NOT LISTED FOR SALE

307 N 4th St Unit 1-4 Mount Vernon, WA 98273

Estimated Value: $584,000 - $792,380

-- Bed
4 Baths
3,708 Sq Ft
$175/Sq Ft Est. Value

Last Sold June 01, 2016

Last sale price $309,000 $83 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $4,077/month

111 Days on Market

Highlights

  • River View
  • Wood Siding
  • 5-minute walk to Skagit Parks & Recreation
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of June 2016

River View Four Plex! 7.29% Cap Rate,Location! Across the street from high school, 1 block to hospital, on bus line and walking distance to shopping,restaurants, 2 min to I-5,100%occupied with waiting list for units this size,Ample parking,Coin operated laundry,laminate wood flooring updates in most units,potential to turn basement into 5th unit, large lot. Invest in your future and build an income stream,small enough to self manage, long term tenants. Studio unit has a sunroom facing the river.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 01/30/2016

Skyline Properties, Inc.

Co-Listed By

Wendy Pedersen

Every Door Real Estate License #112128

Last Buyer's Agent

Andrea Semanko

Tucker Realty ERA Powered License #50021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 886930

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,731

Year Built

  • Built in 1960

Lot Details

  • 7,200 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Property Views

  • River
  • City
  • Mountain

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,708 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Schools

  • Washelem Elementary School
  • La Venture Mid Middle School
  • Mount Vernon High School

Utilities

  • Cable TV Available

Community Details

  • Mount Vernon Subdivision

Listing and Financial Details

  • Assessor Parcel Number P52224
  • Tax Block 17

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,731

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1960
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3708
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 308

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: City, Mountain(s), River
  • Lot Features: Alley, Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 3600

Schools

  • Junior High Dist: Mount Vernon
  • High School: Mount Vernon High
  • Middle Or Junior School: La Venture Mid

Lot Info

  • Parcel Number: P52224
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 2895

Multi Family

  • Gross Scheduled Income: 33840
  • Net Operating Income: 21392
  • Number Of Units Total: 4
  • Electric Expense: 500
  • Insurance Expense: 1717
  • Leasable Area: 3708
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2015
  • Tax Annual Amount: 2731

MLS Schools

  • Elementary School: WashElem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2016
Closed on
May 26, 2016
Sold by
Repman Douglas B and Repman Joanne R
Bought by
Foster Timothy M and Foster Sayuri
Seller's Agent
Donna Marshall
Skyline Properties, Inc.
Buyer's Agent
Andrea Semanko
Tucker Realty ERA Powered
List Price
$298,500
Sold Price
$309,000
Premium/Discount to List
$10,500
3.52%
Total Days on Market
111
Current Estimated Value
$649,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,845
Avg. Annual Appreciation
8.03%

Purchase Details

Closed on
Jan 4, 2011
Sold by
Smith Stone Mark and Smith Mark D
Bought by
Repman Douglas B and Repman Joanne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,300
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2005
Sold by
Smith Mark D and Smith Christine A
Bought by
Smith Mark D

Purchase Details

Closed on
Aug 31, 2004
Sold by
J & F Residential Llc
Bought by
Smith Mark D and Smith Christine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,000
Interest Rate
8%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Foster Timothy M $308,757 First American Title Ins Co
Repman Douglas B $199,280 Chicago Title Company
Smith Mark D -- None Available
Smith Mark D $215,000 Chicago Title Company Island
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foster Timothy M $225,000
Previous Owner Repman Douglas B $139,300
Previous Owner Smith Stone Mark $232,500
Previous Owner Smith Mark D $11,000
Previous Owner Smith Mark D $150,500
Closed Smith Mark D $64,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2016 06/01/16 Sold $309,000 +3.5% $83 / Sq Ft
05/21/2016 05/21/16 Pending -- -- --
01/30/2016 01/30/16 For Sale $298,500 -- $81 / 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
2024 $5,154 $553,900 $279,000 $274,900
2023 $5,154 $504,000 $230,500 $273,500
2022 $4,563 $460,800 $198,900 $261,900
2021 $3,582 $388,900 $179,100 $209,800
2020 $3,041 $283,900 $0 $0
2019 $2,582 $234,300 $0 $0
2018 $3,130 $225,500 $0 $0
2017 $2,524 $210,400 $0 $0
2016 $2,548 $171,100 $54,800 $116,300
2015 $3,182 $171,100 $54,800 $116,300
2013 $2,771 $180,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 886930

Northwest Multiple Listing Service (NWMLS)

APN: P52224