NOT LISTED FOR SALE

3525 Nicholson Rd Vancouver, WA 98661

Bagley Downs Neighborhood

Estimated Value: $607,000 - $857,000

15 Beds
15 Baths
35,980 Sq Ft
$20/Sq Ft Est. Value

Last Sold June 04, 2020

Last sale price $7,500,000 $208 Per Sq Ft

Current estimated payment $4,610/month

16 Days on Market

Highlights

  • New Construction
  • Cul-De-Sac
  • Garage
  • Private Lot
  • Views
  • Washer and Dryer

About This Home

As of June 2020

Turn-key investment portfolio of 25 units in Central Vancouver. Located in an Opportunity Zone. Approved for Vancouver Multi-Family Tax Exemption. Quality finishes including in each unit: slab counters in kitchen and master bath, luxury vinyl plank flooring, stainless steel appliances, and central air conditioning. Most units have 2-car garages. CAP Rate approximately 4.8%. Now fully stabilized with 100% occupancy.

Last Agent to Sell the Property

Patrick Ginn

Ginn Group License #24353 Listed on: 03/16/2020

Last Buyer's Agent

Ian Hopper

Keller Williams Realty Professionals License #134422

Keller Williams Realty Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,201

Year Built

  • Built in 2019 | New Construction

Lot Details

  • Cul-De-Sac
  • Private Lot

Parking

  • Garage

Home Design

  • Slab Foundation
  • Lap Siding
  • Cement Siding

Interior Spaces

  • 2-Story Property
  • Window Treatments
  • Crawl Space
  • Dishwasher
  • Washer and Dryer
  • Property Views

Utilities

  • Electric Water Heater

Community Details

  • 25 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,201

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Sq Ft Approximate Building Total: 35980
  • Stories: 2
  • Year Built: 2019
  • Property Condition: New Construction
  • Remarks Public: Turn-key investment portfolio of 25 units in Central Vancouver. Located in an Opportunity Zone. Approved for Vancouver Multi-Family Tax Exemption. Quality finishes including in each unit: slab counters in kitchen and master bath, luxury vinyl plank flooring, stainless steel appliances, and central air conditioning. Most units have 2-car garages. CAP Rate approximately 4.8%. Now fully stabilized with 100% occupancy.
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: NICHOLSON LOT 3 312021
  • Basement: Crawl Space

Exterior Features

  • Exterior Description: Lap Siding, Cement Siding
  • Lot Size: 1 to 2.99 Acres
  • Roof Type: Composition
  • View: Trees/Woods
  • Foundation Details: Slab
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Garage

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Cooling Description: Central Air
  • Heating Description: Heat Pump

Condo/Co-op/Association

  • Unit Features: Dishwasher, Refrigerator, Washer/Dryer, Window Coverings

Schools

  • Elementary School: Roosevelt
  • Middle School: McLoughlin
  • High School: Fort Vancouver

Lot Info

  • Lot Description: Cul-de-sac, Private
  • Zoning: R-18

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Amount: 15192.00
  • Tax Deferral Desc: Vancouver MFTE
  • Tax Deferral: Yes
  • Assessor Parcel Number: 986049994
  • Tax Year: 2019

Multi Family

  • Unit Type: 1, 2, 3, 4, 5
  • Number Of Units Total: 25
  • Gross Rent Multiplier: 17.92

MLS Schools

  • Elementary School: Roosevelt
  • High School: Fort Vancouver
  • Middle School: McLoughlin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2020
Closed on
Jun 2, 2020
Sold by
Nicholson Ozone Llc
Bought by
Mccarty Phila Nicholson Llc
Seller's Agent
Patrick Ginn
Ginn Group
Buyer's Agent
Ian Hopper
Keller Williams Realty Professionals
List Price
$8,250,000
Sold Price
$7,500,000
Premium/Discount to List
-$750,000
-9.09%
Current Estimated Value
$735,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,764,053
Avg. Annual Appreciation
-35.55%
Original Mortgage
$4,294,000
Outstanding Balance
$3,854,652
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
-$3,097,237

Purchase Details

Closed on
Mar 12, 2019
Sold by
Dwp General Contracting Inc
Bought by
Nicholson Ozone Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
4.4%
Mortgage Type
Construction
Source: Public Records

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
Mccarty Phila Nicholson Llc $7,500,000 Fidelity Natioanl Title
Nicholson Ozone Llc $1,725,000 Fidelity Natl Ttl Vancouver
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccarty Phila Nicholson Llc $4,294,000
Previous Owner Nicholson Ozone Llc $5,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2020 06/04/20 Sold $7,500,000 -9.1% $208 / Sq Ft
04/01/2020 04/01/20 Pending -- -- --
03/16/2020 03/16/20 For Sale $8,250,000 -- $229 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $7,201 $702,202 $136,250 $565,952
2024 $6,437 $737,837 $136,250 $601,587
2023 $6,084 $688,784 $136,250 $552,534
2022 $5,430 $653,395 $136,250 $517,145
2021 $4,808 $543,191 $115,000 $428,191
2020 $1,662 $453,242 $116,000 $337,242
2019 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Ginn

    Seller's Agent in 2020

    Patrick Ginn

    Ginn Group

    (360) 768-5048

    22 Total Sales

    Patrick Ginn
    Section Image

  • I

    Buyer's Agent in 2020

    Ian Hopper

    Keller Williams Realty Professionals

    (503) 407-9719

    19 Total Sales

    Ian Hopper
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20487571

Regional Multiple Listing Service (RMLS)

APN: 986049-994

Washington Clark County Vancouver 98661 Bagley Downs

3525 Nicholson Rd, Vancouver, WA

This home is located at 3525 Nicholson Rd, Vancouver, WA 98661 since 16 March 2020 and is currently estimated at $735,947, approximately $20 per square foot. This property was built in 2019. 3525 Nicholson Rd is a home located in Clark County with nearby schools including Roosevelt Elementary School, McLoughlin Middle School, and Fort Vancouver High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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