NOT LISTED FOR SALE

202 W Lawrence St Mount Vernon, WA 98273

Estimated Value: $505,841 - $579,000

2 Beds
3 Baths
2,645 Sq Ft
$206/Sq Ft Est. Value

Last Sold July 27, 2020

Last sale price $342,500 $129 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,453/month

70 Days on Market

About This Home

As of July 2020

Favorable cap rate Triplex in a great location! Located close to downtown and off I-5. This is the perfect investment opportunity or owner occupant. One unit is 2 bedrooms and 1 bath and other two units are 1 bedroom and 1 bath. Laundry for all tenants to use, producing extra income and loads of storage. This triplex has lots of potential and great rental income!

Last Agent to Sell the Property

Nav Narwal

Coldwell Banker Bain License #128115 Listed on: 04/17/2020

Coldwell Banker Bain

Last Buyer's Agent

Mark Jacobsen

Hallmark Homes NW, LLC License #21001678

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1591067

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,114

Year Built

  • Built in 1900

Lot Details

  • 5,663

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 2,645 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Additional Features

  • 5,663 Sq Ft Lot
  • Natural Gas Connected

Community Details

  • Mount Vernon Subdivision

Listing and Financial Details

  • Assessor Parcel Number P52199

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,114

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1900
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2645
  • Special Features: None
  • Cumulative Days on Market: 342

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

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
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 5000

Schools

  • Junior High Dist: Mount Vernon

Lot Info

  • Parcel Number: P52199
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5663
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3258

Multi Family

  • Gross Scheduled Income: 39100
  • Net Operating Income: 24506
  • Number Of Units Total: 3
  • Insurance Expense: 1900
  • Leasable Area: 2645
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3114

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
Jul 24, 2020
Sold by
Bannecker William R and Estate Of John Bowen Bannecker
Bought by
Lum Marcus A
Seller's Agent
Nav Narwal
Coldwell Banker Bain
Buyer's Agent
Mark Jacobsen
Hallmark Homes NW, LLC
List Price
$409,000
Sold Price
$342,500
Premium/Discount to List
-$66,500
-16.26%
Total Days on Market
70
Current Estimated Value
$544,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,210
Avg. Annual Appreciation
10.02%
Original Mortgage
$256,875
Outstanding Balance
$230,803
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$313,907

Purchase Details

Closed on
Sep 22, 2008
Sold by
Bannecker John B
Bought by
Bannecker John Bowen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
6.49%

Purchase Details

Closed on
Jun 11, 2007
Sold by
Nelson Leona
Bought by
Bannecker John B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
11.8%
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
Lum Marcus A $342,500 Chicago Title
Bannecker John Bowen -- Fidelity National Title Co
Bannecker John B $273,980 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lum Marcus $87,846
Open Lum Marcus A $256,875
Closed Bannecker John Bowen $227,500
Previous Owner Bannecker John B $291,000
Previous Owner Bannecker John B $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2020 07/27/20 Sold $342,500 -9.6% $129 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
06/13/2020 06/13/20 Price Changed $379,000 -2.6% $143 / Sq Ft
05/15/2020 05/15/20 Price Changed $389,000 -4.9% $147 / Sq Ft
04/17/2020 04/17/20 For Sale $409,000 -- $155 / 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 $4,737 $491,400 $252,200 $239,200
2023 $4,737 $463,200 $225,200 $238,000
2022 $4,013 $405,700 $177,800 $227,900
2021 $3,668 $342,000 $159,400 $182,600
2020 $3,115 $290,800 $0 $0
2019 $2,641 $240,000 $0 $0
2018 $3,206 $230,700 $0 $0
2017 $2,584 $215,500 $0 $0
2016 $2,609 $175,200 $58,000 $117,200
2015 $2,907 $175,200 $58,000 $117,200
2013 $2,531 $164,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nav Narwal

    Seller's Agent in 2020

    Nav Narwal

    Coldwell Banker Bain

    (360) 927-6574

    65 Total Sales

    Nav Narwal
    Section Image
  • Mark Jacobsen

    Buyer's Agent in 2020

    Mark Jacobsen

    Hallmark Homes NW, LLC

    (206) 909-3948

    49 Total Sales

    Mark Jacobsen
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1591067

Northwest Multiple Listing Service (NWMLS)

APN: P52199

Washington Skagit County Mount Vernon 98273

202 W Lawrence St, Mount Vernon, WA

This home is located at 202 W Lawrence St, Mount Vernon, WA 98273 since 17 April 2020 and is currently estimated at $544,710, approximately $205 per square foot. This property was built in 1900. 202 W Lawrence St is a home located in Skagit County with nearby schools including Washington Elementary School, La Venture Middle School, and Mount Vernon High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. ©2025 NWMLS.

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