Listed by Windermere Real Estate/M2, LLC, Bought with Realogics Sotheby's Int'l Rlty
NOT LISTED FOR SALE

3816 Wetmore Ave Unit 1-4 Everett, WA 98201

Port Gardner Neighborhood

Estimated Value: $1,218,000 - $1,354,000

8 Beds
4 Baths
4,032 Sq Ft
$315/Sq Ft Est. Value

Last Sold March 13, 2024

Last sale price $1,200,000 $298 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,711/month

5 Days on Market

Highlights

  • No HOA
  • Patio
  • Property is Fully Fenced
  • Thermal Windows
  • Baseboard Heating
  • Wall to Wall Carpet

About This Home

As of March 2024

Centrally located and well maintained 4plex sits on a quiet dead-end street with many single-family residential homes. Long term tenants with below market rents provide an opportunity to immediately increase cashflow. Interior finishes could be updated to maximize rents in the future. The 4 side-by-side townhouse style units have nice layouts. Each unit has a main floor with spacious living room, powder bath, dining room & kitchen with glass slider to a fenced in yard/patio. Upstairs each unit has 2 bedrooms, full bath, and in-unit laundry. The building has updated windows & newer roof. Quick access to I-5, downtown, restaurants, Starbucks, & the Everett Aquasox. Ample parking in front and back. Low maintenance grounds.

Last Agent to Sell the Property

Casey Price

Windermere Real Estate/M2, LLC License #96386 Listed on: 02/14/2024

Windermere Real Estate/M2, LLC

Last Buyer's Agent

Shannon Olcese

Realogics Sotheby's Int'l Rlty License #27655

Realogics Sotheby's Int'l Rlty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2199533

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,744

Year Built

  • Built in 1981

Lot Details

  • 6,534 Sq Ft Lot
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 4,032 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Additional Features

  • Patio
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00411300202400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,744

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1981
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4032
  • Special Features: None
  • Cumulative Days on Market: 340

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 4795

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00411300202400
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Patio
  • MLSLotSizeSource: Sno. Co. Assessor
  • MLSSquareFootageSource: Sno. Co. Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.87
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 6300

Multi Family

  • Gross Scheduled Income: 75600
  • Net Operating Income: 60987
  • Number Of Units Total: 4
  • Insurance Expense: 2074
  • Leasable Area: 4032
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7744

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
Mar 23, 2024
Sold by
Ludiro Oktavianus P and Ludiro Sofie
Bought by
Sky Quadplex 2 Llc
Seller's Agent
Casey Price
Windermere Real Estate/M2, LLC
Buyer's Agent
Shannon Olcese
Realogics Sotheby's Int'l Rlty
List Price
$1,200,000
Sold Price
$1,200,000
Views
12
Current Estimated Value
$1,268,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,850
Avg. Annual Appreciation
3.73%
Original Mortgage
$900,000
Outstanding Balance
$889,460
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$373,663

Purchase Details

Listed on
Feb 14, 2024
Closed on
Mar 6, 2024
Sold by
3816 Wetmore Ave Llc
Bought by
Ludiro Oktavianus P and Widyanto Sofie
Seller's Agent
Casey Price
Windermere Real Estate/M2, LLC
Buyer's Agent
Shannon Olcese
Realogics Sotheby's Int'l Rlty
List Price
$1,200,000
Sold Price
$1,200,000
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$889,460
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$373,663

Purchase Details

Closed on
Apr 19, 2021
Sold by
Price Casey F
Bought by
3816 Wetmore Ave Llc

Purchase Details

Closed on
Jan 26, 2021
Sold by
3816 Wetmore Ave Llc
Bought by
Price Casey F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2021
Sold by
Price Melanie G
Bought by
Price Casey R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2018
Sold by
Price Casey F
Bought by
3816 Wetmore Ave Llc

Purchase Details

Closed on
Feb 15, 2018
Sold by
Price Melanie G
Bought by
Price Casey F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2014
Sold by
Price Casey F
Bought by
3816 Wetmore Avenue Llc

Purchase Details

Closed on
Mar 4, 2014
Sold by
Thody Properties Ii Llc
Bought by
Price Casey F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2005
Sold by
Thody Ronald B and Thody Marita A
Bought by
Thody Properties Ii Llc
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
Sky Quadplex 2 Llc $313 None Listed On Document
Ludiro Oktavianus P $1,200,000 Chicago Title
3816 Wetmore Ave Llc -- None Available
Price Casey F -- Chicago Title Company Of Wa
Price Casey R -- Chicago Title Company Of Wa
3816 Wetmore Ave Llc -- None Available
Price Casey F -- Wfg National Title
Price Casey F -- Wfg Natl Title
3816 Wetmore Avenue Llc -- None Available
Price Casey F $399,000 Cw Title
Thody Properties Ii Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ludiro Oktavianus P $900,000
Previous Owner Price Casey F $630,000
Previous Owner Price Casey F $455,000
Previous Owner Price Casey F $299,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2024 03/13/24 Sold $1,200,000 0.0% $298 / Sq Ft
02/19/2024 02/19/24 Pending -- -- --
02/14/2024 02/14/24 For Sale $1,200,000 -- $298 / 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 $8,434 $998,000 $305,200 $692,800
2024 $8,434 $982,000 $305,200 $676,800
2023 $7,744 $943,000 $281,600 $661,400
2022 $7,315 $799,000 $209,400 $589,600
2020 $7,835 $698,000 $166,500 $531,500
2019 $6,949 $623,000 $155,100 $467,900
2018 $6,267 $515,000 $125,000 $390,000
2017 $5,290 $433,000 $114,600 $318,400
2016 $4,614 $397,000 $108,200 $288,800
2015 $4,578 $371,000 $108,200 $262,800
2013 $4,712 $337,000 $100,100 $236,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2199533

Northwest Multiple Listing Service (NWMLS)

APN: 004113-002-024-00