Listed by RE/MAX Elite, Bought with Keller Williams Rlty Bellevue
NOT LISTED FOR SALE

2503 Madison St Everett, WA 98203

Pinehurst Neighborhood

Estimated Value: $987,098 - $1,301,000

8 Beds
8 Baths
3,696 Sq Ft
$319/Sq Ft Est. Value

Sale Details

Date Sold: January 7, 2021

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

Est. 65% increase in value since last sale

Current estimated payment $7,133 / mo

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

Parking

  • Open Parking

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

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

10,019 Sq Ft Lot

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
  • Structure Type: Quadruplex
  • CalculatedSquareFootage: 3696
  • Special Features: None

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

Garage/Parking

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

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

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7933

Multi Family

  • Number Of Units Total: 4
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2025
Sold by
Bought by
Current Estimated Value
$1,178,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
0.0675%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2025
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
0.0675%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2020
Closed on
Dec 22, 2020
Sold by
Bought by
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%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.41%
Original Mortgage
$536,250
Interest Rate
0.027%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2012
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$313 Land Title
$1,250,000 Aegis Land Title Group
$715,000 Chicago Title Company Of Wa
$2,247 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $575,000
Previous Owner $536,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,517 $986,900 $380,500 $606,400
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

  • Vince Grant

    Seller's Agent in 2021

    Vince Grant

    Realty World Performance

    (425) 483-4200

    6 in this area

    354 Total Sales

    Vince Grant
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Andrew Saddler

    Realty World Performance

    Section Image
  • Michael Durham

    Buyer's Agent in 2021

    Michael Durham

    Keller Williams Realty Bellevue

    (425) 508-0934

    43 Total Sales

    Michael Durham
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1693865

Northwest Multiple Listing Service (NWMLS)

APN: 005447-013-009-01

Washington Snohomish County Everett 98203 Pinehurst

2503 Madison St, Everett, WA

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. ©2026 NWMLS.
Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID

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