Listed by Opal Blue Real Estate, LLC, Bought with John L. Scott Anacortes
NOT LISTED FOR SALE

Estimated Value: $1,272,000 - $1,593,136

15 Beds
7 Baths
5,020 Sq Ft
$281/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $1,325,000 $264 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,686/month

6 Days on Market

Highlights

  • Deck
  • Territorial View
  • Open Space
  • Whittier Elementary School Rated A
  • Corner Lot
  • 1-minute walk to Clark Park

About This Home

As of June 2021

(3) Duplexes and (1) Single Family home on one tax parcel. This (7) unit complex is offered at a current 6% CAP. Raising rents to market rate equals a 7.4% CAP in an great location with lots of development nearby. Zoned Urban Residential for up to 4 story building for future development potential. All (3) duplexes are 2bd/1ba on bottom floor and 1bd/1ba on top floor. The home is a 3bd/1ba w/W/D. Three duplexes share a coin operate W/D in basement of one of the buildings that has common access. Lots of updates have been done including sewer line work, unit renovations and lots of new windows. Addresses are 2501 Oakes, 2503 Oakes, 1906 25th St & 1910 25th St.

Last Agent to Sell the Property

Grant Fosheim

Opal Blue Real Estate, LLC License #21007243 Listed on: 04/27/2021

Last Buyer's Agent

John McCarthy

John L. Scott Anacortes License #18389

John L. Scott Anacortes

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1765250

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,254

Year Built

  • Built in 1915

Lot Details

  • 6,098 Sq Ft Lot
  • Open Space
  • Partially Fenced Property
  • Corner Lot
  • Property is in average condition

Home Design

  • Pillar, Post or Pier Foundation
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 5,020 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Outdoor Features

  • Deck

Schools

  • Whittier Elementary School
  • North Mid Middle School
  • Everett High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Historic N Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00439156500100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,254

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1915
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5020
  • Special Features: VirtualTour
  • Cumulative Days on Market: 342

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Corner Lot, Curbs, Open Space, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Post & Pillar, 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
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: SnoPUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 2947

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Annual Fuel Expense: 492

Schools

  • Junior High Dist: Everett
  • High School: Everett High
  • Middle Or Junior School: North Mid

Lot Info

  • Parcel Number: 00439156500100
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 8770

Multi Family

  • Gross Scheduled Income: 105240
  • Net Operating Income: 81050
  • Number Of Units Total: 7
  • Insurance Expense: 2395
  • Leasable Area: 5020
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 8254

MLS Schools

  • Elementary School: Whittier Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2021
Closed on
Jun 16, 2021
Sold by
F & S Investments Llc
Bought by
Hughes Brian
Seller's Agent
Grant Fosheim
Opal Blue Real Estate, LLC
Buyer's Agent
John McCarthy
John L. Scott Anacortes
List Price
$1,350,000
Sold Price
$1,325,000
Premium/Discount to List
-$25,000
-1.85%
Current Estimated Value
$1,405,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,352
Avg. Annual Appreciation
1.43%
Original Mortgage
$487,000
Outstanding Balance
$445,691
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$959,661

Purchase Details

Closed on
Sep 7, 2016
Sold by
Eggerling Leslie R
Bought by
F & S Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
3.43%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 22, 2016
Sold by
Eggerling Michael J and Eggerling Leslie R
Bought by
Eggerling Leslie R and Eggerling Charitable Remainder Unitrust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
3.43%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 21, 2016
Sold by
Mj Rental Properties Llc
Bought by
Eggerling Michael J and Eggerling Leslie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
3.43%
Mortgage Type
Unknown

Purchase Details

Closed on
May 22, 2009
Sold by
Mj Properties Llc
Bought by
Mj Rentalproperties Llc

Purchase Details

Closed on
Nov 5, 1999
Sold by
Stockton Donald B and Stockton Judith D
Bought by
Eggerling Michael J and Eggerling Leslie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.85%
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 Buyer Sale Price Title Company
Hughes Brian $1,325,000 First American Title
F & S Investments Llc $760,000 Old Republic Title Ltd
Eggerling Leslie R -- None Available
Eggerling Michael J -- None Available
Mj Rentalproperties Llc -- None Available
Eggerling Michael J $154,694 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hughes Brian $487,000
Previous Owner F & S Investments Llc $570,000
Previous Owner Eggerling Michael J $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $1,325,000 -1.9% $264 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $1,350,000 -- $269 / 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 $11,092 $1,330,000 $341,600 $988,400
2024 $11,092 $1,291,500 $335,800 $955,700
2023 $10,006 $1,218,500 $330,100 $888,400
2022 $8,204 $896,000 $241,500 $654,500
2020 $8,801 $784,000 $200,100 $583,900
2019 $8,354 $749,000 $194,400 $554,600
2018 $8,774 $721,000 $140,500 $580,500
2017 $7,612 $623,000 $127,700 $495,300
2016 $3,173 $546,000 $121,500 $424,500
2015 $6,133 $497,000 $115,500 $381,500
2013 $6,166 $441,000 $115,500 $325,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1765250

Northwest Multiple Listing Service (NWMLS)

APN: 004391-565-001-00