NOT LISTED FOR SALE

Estimated Value: $960,000 - $1,088,000

8 Beds
8 Baths
3,696 Sq Ft
$279/Sq Ft Est. Value

Last Sold January 07, 2021

Last sale price $715,000 $193 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,409/month

1 Day on Market

Highlights

  • Deck
  • Thermal Windows
  • Wood Siding
  • Territorial View
  • Ceramic Tile Flooring

About This Home

As of January 2021

Fantastic four-plex opportunity in excellent, easy to rent area! The property needs roof, paint, and some TLC inside. Looks like about $50,000 of work would turn this into an $800,000 building. Rents are proforma. 2 units just became vacant and the seller would like the new owner to be able to see units and select tenants so isn’t re-renting them. Zoning allows for 3 more units to be built on the property. Units are 2 bedrooms, 1.5 baths with in-unit laundry. Great location with easy access to park-in-ride, schools, shopping, I-5, and Boeing. Pre-inspection available on request.

Last Agent to Sell the Property

Vince Grant

RE/MAX Elite License #41821 Listed on: 11/30/2020

RE/MAX Elite

Co-Listed By

Andrew Saddler

RE/MAX Elite License #131174

Last Buyer's Agent

Michael Durham

Keller Williams Rlty Bellevue License #130677

Keller Williams Rlty Bellevue

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1693865

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,933

Year Built

  • Built in 1977

Lot Details

  • 10,019 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,696 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Schools

  • Lowell Elementary School
  • Evergreen Mid Middle School
  • Cascade High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Pinehurst Condos
  • Pinehurst Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00544701300901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,933

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Pinehurst
  • New Construction: No
  • CalculatedSquareFootage: 3696
  • Special Features: None
  • Cumulative Days on Market: 322

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 4127

Schools

  • Junior High Dist: Everett
  • High School: Cascade High
  • Middle Or Junior School: Evergreen Mid

Lot Info

  • Parcel Number: 00544701300901
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 5000

Multi Family

  • Gross Scheduled Income: 60000
  • Net Operating Income: 47320
  • Number Of Units Total: 4
  • Insurance Expense: 619
  • Leasable Area: 3696
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7933

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2020
Closed on
Dec 22, 2020
Sold by
Baggerty Ralph L and The Baggerly Living Trust
Bought by
Barrett John Patrick and Barrett B
Seller's Agent
Vince Grant
RE/MAX Elite
Buyer's Agent
Michael Durham
Keller Williams Rlty Bellevue
List Price
$800,000
Sold Price
$715,000
Premium/Discount to List
-$85,000
-10.62%
Current Estimated Value
$1,029,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,932
Avg. Annual Appreciation
8.39%
Original Mortgage
$536,250
Outstanding Balance
$483,976
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$545,956

Purchase Details

Closed on
Apr 10, 2012
Sold by
Baggerly Ralph L and Baggerly Donna L
Bought by
Baggerly Ralph L and Baggerly Donna
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
Barrett John Patrick $715,000 Chicago Title Company Of Wa
Baggerly Ralph L $2,247 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrett John Patrick $536,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2021 01/07/21 Sold $715,000 +10.0% $193 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
11/30/2020 11/30/20 Price Changed $650,000 -18.8% $176 / Sq Ft
11/30/2020 11/30/20 For Sale $800,000 -- $216 / 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 $8,464 $975,900 $380,500 $595,400
2024 $8,464 $984,400 $360,000 $624,400
2023 $6,891 $838,000 $340,000 $498,000
2022 $6,857 $748,000 $272,500 $475,500
2020 $7,933 $706,000 $226,000 $480,000
2019 $6,677 $598,000 $167,500 $430,500
2018 $6,334 $520,000 $175,900 $344,100
2017 $5,381 $440,000 $175,900 $264,100
2016 $4,625 $397,500 $175,900 $221,600
2015 $4,632 $375,000 $172,200 $202,800
2013 $4,689 $335,000 $156,500 $178,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1693865

Northwest Multiple Listing Service (NWMLS)

APN: 005447-013-009-01