NOT LISTED FOR SALE

Estimated Value: $1,342,000 - $1,813,063

10 Beds
4 Baths
5,094 Sq Ft
$316/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $1,750,000 $344 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $9,790/month

10 Days on Market

Highlights

  • Waterfront
  • 0.99 Acre Lot
  • No HOA
  • Crystal Springs Elementary School Rated A-
  • Deck
  • Patio

About This Home

As of May 2022

Opportunity to purchase converted luxury Bothell home - currently leased MTM as 10B/4B memory care facility at $7,500/month + NNN. Day -one 5.63% cap with upside. Significant updates include hydronic heating, Simonton Sun Clean windows, freshly painted cedar siding, French drain on south side of property, and cement patio (March 2022). Large .99 acre lot has potential for second structure. New owner could convert property back into luxury home.

Last Listed By

Ethan Szmania

The Foundation Group LLC License #125178 Listed on: 01/10/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1876128

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,252

Year Built

  • Built in 2006

Lot Details

  • 0.99 Acre Lot
  • Waterfront
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,094 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Bothell Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00373001700401

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,252

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2006
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5094
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 259

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Hot Water Recirc Pump, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Sidewalk
  • View: No
  • Waterfront Features: No Bank
  • Waterfront: Yes
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: Snohomish County PUD
  • SewerCompany: Alderwood
  • WaterCompany: Alderwood
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Northshore

Lot Info

  • Parcel Number: 00373001700401
  • Lot Size Acres: 0.99
  • Lot Size Sq Ft: 43124
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,Patio
  • MLSLotSizeSource: Snohomish County Parcel Viewer
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: See Remarks

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 9396

Multi Family

  • Gross Scheduled Income: 112752
  • Net Operating Income: 90000
  • Number Of Units Total: 2
  • Insurance Expense: 3000
  • Leasable Area: 4254
  • EnergySource: See Remarks
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 9252

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2011
Sold by
Ocean Pacific Development Llc
Bought by
Lynnwood Center Llc
Total Days on Market
10
Current Estimated Value
$1,607,688

Purchase Details

Closed on
Dec 11, 2008
Sold by
Opie Salamonsen Jeanne
Bought by
Ocean Pacific Development Llc

Purchase Details

Closed on
Dec 26, 2007
Sold by
Ocean Pacific Development Llc
Bought by
Opie Salamonsen Elizabeth Jeanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2005
Sold by
Sno King Investments Llc
Bought by
Ocean Pacific Development Llc

Purchase Details

Closed on
Jan 20, 2000
Sold by
Bogies Golf Inc
Bought by
Sno King Investments Llc

Purchase Details

Closed on
Oct 14, 1998
Sold by
Samonsen Peder Otto
Bought by
Sno King Investments Llc

Purchase Details

Closed on
Oct 1, 1998
Sold by
Salamonsen Todd
Bought by
Salamonsen Peder Otto

Purchase Details

Closed on
Aug 13, 1998
Sold by
Salamonsen Peder Otto
Bought by
Salamonsen Todd

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
Lynnwood Center Llc -- None Available
Ocean Pacific Development Llc -- None Available
Opie Salamonsen Elizabeth Jeanne -- Chicago
Ocean Pacific Development Llc -- Pacific Northwest Title
Sno King Investments Llc -- Pacific Northwest Title Co
Sno King Investments Llc $171,521 --
Salamonsen Peder Otto -- First American Title Ins Co
Salamonsen Todd -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Munai Realty-Royal Anne Llc $150,000
Open Lynnwood Center Llc $450,000
Previous Owner Opie Salamonsen Elizabeth Jeanne $417,000
Previous Owner Sno King Investments Llc $20,000
Previous Owner Sno King Investments Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $1,750,000 +9.4% $344 / Sq Ft
01/20/2022 01/20/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $1,600,000 -- $314 / 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 $10,526 $1,298,500 $651,000 $647,500
2024 $10,526 $1,266,300 $640,500 $625,800
2023 $10,101 $1,325,300 $650,000 $675,300
2022 $9,615 $1,019,100 $450,000 $569,100
2020 $8,738 $858,600 $374,000 $484,600
2019 $7,896 $804,600 $320,000 $484,600
2018 $7,370 $724,000 $290,000 $434,000
2017 $6,534 $650,200 $240,000 $410,200
2016 $6,062 $623,500 $230,000 $393,500
2015 $5,641 $548,700 $180,000 $368,700
2013 $4,856 $414,900 $129,000 $285,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1876128

Northwest Multiple Listing Service (NWMLS)

APN: 003730-017-004-01