Listed by Opal Blue Real Estate, LLC, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE
3 Beds
2 Baths
6,045 Sq Ft
0.39 Acre Lot

Sale Details

Date Sold: January 13, 2023

Last sale price $1,660,000 $275 Per Sq Ft

6 Days on Market

Highlights

  • 0.39 Acre Lot
  • No HOA
  • Partially Fenced Property
  • Territorial View
  • Vinyl Plank Flooring
  • Wood Siding

About This Home

As of January 2023

The 8-unit 203 Dorn Complex consists of a well-kept 7 unit, 3 story apartment building, built in 1999 with a single family home in the front, all on a single tax parcel. Current cap rate of 5.8 with proforma cap rate of 7.2! Fantastic location off Evergreen Way near the Boeing Freeway, minutes from Boeing and Paine Field Airport. Quick access to I-5, Highway 99, Everett Mall, and other shops and retail. The complex features ample parking, double pane vinyl windows throughout, well groomed landscaping and several recently updated units. Well managed building with strong rents as well as room for adding value. Buy as turnkey and cashflow or buy and renovate remaining units for more cashflow.

Last Agent to Sell the Property

Grant Fosheim

Opal Blue Real Estate, LLC License #21007243 Listed on: 11/10/2022

Last Buyer's Agent

Brian Qin

Skyline Properties, Inc. License #137652

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2015571

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,526

Year Built

  • Built in 1999

Lot Details

  • 16,988 Sq Ft Lot
  • Lot Dimensions are 100 x 170
  • Partially Fenced Property
  • Property is in average condition

Parking

  • Open Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,045 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Community Details

  • No Home Owners Association
  • South Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00392500001400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,526

Year Built

Built in 1999

Lot Details

0.39 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1999
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 6045
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 14

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • PowerCompany: SnoPud
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 00392500001400
  • Lot Size Acres: 0.39
  • Lot Size: 100 x 170
  • Lot Size Sq Ft: 16988
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12.5
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 11644

Tax Info

  • Year: 2022
  • Tax Annual Amount: 11526

Multi Family

  • Number Of Units Total: 8
  • Electric Expense: 561
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2022
Closed on
Jan 12, 2023
Sold by
Bought by
Seller's Agent
Grant Fosheim
Opal Blue Real Estate, LLC
Buyer's Agent
Brian Qin
Skyline Properties, Inc.
List Price
$1,750,000
Sold Price
$1,660,000
Premium/Discount to List
-$90,000
-5.14%
Views
62

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
0.0649%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 8, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 8, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title
$699,950 None Available
-- First American
-- Fidelity National Title Co
$138,950 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2023 01/13/23 Sold $1,660,000 -5.1% $275 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
11/10/2022 11/10/22 For Sale $1,750,000 +155.5% $289 / Sq Ft
03/20/2015 03/20/15 Sold $685,000 -11.6% $113 / Sq Ft View Prior Sale
02/25/2015 02/25/15 Pending -- -- --
03/21/2014 03/21/14 For Sale $775,000 -- $128 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,961 $1,624,300 $639,000 $985,300
2025 $13,024 $1,535,500 $564,000 $971,500
2024 $13,024 $1,515,400 $515,000 $1,000,400
2023 $10,716 $1,303,700 $525,000 $778,700
2022 $11,526 $1,258,000 $409,000 $849,000
2020 $10,156 $904,000 $357,000 $547,000
2019 $9,677 $867,000 $244,000 $623,000
2018 $9,425 $774,000 $195,500 $578,500
2017 $8,448 $691,000 $178,500 $512,500
2016 $7,583 $652,000 $170,000 $482,000
2015 $7,606 $616,000 $170,000 $446,000
2013 $7,835 $560,000 $170,000 $390,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2015571

Northwest Multiple Listing Service (NWMLS)

APN: 00392500001400

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