NOT LISTED FOR SALE

Estimated Value: $698,000 - $704,000

5 Beds
2 Baths
2,045 Sq Ft
$343/Sq Ft Est. Value

Last Sold January 10, 2025

Last sale price $700,000 $342 Per Sq Ft

Current estimated payment $4,272/month

10 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • Wall to Wall Carpet
  • No HOA
  • Wood Siding
  • 1-Story Property

About This Home

As of January 2025

Fixer triplex on 10,890 Sq Ft corner site zoned for up to 5 units/townhomes. Has steady, long-term tenants. Located on 164th Street between Mill Creek & I-5. Adjoins "Mill Creek Townhomes" to the south. Present triplex structure with long term tenants allows for additional income ($39K+NOI) while planning future development & obtaining permits. Maybe feasible to rehab and add more units/townhomes to site? Sewer connected and rare corner access with dual driveway curb cuts. Townhouse development allowed with one unit per 2,000 sq ft per Snohomish County MR Zoning. Sewer & water lines replaced 1999. Full pre-inspection & sewer scope completed for existing "as-is" structure. Needs roof and extensive cosmetic & other work ...report available

Last Listed By

Jon Beahm

Blue Ridge Realty, Inc. License #12043 Listed on: 11/19/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2312351

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,396

Year Built

  • Built in 1920

Lot Details

  • 0.25 Acre Lot
  • Corner Lot

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • Open Parking

Schools

  • Oak Heights Elemoh Elementary School
  • Alderwood Mid Middle School
  • Lynnwood High School

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Mill Creek Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27040100400300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,396

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1920
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 91

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: See Remarks, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Wall Unit(s)
  • Heating Yn: Yes
  • WaterSewerGarbage: 2966

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Edmonds
  • High School: Lynnwood High
  • Middle Or Junior School: Alderwood Mid

Lot Info

  • Parcel Number: 27040100400300
  • Lot Size Acres: 0.25
  • Lot Size: 86 x 135 less corner tringle
  • Lot Size Sq Ft: 10890
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: SCA
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, See Remarks

Rental Info

  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 4075

Multi Family

  • Gross Scheduled Income: 48900
  • Net Operating Income: 38960
  • Number Of Units Total: 3
  • Insurance Expense: 1200
  • Leasable Area: 2045
  • EnergySource: Electric,See Remarks
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4396

MLS Schools

  • Elementary School: Oak Heights ElemOh

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2024
Closed on
Jan 9, 2025
Sold by
Bird Michael A
Bought by
Joban Investment Llc
Seller's Agent
Jon Beahm
Blue Ridge Realty, Inc.
Buyer's Agent
Inderjit Singh
CENTURY 21 Real Estate Center
List Price
$699,950
Sold Price
$700,000
Premium/Discount to List
$50
0.007%
Total Days on Market
10
Views
13
Current Estimated Value
$701,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,288
Avg. Annual Appreciation
0.59%

Purchase Details

Closed on
Feb 17, 1999
Sold by
Jussero David R and Jussero Caroleen L
Bought by
Granger Cary P and Granger Olympia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,500
Interest Rate
6.77%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Joban Investment Llc $700,000 Chicago Title
Joban Investment Llc $700,000 Chicago Title
Granger Cary P $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Granger Cary P $242,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold $700,000 0.0% $342 / Sq Ft
11/29/2024 11/29/24 Pending -- -- --
11/19/2024 11/19/24 For Sale $699,950 -- $342 / 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 $4,396 $488,200 $403,600 $84,600
2024 $4,396 $488,200 $403,600 $84,600
2023 $3,581 $404,900 $327,300 $77,600
2022 $3,989 $374,900 $304,500 $70,400
2020 $4,126 $347,900 $292,300 $55,600
2019 $3,297 $270,100 $186,900 $83,200
2018 $3,118 $223,500 $149,500 $74,000
2017 $2,739 $200,000 $136,200 $63,800
2016 $2,684 $196,400 $152,200 $44,200
2015 $2,489 $171,000 $138,900 $32,100
2013 $2,891 $193,700 $162,900 $30,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2312351

Northwest Multiple Listing Service (NWMLS)

APN: 270401-004-003-00