Listed by CENTURY 21 Real Estate Center, Bought with COMPASS
$365,000
SOLD DEC 12, 2016
-- Bed
-- Bath
1,768 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$206 Per Sq Ft

9 Days on Market

Highlights

  • RV Access or Parking
  • Mountain View
  • Partially Fenced Property
  • Whittier Elementary School Rated A
  • High Speed Internet
  • 2-minute walk to Clark Park

About This Home

As of December 2016

Totally updated building & units. Approved Triplex, has been used as a 5-plex (upper level has 3 studio apts). Huge cash flow potential from this property. Great in-city location w/easy access to all amenities; Hospital, Everett CC, freeways, DT shops & cafes. Turn-key investment. Sellers have spent most of their time updating the interior w/out seeking tenants in 4 of 5 units. Apt #1 has been occupied since 2005. This building should create a minimum cap rate between 7% to 9% for new owners.

Last Agent to Sell the Property

Chet Smith

CENTURY 21 Real Estate Center License #6681 Listed on: 11/08/2016

CENTURY 21 Real Estate Center

Last Buyer's Agent

Brian Huie

COMPASS License #118118

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1050356

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,371

Year Built

  • Built in 1904

Lot Details

  • 4,356 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Property Views

  • Mountain
  • Territorial
  • Limited

Home Design

  • Triplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,768 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Everett Condos
  • Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00439156500700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,371

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1904
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Everett
  • New Construction: No
  • CalculatedSquareFootage: 1768
  • Special Features: None
  • Cumulative Days on Market: 337

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Retail
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Partial, Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block, Post & Block
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Snohomish Cnty PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 369

Fee Information

  • Annual Fuel Expense: 1800

Schools

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

Lot Info

  • Parcel Number: 00439156500700
  • Lot Size Acres: 0.1
  • Lot Size: 4356
  • Lot Size Sq Ft: 4356
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Outbuildings,RV Parking
  • MLSLotSizeSource: SCR
  • ZoningClass: Business,Commercial,Multi-Family,Retail

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 3055

Multi Family

  • Gross Scheduled Income: 36660
  • Net Operating Income: 26297
  • Number Of Units Total: 5
  • Electric Expense: 2800
  • Insurance Expense: 800
  • Leasable Area: 1768
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2016
  • Tax Annual Amount: 2371

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2016
Closed on
Dec 7, 2016
Sold by
Elander Vanner E and Elander Laurel E
Bought by
Sharon International Llc
Seller's Agent
Chet Smith
CENTURY 21 Real Estate Center
Buyer's Agent
Brian Huie
COMPASS
List Price
$365,000
Sold Price
$365,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.14%

Purchase Details

Closed on
Jan 3, 2005
Sold by
Eggerling Michael J and Eggerling Leslie R
Bought by
Elander Vanner E and Elander Laurel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,700
Interest Rate
5.7%
Mortgage Type
Unknown

Purchase Details

Closed on
May 4, 2000
Sold by
Thomas Tim C
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
$107,000
Interest Rate
7.77%

Purchase Details

Closed on
Sep 14, 1983
Sold by
Rose Melvin and Rose Dorothy
Bought by
Gemmill Walter and Gemmill Rena
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 $355,000 Ticor Title
Warranty Deed $270,000 Chicago Title
Warranty Deed $128,000 Chicago Title Insurance Co
Warranty Deed $38,000 Pioneer National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $198,700 Unknown
Previous Owner $107,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $620,000 +69.9% $351 / Sq Ft
12/12/2016 12/12/16 Sold $365,000 0.0% $206 / Sq Ft
11/19/2016 11/19/16 Pending -- -- --
11/09/2016 11/09/16 For Sale $365,000 -- $206 / 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 $4,509 $535,500 $283,500 $252,000
2024 $4,509 $525,000 $278,500 $246,500
2023 $4,069 $495,500 $261,500 $234,000
2022 $3,845 $420,000 $200,000 $220,000
2020 $4,153 $370,000 $165,500 $204,500
2019 $3,904 $350,000 $160,500 $189,500
2018 $3,772 $310,000 $132,900 $177,100
2017 $2,602 $213,000 $120,800 $92,200
2016 $2,371 $204,000 $115,000 $89,000
2015 $2,480 $201,000 $109,500 $91,500
2013 $2,852 $204,000 $109,500 $94,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1050356

Northwest Multiple Listing Service (NWMLS)

APN: 004391-565-007-00