Listed by Westlake Associates, Inc., Bought with Better Properties NW
NOT LISTED FOR SALE

Estimated Value: $1,312,000 - $1,789,622

8 Beds
8 Baths
3,900 Sq Ft
$388/Sq Ft Est. Value

Last Sold July 09, 2020

Last sale price $1,130,000 $290 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $9,074/month

10 Days on Market

Highlights

  • 0.38 Acre Lot
  • Vinyl Flooring
  • 1-Story Property
  • Wood Siding

About This Home

As of July 2020

The well-maintained fourplex is conveniently located near I-5, the future Lynnwood light rail station, and many other local attractions. This core plus deal will allow the new buyer to capture a 15% lift in rents by adding washer and dryers in the one bedroom units along with implementing utility bill back. There are 10 off street parking spaces and 2 garages that are available for the tenants.

Last Agent to Sell the Property

Reid Jones

Westlake Associates, Inc. License #87080 Listed on: 05/12/2020

Last Buyer's Agent

Matthew Miller

Better Properties NW License #24654

Better Properties NW

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1600177

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,555

Year Built

  • Built in 1991

Lot Details

  • 0.38 Acre Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,900 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Parking

  • 12 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Community Details

  • Lynnwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02446

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,555

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1991
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3900
  • Special Features: None
  • Cumulative Days on Market: 360

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Available
  • Heating Yn: Yes
  • Utilities: Electric
  • WaterSewerGarbage: 3094

Schools

  • Junior High Dist: Snohomish

Lot Info

  • Parcel Number: 02446
  • Lot Size Acres: 0.38
  • Lot Size: 16552
  • Lot Size Sq Ft: 16552
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: 16552
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 6010

Multi Family

  • Gross Scheduled Income: 71520
  • Net Operating Income: 50006
  • Number Of Units Total: 4
  • Insurance Expense: 2714
  • Leasable Area: 3900
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2019
  • Tax Annual Amount: 7555

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2021
Sold by
Sumiko Taku
Bought by
3209Lynnwood Llc
Current Estimated Value
$1,513,156

Purchase Details

Closed on
Feb 18, 2021
Sold by
Taku Hirae
Bought by
Taku Sumiko

Purchase Details

Listed on
May 12, 2020
Closed on
Jul 7, 2020
Sold by
Neale Derek
Bought by
Taku Hirae
Seller's Agent
Reid Jones
Westlake Associates, Inc.
Buyer's Agent
Matthew Miller
Better Properties NW
List Price
$1,095,000
Sold Price
$1,130,000
Premium/Discount to List
$35,000
3.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$847,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 12, 2020
Closed on
Jun 25, 2020
Sold by
209 204Th St Lynnwood Llc
Bought by
Taku Sumiko and Taku Hirae
Seller's Agent
Reid Jones
Westlake Associates, Inc.
Buyer's Agent
Matthew Miller
Better Properties NW
List Price
$1,095,000
Sold Price
$1,130,000
Premium/Discount to List
$35,000
3.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$847,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2020
Sold by
Gadd Reshma S and Gadd Jonathan D
Bought by
3209 204Th St Sw Lynnwood Llc

Purchase Details

Listed on
Aug 17, 2018
Closed on
Sep 18, 2018
Sold by
Kulina Charles M
Bought by
Gadd Jonathan D and Gadd Reshma S
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Kathi Kelly-Billings
Redfin
List Price
$1,050,000
Sold Price
$1,015,000
Premium/Discount to List
-$35,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$712,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2008
Sold by
Nwizugbo Prisca O and Nwizugbo Martin E
Bought by
Kulina Charles M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,450
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 31, 2006
Sold by
Castleberry Llc
Bought by
Nwizugbo Martin E and Nwizugbo Prisca O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,600
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 11, 2000
Sold by
Sundquist Clifford A and Sundquist Laura B
Bought by
Castleberry Llc

Purchase Details

Closed on
Nov 14, 1997
Sold by
Zimmerman Robert A and Zimmerman Deanna D
Bought by
City Of Arlington
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
3209Lynnwood Llc $313 Pc Law Associates
Taku Sumiko $185,000 None Available
Taku Hirae -- Chicago Title
Taku Sumiko $1,130,000 Chicago Title
3209 204Th St Sw Lynnwood Llc -- None Available
Gadd Jonathan D $1,015,000 Fidelity National Title
Kulina Charles M $600,000 First American Title Ins Co
Nwizugbo Martin E $502,000 Chicago Title
Castleberry Llc -- Chicago Title Insurance Co
City Of Arlington $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taku Sumiko $847,500
Previous Owner Gadd Jonathan D $712,500
Previous Owner Kulina Charles M $523,491
Previous Owner Kulina Charles M $517,450
Previous Owner Nwizugbo Martin E $401,600
Previous Owner Nwizugbo Martin E $50,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2020 07/09/20 Sold $1,130,000 +3.2% $290 / Sq Ft
05/22/2020 05/22/20 Pending -- -- --
05/12/2020 05/12/20 For Sale $1,095,000 +7.9% $281 / Sq Ft
10/12/2018 10/12/18 Sold $1,015,000 -3.3% $214 / Sq Ft
08/21/2018 08/21/18 Pending -- -- --
08/17/2018 08/17/18 For Sale $1,050,000 -- $222 / 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 $9,944 $1,225,200 $565,000 $660,200
2024 $9,944 $1,160,200 $500,000 $660,200
2023 $9,128 $1,106,600 $500,000 $606,600
2022 $10,059 $1,003,000 $296,000 $707,000
2020 $8,032 $698,700 $345,000 $353,700
2019 $7,079 $630,600 $290,000 $340,600
2018 $7,377 $580,000 $255,000 $325,000
2017 $6,200 $502,700 $200,000 $302,700
2016 $5,470 $443,300 $175,000 $268,300
2015 $5,549 $427,800 $167,000 $260,800
2013 $4,704 $342,400 $122,000 $220,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1600177

Northwest Multiple Listing Service (NWMLS)

APN: 003726-011-013-14