Listed by Piper Madison Real Estate, Bought with Lamoureux Real Estate
NOT LISTED FOR SALE

Estimated Value: $426,000 - $489,000

4 Beds
3 Baths
1,920 Sq Ft
$242/Sq Ft Est. Value

Last Sold October 01, 2014

Last sale price $179,950 $94 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $2,687/month

45 Days on Market

About This Home

As of October 2014

Fully occupied duplex in Downtown Everett built in a classic Craftsman style in a commercial zone. "Very walkable" neighborhood near coffee, dining, entertainment, grocery and transit. Potential to add a third unit on the bottom level, three electric meters installed. The main floor and the top floor are 1 bedroom 1 bathroom units renting for $625 per month each. Solid investment with big upside potential in building out a 3rd unit or future development with the commercial zoning.

Last Agent to Sell the Property

Scott Forcier

Piper Madison Real Estate License #92427 Listed on: 08/02/2014

Last Buyer's Agent

Chris Lamoureux

Lamoureux Real Estate License #18287

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 677032

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,454

Year Built

  • Built in 1901

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 120
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Community Details

  • Swalwells 2Nd Addition Condos
  • Downtown Subdivision

Listing and Financial Details

  • Legal Lot and Block 13 / 655
  • Assessor Parcel Number 00593665501300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,454

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1901
  • Buyer Agency Compensation: * * 3% * *
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Swalwells 2nd Addition
  • New Construction: No
  • CalculatedSquareFootage: 1920
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 1812

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00593665501300
  • Lot Size Acres: 0.07
  • Lot Size: 25 x 120
  • Lot Size Sq Ft: 3049
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Record
  • ZoningJurisdiction: City
  • ZoningClass: Commercial
  • LotNumber: 13

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 15000
  • Net Operating Income: 9220
  • Number Of Units Total: 2
  • Electric Expense: 720
  • Insurance Expense: 894
  • Leasable Area: 1920
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2014
  • Tax Annual Amount: 1454

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2014
Closed on
Sep 26, 2014
Sold by
Lee Linus Shu Bong and Chen Doris Ching Rong
Bought by
Long State Ave Llc
Seller's Agent
Scott Forcier
Piper Madison Real Estate
Buyer's Agent
Chris Lamoureux
Lamoureux Real Estate
List Price
$195,000
Sold Price
$179,950
Premium/Discount to List
-$15,050
-7.72%
Current Estimated Value
$464,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,721
Avg. Annual Appreciation
8.96%

Purchase Details

Listed on
Feb 10, 2012
Closed on
Jul 26, 2012
Sold by
Everett Renewal Llc
Bought by
Lee Linus Shu Bong and Chen Doris Ching Rong
Seller's Agent
Chet Smith
CENTURY 21 Real Estate Center
List Price
$139,000
Sold Price
$110,000
Premium/Discount to List
-$29,000
-20.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.46%
Original Mortgage
$115,000
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2009
Sold by
Finrow Brian
Bought by
Everett Renewal Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
4.78%
Mortgage Type
Unknown

Purchase Details

Closed on
May 28, 2009
Sold by
The Bank Of New York
Bought by
Finrow Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
4.78%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 9, 2008
Sold by
Larson Lucas
Bought by
The Bank Of New York and Cwabs Inc Asset Backed Certificates Seri

Purchase Details

Closed on
Jun 21, 2006
Sold by
Oak Tree Properties Llc
Bought by
Larson Lucas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,200
Interest Rate
9.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2004
Sold by
Broderson Curtis R and Broderson Michelle K
Bought by
Oak Tree Properties Llc

Purchase Details

Closed on
Aug 13, 2003
Sold by
Vermedal Searie R
Bought by
Broderson Curtis R and Broderson Michelle K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,400
Interest Rate
6.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 4, 2000
Sold by
Gutierrez Wendy
Bought by
Vermedal Searle M and Vermedal Janet L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,300
Interest Rate
8.26%

Purchase Details

Closed on
Oct 16, 1998
Sold by
Holcomb James W and Holcomb Jody
Bought by
Gutierrez Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,900
Interest Rate
7.25%
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
Long State Ave Llc $179,950 Nextitle
Lee Linus Shu Bong $110,280 Nextitle
Everett Renewal Llc -- None Available
Finrow Brian $130,280 First American
The Bank Of New York $165,750 Fidelity National Title
Larson Lucas $209,000 Commonwealth Land Title
Oak Tree Properties Llc $153,250 Commonwealth Land Title
Broderson Curtis R $156,000 First American Title Ins Co
Vermedal Searle M $97,900 --
Gutierrez Wendy $86,600 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Linus Shu Bong $115,000
Previous Owner Finrow Brian $97,500
Previous Owner Larson Lucas $167,200
Previous Owner Broderson Curtis R $140,400
Previous Owner Vermedal Searle M $78,300
Previous Owner Gutierrez Wendy $60,900
Closed Vermedal Searle M $78,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2014 10/01/14 Sold $179,950 -7.7% $94 / Sq Ft
09/18/2014 09/18/14 Pending -- -- --
08/03/2014 08/03/14 For Sale $195,000 +77.3% $102 / Sq Ft
07/31/2012 07/31/12 Sold $110,000 -20.9% $89 / Sq Ft View Prior Sale
07/10/2012 07/10/12 Pending -- -- --
02/10/2012 02/10/12 For Sale $139,000 -- $112 / 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 $2,756 $337,500 $241,800 $95,700
2024 $2,756 $320,900 $225,200 $95,700
2023 $2,566 $312,500 $225,200 $87,300
2022 $2,209 $241,300 $164,400 $76,900
2020 $2,381 $212,100 $156,300 $55,800
2019 $2,105 $188,700 $136,800 $51,900
2018 $2,424 $199,200 $106,500 $92,700
2017 $2,224 $182,000 $90,000 $92,000
2016 $1,918 $165,000 $69,000 $96,000
2015 $1,370 $111,000 $66,000 $45,000
2013 $1,650 $118,000 $66,000 $52,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 677032

Northwest Multiple Listing Service (NWMLS)

APN: 005936-655-013-00