Listed by Real Broker LLC, Bought with Keller Williams Realty Bothell
NOT LISTED FOR SALE

Estimated Value: $6,070,000 - $6,130,244

4 Beds
2 Baths
19,550 Sq Ft
$312/Sq Ft Est. Value

Last Sold September 19, 2023

Last sale price $5,735,000 $293 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $34,746/month

42 Days on Market

Highlights

  • Under Construction
  • Deck
  • No HOA
  • 0.8 Acre Lot
  • Territorial View
  • Patio

About This Home

As of September 2023

Calling all investors! Turn-key brand new construction three story 20 unit in the heart of downtown Marysville. This complex consists of eight light filled two bedroom one bath units and 12 spacious one bedroom one bath units. In addition there are four interior storage units available for additional monthly income. All units are individually metered. The complex includes 31 designated parking spaces, a play structure, beautiful low maintenance landscaping and private balconies. Finishing touches happening now - these units will be ready to lease come summer!

Last Agent to Sell the Property

Stephanie Tremmel

Real Broker LLC License #104192 Listed on: 04/07/2023

Real Broker LLC

Last Buyer's Agent

Corey Crain

Keller Williams Realty Bothell License #26492

Keller Williams Realty Bothell

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2053249

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,000

Year Built

  • Built in 2022 | Under Construction

Lot Details

  • 0.8 Acre Lot
  • Sprinkler System

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 19,550 Sq Ft Home
  • 3-Story Property
  • Vinyl Plank Flooring
  • Territorial Views

Parking

  • 31 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Marysville Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30051600109100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,000

Year Built

Built in 2022 | Under Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 2022
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: Yes
  • CalculatedSquareFootage: 19550
  • EstimatedCompletionDate: 2023-06-01
  • NewConstruction: Under Construction
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers,Playground,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Under Construction
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 31
  • Open Parking: Yes
  • Total Parking Spaces: 31
  • ParkingUncoveredSpaces: 31

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: City of Marysville
  • WaterCompany: City of Marysville
  • WaterSewerGarbage: 16120

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 30051600109100
  • Lot Size Acres: 0.8
  • Lot Size Sq Ft: 34848
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14.47
  • LeasedItems: None
  • TotalMonthlyIncome: 38700

Multi Family

  • Gross Scheduled Income: 449100
  • Net Operating Income: 323261
  • Number Of Units Total: 20
  • Electric Expense: 13600
  • Insurance Expense: 6500
  • Leasable Area: 19500
  • EnergySource: Electric
  • UnitsInBuildingTotal: 20
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2023
  • Tax Annual Amount: 36000

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2023
Closed on
Sep 8, 2023
Sold by
West Coast Building Inc
Bought by
Sunset Ridge Apartments Llc
Seller's Agent
Stephanie Tremmel
Real Broker LLC
Buyer's Agent
Corey Crain
Keller Williams Realty Bothell
List Price
$6,950,000
Sold Price
$5,735,000
Premium/Discount to List
-$1,215,000
-17.48%
Views
98
Current Estimated Value
$6,100,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,122
Avg. Annual Appreciation
-2.19%
Original Mortgage
$3,900,000
Outstanding Balance
$3,834,740
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$1,652,959

Purchase Details

Closed on
Sep 7, 2021
Sold by
1Ndun Llc
Bought by
West Coast Building Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 2020
Sold by
Salinas Jeannie M
Bought by
1Ndun Llc

Purchase Details

Closed on
Jun 21, 2006
Sold by
Salinas Jean M
Bought by
Salinas Alejandro N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.57%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 24, 1999
Sold by
Strauss Kenneth R and Strauss Pamela K
Bought by
Salinas Alejandro N and Salinas Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.45%
Source: Public Records

Range of Values:

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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
Sunset Ridge Apartments Llc $5,735,000 Stewart Title
West Coast Building Inc $750,000 Chicago Title Company Of Wa
1Ndun Llc $375,000 Chicago Title
Salinas Alejandro N $56,179 Chicago Title Insurance Co
Salinas Alejandro N $195,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunset Ridge Apartments Llc $3,900,000
Previous Owner West Coast Building Inc $600,000
Previous Owner West Coast Building Inc $1,600,000
Previous Owner West Coast Building Inc $2,300,000
Previous Owner Salinas Alejandro N $195,000
Previous Owner Salinas Alejandro N $160,000
Previous Owner Salinas Alejandro N $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2023 09/19/23 Sold $5,735,000 -11.7% $293 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
04/28/2023 04/28/23 Price Changed $6,495,000 -6.5% $332 / Sq Ft
04/07/2023 04/07/23 For Sale $6,950,000 -- $355 / 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 $26,936 $6,171,200 $628,900 $5,542,300
2024 $26,936 $3,385,300 $609,000 $2,776,300
2023 $8,868 $1,484,700 $524,200 $960,500
2022 $4,305 $425,300 $424,300 $1,000
2020 $5,585 $502,000 $366,700 $135,300
2019 $4,286 $464,500 $338,000 $126,500
2018 $4,578 $392,500 $270,500 $122,000
2017 $4,342 $380,500 $270,500 $110,000
2016 $4,302 $362,100 $257,600 $104,500
2015 $3,804 $298,200 $249,900 $48,300
2013 $3,958 $297,700 $249,900 $47,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2053249

Northwest Multiple Listing Service (NWMLS)

APN: 300516-001-091-00