Listed by Skyline Properties, Inc., Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

2016 Lincoln St Unit 1-2 Everett, WA 98203

Lowell Neighborhood

Estimated Value: $730,000 - $800,000

6 Beds
4 Baths
2,500 Sq Ft
$306/Sq Ft Est. Value

Last Sold August 05, 2016

Last sale price $405,000 $162 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $4,510/month

97 Days on Market

Highlights

  • 0.34 Acre Lot
  • Secluded Lot
  • Ceramic Tile Flooring
  • Deck
  • Thermal Windows
  • Wood Siding

About This Home

As of August 2016

6.5% Cap Rate,large Duplex, 3 bed/2bath units,interiors renovated over 60k spent, Brand new appliances,Flooring,Kitchen,Private setting sits back off road yet Close to freeway and shopping,Walk to the Snohomish River Park,great tenants long term, both month to month presently,In Lowell, the current vacancy rate is 3.1%, which is a lower rate of vacancies than 87.2% of all neighborhoods. plenty of parking and Upper floor has a 2 car garage,The average rental in Lowell is $1,663.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 04/25/2016

Skyline Properties, Inc.

Co-Listed By

Wendy Pedersen

Every Door Real Estate License #112128

Last Buyer's Agent

Harley Anderson

Skyline Properties, Inc. License #105016

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 928158

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,327

Year Built

  • Built in 1997

Lot Details

  • 0.34 Acre Lot
  • Street terminates at a dead end
  • Secluded Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Laminate
  • Ceramic Tile

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Cascade High School

Community Details

  • Lowell Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00578403402000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,327

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1997
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2500
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Forced Air, Ceramic Tile, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: Everett
  • WaterCompany: Everett
  • WaterSewerGarbage: 1668

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Everett
  • High School: Cascade High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00578403402000
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: realist
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 2840

Multi Family

  • Gross Scheduled Income: 34080
  • Net Operating Income: 27235
  • Number Of Units Total: 2
  • Insurance Expense: 1450
  • Leasable Area: 2500
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3327

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2016
Closed on
Aug 3, 2016
Sold by
Taylor Colette L
Bought by
Vogt Alan and Vogt Wendy
Seller's Agent
Donna Marshall
Skyline Properties, Inc.
Buyer's Agent
Harley Anderson
Skyline Properties, Inc.
List Price
$419,950
Sold Price
$405,000
Premium/Discount to List
-$14,950
-3.56%
Current Estimated Value
$765,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,411
Avg. Annual Appreciation
7.16%

Purchase Details

Closed on
Oct 4, 2000
Sold by
D & R Ltd Partnership
Bought by
Taylor Colette L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,600
Interest Rate
8.01%

Purchase Details

Closed on
Jan 29, 1997
Sold by
Fairmont Homes Inc
Bought by
Jellison Gary and Jellison Construction
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
Vogt Alan $403,000 First American Title Ins Co
Taylor Colette L $232,000 --
Jellison Gary $100,000 Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Colette L $185,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2016 08/05/16 Sold $405,000 -3.6% $162 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
06/11/2016 06/11/16 Price Changed $419,950 0.0% $168 / Sq Ft
06/11/2016 06/11/16 For Sale $419,950 +3.7% $168 / Sq Ft
05/20/2016 05/20/16 Off Market $405,000 -- --
04/25/2016 04/25/16 For Sale $417,500 -- $167 / 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 $5,419 $630,700 $304,000 $326,700
2024 $5,419 $629,800 $303,100 $326,700
2023 $5,403 $656,700 $296,100 $360,600
2022 $4,480 $488,400 $184,500 $303,900
2020 $4,827 $429,300 $168,300 $261,000
2019 $4,021 $359,900 $139,500 $220,400
2018 $4,123 $338,300 $130,500 $207,800
2017 $3,822 $312,400 $100,800 $211,600
2016 $3,327 $285,800 $82,800 $203,000
2015 $2,953 $238,900 $69,300 $169,600
2013 $3,232 $230,800 $51,300 $179,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 928158

Northwest Multiple Listing Service (NWMLS)

APN: 005784-034-020-00