Listed by RE/MAX Elite, Bought with Opal Blue Real Estate, LLC
NOT LISTED FOR SALE

Estimated Value: $767,000 - $886,274

4 Beds
2 Baths
3,149 Sq Ft
$265/Sq Ft Est. Value

Last Sold December 17, 2014

Last sale price $360,000 $114 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $4,956/month

14 Days on Market

Highlights

  • Views of a Sound
  • Wall to Wall Carpet
  • 5-minute walk to Doyle Park
  • Deck

About This Home

As of December 2014

Great cash flow with a 7% + CAP rate on this well maintained & fully rented 4-unit investment in the heart of N. Everett. 3 units in main building & separate small house in the back. This wonderful property has had updated plumbing, updated electrical, NEW roof being installed this month, many newer appliances & water heaters. PLUS, additional income available through storage rental. Close to shopping, Everett Community College, Everett Station, hospitals & more. Low vacancy w/long term tenants.

Last Agent to Sell the Property

Scott Comey

RE/MAX Elite License #98383 Listed on: 10/26/2014

RE/MAX Elite

Co-Listed By

Renee Comey

RE/MAX Elite License #26150

Last Buyer's Agent

Grant Fosheim

Opal Blue Real Estate, LLC License #21007243

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 710921

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,041

Year Built

  • Built in 1890

Lot Details

  • 6,098 Sq Ft Lot
  • Property is in average condition

Property Views

  • Views of a Sound
  • Territorial
  • Limited

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,149 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • North Everett Subdivision

Listing and Financial Details

  • Legal Lot and Block 21&22 / 769
  • Assessor Parcel Number 00439176902100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,041

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1890
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3149
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: Partial, Sound, Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 2025

Schools

  • Junior High Dist: Everett
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00439176902100
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 21&22

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 3050

Multi Family

  • Gross Scheduled Income: 36600
  • Net Operating Income: 28012
  • Number Of Units Total: 4
  • Electric Expense: 485
  • Insurance Expense: 1207
  • Leasable Area: 3149
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 5

Tax Info

  • Year: 2014
  • Tax Annual Amount: 3041

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2022
Sold by
Wadhwania and Shehnaz
Bought by
Smith Jeffrey A and Zheng Dongping
Current Estimated Value
$833,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$553,047
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$280,272

Purchase Details

Listed on
Oct 26, 2014
Closed on
Dec 1, 2014
Sold by
Tanner Patrick A and Tanner Gayle J
Bought by
Wadhwania Murad and Wadhwania Shehnaz
Seller's Agent
Scott Comey
RE/MAX Elite
Buyer's Agent
Grant Fosheim
Opal Blue Real Estate, LLC
List Price
$379,900
Sold Price
$360,000
Premium/Discount to List
-$19,900
-5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$270,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2006
Sold by
Deboer Kenneth and Deboer Kenneth G
Bought by
Tanner Patrick A and Tanner Gayle J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,400
Interest Rate
6.62%
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
Smith Jeffrey A $800,000 Chicago Title
Wadhwania Murad $360,000 Chicago Title
Tanner Patrick A $380,500 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Jeffrey A $600,000
Previous Owner Wadhwania Murad $270,000
Previous Owner Tanner Patrick A $304,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2014 12/17/14 Sold $360,000 -5.2% $114 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
10/26/2014 10/26/14 For Sale $379,900 -- $121 / 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 $6,458 $760,000 $304,000 $456,000
2024 $6,458 $752,000 $304,000 $448,000
2023 $5,912 $720,000 $285,000 $435,000
2022 $5,374 $587,000 $215,000 $372,000
2020 $5,927 $528,000 $179,000 $349,000
2019 $5,253 $471,000 $174,000 $297,000
2018 $4,855 $399,000 $123,500 $275,500
2017 $4,093 $335,000 $109,300 $225,700
2016 $3,603 $310,000 $103,100 $206,900
2015 $3,011 $244,000 $103,100 $140,900
2013 $3,090 $221,000 $95,500 $125,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 710921

Northwest Multiple Listing Service (NWMLS)

APN: 004391-769-021-00