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

22616 120th Ave NE Unit A & B Arlington, WA 98223

Arlington Heights Neighborhood

Estimated Value: $804,000 - $966,172

6 Beds
4 Baths
2,426 Sq Ft
$359/Sq Ft Est. Value

Last Sold August 02, 2023

Last sale price $820,000 $338 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,134/month

7 Days on Market

Highlights

  • RV Access or Parking
  • Mountain View
  • No HOA
  • 2.66 Acre Lot
  • Deck
  • Thermal Windows

About This Home

As of August 2023

Sitting on 2.6 acres and in exceptional condition! Unit A has been tastefully remodeled with an open floor plan, quarts and concrete countertops, stainless steel appliances, beautiful flooring, updated bathrooms and fixtures. Unit A has been proudly loved by the same renter for years and is in excellent condition. Each unit offers 1213 sq ft, 3 bedrooms, 1.75 baths. Roof is approximately 8 years only, giving you peace of mind. Ignore the Cap Rate, this is an owner occupied duplex - one unit rents to a family member so rent is well below market value. Located in Arlington's sought after Arlington Heights community. This is an incredible opportunity for owner occupied, multi-generational housing, or simply add to your investment portfolio.

Last Agent to Sell the Property

Laura Kaestner

RE/MAX Gateway License #117049 Listed on: 06/22/2023

RE/MAX Gateway

Last Buyer's Agent

Sam Burke

John L. Scott Snohomish License #138788

John L. Scott Snohomish

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2128994

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,506

Year Built

  • Built in 1990

Lot Details

  • 2.66 Acre Lot
  • Street terminates at a dead end

Property Views

  • Mountain
  • Territorial

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,426 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • Baseboard Heating
  • Shared Well
  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Arlington Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 31060500302700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,506

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1990
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2426
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, See Remarks, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Dead End Street
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: No
  • Parking Features: RV Parking
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Septic Tank
  • Water Source: Shared Well
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: Septic
  • WaterCompany: Well
  • WaterSewerGarbage: 360

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Arlington
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 31060500302700
  • Lot Size Acres: 2.66
  • Lot Size Sq Ft: 115870
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: County
  • ZoningClass: Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 68.33
  • LeasedItems: None
  • TotalMonthlyIncome: 1000

Multi Family

  • Gross Scheduled Income: 12000
  • Net Operating Income: 1083
  • Number Of Units Total: 2
  • Electric Expense: 2400
  • Insurance Expense: 1651
  • Leasable Area: 2426
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6506

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Aug 2, 2023
Sold by
Robbins Benjamin and Robbins Kaitlin
Bought by
Fulton Karl
Seller's Agent
Laura Kaestner
RE/MAX Gateway
Buyer's Agent
Sam Burke
John L. Scott Snohomish
List Price
$820,000
Sold Price
$820,000
Views
52
Current Estimated Value
$871,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,293
Avg. Annual Appreciation
2.78%
Original Mortgage
$779,000
Outstanding Balance
$760,782
Interest Rate
6.67%
Mortgage Type
VA
Estimated Equity
$110,511

Purchase Details

Closed on
Apr 13, 2021
Sold by
Mani Carol E
Bought by
Robbins Benjamin and Robbins Kaitlin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 22, 2004
Sold by
Mani Kenneth P
Bought by
Mani Carol E
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
Fulton Karl $820,000 Chicago Title
Robbins Benjamin $325,000 Chicago Title
Mani Carol E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fulton Karl $779,000
Previous Owner Robbins Benjamin $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2023 08/02/23 Sold $820,000 0.0% $338 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $820,000 -- $338 / 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 $6,176 $792,200 $307,600 $484,600
2024 $6,176 $747,400 $304,100 $443,300
2023 $6,506 $829,100 $375,600 $453,500
2022 $6,156 $633,200 $251,900 $381,300
2020 $4,931 $462,300 $191,900 $270,400
2019 $4,590 $431,500 $188,100 $243,400
2018 $4,919 $400,300 $157,600 $242,700
2017 $4,094 $335,700 $109,800 $225,900
2016 $4,048 $310,200 $89,300 $220,900
2015 $3,988 $293,100 $74,800 $218,300
2013 $1,940 $265,000 $76,000 $189,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2128994

Northwest Multiple Listing Service (NWMLS)

APN: 310605-003-027-00