NOT LISTED FOR SALE

Estimated Value: $700,000 - $1,015,000

2 Beds
2 Baths
1,354 Sq Ft
$606/Sq Ft Est. Value

Last Sold June 27, 2018

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

Est. 58% increase in value since last sale

Current estimated payment $4,925/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 Listed By

Ashley Abolafia

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

Windermere Real Estate/East

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: 258

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%
Total Days on Market
6
Current Estimated Value
$821,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,059
Avg. Annual Appreciation
6.01%
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

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

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1291331

Northwest Multiple Listing Service (NWMLS)

APN: 270336-001-054-00