NOT LISTED FOR SALE

Estimated Value: $934,000 - $1,022,000

4 Beds
4 Baths
2,696 Sq Ft
$360/Sq Ft Est. Value

Last Sold October 01, 2015

Last sale price $425,000 $158 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $5,939/month

5 Days on Market

Highlights

  • Cul-De-Sac
  • Edmonds Woodway High School Rated A-
  • Wall to Wall Carpet

About This Home

As of October 2015

Income opportunity! This duplex has had the same owner since 1977. It is well maintained and has long term tenants. The townhome style units are 1300 s/f each with large rooms. The tenants enjoy a private cul-de-sac covered parking and back yards. Edmonds is a sought after location close to transportation, shopping and schools. Plenty of upside potential as the rents are well below market value. Pre-inspection and repairs have been completed by the current owner.No repairs needed on this one!

Last Listed By

Theresa Neal

Agile Property Management LLC License #111615 Listed on: 08/19/2015

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 836097

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,667

Year Built

  • Built in 1974

Lot Details

  • 0.28 Acre Lot
  • Cul-De-Sac

Home Design

  • Duplex
  • Flat Roof Shape
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 2,696 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • Rd Addition Condos
  • Edmonds Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 000 D-00-09
  • Assessor Parcel Number 00458900000200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,667

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1974
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: RD Addition
  • New Construction: No
  • CalculatedSquareFootage: 2696
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 263

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Flat
  • Lot Features: Cul-De-Sac
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Snohomish COunty PUD
  • SewerCompany: Olympic View Water and Sewer
  • WaterCompany: Olympic View Water and Sewer
  • WaterSewerGarbage: 1900

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00458900000200
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12196
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: county website
  • ZoningClass: Commercial
  • LotNumber: 2

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2093

Multi Family

  • Gross Scheduled Income: 25125
  • Net Operating Income: 17764
  • Number Of Units Total: 2
  • Insurance Expense: 794
  • Leasable Area: 2696
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 4667

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2015
Closed on
Sep 10, 2015
Sold by
Cittadini Roberto J
Bought by
Chen Jiahui and Zhang Jiaying
Seller's Agent
Theresa Neal
Agile Property Management LLC
Buyer's Agent
Bryan Koehler
Best Choice Realty LLC
List Price
$425,000
Sold Price
$425,000
Total Days on Market
5
Current Estimated Value
$970,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,820
Avg. Annual Appreciation
9.32%
Original Mortgage
$318,750
Outstanding Balance
$255,631
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$748,043

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
Chen Jiahui $425,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Jiahui $318,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2015 10/01/15 Sold $425,000 0.0% $158 / Sq Ft
08/25/2015 08/25/15 Pending -- -- --
08/19/2015 08/19/15 For Sale $425,000 -- $158 / 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 $6,675 $809,200 $569,400 $239,800
2024 $6,675 $787,900 $548,100 $239,800
2023 $6,657 $821,200 $572,300 $248,900
2022 $6,353 $638,200 $450,100 $188,100
2020 $6,069 $539,300 $353,100 $186,200
2019 $5,485 $483,400 $324,000 $159,400
2018 $5,498 $427,100 $277,400 $149,700
2017 $4,701 $376,100 $239,600 $136,500
2016 $4,291 $343,200 $212,400 $130,800
2015 $4,667 $356,600 $203,700 $152,900
2013 $3,240 $229,900 $137,700 $92,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 836097

Northwest Multiple Listing Service (NWMLS)

APN: 004589-000-002-00