NOT LISTED FOR SALE
0.55 Acre
-- Price per Acre
23,958 Sq Ft Lot

Last Sold September 22, 2021

Last sale price $2,250,000

35 Days on Market

About This Lot

As of September 2021

The Lombard Plaza consists of 3 Single family homes, a 6 unit apartment building and parking lot positioned on 23,957 SF of Urban Mixed and Urban Residential land. Per architectural renderings the zoning allows for up to 180 units with an average unit square footage of 452 SF. The property has recently undergone major renovations including new siding and exterior paint along with new roofs and several remodeled units. With all the major capital improvements done, this property is poised for substantial rent growth and cashflow for years to come while the land continues to appreciate. The Lombard Plaza offer the savvy investor a perfect add-value opportunity with significant upside in a market that has seen tremendous growth.

Last Agent to Sell the Property

Nick Hemming

Paragon Real Estate Advisors License #120684 Listed on: 06/22/2021

Co-Listed By

Jacob Odegard

Paragon Real Estate Advisors License #120796

Last Buyer's Agent

Nick Hemming

Paragon Real Estate Advisors License #120684 Listed on: 06/22/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1795857

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,796

Lot Details

  • Level Lot

Community Details

  • Everett Community

Listing and Financial Details

  • Assessor Parcel Number 00439074001901

Property Details

Property Type

Land

Est. Annual Taxes

$3,796

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Style: 42 - Multi-Family
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Information: Paved
  • Water Jurisdiction: Public

Utilities

  • Electricity: On Property
  • Gas Available: On Property
  • Sewer: On Property
  • Water: On Property

Condo/Co-op/Association

  • Community Name: Everett

Schools

  • School District: EV

Lot Info

  • General Zoning Classification: Multi-Family, Residential
  • Improvements: Dwelling
  • Lot Sq Ft: 23958
  • Parcel Number: 00439074001901
  • Topography: Level
  • Zoning Jurisdiction: City
  • Zoning Remarks: UR/UM

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Sep 20, 2021
Sold by
Lombard Plaza Llc
Bought by
Project S24 Llc
Seller's Agent
Nick Hemming
Paragon Real Estate Advisors
Buyer's Agent
Nick Hemming
Paragon Real Estate Advisors
List Price
$2,350,000
Sold Price
$2,250,000
Premium/Discount to List
-$100,000
-4.26%

Purchase Details

Closed on
Dec 30, 2016
Sold by
Pandher Satwant S and Pandher Satwant Singh
Bought by
Lombard Plaza Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$883,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2016
Sold by
Pandher Gurjit Singh
Bought by
Pandher Satwant Singh

Purchase Details

Closed on
Jun 12, 2013
Sold by
Pandher Sukhminder Kaur
Bought by
Pandher Satwant S

Purchase Details

Closed on
Jun 10, 2013
Sold by
Badyal Mohinder S and Badyal Balwinder K
Bought by
Pandher Satwant S and Pandher Gurjit S

Purchase Details

Closed on
Jun 14, 2010
Sold by
Pandher Satwant S and Pandher Sukminder K
Bought by
Badyal Mohinder S and Badyal Balwinder K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
4.91%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Project S24 Llc $2,250,000 Stewart Ttl Guaranty Co Com
Lombard Plaza Llc $380,000 First American Title Ins Co
Pandher Satwant Singh -- None Available
Pandher Satwant S -- Rainier Title
Pandher Gurjit S -- Rainier Title
Pandher Satwant S $260,280 Rainier Title
Badyal Mohinder S $260,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lombard Plaza Llc $164,000
Previous Owner Lombard Plaza Llc $883,000
Previous Owner Badyal Mohinder S $185,000
Previous Owner Pandher Satwant Singh $651,070
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2021 09/22/21 Sold $2,250,000 -4.3% --
07/27/2021 07/27/21 Pending -- -- --
06/22/2021 06/22/21 For Sale $2,350,000 -- --
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
2025 $3,796 $442,000 $262,000 $180,000
2024 $3,796 $442,000 $262,000 $180,000
2023 $3,979 $484,500 $240,000 $244,500
2022 $4,184 $457,000 $185,000 $272,000
2020 $4,692 $418,000 $152,000 $266,000
2019 $4,316 $387,000 $147,000 $240,000
2018 $4,125 $339,000 $103,700 $235,300
2017 $3,397 $278,000 $94,300 $183,700
2016 $3,103 $267,000 $88,900 $178,100
2015 $3,048 $247,000 $88,900 $158,100
2013 $3,216 $230,000 $82,300 $147,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1795857

Northwest Multiple Listing Service (NWMLS)

APN: 004390-740-019-02