NOT LISTED FOR SALE

23007 Edmonds Way Edmonds, WA 98020

Ridge Acres Neighborhood

Estimated Value: $788,067 - $1,106,000

2 Beds
2 Baths
1,354 Sq Ft
$677/Sq Ft Est. Value

Last Sold June 27, 2018

Last sale price $520,000 $384 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $5,452/month

6 Days on Market

Highlights

  • Deck
  • Territorial View
  • Partially Fenced Property
  • Edmonds Woodway High School Rated A-
  • High Speed Internet
  • Wood Siding

About This Home

As of June 2018

Amazing Edmonds investment opportunity! Single owner is selling two, side-by-side duplex buildings. $500K per duplex (each duplex has 2 rental units in it, with each unit featuring 1 Bed/1 Bath/1 garage/1 wood burning fireplace/back deck/in house W/D, forced air/private entrance). OR buy BOTH duplex buildings for $1M & have 4 rentals! New 20 year roofs in 2013. Tenants responsible for electric, garbage; water/sewer reimbursed to owner per capita per building. See MLS#1291160 for other building.

Last Agent to Sell the Property

Ashley Abolafia

Windermere Real Estate/East License #20113566 Listed on: 05/15/2018

Windermere Real Estate/East

Last Buyer's Agent

Eileen Loh

RE/MAX Alliance License #128729

RE/MAX Alliance

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1291331

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,517

Year Built

  • Built in 1980

Lot Details

  • 8,276 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,354 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Westgate Elemwg Elementary School
  • College Pl Mid Middle School
  • Edmonds Woodway High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Edmonds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27033600105400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,517

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1980
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1354
  • Special Features: VirtualTour
  • Cumulative Days on Market: 325

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Olympic View
  • WaterCompany: Olympic View
  • WaterSewerGarbage: 363

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Edmonds
  • High School: Edmonds Woodway High
  • Middle Or Junior School: College Pl Mid

Lot Info

  • Parcel Number: 27033600105400
  • Lot Size Acres: 0.19
  • Lot Size: 8,276
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: None
  • TotalMonthlyIncome: 2125

Multi Family

  • Gross Scheduled Income: 25500
  • Net Operating Income: 21561
  • Number Of Units Total: 2
  • Insurance Expense: 1059
  • Leasable Area: 1354
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 2517

MLS Schools

  • Elementary School: Westgate ElemWg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2018
Closed on
Jun 18, 2018
Sold by
Jia Hong
Bought by
Goh Chun Beng
Seller's Agent
Ashley Abolafia
Windermere Real Estate/East
Buyer's Agent
Eileen Loh
RE/MAX Alliance
List Price
$500,000
Sold Price
$520,000
Premium/Discount to List
$20,000
4%
Current Estimated Value
$917,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,017
Avg. Annual Appreciation
8.35%
Original Mortgage
$382,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2004
Sold by
West Larry J and West Marlis K
Bought by
Abolafia Steven and Abolafia Renee D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
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
Goh Chun Beng -- Cw Title
Loh Eileen -- Cw Title
Abolafia Steven $275,000 Stewart
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loh Eileen $360,000
Closed Loh Eileen $367,500
Closed Loh Eileen $382,500
Previous Owner Abolafia Steven $176,300
Previous Owner Abolafia Steven $201,000
Previous Owner Abolafia Steven $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2018 06/27/18 Sold $520,000 +4.0% $384 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/15/2018 05/15/18 For Sale $500,000 -- $369 / 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 $4,478 $628,000 $369,100 $258,900
2024 $4,478 $628,000 $369,100 $258,900
2023 $4,095 $595,000 $228,900 $366,100
2022 $4,743 $567,000 $176,800 $390,200
2020 $4,285 $458,000 $141,800 $316,200
2019 $2,612 $281,000 $115,600 $165,400
2018 $2,517 $234,000 $110,200 $123,800
2017 $2,292 $223,000 $101,400 $121,600
2016 $2,106 $203,000 $100,800 $102,200
2015 $2,105 $191,000 $100,800 $90,200
2013 $1,812 $155,000 $114,600 $40,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Ashley Abolafia

    Windermere Corporate

    Section Image
  • Eileen Loh

    Buyer's Agent in 2018

    Eileen Loh

    RE/MAX

    (917) 740-5033

    22 Total Sales

    Eileen Loh
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1291331

Northwest Multiple Listing Service (NWMLS)

APN: 270336-001-054-00

Washington Snohomish County Edmonds 98020 Ridge Acres

23007 Edmonds Way, Edmonds, WA

This home is located at 23007 Edmonds Way, Edmonds, WA 98020 since 15 May 2018 and is currently estimated at $917,017, approximately $677 per square foot. This property was built in 1980. 23007 Edmonds Way is a home located in Snohomish County with nearby schools including Westgate Elementary School, College Place Middle School, and Edmonds Woodway High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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