Listed by HomeSmart Real Estate Assoc
$550,000
SOLD FEB 28, 2014
2.54 Acres
$216,535 Price per Acre
110,642 Sq Ft Lot

Recently Sold

$281 Per Sq Ft

30 Days on Market

Highlights

  • 2.54 Acre Lot
  • Territorial View
  • Level Lot
  • Kokanee Elementary School Rated A
  • Open Space

About This Lot

As of April 2019

Incredible opportunity to develop 5, .5 acre income producing lots, carry the land while you develop this rare property. Currently has 5 manufactured homes, each on their own lot. With a boundary line adjustment it would be easy to build estate quality homes on these oversize lots. Septic installed, water to property, see conceptual drawing for possible development. Current cap rate on this project is 9.92 with market rents of the main house at $1500/month. Other units total rent is $3700/month.

Last Agent to Sell the Property

John Fromel

HomeSmart Real Estate Assoc License #6416 Listed on: 10/13/2013

Co-Listed By

Amy Trout

Century 21 Northwest License #74326

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 555046

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,100

Lot Details

  • 2.54 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • Level Lot
  • Zoning described as R5

Property Views

  • Territorial Views

Schools

  • Kokanee Elementary School
  • Leota Middle School
  • Bothell High School

Utilities

  • Overhead Utilities
  • Septic Design Installed
  • Sewer Not Available

Community Details

  • Bothell Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 27053300105900

Property Details

Property Type

Land

Est. Annual Taxes

$7,100

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • StyleCode: 41 - Res-Over 1 Acre
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 0
  • SeniorExemption: false
  • PropertyFeatures: Garden/Fruit Trees,Partially Cleared
  • Restrictions: Manufactured Homes OK,No Restrictions
  • Improvements: Dwelling
  • Special Features: VirtualTour
  • Cumulative Days on Market: 571

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • View: Territorial
  • Lot Features: Dead End Street, High Voltage Line, Open Space
  • View: Yes
  • Waterfront: No
  • Structure Type: Unspecified
  • RoadInformation: Privately Maintained,Recorded Maint. Agrm
  • RoadOnWhichSide: West
  • WaterJurisdiction: County

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Not Available
  • Water Source: On Property
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electricity On Property: Yes
  • Utilities: High Voltage Line, Natural Gas Available, Electricity Connected, Septic Design Installed
  • ElectricityStatus: On Property
  • GasStatus: Available
  • SepticDesignInstalled: true

Condo/Co-op/Association

  • Community Features: CCRs
  • Senior Community: No

Schools

  • Junior High Dist: Northshore
  • High School: Bothell Hs
  • Middle Or Junior School: Leota Middle School

Lot Info

  • Parcel Number: 27053300105900
  • Topography: Level,Sloped
  • Lot Size Acres: 2.54
  • Lot Size Sq Ft: 110644
  • Zoning Description: R5
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • ZoningJurisdiction: County
  • ZoningClass: Residential
  • SoilFeasibilityTest: false
  • SlopeComment: East

Tax Info

  • Year: 2103
  • Tax Annual Amount: 7100

MLS Schools

  • Elementary School: Kokanee Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2019
Closed on
Apr 22, 2019
Sold by
Conner Farmhouse Llc
Bought by
Kim Won H and Lee Jisil
Seller's Agent
Robert Wolverton
SHORE Group
Buyer's Agent
Derek Mccallum
Redfin
List Price
$1,130,000
Sold Price
$1,100,000
Premium/Discount to List
-$30,000
-2.65%
Current Estimated Value
$1,841,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$741,993
Avg. Annual Appreciation
8.60%
Original Mortgage
$880,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2017
Sold by
Bothell Farmhouse Llc
Bought by
Conner Farmhouse Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,973,005
Interest Rate
3.88%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Oct 13, 2013
Closed on
Feb 26, 2014
Sold by
Stults Doris J
Bought by
Bothell Farmhouse Llc
Seller's Agent
John Fromel
HomeSmart Real Estate Assoc
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.16%
Original Mortgage
$550,000
Interest Rate
4.38%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,100,000 Chicago Title
Bargain Sale Deed -- Chicago
Warranty Deed $550,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,000 New Conventional
Open $904,000 Balloon
Closed $885,000 New Conventional
Closed $880,000 New Conventional
Previous Owner $1,973,005 Stand Alone Refi Refinance Of Original Loan
Previous Owner $550,000 Purchase Money Mortgage
Previous Owner $125,000 Unknown
Previous Owner $115,000 Stand Alone Second
Previous Owner $200,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2019 04/30/19 Sold $1,100,000 -2.7% $295 / Sq Ft
03/03/2019 03/03/19 Pending -- -- --
01/26/2019 01/26/19 For Sale $1,130,000 +105.5% $304 / Sq Ft
02/28/2014 02/28/14 Sold $550,000 0.0% $281 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
10/13/2013 10/13/13 For Sale $550,000 -- $281 / 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 $10,381 $1,292,400 $566,000 $726,400
2024 $10,381 $1,183,500 $474,500 $709,000
2023 $10,670 $1,357,900 $613,200 $744,700
2022 $10,287 $1,040,600 $406,100 $634,500
2020 $8,579 $818,100 $294,700 $523,400
2019 $3,979 $803,200 $294,700 $508,500
2018 $3,884 $346,800 $230,100 $116,700
2017 $3,063 $277,900 $181,700 $96,200
2016 $2,816 $243,200 $153,400 $89,800
2015 $2,930 $240,800 $153,400 $87,400
2013 $687 $185,000 $107,400 $77,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 555046

Northwest Multiple Listing Service (NWMLS)

APN: 270533-001-059-00