NOT LISTED FOR SALE

Estimated Value: $645,000 - $748,000

5 Beds
3 Baths
1,907 Sq Ft
$360/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $400,000 $210 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,246/month

12 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • High Speed Internet
  • Deck
  • Thermal Windows
  • Wood Siding

About This Home

As of July 2018

Investment pencils over 7.4% cap plus zoned highrise 65feet R-5! 3 units rented under market, plus double 16x16 garage, potential extra $100pm. Kitchens & Baths have been updated over the years. New roof/exterior paint in 2012. shared coin-op laundry. Close to downtown, Hockey Stadium, frwy, shops, buses, & schools. Awesome management company. Grounds well maintained. very little turn over. current rents listed, income is market rents +$100 storage rental. Drivebys only do not disturb renters

Last Listed By

Fiona Westby

Coldwell Banker Bain License #44920 Listed on: 05/25/2018

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1297578

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,602

Year Built

  • Built in 1905

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 119 x 32 x 119 x 33
  • Property is in good condition

Home Design

  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,907 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Mountain Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Jackson Elementary School
  • North Mid Middle School
  • Everett High School

Additional Features

  • Deck
  • High Speed Internet

Community Details

  • Everett Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 00439076402200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,602

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1905
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1907
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: VirtualTour
  • Cumulative Days on Market: 278

Interior Features

  • Possible Use: Multi-Family, See Remarks
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Pillar
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Snoh Co PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 2382

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Everett
  • High School: Everett High
  • Middle Or Junior School: North Mid

Lot Info

  • Parcel Number: 00439076402200
  • Lot Size Acres: 0.1
  • Lot Size: 119 x 32 x 119 x 33
  • Lot Size Sq Ft: 4356
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,See Remarks
  • LotNumber: 22

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 2696

Multi Family

  • Gross Scheduled Income: 35940
  • Net Operating Income: 24016
  • Number Of Units Total: 4
  • Electric Expense: 1410
  • Insurance Expense: 950
  • Leasable Area: 1907
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 3602

MLS Schools

  • Elementary School: Jackson Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2018
Closed on
Jul 16, 2018
Sold by
Lucky Lombard Llc
Bought by
Lombard Ave Investments Llc
Seller's Agent
Fiona Westby
Coldwell Banker Bain
Buyer's Agent
Gordy Lindstrom
HomeSmart One Realty
List Price
$374,500
Sold Price
$400,000
Premium/Discount to List
$25,500
6.81%
Total Days on Market
12
Current Estimated Value
$686,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,918
Avg. Annual Appreciation
8.24%
Original Mortgage
$280,000
Outstanding Balance
$245,685
Interest Rate
4.6%
Mortgage Type
Commercial
Estimated Equity
$441,233

Purchase Details

Closed on
Jan 31, 2005
Sold by
Hill James E and Hill Barbara G
Bought by
Lucky Lombard Llc

Purchase Details

Closed on
Apr 12, 2004
Sold by
Cross Eugene R and Cross Charlene A
Bought by
Hill James E and Hill Barbara G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2002
Sold by
Halligan Daniel and Halligan Marcy
Bought by
Cross Eugene R and Cross Charlene A

Purchase Details

Closed on
Feb 18, 2000
Sold by
Iseman Jon and Iseman Tracey
Bought by
Halligan Daniel and Halligan Marcy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,750
Interest Rate
8.26%

Purchase Details

Closed on
Jan 17, 1995
Sold by
Cross Eugene R and Cross Charlene A
Bought by
Iseman Jon and Iseman Tracey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
9.16%
Mortgage Type
Seller Take Back

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
Lombard Ave Investments Llc $400,000 First American Title Insuran
Lucky Lombard Llc $11,235 --
Hill James E $221,000 Lawyers Title Agency Of Wash
Cross Eugene R -- --
Halligan Daniel $149,950 First American Title Co
Iseman Jon $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lombard Ave Investments Llc $280,000
Previous Owner Hill James E $176,800
Previous Owner Halligan Daniel $126,750
Previous Owner Iseman Jon $92,000
Closed Halligan Daniel $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2018 07/31/18 Sold $400,000 +6.8% $210 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $374,500 -- $196 / 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 $4,809 $575,000 $283,000 $292,000
2024 $4,809 $560,000 $283,000 $277,000
2023 $4,434 $540,000 $262,500 $277,500
2022 $4,074 $445,000 $200,000 $245,000
2020 $4,434 $395,000 $165,500 $229,500
2019 $3,937 $353,000 $160,500 $192,500
2018 $3,602 $296,000 $107,000 $189,000
2017 $3,042 $249,000 $96,400 $152,600
2016 $2,627 $226,000 $90,900 $135,100
2015 $2,616 $212,000 $90,900 $121,100
2013 $2,713 $194,000 $84,200 $109,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1297578

Northwest Multiple Listing Service (NWMLS)

APN: 004390-764-022-00