NOT LISTED FOR SALE

202 Alder Ave Unit A-D Sultan, WA 98294

Estimated Value: $316,000 - $551,000

4 Beds
4 Baths
1,188 Sq Ft
$390/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $310,000 $261 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,683/month

15 Days on Market

Highlights

  • Corner Lot
  • High Speed Internet
  • Vinyl Flooring

About This Home

As of November 2018

Invest in this, collect rent & repeat month after month! Renovated, turn key and leased up income property. 4- plex studio, single story. New paint, floors, kitchen cabinets, counter tops, appliances, metal roof, plumbing & wiring. Each unit has great looking easy care flooring, is bright and clean. Stimulate your investment portfolio with this asset, performing at **8%** CAP, & ~$80K per door! The best return & easiest investment buy in Snohomish County.

Last Agent to Sell the Property

Joe Platz

KW Everett License #27814 Listed on: 10/22/2018

KW Everett

Last Buyer's Agent

Joe Platz

KW Everett License #27814 Listed on: 10/22/2018

KW Everett

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1378044

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,632

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 3,485 Sq Ft Lot
  • Corner Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Metal Roof
  • Cement Board or Planked

Interior Spaces

  • 1,188 Sq Ft Home
  • 4-Story Property
  • Vinyl Flooring

Schools

  • Sultan Elementary School
  • Sultan Mid Middle School
  • Sultan Snr High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Sultan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00588800701202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,632

Year Built

Built in 1940 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1940
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1188
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Metal
  • Lot Features: Corner Lot, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City
  • WaterCompany: City
  • WaterSewerGarbage: 4236

Schools

  • Junior High Dist: Sultan
  • High School: Sultan Snr High
  • Middle Or Junior School: Sultan Mid

Lot Info

  • Parcel Number: 00588800701202
  • Lot Size Acres: 0.08
  • Lot Size Sq Ft: 3485
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 2800

Multi Family

  • Gross Scheduled Income: 33600
  • Net Operating Income: 25459
  • Number Of Units Total: 4
  • Insurance Expense: 2273
  • Leasable Area: 1188
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 1632

MLS Schools

  • Elementary School: Sultan Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2018
Closed on
Nov 27, 2018
Sold by
Vanhorn Roger Van and Vanhorn Barbara Van
Bought by
Parra Jimmy Jose Nimo and Sun Hui
Seller's Agent
Joe Platz
KW Everett
Buyer's Agent
Joe Platz
KW Everett
List Price
$321,500
Sold Price
$310,000
Premium/Discount to List
-$11,500
-3.58%
Current Estimated Value
$463,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,226
Avg. Annual Appreciation
4.41%

Purchase Details

Closed on
Feb 24, 2015
Sold by
Boylan Donald R and Boylan Rebecca
Bought by
Vanhorn Roger and Vanhorn Van Horn

Purchase Details

Closed on
Dec 17, 2004
Sold by
Beach James M and Beach Leslie
Bought by
Boylan Donald R and Boylan Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
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
Parra Jimmy Jose Nimo $310,000 First American Title
Vanhorn Roger $115,000 First American Title Ins Co
Boylan Donald R $106,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boylan Donald R $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $310,000 -3.6% $261 / Sq Ft
11/06/2018 11/06/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $321,500 -- $271 / 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 $2,728 $312,000 $136,800 $175,200
2024 $2,728 $308,000 $127,800 $180,200
2023 $2,270 $290,000 $108,200 $181,800
2022 $1,926 $211,300 $97,700 $113,600
2020 $2,706 $270,000 $104,900 $165,100
2019 $1,427 $148,000 $114,014 $33,986
2018 $1,632 $137,000 $85,600 $51,400
2017 $1,371 $114,000 $60,000 $54,000
2016 $1,401 $114,000 $60,000 $54,000
2015 $1,575 $120,000 $44,100 $75,900
2013 $1,727 $128,000 $76,000 $52,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1378044

Northwest Multiple Listing Service (NWMLS)

APN: 005888-007-012-02