Listed by Muljat Group, Bought with Global Referral Group, LLC
NOT LISTED FOR SALE
4 Beds
6 Baths
3,784 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: December 19, 2023

Last sale price $875,000 $231 Per Sq Ft

7 Days on Market

Highlights

  • River View
  • No HOA
  • Wood Siding
  • Corner Lot
  • Baseboard Heating

About This Home

As of December 2023

Well maintained 7-unit apartment building walking distance to downtown Mount Vernon. The property sits prominently on the high part of the street with very nice curb appeal. The building holds three studios and four 1-bed/1-baths with a unique mix of layouts. Four units feature large private balconies which mostly overlook downtown and the Skagit river. Fully occupied by tenants who enjoy the Victorian stye architecture, off-street parking, alley access, and location on the main bus line. Building systems are a mix of old, updated, and new with most of the systems having been upgraded over time. A great income producing property for first time investors or an easy addition to any portfolio!

Last Agent to Sell the Property

Troy Muljat

Muljat Group License #2199 Listed on: 10/20/2023

Muljat Group

Last Buyer's Agent

David Moody

Global Referral Group, LLC License #29923

Global Referral Group, LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2173191

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,644

Year Built

  • Built in 1914

Lot Details

  • 6,970 Sq Ft Lot
  • Corner Lot

Parking

  • Open Parking

Property Views

  • River
  • City
  • Limited

Home Design

  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,784 Sq Ft Home
  • 3-Story Property

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Mount Vernon Subdivision

Listing and Financial Details

  • Assessor Parcel Number P26599

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,644

Year Built

Built in 1914

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1914
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 3784
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • View: City, Partial, River
  • Lot Features: Alley, Corner Lot, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mount Vernon

Lot Info

  • Parcel Number: P26599
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6970
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 9.14
  • LeasedItems: None
  • TotalMonthlyIncome: 108840

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7644

Multi Family

  • Number Of Units Total: 7
  • Electric Expense: 2450
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
Dec 18, 2023
Sold by
Bought by
Seller's Agent
Troy Muljat
Muljat Group
Buyer's Agent
David Moody
Global Referral Group, LLC
List Price
$995,000
Sold Price
$875,000
Premium/Discount to List
-$120,000
-12.06%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$572,071
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 21, 2019
Closed on
Jun 5, 2019
Sold by
Bought by
Seller's Agent
John Whitney
NextHome Preview Properties
Buyer's Agent
Miguel Brionez
RE/MAX Whatcom County, Inc.
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.42%

Purchase Details

Closed on
Nov 21, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
May 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.74%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Mount Vernon, WA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$875,000 Chicago Title
$660,000 Chicago Title
-- None Available
$435,000 Chicago Title Company Island
$325,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $700,000
Previous Owner $348,000
Previous Owner $260,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/19/2023 12/19/23 Sold $875,000 -12.1% $231 / Sq Ft
10/27/2023 10/27/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $995,000 +50.8% $263 / Sq Ft
06/10/2019 06/10/19 Sold $660,000 +1.5% $174 / Sq Ft View Prior Sale
05/27/2019 05/27/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $650,000 -- $172 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,125 $815,700 $414,700 $401,000
2024 $7,848 $767,700 $390,300 $377,400
2023 $7,848 $767,700 $390,300 $377,400
2022 $8,656 $738,100 $390,300 $347,800
2021 $8,102 $738,100 $390,300 $347,800
2020 $7,292 $642,700 $0 $0
2019 $5,107 $562,400 $0 $0
2018 $6,486 $446,000 $0 $0
2017 $5,777 $436,000 $0 $0
2016 $5,833 $391,700 $170,000 $221,700
2015 $4,879 $391,700 $170,000 $221,700
2013 $4,855 $315,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2173191

Northwest Multiple Listing Service (NWMLS)
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