Listed by Northmarq Multifamily, LLC, Bought with The Preview Group
NOT LISTED FOR SALE

21521 73rd Place W Edmonds, WA 98026

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

Last Sold August 01, 2016

Last sale price $2,900,000 $251 Per Sq Ft

12 Days on Market

About This Home

As of August 2016

Stevens Court Apartments is an 18 unit apartment building in Edmonds 1 block from Swedish Hospital and a few blocks from Edmonds CC. The building received new Hardie Plank Siding on 3 sides and a new paint job last year. Approximately half the units have received interior upgrades. Meticulously maintained, this building offers investors significant upside in rents with comps suggesting market rents north of $1150 for the 2 beds and $950 for the 1 beds.

Last Agent to Sell the Property

Steve Fischer

Northmarq Multifamily, LLC License #87455 Listed on: 04/13/2016

Co-Listed By

Tyler Smith

Northmarq Multifamily, LLC License #24028396

Last Buyer's Agent

CJ Kang

The Preview Group License #10696

The Preview Group

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 925090

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,255

Year Built

  • Built in 1960

Lot Details

  • 0.57

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Built-Up Roof
  • Cement Board or Planked

Parking

  • 18 Parking Spaces
  • Open Parking

Additional Features

  • 2-Story Property
  • 0.57 Acre Lot

Community Details

  • Edmonds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 501300000702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,255

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: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Built-Up
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Cement Planked
  • Foundation Details: Slab
  • 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
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 13879

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 501300000702
  • Lot Size Acres: 0.57
  • Lot Size Sq Ft: 24829
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 17223

Multi Family

  • Gross Scheduled Income: 206676
  • Net Operating Income: 133218
  • Number Of Units Total: 18
  • Insurance Expense: 4000
  • Leasable Area: 11568
  • UnitsInBuildingTotal: 18
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2016
  • Tax Annual Amount: 16255

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2016 08/01/16 Sold $2,900,000 +5.5% $251 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $2,750,000 -- $238 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Fischer

    Seller's Agent in 2016

    Steve Fischer

    Northmarq Multifamily, LLC

    (206) 505-9435

    37 Total Sales

    Steve Fischer
    Section Image
  • Tyler Smith

    Seller Co-Listing Agent in 2016

    Tyler Smith

    Northmarq Multifamily, LLC

    (206) 505-9425

    21 Total Sales

    Tyler Smith
    Section Image

  • C

    Buyer's Agent in 2016

    CJ Kang

    The Preview Group

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 925090

Northwest Multiple Listing Service (NWMLS)

APN: 00501300000702

Washington Snohomish County Edmonds 98026 Chase Lake

21521 73rd Place W, Edmonds, WA

This home is located at 21521 73rd Place W, Edmonds, WA 98026 since 13 April 2016. This property was built in 1960. 21521 73rd Place W 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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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