Listed by RE/MAX Elite, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $635,640 - $684,000

4 Beds
2 Baths
1,575 Sq Ft
$423/Sq Ft Est. Value

Last Sold May 23, 2016

Last sale price $305,000 $194 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $3,928/month

25 Days on Market

Highlights

  • 0.37 Acre Lot
  • Territorial View
  • Open Space
  • Sunnycrest Elementary School Rated A-
  • Patio
  • Partially Fenced Property

About This Home

As of May 2016

Investment Opportunity! Perfectly situated near schools, & community favorites - Norm's Market, & Lundeen Beach! This duplex is sure to impress. The lot is generous, offering trees & privacy. The units each have 2 bedrooms, a full bath & a garage too! One side has extra kitchen cabinets. The other: a NEW hot water tank, updated carpet, paint & light fixtures. Current owner pays water/sewer, & tenants pay electric/trash. This duplex has been well cared for & consistently rented. Come See!!

Last Agent to Sell the Property

Gretchen Muldowney

RE/MAX Elite License #20110876 Listed on: 04/07/2016

RE/MAX Elite

Last Buyer's Agent

Rachna Grunkemeier

Skyline Properties, Inc. License #20070

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 918460

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,676

Year Built

  • Built in 1968

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 101x156
  • Open Space
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,575 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Delaneys Condos
  • Lake Stevens Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 00417700001106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,676

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1968
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Delaneys
  • New Construction: No
  • CalculatedSquareFootage: 1575
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: Lk Stevens Sewer
  • WaterCompany: PUD
  • WaterSewerGarbage: 2640

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Lake Stevens

Lot Info

  • Parcel Number: 00417700001106
  • Lot Size Acres: 0.37
  • Lot Size: 101x156
  • Lot Size Sq Ft: 16117
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 11

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 28800
  • Net Operating Income: 21119
  • Number Of Units Total: 2
  • Insurance Expense: 925
  • Leasable Area: 1575
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2016
  • Tax Annual Amount: 2676

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2016
Closed on
May 19, 2016
Sold by
Grunkemeier Stefan
Bought by
Grunkemeier Rachna
Seller's Agent
Gretchen Muldowney
RE/MAX Elite
Buyer's Agent
Rachna Grunkemeier
Skyline Properties, Inc.
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%
Current Estimated Value
$666,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,410
Avg. Annual Appreciation
8.57%

Purchase Details

Closed on
Jun 17, 2009
Sold by
Olson Ledean and Olson Mary Ann
Bought by
Larsen Kenneth and Larsen Tracy

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
4.82%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Grunkemeier Rachna -- Rainier Title Llc
Grunkemeier Rachna $305,000 Rainier Title Llc
Larsen Kenneth $124,156 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larsen Kenneth $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2016 05/23/16 Sold $305,000 -6.2% $194 / Sq Ft
05/03/2016 05/03/16 Pending -- -- --
04/07/2016 04/07/16 For Sale $325,000 -- $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 $4,534 $516,700 $327,400 $189,300
2024 $4,534 $483,200 $293,900 $189,300
2023 $4,659 $540,000 $325,500 $214,500
2022 $4,411 $396,900 $236,200 $160,700
2020 $4,312 $365,300 $204,000 $161,300
2019 $3,934 $326,600 $182,600 $144,000
2018 $3,756 $297,000 $155,600 $141,400
2017 $2,957 $261,500 $131,400 $130,100
2016 $2,676 $218,300 $118,400 $99,900
2015 $2,576 $194,600 $98,600 $96,000
2013 $2,710 $180,700 $76,300 $104,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 918460

Northwest Multiple Listing Service (NWMLS)

APN: 004177-000-011-06