Listed by RE/MAX Metro Realty, Inc., Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $696,000 - $859,334

3 Beds
2 Baths
1,488 Sq Ft
$533/Sq Ft Est. Value

Last Sold March 11, 2022

Last sale price $770,000 $517 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,689/month

3 Days on Market

Highlights

  • No HOA
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Patio
  • Wood Siding
  • 1-Story Property

About This Home

As of March 2022

Side by side duplex available with one and two bedroom units. Currently occupied by long term tenants on month to month rental agreements with rents under market value. Off street parking with oversized 1 car garage. An investor opportunity located in Mountlake Terrace, Town Center zoned TC-R. The level lot is 13,068 square feet with approximate dimensions of 150'x 86'. Located blocks from I-5 transit hub. No interior access until signed around P&S. Please do not disturb tenants.

Last Agent to Sell the Property

Andrew Parker

RE/MAX Metro Realty, Inc. License #25575 Listed on: 02/08/2022

RE/MAX Metro Realty, Inc.

Last Buyer's Agent

Simon Hatzey

eXp Realty License #77321

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1885766

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,675

Year Built

  • Built in 1953

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 86 x 150
  • Partially Fenced Property

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 1,488 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Mountlake Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00521800000100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,675

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1953
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1488
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Office, Retail
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition, Torch Down
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Waste Management
  • WaterCompany: City of Mountlake Terrace
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00521800000100
  • Lot Size Acres: 0.3
  • Lot Size: 86 X 150
  • Lot Size Sq Ft: 13068
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Outbuildings,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Office,Retail

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 29
  • LeasedItems: None
  • TotalMonthlyIncome: 1995

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4675
  • AdditionalTaxIds: 005218-000-001-00

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2024
Sold by
Hatzey Simon and Tesfay Senait
Bought by
City Of Mountlake Terrace
Current Estimated Value
$793,334

Purchase Details

Closed on
Oct 26, 2012
Sold by
Olin Randy M
Bought by
56Th Ave W Llc
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
City Of Mountlake Terrace $313 First American Title
56Th Ave W Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2022 03/11/22 Sold $770,000 +2.7% $517 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
02/08/2022 02/08/22 For Sale $749,999 -- $504 / 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 $6,187 $751,300 $646,800 $104,500
2024 $6,187 $769,900 $665,400 $104,500
2023 $5,019 $701,500 $586,100 $115,400
2022 $5,051 $580,700 $476,000 $104,700
2020 $4,295 $435,400 $308,200 $127,200
2019 $3,622 $369,100 $248,500 $120,600
2018 $3,871 $343,500 $227,900 $115,600
2017 $3,284 $307,000 $203,900 $103,100
2016 $3,080 $299,400 $189,000 $110,400
2015 $2,891 $263,600 $171,600 $92,000
2013 $2,706 $234,200 $141,700 $92,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1885766

Northwest Multiple Listing Service (NWMLS)

APN: 005218-000-001-00