Listed by Northmarq Multifamily, LLC
$345,000
SOLD JUL 6, 2012
-- Bed
-- Bath
3,192 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$108 Per Sq Ft

9% Below List Price

232 Days on Market

About This Home

As of August 2017

NEW LOWER PRICE! The Melvin Ave 4-plexes are well located in central Everett just minutes to downtown. Situated at the end of a dead end street, the two buildings possess multiple features that make for attractive investments including new composite roofs in 2007. The exterior of the properties also feature new exterior paint, covered carports, individual storage lockers and decks/patios for all units. Investors can expect a low maintenance turnkey property.

Last Agent to Sell the Property

Steve Fischer

Northmarq Multifamily, LLC License #87455 Listed on: 08/29/2011

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 269553

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,529

Year Built

  • Built in 1989

Lot Details

  • 6,534 Sq Ft Lot
  • Street terminates at a dead end

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,192 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • Open Parking

Community Details

  • Pinehurst Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1131268

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,529

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1989
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3192
  • Special Features: None
  • Cumulative Days on Market: 525

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 2483

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 1131268
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2995

Multi Family

  • Gross Scheduled Income: 35940
  • Net Operating Income: 27128
  • Number Of Units Total: 4
  • Insurance Expense: 722
  • Leasable Area: 3192
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2011
  • Tax Annual Amount: 4529

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2017
Closed on
Aug 16, 2017
Sold by
Murphy Matthew C
Bought by
Shaunak Sudhir and Krishnan Gurumeenal
Seller's Agent
Tamara Lamore
KW Everett
Buyer's Agent
BB French
Sagareus Real Estate
List Price
$680,000
Sold Price
$642,500
Premium/Discount to List
-$37,500
-5.51%
Current Estimated Value
$1,149,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,045
Avg. Annual Appreciation
7.00%
Original Mortgage
$481,875
Outstanding Balance
$409,447
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$683,719

Purchase Details

Listed on
Aug 29, 2011
Closed on
Jul 3, 2012
Sold by
Burr Kenneth A and Burr Shelley Eggert
Bought by
Murphy Matthew C
Seller's Agent
Steve Fischer
Northmarq Multifamily, LLC
List Price
$379,950
Sold Price
$345,000
Premium/Discount to List
-$34,950
-9.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%
Original Mortgage
$352,417
Interest Rate
3.74%
Mortgage Type
VA

Purchase Details

Closed on
Mar 25, 2002
Sold by
Burr Shelley G
Bought by
Burr Kenneth A and Burr Shelley G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,900
Interest Rate
6.84%

Purchase Details

Closed on
Mar 6, 1997
Sold by
Fourplex Melvin
Bought by
Burr Shelley G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
7.81%
Mortgage Type
Balloon
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $642,500 First American Title Ins Co
Special Warranty Deed $345,280 Chicago Title
Interfamily Deed Transfer -- --
Warranty Deed $212,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $481,875 New Conventional
Previous Owner $352,417 VA
Previous Owner $13,000 Credit Line Revolving
Previous Owner $232,000 New Conventional
Previous Owner $232,950 Fannie Mae Freddie Mac
Previous Owner $168,900 No Value Available
Previous Owner $169,600 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2017 08/24/17 Sold $642,500 -5.5% $201 / Sq Ft
06/09/2017 06/09/17 Pending -- -- --
06/05/2017 06/05/17 For Sale $680,000 0.0% $213 / Sq Ft
05/17/2017 05/17/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $680,000 +97.1% $213 / Sq Ft
07/06/2012 07/06/12 Sold $345,000 -9.2% $108 / Sq Ft
04/20/2012 04/20/12 Pending -- -- --
08/31/2011 08/31/11 For Sale $379,950 -- $119 / 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 $7,801 $893,400 $303,900 $589,500
2024 $7,801 $907,200 $291,700 $615,500
2023 $7,257 $882,500 $271,700 $610,800
2022 $7,223 $750,000 $218,200 $531,800
2020 $8,348 $743,000 $184,000 $559,000
2019 $7,034 $630,000 $147,000 $483,000
2018 $6,334 $520,000 $85,100 $434,900
2017 $5,014 $410,000 $85,100 $324,900
2016 $4,317 $371,000 $85,100 $285,900
2015 $4,324 $350,000 $83,500 $266,500
2013 $4,689 $335,000 $75,800 $259,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 269553

Northwest Multiple Listing Service (NWMLS)

APN: 005447-015-007-00