Listed by Windermere Real Estate/M2, LLC, Bought with Realty One Group Orca
NOT LISTED FOR SALE

4430 148th St SW Lynnwood, WA 98087

Estimated Value: $942,000 - $1,156,234

4 Beds
6 Baths
2,986 Sq Ft
$353/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $950,000 $318 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,158/month

5 Days on Market

Highlights

  • 0.55 Acre Lot
  • No HOA
  • Open Space
  • Territorial View
  • Patio
  • Forced Air Heating System

About This Home

As of May 2023

This duplex is the perfect opportunity for those looking for a clean and comfortable home in Lynnwood. Each of the two units has 1,493 sqft., 2 bedrooms and 2.5 bathrooms. Long term tenant in one unit, and the other is perfect for an owner-user or another tenant! The home boasts a beautiful backyard, a bright main living area, and a spacious kitchen, plus a family room with warm fireplace. This home has gas heating and gas hot water! Upper level includes 2 primary suites, each with their own full Bathroom. Located in North Lynnwood, this duplex offers convenient access to local amenities, including shops, restaurants, and entertainment. The property is perfect for those seeking an ideal combination of comfort, space, and convenience.

Last Agent to Sell the Property

Joe Mustach

Windermere Real Estate/M2, LLC License #10020 Listed on: 04/13/2023

Windermere Real Estate/M2, LLC

Co-Listed By

Lindsay Jackson

Windermere Real Estate/M2, LLC License #106193

Last Buyer's Agent

Florence Bohn

Realty One Group Orca License #140401

Realty One Group Orca

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2055668

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,596

Year Built

  • Built in 1990

Lot Details

  • 0.55 Acre Lot
  • Open Space

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,986 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Beverly Elementary School
  • Meadowdale Mid Middle School
  • Meadowdale High School

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Meadowdale Condos
  • Lynnwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00513700007706

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,596

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1990
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Meadowdale
  • New Construction: No
  • CalculatedSquareFootage: 2986
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Open Space, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • WaterSewerGarbage: 1800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds
  • High School: Meadowdale High
  • Middle Or Junior School: Meadowdale Mid

Lot Info

  • Parcel Number: 00513700007706
  • Lot Size Acres: 0.55
  • Lot Size Sq Ft: 23958
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Residential

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17.7
  • LeasedItems: None
  • TotalMonthlyIncome: 4450

Multi Family

  • Gross Scheduled Income: 53400
  • Net Operating Income: 41340
  • Number Of Units Total: 2
  • Insurance Expense: 1164
  • Leasable Area: 2986
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7596

MLS Schools

  • Elementary School: Beverly Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2023
Sold by
Buttar Birpal and Buttar Manvinder
Bought by
Beam 2023-4430 148Th St Sw Lynnwood Llc
Current Estimated Value
$1,054,059

Purchase Details

Listed on
Apr 13, 2023
Closed on
May 1, 2023
Sold by
Moore Carol A
Bought by
Buttar Birpal and Kullar Manvinder
Seller's Agent
Joe Mustach
Windermere Real Estate/M2, LLC
Buyer's Agent
Florence Bohn
Realty One Group Orca
List Price
$949,950
Sold Price
$950,000
Premium/Discount to List
$50
0.005%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.30%
Original Mortgage
$450,000
Interest Rate
5.68%
Mortgage Type
New Conventional
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
Beam 2023-4430 148Th St Sw Lynnwood Llc -- None Listed On Document
Buttar Birpal $950,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Buttar Birpal $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2023 05/08/23 Sold $950,000 0.0% $318 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $949,950 -- $318 / 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 $7,562 $848,800 $468,700 $380,100
2024 $7,562 $898,200 $448,700 $449,500
2023 $7,639 $948,700 $463,500 $485,200
2022 $7,419 $751,000 $339,100 $411,900
2020 $6,534 $582,400 $285,500 $296,900
2019 $5,825 $514,800 $260,900 $253,900
2018 $6,136 $479,000 $237,100 $241,900
2017 $5,209 $419,000 $198,800 $220,200
2016 $4,796 $386,100 $176,700 $209,400
2015 $4,822 $369,100 $175,900 $193,200
2013 $3,870 $278,300 $130,500 $147,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2055668

Northwest Multiple Listing Service (NWMLS)

APN: 005137-000-077-06