2008 E College Way Mount Vernon, WA 98273
Estimated payment $5,725/month
About This Lot
INVESTMENT ALERT! Prime Development Opportunity on East College Way with two homes producing a combined rental income of $3200 per month plus land for future development potential. This unique offering comprises two individual parcels: Parcel 1 (P25686): This commercially zoned parcel currently features two existing homes, presenting immediate rental income. Parcel 2 (P26010): This adjacent parcel offers a blank canvas of vacant, unimproved land, ready for your vision to take shape. The combined 2.42 acres provide ample space for a significant project, benefiting from excellent exposure! Buyer to verify all information and development potential to own satisfaction.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2388412
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,315
Lot Details
- 2.41 Acre Lot
- P26010
Community Details
- No Home Owners Association
- Mount Vernon Subdivision
Listing and Financial Details
- Assessor Parcel Number P25686
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,612 | $309,800 | $299,800 | $10,000 |
| 2023 | $2,612 | $255,200 | $245,200 | $10,000 |
| 2022 | $3,477 | $282,600 | $272,600 | $10,000 |
| 2021 | $3,632 | $296,200 | $286,200 | $10,000 |
| 2020 | $3,735 | $287,900 | $0 | $0 |
| 2019 | $3,319 | $287,900 | $0 | $0 |
| 2018 | $3,594 | $289,900 | $0 | $0 |
| 2017 | $3,563 | $241,600 | $0 | $0 |
| 2016 | $3,598 | $241,600 | $231,600 | $10,000 |
| 2015 | $3,202 | $241,600 | $231,600 | $10,000 |
| 2013 | $1,487 | $207,200 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | Price Changed | $999,999 | -9.1% | $836 / Sq Ft |
| 05/15/2025 05/15/25 | For Sale | $1,100,000 | -- | $920 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2388412
APN: P25686
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
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