NOT LISTED FOR SALE

21521 73rd Place W Unit 1-18 Edmonds, WA 98026

Chase Lake Neighborhood
-- Bed
-- Bath
11,568 Sq Ft
0.57 Acres

Last Sold January 09, 2023

Last sale price $4,595,000 $397 Per Sq Ft

10 Days on Market

Highlights

  • 0.57 Acre Lot
  • No HOA
  • Patio
  • Edmonds Woodway High School Rated A-
  • Thermal Windows
  • Ceramic Tile Flooring

About This Home

As of January 2023

***Do not disturb tenants in any way. They are unaware of the sale.*** Stevens Court is a turnkey 18 unit apartment property in desirable Edmonds, just a half block from Edmonds Swedish Campus and near a variety of neighborhood amenities. The property is well maintained and boasts desirable features including copper piping, a new roof, ample parking, common laundry, and partial or complete renovations to all but 2 units. With assumable fixed financing at a 4.08% interest rate, and priced just under $260,000 per unit, the cash-on-cash return should be in the 4 to 5% range, and combined with the asset's likely potential for upside, Steven Court is an exceptional acquisition.

Last Listed By

Dan Swanson

Kidder Mathews License #13533 Listed on: 11/02/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2013634

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,059

Year Built

  • Built in 1960

Lot Details

  • 0.57 Acre Lot
  • Partially Fenced Property

Home Design

  • Brick Exterior Construction
  • Bitumen Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 11,568 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 18 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Chase Lake Elementary School
  • College Pl Mid Middle School
  • Edmonds Cyber Sch High School

Community Details

  • No Home Owners Association
  • Edmonds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00501300000702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,059

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1960
  • Buyer Agency Compensation: 1.75
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 11568
  • Special Features: None
  • Cumulative Days on Market: 254

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl Plank, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Torch Down
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Cement Planked, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 18
  • Open Parking: Yes
  • Total Parking Spaces: 18
  • ParkingUncoveredSpaces: 18

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • WaterSewerGarbage: 17474

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds
  • High School: Edmonds Cyber Sch
  • Middle Or Junior School: College Pl Mid

Lot Info

  • Parcel Number: 00501300000702
  • Lot Size Acres: 0.57
  • Lot Size Sq Ft: 24829
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13.8
  • LeasedItems: None
  • TotalMonthlyIncome: 28046

Multi Family

  • Gross Scheduled Income: 336553
  • Net Operating Income: 214154
  • Number Of Units Total: 18
  • Insurance Expense: 10304
  • Leasable Area: 11568
  • EnergySource: Electric
  • UnitsInBuildingTotal: 18
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 26059

MLS Schools

  • Elementary School: Chase Lake Elem

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2023 01/09/23 Sold $4,595,000 -1.2% $397 / Sq Ft
11/12/2022 11/12/22 Pending -- -- --
11/02/2022 11/02/22 For Sale $4,650,000 -- $402 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Swanson

    Seller's Agent in 2023

    Dan Swanson

    Kidder Mathews

    (425) 444-6501

    1 in this area

    60 Total Sales

    Dan Swanson
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2013634

Northwest Multiple Listing Service (NWMLS)

Washington Snohomish County Edmonds 98026 Chase Lake

21521 73rd Place W Unit 1-18, Edmonds, WA

Homes for Sale in Edmonds, WA

This home is located at 21521 73rd Place W Unit 1-18, Edmonds, WA 98026 since 02 November 2022. This property was built in 1960. 21521 73rd Place W Unit 1-18 is a home located in Snohomish County with nearby schools including Chase Lake Elementary School, College Place Middle School, and Edmonds Woodway 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.