NOT LISTED FOR SALE

23615 79th Ave W Edmonds, WA 98026

Esperance Neighborhood

Estimated Value: $1,611,000 - $2,043,240

-- Bed
-- Bath
5,064 Sq Ft
$374/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $1,820,000 $359 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $11,587/month

1 Day on Market

About This Home

As of September 2021

Freshly renovated turnkey 4-plex in the heart of Edmonds! Cash flowing investment for an investor or opportunity to be owner occupied! All units are HUGE townhomes (2 & 3 Bedrooms) with in unit laundry. Each unit has 2 carports that could be converted to garages.

Last Listed By

Steve Fischer

Northmarq Multifamily, LLC License #87455 Listed on: 08/18/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1826534

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,533

Year Built

  • Built in 1971

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 5,064 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • Lake Ballinger Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00424400000200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,533

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1971
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5064
  • Special Features: None
  • Cumulative Days on Market: 263

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 8049

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00424400000200
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: MLS Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 10200

Multi Family

  • Gross Scheduled Income: 122400
  • Net Operating Income: 93688
  • Number Of Units Total: 4
  • Insurance Expense: 1010
  • Leasable Area: 5064
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 13533

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Sep 14, 2021
Sold by
Ballinger Park Townhomes Llc
Bought by
Gao George and Peng Yan
Seller's Agent
Steve Fischer
Northmarq Multifamily, LLC
Buyer's Agent
Maggie Sun
Keller Williams Rlty Bellevue
List Price
$1,750,000
Sold Price
$1,820,000
Premium/Discount to List
$70,000
4%
Total Days on Market
1
Current Estimated Value
$1,895,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,080
Avg. Annual Appreciation
1.97%
Original Mortgage
$1,365,000
Outstanding Balance
$1,260,847
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$694,437

Purchase Details

Listed on
Jun 26, 2020
Closed on
Jul 16, 2020
Sold by
Schneider Jana L and Jacobsen Kurt J
Bought by
Ballinger Park Townhomes Llc
Seller's Agent
Suzanne Fortune
Windermere Real Estate/HLC
Buyer's Agent
Tyler Smith
Northmarq Multifamily, LLC
List Price
$998,000
Sold Price
$1,075,000
Premium/Discount to List
$77,000
7.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.24%
Original Mortgage
$860,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 4, 2018
Sold by
Schneider Jana L and Jacobsen Kurt J
Bought by
Schneider Jana L and Jacobsen Kurt J

Purchase Details

Closed on
Apr 11, 2014
Sold by
Jacobsen Edward J and Jacobsen Dorothy V
Bought by
Jacobsen Edward J

Range of Values:

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Average Value
Not Available
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
Gao George $1,820,000 Chicago Title Company Of Wa
Ballinger Park Townhomes Llc $1,075,000 Cw Title
Schneider Jana L -- None Available
Jacobsen Edward J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gao George $1,365,000
Previous Owner Ballinger Park Townhomes Llc $425,000
Previous Owner Ballinger Park Townhomes Llc $860,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $1,820,000 +4.0% $359 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $1,750,000 +62.8% $346 / Sq Ft
07/21/2020 07/21/20 Sold $1,075,000 +7.7% $212 / Sq Ft
06/30/2020 06/30/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $998,000 -- $197 / 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 $11,756 $1,667,000 $494,500 $1,172,500
2024 $11,756 $1,667,000 $494,500 $1,172,500
2023 $11,229 $1,650,000 $252,400 $1,397,600
2022 $8,898 $1,075,000 $194,500 $880,500
2020 $9,405 $1,216,000 $194,500 $1,021,500
2019 $7,877 $855,000 $184,100 $670,900
2018 $6,911 $648,000 $175,900 $472,100
2017 $6,537 $642,000 $126,200 $515,800
2016 $5,730 $558,000 $126,200 $431,800
2015 $5,485 $503,000 $126,200 $376,800
2013 $4,320 $374,000 $142,800 $231,200
Source: Public Records

Agents Affiliated with this Home

  • Steve Fischer

    Seller's Agent in 2021

    Steve Fischer

    Northmarq Multifamily, LLC

    3 in this area

    39 Total Sales

    Steve Fischer
    Section Image
  • Tyler Smith

    Seller Co-Listing Agent in 2021

    Tyler Smith

    Northmarq Multifamily, LLC

    (206) 505-9425

    4 in this area

    25 Total Sales

    Tyler Smith
    Section Image
  • Maggie Sun

    Buyer's Agent in 2021

    Maggie Sun

    Keller Williams Realty Bellevue

    (425) 615-8293

    1 in this area

    327 Total Sales

    Maggie Sun
    Section Image
  • Suzanne Fortune

    Seller's Agent in 2020

    Suzanne Fortune

    Windermere Corporate

    (425) 343-2623

    1 in this area

    185 Total Sales

    Suzanne Fortune
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1826534

Northwest Multiple Listing Service (NWMLS)

APN: 004244-000-002-00

Washington Snohomish County Edmonds 98026 Esperance

23615 79th Ave W, Edmonds, WA

Homes for Sale in Edmonds, WA

This home is located at 23615 79th Ave W, Edmonds, WA 98026 since 18 August 2021 and is currently estimated at $1,895,080, approximately $374 per square foot. This property was built in 1971. 23615 79th Ave W 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) 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. ©2025 NWMLS.

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