NOT LISTED FOR SALE

23523 Edmonds Way Edmonds, WA 98026

Ridge Acres Neighborhood
-- Bed
-- Bath
6,432 Sq Ft
10,454 Sq Ft Lot

Last Sold January 19, 2021

Last sale price $1,500,000 $233 Per Sq Ft

107 Days on Market

Highlights

  • Docks
  • Secluded Lot
  • Property is in very good condition
  • Edmonds Woodway High School Rated A-
  • High Speed Internet
  • Partially Fenced Property

About This Home

As of January 2021

Investor alert! 6-plex available in highly sought after neighborhood. Easy access to I-5, on bus line, walk to shopping, close to downtown Edmonds. 5-2bd units, 1-1bd unit that can be converted back to a 2 bd. W/D hookups, fireplaces, and decks in a secured building. Rents are well below market, so room for healthy increases to get up to market value. Drive by only, no sign, please do not bother tenants.

Last Agent to Sell the Property

Karen Wagner

Coldwell Banker Danforth License #23602 Listed on: 07/22/2020

Coldwell Banker Danforth

Last Buyer's Agent

Sam Ghanim

The Paragon Group License #135586

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1634831

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,456

Year Built

  • Built in 1986

Lot Details

  • 10,454 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Value in Land
  • Property is in very good condition

Home Design

  • Slab Foundation
  • Poured Concrete
  • Tile Roof
  • Wood Siding

Interior Spaces

  • 6,432 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Outdoor Features

  • Docks

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Ridge Acres Condos
  • Esperance Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 4
  • Assessor Parcel Number 00555300400107

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,456

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1986
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Ridge Acres
  • New Construction: No
  • CalculatedSquareFootage: 6432
  • Special Features: None
  • Cumulative Days on Market: 387

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Tile
  • Lot Features: Dead End Street, Secluded, Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Snohomish PUD
  • SewerCompany: Olympic View
  • WaterCompany: Olympic View
  • WaterSewerGarbage: 6985

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00555300400107
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Dock,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: County
  • ZoningJurisdiction: County
  • ZoningClass: Commercial,Multi-Family
  • LotNumber: 2

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 25
  • LeasedItems: None
  • TotalMonthlyIncome: 6460

Multi Family

  • Gross Scheduled Income: 77520
  • Net Operating Income: 46000
  • Number Of Units Total: 6
  • Electric Expense: 270
  • Insurance Expense: 3560
  • Leasable Area: 6432
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 11456

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2021 01/19/21 Sold $1,500,000 -9.1% $233 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
11/02/2020 11/02/20 Price Changed $1,650,000 0.0% $257 / Sq Ft
11/02/2020 11/02/20 For Sale $1,650,000 -5.7% $257 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
10/05/2020 10/05/20 Price Changed $1,750,000 -12.5% $272 / Sq Ft
08/08/2020 08/08/20 Price Changed $1,999,999 -9.1% $311 / Sq Ft
07/22/2020 07/22/20 For Sale $2,200,000 -- $342 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Karen Wagner

    Seller's Agent in 2021

    Karen Wagner

    Coldwell Banker Danforth

    (509) 679-5353

    1 in this area

    71 Total Sales

    Karen Wagner
    Section Image
  • Sam Ghanim

    Buyer's Agent in 2021

    Sam Ghanim

    The Paragon Group

    (206) 468-0625

    1 in this area

    7 Total Sales

    Sam Ghanim
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1634831

Northwest Multiple Listing Service (NWMLS)

APN: 00555300400107

Washington Snohomish County Edmonds 98020 Ridge Acres

23523 Edmonds Way, Edmonds, WA

This home is located at 23523 Edmonds Way, Edmonds, WA 98026 since 22 July 2020. This property was built in 1986. 23523 Edmonds Way is a home located in Snohomish County with nearby schools including Sherwood 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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