Listed by Kelly Right RE of Seattle LLC, Bought with John L. Scott, Inc.
$1,181,000
SOLD OCT 31, 2024
-- Bed
-- Bath
3,188 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$370 Per Sq Ft

7% Above List Price

6 Days on Market

Highlights

  • RV Access or Parking
  • Patio
  • Partially Fenced Property
  • Thermal Windows
  • Ceramic Tile Flooring

About This Home

As of October 2024

Incredible Townhome Style Triplex In Prime Lynnwood Location. Unit A is a bit larger with 3 bed, 1.75 bath, 2 designated parking spots, fully updated with quality finishes that include quartz countertops & stainless steel appliances. Unit B & C have 2 bed, 1.5 bath & 2 designated front parking spots. All units equipped with stackable washer & dryer, all appliances, private patios & situated on a dead end street with extra privacy. This building also has designated guest parking. Conveniently close to the Light Rail Station, Lynnwood City Center, Alderwood Mall, Dining, Costco, Shopping, Cinemas,I-5/4-05 & everything Lynnwood has to offer. A ideal investment for those looking to capitalize on a growing area. Don't miss this rare opportunity!

Last Agent to Sell the Property

Puneet Sachdeva

Kelly Right RE of Seattle LLC License #84448 Listed on: 09/26/2024

Kelly Right RE of Seattle LLC

Co-Listed By

Lili Hosn

Kelly Right RE of Seattle LLC License #126294

Last Buyer's Agent

Sharon Wong

John L. Scott, Inc. License #126307

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2295389

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,574

Year Built

  • Built in 1981

Lot Details

  • 8,276 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

HOA Fees

  • $36 Monthly HOA Fees

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 3,188 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl Plank

Parking

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

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • Ivywood Condos
  • Lynnwood Subdivision

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 00681100000900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,574

Year Built

Built in 1981

Lot Details

0

HOA Fees

$36 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1981
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Ivywood
  • New Construction: No
  • CalculatedSquareFootage: 3188
  • SOCComments: Thank you for your hard work!
  • Special Features: VirtualTour
  • Cumulative Days on Market: 277

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl Plank, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: See Remarks,Thermal Windows

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Snohomish PUD
  • SewerCompany: Lynnwood Utility Billing
  • WaterCompany: Lynnwood Utility Billing
  • CableConnected: Xfinity
  • WaterSewerGarbage: 3528

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 36
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • NWM_OtherDuesOrFeesYN: true

Schools

  • Junior High Dist: Edmonds
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00681100000900
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family
  • LotNumber: 9

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.05
  • LeasedItems: None
  • TotalMonthlyIncome: 6694

Multi Family

  • Gross Scheduled Income: 80328
  • Net Operating Income: 65594
  • Number Of Units Total: 3
  • Insurance Expense: 1200
  • Leasable Area: 3188
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6574

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2024
Closed on
Oct 30, 2024
Sold by
Spittle Jon Michael and Knight Jon Michael
Bought by
Li Jinqian and Zhao Chunzhi
Seller's Agent
Puneet Sachdeva
Kelly Right RE of Seattle LLC
Buyer's Agent
Sharon Wong
John L. Scott, Inc.
List Price
$1,098,880
Sold Price
$1,181,000
Premium/Discount to List
$82,120
7.47%
Views
1
Current Estimated Value
$1,122,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$58,667
Avg. Annual Appreciation
-6.79%
Original Mortgage
$826,700
Outstanding Balance
$822,614
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$291,386

Purchase Details

Listed on
May 20, 2013
Closed on
Jun 21, 2013
Sold by
Hertzog Douglas and Hertzog Karen M
Bought by
Spittle Jon Michael
Seller's Agent
Corey Crain
Keller Williams Realty Bothell
Buyer's Agent
Puneet Sachdeva
Kelly Right RE of Seattle LLC
List Price
$399,500
Sold Price
$410,000
Premium/Discount to List
$10,500
2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.77%
Original Mortgage
$389,500
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 4, 1998
Sold by
Hertzog Douglas and Hertzog Richard M
Bought by
Hertzog Richard M and Hertzog Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,800
Interest Rate
6.69%
Source: Public Records

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Range of Values:

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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 $1,181,000 Wfg National Title
Warranty Deed $410,280 Chicago Title
Interfamily Deed Transfer -- Pacific Northwest Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $826,700 New Conventional
Previous Owner $251,384 New Conventional
Previous Owner $389,500 FHA
Previous Owner $148,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $1,181,000 +7.5% $370 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
09/26/2024 09/26/24 For Sale $1,098,880 0.0% $345 / Sq Ft
09/09/2024 09/09/24 For Rent $2,400 0.0% --
06/28/2013 06/28/13 Sold $410,000 +2.6% $129 / Sq Ft
05/24/2013 05/24/13 Pending -- -- --
05/20/2013 05/20/13 For Sale $399,500 -- $125 / 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 $6,574 $846,300 $443,500 $402,800
2024 $6,574 $846,900 $425,200 $421,700
2023 $5,777 $772,000 $396,900 $375,100
2022 $7,228 $795,000 $299,100 $495,900
2020 $6,701 $652,000 $195,000 $457,000
2019 $5,382 $525,500 $189,000 $336,500
2018 $5,886 $510,000 $157,500 $352,500
2017 $5,079 $480,000 $157,500 $322,500
2016 $4,175 $395,000 $125,000 $270,000
2015 $4,215 $375,000 $121,500 $253,500
2013 $3,911 $330,000 $121,500 $208,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2295389

Northwest Multiple Listing Service (NWMLS)

APN: 006811-000-009-00