NOT LISTED FOR SALE

Estimated Value: $475,902 - $508,000

0.47 Acres
$1,046,704 Price per Acre
20,473 Sq Ft Lot

Last Sold January 21, 2022

Last sale price $430,000

Est. 14% increase in value since last sale

Current estimated payment $2,870/month

Highlights

  • 0.47 Acre Lot
  • No HOA
  • Open Space

About This Lot

As of January 2022

Here is a rare opportunity! A nearly cleared, almost half acre vacant lot in Urban Center Zoning! Located just minutes from Airport Rd, Boeing, Paine Field Airport, and Hwy 99/Evergreen Way -there is so much opportunity here. Take over permitting process for a 10 to 12 unit townhome project. Or, how about apartments? Mixed use? Just minutes from future light rail stations. So much of the hard work has been done for development. Preliminary Site Plans available for 10 & 12 townhome units, or for 21 - 25 unit apartment complex.

Last Agent to Sell the Property

Ryan Montazeri

RE/MAX Elite License #138458 Listed on: 01/21/2022

RE/MAX Elite

Last Buyer's Agent

Ryan Montazeri

RE/MAX Elite License #138458 Listed on: 01/21/2022

RE/MAX Elite

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1881220

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,038

Lot Details

  • 20,473 Sq Ft Lot
  • Open Space
  • Sloped Lot
  • Zoning described as County UC - Urban Center

Community Details

  • No Home Owners Association
  • 893247 / Paine Field 03 Condos
  • Everett Subdivision

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 00538000000900

Property Details

Property Type

Land

Est. Annual Taxes

$2,038

Lot Details

0.47 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 42 - Multi-Family
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: 893247 / Paine Field 03
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Brush
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Lot Features: Open Space, Paved
  • Road Surface Type: Paved
  • View: No
  • Waterfront: No
  • Structure Type: Multi Family
  • RoadInformation: Paved

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: On Property
  • Water Source: Available
  • Electricity On Property: Yes
  • Utilities: Electricity Connected
  • ElectricityStatus: In Street
  • GasStatus: Not Available
  • SepticDesignInstalled: false

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mukilteo

Lot Info

  • Parcel Number: 00538000000900
  • Topography: Sloped
  • Lot Size Acres: 0.47
  • Lot Size Sq Ft: 20473
  • Zoning Description: County UC - Urban Center
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningClass: Commercial,Multi-Family
  • LotNumber: 9
  • SoilFeasibilityTest: true
  • SoilTestDate: 7/14/15

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2038

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2022
Closed on
Jan 19, 2022
Sold by
Morn Montazeri
Bought by
Tsegaye Brook
Seller's Agent
Ryan Montazeri
RE/MAX Elite
Buyer's Agent
Ryan Montazeri
RE/MAX Elite
List Price
$430,000
Sold Price
$430,000
Current Estimated Value
$491,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,951
Avg. Annual Appreciation
3.28%
Original Mortgage
$360,000
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2020
Sold by
Hang Tam M and Martin Agnaldo
Bought by
Montazeri Morn and Montazeri Ryan

Purchase Details

Closed on
Oct 12, 2017
Sold by
Montazeri Morri and Montazeri Ryan
Bought by
Hang Tam M and Martin Agnaldo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.78%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jun 24, 2013
Closed on
May 6, 2014
Sold by
Mcelvaine Herbert and Mcelvaine Carol
Bought by
Montazeri Morri and Montazeri Ryan
List Price
$175,000
Sold Price
$160,500
Premium/Discount to List
-$14,500
-8.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.90%

Purchase Details

Closed on
Jun 16, 2011
Sold by
Dever Thomas E
Bought by
Mcelvane Herbert and Mcelvaine Carol Margaret

Purchase Details

Closed on
Dec 10, 2002
Sold by
Mcelvaine Herbert and Mcelvaine Carol Margaret
Bought by
Dever Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,500
Interest Rate
5.86%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tsegaye Brook $430,000 Fidelity National Title
Montazeri Morn $248,000 None Available
Hang Tam M $310,000 Old Republic Title Ltd
Hang Tam M -- Old Republic Title Ltd
Montazeri Morri $160,500 Fidelity National Title
Mcelvane Herbert -- None Available
Dever Thomas E $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tsegaye Brook $360,000
Previous Owner Hang Tam M $220,000
Previous Owner Dever Thomas E $190,500
Closed Dever Thomas E $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2025 12/17/25 Price Changed $500,000 -9.1% --
10/11/2025 10/11/25 For Sale $550,000 0.0% --
10/01/2025 10/01/25 Pending -- -- --
09/23/2025 09/23/25 For Sale $550,000 +27.9% --
01/21/2022 01/21/22 Sold $430,000 0.0% --
01/21/2022 01/21/22 For Sale $430,000 +167.9% --
05/12/2014 05/12/14 Sold $160,500 -8.3% -- View Prior Sale
03/12/2014 03/12/14 Pending -- -- --
06/24/2013 06/24/13 For Sale $175,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

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
2026 $3,383 $443,500 $443,500 --
2025 $2,608 $401,500 $401,500 --
2024 $2,608 $309,900 $309,900 --
2023 $2,780 $346,000 $346,000 $0
2022 $2,328 $244,500 $244,500 $0
2020 $1,787 $178,800 $178,800 $0
2019 $1,484 $147,900 $147,900 $0
2018 $1,729 $151,500 $151,500 $0
2017 $1,437 $128,100 $128,100 $0
2016 $1,296 $109,200 $109,200 $0
2015 $1,130 $85,800 $85,800 $0
2013 $959 $66,900 $66,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1881220

Northwest Multiple Listing Service (NWMLS)

APN: 005380-000-009-00

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