NOT LISTED FOR SALE

3617 W Mukilteo Blvd Everett, WA 98203

Boulevard Bluffs Neighborhood

Estimated Value: $1,356,000 - $1,718,174

8 Beds
6 Baths
5,940 Sq Ft
$272/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $1,475,000 $248 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $9,958/month

9 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • Wood Siding
  • Mukilteo Elementary School Rated A-
  • Ceramic Tile Flooring
  • 2-minute walk to Edgewater Park

About This Home

As of December 2021

Located on scenic Mukilteo Blvd, the property a rare multi-family property surrounded by upscale homes. Nearby homes on Shore Ave are valued between $1.5-5.0 million. The property is comprised of 2 well-maintained, very large 2-bedroom units at 1,188 square feet, and 2 very large 3-bedroom units at 1,782 square feet, some unit with water views. All apartments come with 2 parking spaces and a storage unit. The building offers investors the unique flexibility to own an income-producing property with the ability to increase cash flow by boosting rents to market rate, or to live in one of the house-sized units, and use the rental income to pay down their mortgage. Pre-inspection available. Rents are under market, listed rents are proforma.

Last Listed By

Jeff Ayers

Ayers Commercial Group License #23034388 Listed on: 11/03/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1861158

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,847

Year Built

  • Built in 1983

Lot Details

  • 0.28

Property Views

  • Views of a Sound
  • Limited Views

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,940 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • 0.28 Acre Lot

Community Details

  • Edgewater Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00433600002602

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,847

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1983
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5940
  • Special Features: None
  • Cumulative Days on Market: 257

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Partial, Sound
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3352

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00433600002602
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12197
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Snohomish County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 8800

Multi Family

  • Gross Scheduled Income: 105600
  • Net Operating Income: 89733
  • Number Of Units Total: 4
  • Insurance Expense: 1500
  • Leasable Area: 5940
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7847

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2021
Closed on
Dec 14, 2021
Sold by
Gardner Wendy Bohn and Featherstone Tara K
Bought by
Patel Nikhil M and Rane Swaroop
Seller's Agent
Jeff Ayers
Ayers Commercial Group
Buyer's Agent
Reid Jones
Westlake Associates, Inc.
List Price
$1,663,200
Sold Price
$1,475,000
Premium/Discount to List
-$188,200
-11.32%
Total Days on Market
9
Current Estimated Value
$1,616,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,044
Avg. Annual Appreciation
2.19%
Original Mortgage
$1,032,500
Outstanding Balance
$966,316
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$621,646

Purchase Details

Closed on
Sep 5, 2003
Sold by
The Jerome W & Carol A Nielsen Family Lp
Bought by
Nielsen Jerome W and Nielsen Carol A

Purchase Details

Closed on
Dec 20, 2002
Sold by
Nielsen Jerome W and Nielsen Carol A
Bought by
Jerome W & Carol A Nielsen Family Ltd Pa

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
Patel Nikhil M $1,475,000 Chicago Title
Nielsen Jerome W -- --
Jerome W & Carol A Nielsen Family Ltd Pa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Nikhil M $1,032,500
Previous Owner Nielsen Carol A $276,200
Previous Owner Nielsen Carol A $297,875
Previous Owner Nielsen Jerome W $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $1,475,000 -11.3% $248 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
11/03/2021 11/03/21 For Sale $1,663,200 -- $280 / 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 $11,980 $1,511,000 $372,400 $1,138,600
2024 $11,980 $1,511,000 $383,300 $1,127,700
2023 $11,396 $1,474,000 $372,500 $1,101,500
2022 $10,603 $1,187,000 $339,800 $847,200
2020 $6,360 $710,000 $399,800 $310,200
2019 $6,346 $720,000 $237,700 $482,300
2018 $7,355 $720,000 $287,100 $432,900
2017 $6,011 $600,000 $136,100 $463,900
2016 $5,875 $580,000 $130,700 $449,300
2015 $6,046 $540,000 $130,700 $409,300
2013 $6,216 $520,000 $136,100 $383,900
Source: Public Records

Agents Affiliated with this Home

  • Jeff Ayers

    Seller's Agent in 2021

    Jeff Ayers

    Ayers Commercial Group

    (425) 275-2406

    2 in this area

    11 Total Sales

    Jeff Ayers
    Section Image
  • Reid Jones

    Buyer's Agent in 2021

    Reid Jones

    Westlake Associates, Inc.

    (206) 250-9655

    1 in this area

    20 Total Sales

    Reid Jones
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1861158

Northwest Multiple Listing Service (NWMLS)

APN: 004336-000-026-02

Washington Snohomish County Everett 98203 Boulevard Bluffs

3617 W Mukilteo Blvd, Everett, WA

Homes for Sale in Everett, WA

This home is located at 3617 W Mukilteo Blvd, Everett, WA 98203 since 03 November 2021 and is currently estimated at $1,616,044, approximately $272 per square foot. This property was built in 1983. 3617 W Mukilteo Blvd is a home located in Snohomish County with nearby schools including Mukilteo Elementary School, Olympic View Middle School, and Kamiak 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.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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