Listed by Opal Blue Real Estate, LLC, Bought with CENTURY 21 North Homes Realty
NOT LISTED FOR SALE

Estimated Value: $1,088,000 - $1,238,921

5 Beds
6 Baths
3,276 Sq Ft
$355/Sq Ft Est. Value

Last Sold April 01, 2022

Last sale price $1,195,000 $365 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,812/month

15 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Open Space
  • Territorial View
  • No HOA
  • Vinyl Plank Flooring

About This Home

As of April 2022

Historic 6-unit complex is located in the Riverside neighborhood of North Everett. It is on a corner lot of a street lined with single family homes yet just blocks from Downtown Everett and all the amenities that surround the area. The building is also located just minutes away from HWY 2 Trestle and an onramp to I-5 making it a great location for commuters. (2) triplexes located on a single 6,098 square foot tax parcel. Priced at a 6.3% Cap Rate on current rents with potential to raise to 8+ Cap Rate with improvements and rent raises. 3 units have washer, dryer and dishwasher in the unit. 2 units remodeled (2021). Sewer line new (2017). Interior viewings available 1/28 from 2-3p and 1/31 from 12-1p. Call your buyer's agent to schedule.

Last Agent to Sell the Property

Grant Fosheim

Opal Blue Real Estate, LLC License #21007243 Listed on: 01/18/2022

Last Buyer's Agent

Kristine Hofmann

CENTURY 21 North Homes Realty License #113534

CENTURY 21 North Homes Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1878390

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,258

Year Built

  • Built in 1901

Lot Details

  • 6,098 Sq Ft Lot
  • Open Space
  • Corner Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,276 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Schools

  • North Mid Middle School
  • Everett High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Riverside Subdivision

Listing and Financial Details

  • Legal Lot and Block 15&16 / 570
  • Assessor Parcel Number 00437857001500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,258

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1901
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3276
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Open Space, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Post & Pillar, Poured Concrete
  • Property Condition: Fair
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: SnoPUD
  • SewerCompany: Everett Public Works
  • WaterCompany: Everett Public Works

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett
  • High School: Everett High
  • Middle Or Junior School: North Mid

Lot Info

  • Parcel Number: 00437857001500
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 15&16

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 7385

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6258

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 357
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2022
Closed on
Mar 3, 2022
Sold by
N & N Investments Llc
Bought by
Virginia Property Llc
Seller's Agent
Grant Fosheim
Opal Blue Real Estate, LLC
Buyer's Agent
Kristine Hofmann
CENTURY 21 North Homes Realty
List Price
$1,095,000
Sold Price
$1,195,000
Premium/Discount to List
$100,000
9.13%
Current Estimated Value
$1,163,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,693
Avg. Annual Appreciation
-0.71%
Original Mortgage
$575,000
Outstanding Balance
$537,235
Interest Rate
3.92%
Mortgage Type
Construction
Estimated Equity
$626,072

Purchase Details

Closed on
Jul 6, 2017
Sold by
Nasman Damon L
Bought by
N & N Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.02%
Mortgage Type
VA

Purchase Details

Closed on
Jun 26, 2017
Sold by
Williams Investments Ii Llc
Bought by
Nasman Damon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.02%
Mortgage Type
VA

Purchase Details

Closed on
Jun 1, 2010
Sold by
Williams Gloria M
Bought by
Williams Investments Ii Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Virginia Property Llc $1,195,000 First American Title
N & N Investments -- None Available
Nasman Damon L $1,071,233 First American Title Ins Co
Nasman Damon L -- First American Title Ins Co
Williams Investments Ii Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Virginia Property Llc $575,000
Previous Owner Nasman Damon L $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2022 04/01/22 Sold $1,195,000 +9.1% $365 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $1,095,000 0.0% $334 / Sq Ft
01/22/2022 01/22/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $1,095,000 -- $334 / 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 $8,818 $1,150,000 $287,000 $863,000
2024 $8,818 $1,026,720 $282,000 $744,720
2023 $6,684 $814,000 $266,000 $548,000
2022 $6,317 $690,000 $194,000 $496,000
2020 $6,208 $553,000 $163,000 $390,000
2019 $5,566 $499,000 $158,000 $341,000
2018 $4,940 $406,000 $134,500 $271,500
2017 $4,362 $357,000 $122,300 $234,700
2016 $3,824 $329,000 $116,500 $212,500
2015 $3,973 $322,000 $111,000 $211,000
2013 $3,719 $266,000 $111,000 $155,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1878390

Northwest Multiple Listing Service (NWMLS)

APN: 004378-570-015-00