NOT LISTED FOR SALE

Estimated Value: $1,430,000 - $1,636,720

7 Beds
4 Baths
3,240 Sq Ft
$482/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $1,350,000 $417 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,657/month

25 Days on Market

Highlights

  • RV Access or Parking
  • 0.41 Acre Lot
  • Secluded Lot
  • Canyon Creek Elementary School Rated A
  • Deck
  • Territorial View

About This Home

As of July 2021

Very rare and even better shape is this remarkable 4 Plex on the edge of Mill Creek and Bothell. Shy half acre, completely renovated, newer roof, landscaping, painting interior upgrades Etc. Each unit has a private/patio, great layouts, exceptional location vacancy rate is zero. Income producing laundry facility on site that brings shy of $1000 per year, each unit has private parking & a storage unit. PLUS RV, Boat and Extra parking fully fenced for additional income or private use. Surrounded by new construction and rents can be increased as loyal tenants all on leases would LOVE to stay because of its ease to Freeways, townships, shopping, Etc. Zoned LDMR this perfect. PLEASE do NOT bother the current tenants! This complex is a Nest egg.

Last Listed By

Christopher Gough

The Preview Group License #24310 Listed on: 05/07/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1770449

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,759

Year Built

  • Built in 1984

Lot Details

  • 0.41 Acre Lot
  • Partially Fenced Property
  • Secluded Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,240 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Crystal Springs Elementary School
  • Skyview Middle School
  • North Creek High School

Utilities

  • Private Water Source
  • High Speed Internet

Community Details

  • Forest Villa Ii Condos
  • Mill Creek Subdivision

Listing and Financial Details

  • Assessor Parcel Number 70380000010000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,759

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1984
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Forest Villa II
  • New Construction: No
  • CalculatedSquareFootage: 3240
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: VirtualTour
  • Cumulative Days on Market: 267

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: See Remarks, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 20
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 20

Utilities

  • Sewer: Sewer Connected
  • Water Source: Private
  • Security: FullyFenced
  • Utilities: High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: PUD
  • WaterCompany: City of Bothell
  • WaterSewerGarbage: 3600

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Northshore
  • High School: North Creek High School
  • Middle Or Junior School: Skyview Middle School

Lot Info

  • Parcel Number: 70380000010000
  • Lot Size Acres: 0.41
  • Lot Size Sq Ft: 17860
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: title
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 21
  • LeasedItems: None
  • TotalMonthlyIncome: 5985

Multi Family

  • Gross Scheduled Income: 71835
  • Net Operating Income: 57266
  • Number Of Units Total: 4
  • Electric Expense: 450
  • Insurance Expense: 2760
  • Leasable Area: 3240
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 7759

MLS Schools

  • Elementary School: Crystal Springs Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jul 12, 2021
Sold by
Johnson Mark and Johnson Robin
Bought by
Liang Naishu and Zhao Lei
Seller's Agent
Christopher Gough
The Preview Group
Buyer's Agent
Jane Nipius
WPI Real Estate Services, Inc.
List Price
$1,499,950
Sold Price
$1,350,000
Premium/Discount to List
-$149,950
-10%
Total Days on Market
25
Current Estimated Value
$1,560,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,430
Avg. Annual Appreciation
2.50%
Original Mortgage
$731,864
Outstanding Balance
$676,871
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$806,375

Purchase Details

Closed on
Feb 23, 2017
Sold by
Johnson Mark
Bought by
Johnson Mark and Johnson Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.21%
Mortgage Type
Credit Line Revolving

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
Liang Naishu $1,350,000 Fidelity National Title
Johnson Mark -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liang Naishu $731,864
Previous Owner Johnson Mark $645,000
Previous Owner Johnson Mark $623,000
Previous Owner Johnson Mark $100,000
Previous Owner Johnson Mark $387,000
Previous Owner Johnson Mark D $372,400
Previous Owner Johnson Mark D $324,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold $1,350,000 -8.5% $417 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/20/2021 05/20/21 Price Changed $1,474,900 -1.7% $455 / Sq Ft
05/07/2021 05/07/21 For Sale $1,499,950 -- $463 / 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 $11,570 $1,275,000 $497,900 $777,100
2024 $11,570 $1,250,000 $497,900 $752,100
2023 $10,347 $1,240,000 $487,900 $752,100
2022 $8,424 $795,000 $442,200 $352,800
2020 $7,759 $690,000 $414,300 $275,700
2019 $7,395 $664,000 $274,300 $389,700
2018 $7,986 $672,000 $338,600 $333,400
2017 $6,614 $560,000 $303,600 $256,400
2016 $6,535 $540,000 $267,900 $272,100
2015 $5,202 $400,000 $223,300 $176,700
2013 $5,495 $379,000 $223,300 $155,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1770449

Northwest Multiple Listing Service (NWMLS)

APN: 007038-000-001-00