Listed by Valley and View, Bought with Raven Commercial Real Estate
$1,200,000
SOLD JAN 10, 2022
-- Bed
-- Bath
3,304 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$363 Per Sq Ft

12 Days on Market

Highlights

  • Territorial View
  • Ceramic Tile Flooring
  • Property is in very good condition
  • Patio
  • High Speed Internet
  • Partially Fenced Property

About This Home

As of January 2022

Amazing opportunity to own a beautifully updated 4-Plex in Pinehurst. Pride of ownership shows! Low maintenance and 100% occupied at below market rates for huge upside potential. All units are 2bed 1bath 826 sq.ft and include a washer /dryer. Custom kitchens with shaker cabinets, granite countertops and newer stainless steel appliances! Each unit also has one assigned covered carport parking space. The building also has 2 additional uncovered parking spaces for tenants / guests to use. Excellent cap rate. High demand rental market makes this property an extremely solid investment. Close to downtown Everett and Mukilteo. Don't miss this one!

Last Agent to Sell the Property

Matthew Wright

Valley and View License #122346 Listed on: 11/01/2021

Last Buyer's Agent

Jason Wilcox

Raven Commercial Real Estate License #25526

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1830693

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,958

Year Built

  • Built in 1987

Lot Details

  • 6,098 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,304 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Laminate
  • Ceramic Tile

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Pinehurst Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00544800900100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,958

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1987
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3304
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 341

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Ceramic Tile, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

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

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

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: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 3120

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Everett
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00544800900100
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 22
  • LeasedItems: None
  • TotalMonthlyIncome: 5668

Multi Family

  • Gross Scheduled Income: 66782
  • Net Operating Income: 53760
  • Number Of Units Total: 4
  • Electric Expense: 135
  • Insurance Expense: 1371
  • Leasable Area: 3304
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5958

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2024
Sold by
Boddeti Uma Malini
Bought by
Bhargava Vadapalli And Uma Boddeti Living Tru and Vadapalli
Current Estimated Value
$1,275,294

Purchase Details

Listed on
Nov 1, 2021
Closed on
Jan 7, 2022
Sold by
Bhargava Vadapalll
Bought by
Boddeti Uma Malini
Seller's Agent
Matthew Wright
Valley and View
Buyer's Agent
Jason Wilcox
Raven Commercial Real Estate
List Price
$1,199,950
Sold Price
$1,200,000
Premium/Discount to List
$50
0.004%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.87%

Purchase Details

Closed on
Sep 23, 2020
Sold by
Fletcher Scott
Bought by
2505 61St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 12, 2018
Closed on
Jan 30, 2018
Sold by
Fletcher Se
Bought by
Fletcher Scott
Seller's Agent
Barbara Warren
Keller Williams Realty Bothell
Buyer's Agent
Anne Lipana
Thomas Edwards Real Estate LLC
List Price
$575,000
Sold Price
$535,000
Premium/Discount to List
-$40,000
-6.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.35%
Original Mortgage
$535,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 12, 2018
Closed on
Jan 26, 2018
Sold by
Vestal George K
Bought by
Fletcher Scott
Seller's Agent
Barbara Warren
Keller Williams Realty Bothell
Buyer's Agent
Anne Lipana
Thomas Edwards Real Estate LLC
List Price
$575,000
Sold Price
$535,000
Premium/Discount to List
-$40,000
-6.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 1997
Sold by
Arnesen Barbara J
Bought by
Vestal George K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.66%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $313 None Listed On Document
Quit Claim Deed $313 Chicago Title
Warranty Deed -- None Available
Interfamily Deed Transfer -- Chicago Title
Warranty Deed $535,000 Chicago Title
Warranty Deed $200,000 Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $513,000 New Conventional
Previous Owner $525,000 New Conventional
Previous Owner $535,000 New Conventional
Previous Owner $160,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Sold $1,200,000 0.0% $363 / Sq Ft
11/13/2021 11/13/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $1,199,950 +124.3% $363 / Sq Ft
01/31/2018 01/31/18 Sold $535,000 -7.0% $162 / Sq Ft
01/12/2018 01/12/18 Pending -- -- --
01/12/2018 01/12/18 For Sale $575,000 -- $174 / 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 $10,481 $1,184,200 $312,100 $872,100
2024 $10,481 $1,219,200 $298,900 $920,300
2023 $9,011 $1,096,100 $278,900 $817,200
2022 $5,492 $599,000 $220,700 $378,300
2020 $6,350 $565,000 $185,900 $379,100
2019 $5,863 $525,000 $148,000 $377,000
2018 $6,090 $500,000 $87,700 $412,300
2017 $5,014 $410,000 $87,700 $322,300
2016 $4,253 $365,500 $87,700 $277,800
2015 $4,262 $345,000 $86,000 $259,000
2013 $4,619 $330,000 $78,100 $251,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1830693

Northwest Multiple Listing Service (NWMLS)

APN: 005448-009-001-00