NOT LISTED FOR SALE

Estimated Value: $1,059,000 - $1,289,000

6 Beds
3 Baths
3,008 Sq Ft
$385/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $1,150,000 $382 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,052/month

20 Days on Market

Highlights

  • Deck
  • Patio
  • Wood Siding
  • Edmonds Woodway High School Rated A-
  • Ceramic Tile Flooring

About This Home

As of December 2021

Finally a great Tri-Plex in a great Edmonds location. Under market rents, but great units, (see attached video tour of interior units, unbranded of course) so you can see the interiors before writing offer. Beautiful private 3 separate units. Each unit is 2 bedrooms and has private decks or patio. Every unit has covered carport parking with storage area. Easy to enclose each carport to secured garage parking for two cars per unit! Building is well taken care of. Owner can consider trades for down payments for cash out financing. Tenants are month to month and very nice tenants. Further access though signed PSA offers. Close to all conveniences. Hurry on this one.

Last Listed By

Steven Breda

Wilson Realty Exchange, Inc. License #24028 Listed on: 11/04/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1861546

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,872

Year Built

  • Built in 1976

Lot Details

  • 10,019 Sq Ft Lot
  • Property is in good condition

Parking

  • 6 Parking Spaces

Home Design

  • Triplex
  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,008 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl Plank
  • Vinyl

Outdoor Features

  • Deck
  • Patio

Schools

  • Westgate Elemwg Elementary School
  • Edmonds Woodway High School

Utilities

  • Cable TV Available

Community Details

  • Westgate Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27033600101900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,872

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3008
  • Special Features: VirtualTour
  • Cumulative Days on Market: 272

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Flat
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: Olympic View
  • WaterCompany: Olympic View
  • WaterSewerGarbage: 4270

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Edmonds
  • High School: Edmonds Woodway High

Lot Info

  • Parcel Number: 27033600101900
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Patio
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 25
  • LeasedItems: Washer/Dryer,Water Tank
  • TotalMonthlyIncome: 4050

Multi Family

  • Gross Scheduled Income: 47200
  • Net Operating Income: 35897
  • Number Of Units Total: 3
  • Insurance Expense: 1961
  • Leasable Area: 3008
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5872

MLS Schools

  • Elementary School: Westgate ElemWg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2022
Sold by
Gavi Glenn and Gavi Manuel Hidalgo
Bought by
Kigali Leopard Llc
Total Days on Market
20
Current Estimated Value
$1,158,250

Purchase Details

Listed on
Nov 4, 2021
Closed on
Dec 16, 2021
Sold by
Hy Investment Limited
Bought by
Gavi Glenn and Murillo Manuel Hidalgo
Seller's Agent
Steven Breda
Wilson Realty Exchange, Inc.
Buyer's Agent
Justin Richards
Keller Williams Rlty Bellevue
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 24, 2013
Closed on
Jul 26, 2013
Sold by
Nowak Carole E
Bought by
Hy Investment Limited
Buyer's Agent
Philip Friend
Coldwell Banker Danforth
List Price
$400,000
Sold Price
$415,000
Premium/Discount to List
$15,000
3.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.87%

Purchase Details

Closed on
Dec 4, 2008
Sold by
Nowak Carole E
Bought by
Nowak Carole E

Purchase Details

Closed on
May 5, 1997
Sold by
Steele Jeffrey T
Bought by
Nowak Norbert and Nowak Carole E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
7.98%

Purchase Details

Closed on
Dec 6, 1994
Sold by
Henderson Richard A
Bought by
Steele Jeffrey T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
9.08%

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
Kigali Leopard Llc -- --
Gavi Glenn $1,150,000 Chicago Title
Hy Investment Limited $415,280 First American Title Ins Co
Nowak Carole E -- None Available
Nowak Norbert $245,000 Old Republic Title Ltd
Steele Jeffrey T $225,000 Charter Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gavi Glenn $920,000
Previous Owner Nowak Norbert $183,750
Previous Owner Steele Jeffrey T $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $1,150,000 -4.2% $382 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/04/2021 11/04/21 For Sale $1,200,000 +189.2% $399 / Sq Ft
07/31/2013 07/31/13 Sold $415,000 +3.8% $138 / Sq Ft
06/26/2013 06/26/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $400,000 -- $133 / 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 $7,573 $1,063,000 $610,600 $452,400
2024 $7,573 $1,063,000 $610,600 $452,400
2023 $7,096 $1,032,000 $328,100 $703,900
2022 $6,664 $797,000 $253,000 $544,000
2020 $5,872 $628,000 $230,400 $397,600
2019 $4,921 $530,000 $222,900 $307,100
2018 $4,749 $442,000 $212,900 $229,100
2017 $4,497 $438,000 $195,400 $242,600
2016 $4,070 $398,000 $195,400 $202,600
2015 $4,062 $374,000 $195,400 $178,600
2013 $2,852 $248,000 $222,900 $25,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1861546

Northwest Multiple Listing Service (NWMLS)

APN: 270336-001-019-00