Listed by Windermere Real Estate Whatcom, Bought with Kelly Right RE of Seattle LLC
NOT LISTED FOR SALE

Estimated Value: $554,000 - $941,124

5 Beds
2 Baths
2,773 Sq Ft
$274/Sq Ft Est. Value

Last Sold March 19, 2018

Last sale price $500,000 $180 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,456/month

3 Days on Market

Highlights

  • RV Access or Parking
  • Ceramic Tile Flooring
  • Property is Fully Fenced
  • Deck
  • Dog Run
  • Wood Siding

About This Home

As of March 2018

Attention Investors! Clean updated duplex with brand new roof + bonus unit mobile home in back, on large lot zoned for potential to build additional units! Duplex units have been recently updated w/new cabinetry, flooring, fixtures, paint, trim, some appliances, landscaping & more! Unit A is 2bd/1ba, Unit B is 3bd/1ba; both have W/D. Mobile home has 3bd/1ba with W/D, updated bathrm & more. Tons of parking! Near schools! 6.7% Cap Rate! Rental income of $3300/mo. Seize this excellent opportunity!

Last Agent to Sell the Property

Joshua Shiflett

Windermere Real Estate Whatcom License #24084 Listed on: 03/01/2018

Windermere Real Estate Whatcom

Last Buyer's Agent

Magali Jaenz

Kelly Right RE of Seattle LLC License #75554

Kelly Right RE of Seattle LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1252043

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,208

Year Built

  • Built in 1979

Lot Details

  • 0.34 Acre Lot
  • Dog Run
  • Property is Fully Fenced

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,773 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 7 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Cable TV Available

Community Details

  • Everett Mall Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00535300001501

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,208

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2773
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: Mukilteo Water & Wastewater District
  • WaterCompany: Mukilteo Water & Wastewater District
  • WaterSewerGarbage: 2400

Schools

  • Junior High Dist: Mukilteo

Lot Info

  • Parcel Number: 00535300001501
  • Lot Size Acres: 0.34
  • Lot Size: Approx 75x197
  • Lot Size Sq Ft: 14810
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Dog Run,Fenced-Fully,Outbuildings,RV Parking
  • MLSLotSizeSource: Assessor
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 3300

Multi Family

  • Gross Scheduled Income: 39600
  • Net Operating Income: 32692
  • Number Of Units Total: 3
  • Insurance Expense: 1300
  • Leasable Area: 2773
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 3208

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2018
Closed on
Mar 14, 2018
Sold by
Gill Gurmit S and Gill Juliet A
Bought by
Danys Property Maintenance Llc
Seller's Agent
Joshua Shiflett
Windermere Real Estate Whatcom
Buyer's Agent
Magali Jaenz
Kelly Right RE of Seattle LLC
List Price
$485,000
Sold Price
$500,000
Premium/Discount to List
$15,000
3.09%
Current Estimated Value
$760,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,781
Avg. Annual Appreciation
5.49%
Original Mortgage
$400,000
Outstanding Balance
$345,219
Interest Rate
4.22%
Mortgage Type
New Conventional
Estimated Equity
$402,593

Purchase Details

Closed on
Aug 28, 2006
Sold by
Canfield Jones Property Llc Iv
Bought by
Gill Gurmit S and Gill Juliet K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,950
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2006
Sold by
Jones Melissa Canfield and Jones Richard D
Bought by
Canfield Jones Property Llc Iv

Purchase Details

Closed on
Nov 28, 2005
Sold by
Salazar Joyce and Lott Joy L
Bought by
Jones Richard D and Jones Melissa M Canfield

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,800
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 21, 1999
Sold by
Salazar Eloy and Salazar Joyce
Bought by
Salazar Matthew

Purchase Details

Closed on
Apr 26, 1996
Sold by
Schwiger Brian D and Schwiger Lorreta L
Bought by
Salazar Eloy L and Salazar Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,935
Interest Rate
7.84%
Mortgage Type
FHA
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
Danys Property Maintenance Llc $500,000 Chicago Title
Gill Gurmit S $379,950 Chicago Title Insurance Co
Canfield Jones Property Llc Iv -- None Available
Jones Richard D $268,550 Chicago Title
Salazar Matthew -- --
Salazar Eloy L $147,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Danys Property Maintenance Llc $400,000
Previous Owner Gill Gurmit S $360,950
Previous Owner Jones Richard D $214,800
Previous Owner Salazar Eloy L $142,935
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2018 03/19/18 Sold $500,000 +3.1% $180 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
03/01/2018 03/01/18 For Sale $485,000 -- $175 / 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 $5,078 $609,200 $401,800 $207,400
2024 $5,078 $579,800 $372,400 $207,400
2023 $5,248 $628,500 $387,100 $241,400
2022 $5,062 $513,500 $265,800 $247,700
2020 $4,379 $431,400 $213,400 $218,000
2019 $3,867 $379,900 $184,300 $195,600
2018 $3,425 $290,800 $157,100 $133,700
2017 $3,138 $271,400 $141,600 $129,800
2016 $2,924 $250,000 $123,200 $126,800
2015 $2,881 $225,300 $113,500 $111,800
2013 $2,356 $169,500 $85,400 $84,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1252043

Northwest Multiple Listing Service (NWMLS)

APN: 005353-000-015-01