$800,000
SOLD AUG 8, 2025

2302 E College Way Mount Vernon, WA 98273

-- Bed
-- Bath
1,479 Sq Ft
1.45 Acres

Recently Sold

$541 Per Sq Ft

9% Below List Price

Highlights

  • 1.45 Acre Lot
  • No HOA
  • Forced Air Heating System
  • Territorial View
  • Thermal Windows
  • Baseboard Heating

About This Home

As of August 2025

This is a unique opportunity to develop multi-unit housing right across from Skagit Valley College. The property currently has three houses that generate rental income, while you can plan the property's highest and best use. The city of Mt. Vernon encourages the development of multi-story units, retail spaces, and mixed-use buildings such as apartments. There is a sewer line located across the back third of the property.

Last Agent to Sell the Property

Ron Wortham

Brown McMillen Real Estate License #21397 Listed on: 04/24/2024

Last Buyer's Agent

Ron Wortham

Brown McMillen Real Estate License #21397 Listed on: 04/24/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2227916

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,903

Year Built

  • Built in 1956

Lot Details

  • 1.45 Acre Lot
  • Property is in average condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • MV 4 99 & MV 3 99 Condos
  • Mount Vernon Subdivision

Listing and Financial Details

  • Tax Lot 1,2,3
  • Assessor Parcel Number P24953

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,903

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1956
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: MV-4-99 & MV-3-99
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Possible Use: Business, Multi-Family, Residential, See Remarks
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Mount Vernon
  • WaterCompany: PUD
  • WaterSewerGarbage: 5748

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mount Vernon
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: P24953
  • Lot Size Acres: 1.45
  • Lot Size Sq Ft: 63162
  • Zoning Description: Business,Multi-Family,Residential,See Remarks
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Gas Available
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • LotNumber: 1,2,3

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 44100

Multi Family

  • Gross Scheduled Income: 44100
  • Net Operating Income: 18625
  • Number Of Units Total: 3
  • Insurance Expense: 2414
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 12903

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2024
Closed on
Aug 1, 2025
Sold by
Ecw Resources Llc and Ecw Rentals Llc
Bought by
Dubril Enterprises Llc
Seller's Agent
Ron Wortham
Brown McMillen Real Estate
Buyer's Agent
Ron Wortham
Brown McMillen Real Estate
List Price
$875,000
Sold Price
$800,000
Premium/Discount to List
-$75,000
-8.57%
Views
61

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-91.85%
Original Mortgage
$1,050,000
Outstanding Balance
$1,050,000
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
-$442,806

Purchase Details

Closed on
Apr 12, 2011
Sold by
Rindal Steven M and Rindal Dorothy J
Bought by
Ecw Rentals 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 Type Sale Price Title Company
Warranty Deed $800,000 Land Title
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,050,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Sold $800,000 -8.6% $541 / Sq Ft
05/16/2025 05/16/25 Pending -- -- --
05/02/2025 05/02/25 Price Changed $875,000 0.0% $592 / Sq Ft
05/02/2025 05/02/25 For Sale $875,000 -27.1% $592 / Sq Ft
03/17/2025 03/17/25 Pending -- -- --
02/12/2025 02/12/25 For Sale $1,200,000 0.0% $811 / Sq Ft
10/08/2024 10/08/24 Pending -- -- --
07/16/2024 07/16/24 Price Changed $1,200,000 -17.2% $811 / Sq Ft
04/24/2024 04/24/24 For Sale $1,450,000 -- $980 / 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
2024 $4,093 $448,100 $210,600 $237,500
2023 $4,093 $400,100 $177,500 $222,600
2022 $3,713 $389,400 $176,400 $213,000
2021 $3,471 $316,400 $123,600 $192,800
2020 $3,330 $275,100 $0 $0
2019 $2,673 $256,600 $0 $0
2018 $3,051 $233,500 $0 $0
2017 $2,652 $205,100 $0 $0
2016 $2,466 $179,800 $65,800 $114,000
2015 $1,944 $165,600 $60,600 $105,000
2013 $1,934 $125,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2227916

Northwest Multiple Listing Service (NWMLS)

APN: P24953