NOT LISTED FOR SALE

Estimated Value: $518,000 - $611,075

6 Beds
6 Baths
1,576 Sq Ft
$368/Sq Ft Est. Value

Last Sold August 19, 2020

Last sale price $345,000 $219 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,511/month

110 Days on Market

About This Home

As of August 2020

This quaint 1911 triplex offers a great investment opportunity for a qualified investor looking for upside. The building provides great upside or potential development on a corner lot all within a 1/4 mile of downtown Everett. All units are fully occupied with rents below market. On current rents, an investor can expect 5% Cap, and with modest rent increases one could easily realize an 8.5 CAP!

Last Agent to Sell the Property

Ted Wood

Capstone Commercial License #131981 Listed on: 04/01/2020

Co-Listed By

Patrick Riley

Capstone Commercial License #112448

Last Buyer's Agent

Ted Wood

Capstone Commercial License #131981 Listed on: 04/01/2020

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1597694

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,919

Year Built

  • Built in 1901

Lot Details

  • 5,662

Home Design

  • Triplex
  • Composition Roof

Parking

  • 6 Parking Spaces
  • Open Parking

Additional Features

  • 2-Story Property
  • 5,662 Sq Ft Lot

Community Details

  • Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00437582501700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,919

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1901
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 425

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 2700

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00437582501700
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5662
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: assessor
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2350

Multi Family

  • Gross Scheduled Income: 28200
  • Net Operating Income: 17713
  • Number Of Units Total: 3
  • Insurance Expense: 1200
  • Leasable Area: 1576
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2020
  • Tax Annual Amount: 2919

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2020
Closed on
Aug 18, 2020
Sold by
Stiger Thomas M and Stiger Rose Marie
Bought by
Rucker Haus Properties Llc
Seller's Agent
Ted Wood
Capstone Commercial
Buyer's Agent
Ted Wood
Capstone Commercial
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%
Current Estimated Value
$579,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,286
Avg. Annual Appreciation
10.97%
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
Rucker Haus Properties Llc $345,000 Rainier Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2020 08/19/20 Sold $345,000 -1.4% $219 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $350,000 0.0% $222 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $350,000 0.0% $222 / Sq Ft
06/06/2020 06/06/20 Pending -- -- --
04/01/2020 04/01/20 For Sale $350,000 -- $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 $4,073 $493,500 $304,000 $189,500
2024 $4,073 $474,300 $304,000 $170,300
2023 $3,574 $435,200 $280,000 $155,200
2022 $3,295 $359,900 $210,000 $149,900
2020 $2,920 $260,100 $176,400 $83,700
2019 $2,814 $252,300 $171,200 $81,100
2018 $2,677 $220,000 $124,500 $95,500
2017 $2,358 $193,000 $113,200 $79,800
2016 $2,022 $174,000 $106,800 $67,200
2015 $2,024 $164,000 $106,800 $57,200
2013 $2,083 $149,000 $98,900 $50,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1597694

Northwest Multiple Listing Service (NWMLS)

APN: 004375-825-017-00