Listed by RE/MAX Northwest, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

Estimated Value: $893,000 - $976,000

6 Beds
5 Baths
2,902 Sq Ft
$323/Sq Ft Est. Value

Last Sold October 14, 2016

Last sale price $470,000 $162 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $5,536/month

4 Days on Market

Highlights

  • Thermal Windows
  • Patio
  • Wall to Wall Carpet

About This Home

As of October 2016

Well maintained 2008 Built Duplex.Great location near Boeing with easy freeway access.Both units have 3 bedrooms,2.5 baths,2 car garages w/ Openers.full size washers/dryers.Large living rooms.Dining rooms.Big master bedrooms with full bathrooms.Gas Range/Heat/water heater.Large Patios.Large back yard.close to Restaurants/Shopping.Do not bother tenants.All showings by appointments only.

Last Agent to Sell the Property

Randy Kanda

RE/MAX Northwest License #42442 Listed on: 09/07/2016

RE/MAX Northwest

Last Buyer's Agent

Alan Arafat

John L. Scott, Inc. License #75164

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1026108

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,327

Year Built

  • Built in 2008

Lot Details

  • 0.26 Acre Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,902 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Paine Field Condos
  • South Everett Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 000 D-08
  • Assessor Parcel Number 00538000013908

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,327

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2008
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Paine Field
  • New Construction: No
  • CalculatedSquareFootage: 2902
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Utilities: Cable Connected, Sewer Connected, Natural Gas Connected
  • PowerCompany: PUD
  • SewerCompany: Alderwood
  • WaterCompany: Alderwood
  • WaterSewerGarbage: 1440

Schools

  • Junior High Dist: Mukilteo

Lot Info

  • Parcel Number: 00538000013908
  • Lot Size Acres: 0.2612
  • Lot Size Sq Ft: 11376
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Patio
  • MLSLotSizeSource: Per County Records
  • ZoningClass: Multi-Family
  • LotNumber: 3

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2770

Multi Family

  • Gross Scheduled Income: 33240
  • Net Operating Income: 27868
  • Number Of Units Total: 2
  • Insurance Expense: 925
  • Leasable Area: 2902
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4327

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2016
Closed on
Oct 11, 2016
Sold by
Riggs Jeffrey L and Riggs Geraldine A
Bought by
Fares Omar and Fares Isam M
Seller's Agent
Randy Kanda
RE/MAX Northwest
Buyer's Agent
Alan Arafat
John L. Scott, Inc.
List Price
$449,950
Sold Price
$470,000
Premium/Discount to List
$20,050
4.46%
Current Estimated Value
$938,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,002
Avg. Annual Appreciation
8.02%
Original Mortgage
$376,000
Outstanding Balance
$171,479
Interest Rate
2.77%
Mortgage Type
New Conventional
Estimated Equity
$766,523
Source: Public Records

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
Fares Omar $470,000 Chicago Title Company Of Wa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fares Omar $376,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2016 10/14/16 Sold $470,000 +4.5% $162 / Sq Ft
09/12/2016 09/12/16 Pending -- -- --
09/07/2016 09/07/16 For Sale $449,950 -- $155 / 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 $6,758 $820,000 $371,000 $449,000
2024 $6,758 $784,000 $335,000 $449,000
2023 $6,993 $850,000 $356,000 $494,000
2022 $6,614 $680,300 $261,000 $419,300
2020 $5,602 $559,200 $198,000 $361,200
2019 $4,668 $464,000 $155,000 $309,000
2018 $5,145 $448,300 $158,000 $290,300
2017 $4,620 $410,600 $136,000 $274,600
2016 $4,327 $381,100 $118,000 $263,100
2015 $4,135 $332,600 $101,000 $231,600
2013 $3,598 $269,400 $82,000 $187,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1026108

Northwest Multiple Listing Service (NWMLS)

APN: 005380-000-139-08