NOT LISTED FOR SALE

2215 Ludwig Rd Unit 2217 Snohomish, WA 98290

Estimated Value: $791,000 - $834,000

4 Beds
4 Baths
1,976 Sq Ft
$411/Sq Ft Est. Value

Last Sold December 26, 2014

Last sale price $315,250 $160 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $4,804/month

73 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • Thermal Windows
  • 0.43 Acre Lot
  • Territorial View
  • Cul-De-Sac

About This Home

As of December 2014

Profitable duplex with potential for over 7.3% cap rate! Both sides have been completely updated with new flooring, countertops, appliances, etc. The exterior could use some TLC. Each unit has 2 bedrooms, 1.5 baths and a garage. The yard is large and there is potential for subdivision. The property is on a quiet dead end road in the city limits of Snohomish.

Last Buyer's Agent

Sherri Hansen

eXp Realty License #105891

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 689286

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,574

Year Built

  • Built in 1993

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 120x158
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,976 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck

Schools

  • Riverview Elementary School
  • Centennial Mid Middle School
  • Snohomish High School

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Snohomish Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00500700201100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,574

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1993
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1976
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Dead End Street
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Snohomish
  • WaterCompany: City of Snohomish
  • WaterSewerGarbage: 756

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Snohomish
  • High School: Snohomish High
  • Middle Or Junior School: Centennial Mid

Lot Info

  • Parcel Number: 00500700201100
  • Lot Size Acres: 0.43
  • Lot Size: 120x158
  • Lot Size Sq Ft: 18731
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2150

Multi Family

  • Gross Scheduled Income: 25800
  • Net Operating Income: 21567
  • Number Of Units Total: 2
  • Insurance Expense: 700
  • Leasable Area: 1976
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 3574

MLS Schools

  • Elementary School: Riverview Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2024
Sold by
Colvin Ryan J and Colvin Marianne
Bought by
Colvin Marianne
Current Estimated Value
$812,548

Purchase Details

Closed on
Dec 28, 2021
Sold by
Biffle Leif D
Bought by
Biffle Leif D

Purchase Details

Closed on
May 2, 2019
Sold by
Lak Llc
Bought by
Biffle Leif and Biffle Andrea Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,309
Interest Rate
4%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 29, 2014
Closed on
Dec 23, 2014
Sold by
Lawrence Jeffrey Allen
Bought by
Lak Llc
Buyer's Agent
Sherri Hansen
eXp Realty
List Price
$332,500
Sold Price
$315,250
Premium/Discount to List
-$17,250
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.15%
Original Mortgage
$250,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2011
Sold by
Lawrence Gretha Christine
Bought by
Lawrence Jeffrey Allen

Purchase Details

Closed on
Jul 21, 2008
Sold by
Lawrence Jeffrey A
Bought by
West Farren J and West Samantha G

Purchase Details

Closed on
Jan 18, 2004
Sold by
Lawrence Susan N
Bought by
Lawrence Jeffrey A
Source: Public Records

Range of Values:

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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
Colvin Marianne $313 None Listed On Document
Biffle Leif D -- --
Biffle Leif $535,000 Chicago Title
Lak Llc $315,250 First American
Lawrence Jeffrey Allen -- None Available
West Farren J -- None Available
Lawrence Jeffrey A -- Pacific Northwest Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Biffle Leif $525,309
Previous Owner Lak Llc $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2014 12/26/14 Sold $315,250 -5.2% $160 / Sq Ft
11/11/2014 11/11/14 Pending -- -- --
08/29/2014 08/29/14 For Sale $332,500 -- $168 / 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 $5,949 $680,000 $385,000 $295,000
2024 $5,949 $611,500 $340,000 $271,500
2023 $6,209 $707,700 $395,000 $312,700
2022 $5,958 $551,900 $280,000 $271,900
2020 $4,857 $418,100 $206,000 $212,100
2019 $4,447 $390,700 $197,000 $193,700
2018 $5,066 $372,700 $190,000 $182,700
2017 $4,504 $337,700 $165,000 $172,700
2016 $4,148 $301,500 $143,000 $158,500
2015 $4,318 $300,500 $113,000 $187,500
2013 $2,723 $183,700 $75,000 $108,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 689286

Northwest Multiple Listing Service (NWMLS)

APN: 005007-002-011-00