units stay very well rented, each unit @ 1128 sq.ft, 2 large bedrooms, 1.5 bathrooms, living rms, dining rms, kitchens, laundry room, fireplaces and decks/patios. Each unit is offered 2 private spots. Roof is excellent, great interiors, walk able to stores, restaurants, bus lines ETC. The building sits close to Scriber Lake making walks with your furry friends or just alone enjoyable. The building is in very great shape, and comes complete with a fenced yard and storage outbuildings for the current tenants. The building is equipped w/ a fire sprinkler & alarm system. Amazing investment

Last Agent to Sell the Property

Christopher Gough

The Preview Group License #24310 Listed on: 06/14/2021

Last Buyer's Agent

Helen Wang

Berkshire Hathaway HS NW License #115848

Berkshire Hathaway HS NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1790991

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,963

Year Built

  • Built in 1979

Lot Details

  • 10,500 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,512 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

  • Lynnwood Elementary School
  • Alderwood Mid Middle School
  • Lynnwood High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Scriber Lake Condos
  • Scriber Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00565300001002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,963

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Scriber Lake
  • New Construction: No
  • CalculatedSquareFootage: 4512
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 376

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Other, See Remarks, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers,See Remarks

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Wood
  • PowerCompany: PSE
  • SewerCompany: PUD
  • WaterCompany: PUD
  • WaterSewerGarbage: 4572

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Edmonds
  • High School: Lynnwood High
  • Middle Or Junior School: Alderwood Mid

Lot Info

  • Parcel Number: 00565300001002
  • Lot Size Acres: 0.241
  • Lot Size Sq Ft: 10500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,Patio
  • MLSLotSizeSource: title
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 22
  • LeasedItems: None
  • TotalMonthlyIncome: 5730

Multi Family

  • Gross Scheduled Income: 17861
  • Net Operating Income: 52401
  • Number Of Units Total: 4
  • Electric Expense: 96
  • Insurance Expense: 2030
  • Leasable Area: 4320
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 9963

MLS Schools

  • Elementary School: Lynnwood Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2021
Closed on
Aug 3, 2021
Sold by
Eaton Craig F
Bought by
Lin Pin Hsiu
Seller's Agent
Christopher Gough
The Preview Group
Buyer's Agent
Helen Wang
Berkshire Hathaway HS NW
List Price
$1,280,000
Sold Price
$1,280,000
Current Estimated Value
$1,533,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,256
Avg. Annual Appreciation
3.33%
Original Mortgage
$768,000
Outstanding Balance
$718,684
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$744,261

Purchase Details

Listed on
Jun 14, 2021
Closed on
Jul 26, 2021
Sold by
Peng Ming Chang
Bought by
Lin Pin Hsiu
Seller's Agent
Christopher Gough
The Preview Group
Buyer's Agent
Helen Wang
Berkshire Hathaway HS NW
List Price
$1,280,000
Sold Price
$1,280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Outstanding Balance
$718,684
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$744,261

Purchase Details

Listed on
Dec 19, 2012
Closed on
Apr 23, 2013
Sold by
Talley Rostov Audrey R and Rostov David E
Bought by
Eaton Craig F
Buyer's Agent
Christopher Gough
The Preview Group
List Price
$595,000
Sold Price
$535,800
Premium/Discount to List
-$59,200
-9.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%
Original Mortgage
$401,850
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2006
Sold by
Katsafanas Jim
Bought by
Rostov David E and Talley Rostov Audrey R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 1999
Sold by
Wright John
Bought by
Katsafanas Jim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,840
Interest Rate
7.56%
Mortgage Type
FHA
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
Lin Pin Hsiu $1,280,000 Fidelity National Title
Lin Pin Hsiu -- Fidelity National Title
Eaton Craig F $536,080 First American Title Ins Co
Rostov David E $604,000 Chicago Title
Katsafanas Jim $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Pin Hsiu $768,000
Previous Owner Eaton Craig F $516,000
Previous Owner Eaton Craig F $401,850
Previous Owner Rostov Audrey R Talley $441,000
Previous Owner Rostov David E $453,000
Previous Owner Katsafanas Jim $310,840
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Sold $1,280,000 0.0% $284 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $1,280,000 +138.9% $284 / Sq Ft
05/03/2013 05/03/13 Sold $535,800 -9.9% $119 / Sq Ft
03/19/2013 03/19/13 Pending -- -- --
12/19/2012 12/19/12 For Sale $595,000 -- $132 / 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 $11,101 $1,513,000 $414,200 $1,098,800
2024 $11,101 $1,434,800 $414,200 $1,020,600
2023 $9,335 $1,251,400 $414,200 $837,200
2022 $10,599 $1,167,000 $383,000 $784,000
2020 $10,209 $992,000 $285,000 $707,000
2019 $9,151 $894,000 $195,000 $699,000
2018 $8,319 $721,000 $168,000 $553,000
2017 $6,253 $591,000 $163,000 $428,000
2016 $5,621 $532,000 $142,000 $390,000
2015 $5,439 $484,000 $117,000 $367,000
2013 $4,491 $379,000 $117,000 $262,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1790991

Northwest Multiple Listing Service (NWMLS)

APN: 005653-000-010-02