Listed by Marketplace Sotheby's Intl Rty, Bought with KW North Sound
NOT LISTED FOR SALE
-- Bed
-- Bath
3,082 Sq Ft
10,487 Sq Ft Lot

Last Sold May 12, 2022

Last sale price $1,024,000 $332 Per Sq Ft

4 Days on Market

Highlights

  • Under Construction
  • Vinyl Plank Flooring
  • Partially Fenced Property
  • Corner Lot
  • High Speed Internet

About This Home

As of May 2022

An incredible opportunity to invest in this extraordinary, new-construction duplex located in coveted Lake Stevens. Spacious, smart floor plan provides both residences with privacy and comfortable living. Similar, comparable rental properties indicate an average monthly income of $2,400+ for each dwelling, and an overall cap rate of approximately 5.5-6%! Property also includes a comprehensive, one-year builder’s warranty. Rarely available and with copious amenities, this fantastic opportunity won’t last long.

Last Agent to Sell the Property

Michael Garrett

Marketplace Sotheby's Intl Rty License #24763 Listed on: 09/23/2021

Marketplace Sotheby's Intl Rty

Co-Listed By

Julian Flunder

COMPASS License #120082

Last Buyer's Agent

Daniel Emborg

KW North Sound License #133290

KW North Sound

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1843503

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,690

Year Built

  • Built in 2022 | Under Construction

Lot Details

  • 10,487 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 3,082 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Highland Elementary School
  • North Lake Mid Middle School
  • Lake Stevens Snr Hig High School

Utilities

  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Lake Stevens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 29060600405600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,690

Year Built

Built in 2022 | Under Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2022
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: Yes
  • CalculatedSquareFootage: 3082
  • EffectiveYearBuiltSource: Public Records
  • EstimatedCompletionDate: 2022-02-28
  • NewConstruction: Under Construction
  • Special Features: NewHome
  • Cumulative Days on Market: 373

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Heat Pump, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Under Construction
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Available, Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Lake Stevens
  • WaterCompany: Lake Stevens
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Lake Stevens
  • High School: Lake Stevens Snr Hig
  • Middle Or Junior School: North Lake Mid

Lot Info

  • Parcel Number: 29060600405600
  • Lot Size Acres: 0.2407
  • Lot Size Sq Ft: 10487
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet
  • MLSLotSizeSource: Builder
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

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

Tax Info

  • Year: 2021

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 3082
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Highland Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2019
Closed on
May 15, 2020
Sold by
Gerard Park Development Company Llc
Bought by
Turner Robert and Barclay William H
Seller's Agent
Leonard Johnson
American Dream R. E. Services
Buyer's Agent
Julian Flunder
COMPASS
List Price
$499,000
Sold Price
$425,000
Premium/Discount to List
-$74,000
-14.83%

Purchase Details

Closed on
Mar 10, 2006
Sold by
Loss Robert D and Loss Tami L
Bought by
Gerard Park Development Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.18%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 30, 2001
Sold by
Bussing Daniel L and Bussing Bonnie K
Bought by
Loss Robert D and Loss Tami L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
7.09%
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
Turner Robert $425,000 Chicago Title
Gerard Park Development Co Llc $399,000 Pnwt
Loss Robert D $154,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerard Park Development Co Llc $2,000,000
Previous Owner Loss Robert D $130,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2022 05/12/22 Sold $1,024,000 +13.8% $332 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $899,950 +111.8% $292 / Sq Ft
05/21/2020 05/21/20 Sold $425,000 -14.8% --
01/23/2020 01/23/20 Pending -- -- --
06/14/2019 06/14/19 For Sale $499,000 -- --
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
2020 $2,690 $295,300 $295,300 $0
2019 $3,160 $295,300 $295,300 $0
2018 $2,657 $222,300 $222,300 $0
2017 $1,582 $160,900 $160,900 $0
2016 $1,582 $139,800 $139,800 $0
2015 $1,510 $123,900 $123,900 $0
2013 $1,043 $75,100 $75,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1843503

Northwest Multiple Listing Service (NWMLS)

APN: 290606-004-056-00