Listed by RADIUS PROPERTIES, Bought with Pellego, Inc.
NOT LISTED FOR SALE

500 Date St Sultan, WA 98294

Estimated Value: $555,000 - $580,000

4 Beds
2 Baths
2,040 Sq Ft
$277/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $437,000 $214 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,363/month

12 Days on Market

Highlights

  • Mountain View
  • Property is Fully Fenced
  • Wall to Wall Carpet
  • Patio
  • Wood Siding
  • 1-Story Property

About This Home

As of April 2021

Well-constructed Duplex in Downtown Sultan. Each unit is fully fenced and was built by owner as a long-term investment (first time on the market!). It could make a great opportunity to own your own home while receiving income from the other unit and building equity simultaneously. Each is a 2 bed/ 1 bath unit with one car garage. New outside paint. Walking distance to bus stop, schools, library, post office, restaurants, parks and even a river boat launch. Solid 4.55% cap rate at current rents (potentially 5.85% cap rate based on market rent). The triplex next door is also for sale (MLS #1744731).

Last Agent to Sell the Property

Carlos Dibaldi

RADIUS PROPERTIES License #111495 Listed on: 03/19/2021

Last Buyer's Agent

Nadya Martynenko

Pellego, Inc. License #126612

Pellego, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1744728

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,695

Year Built

  • Built in 1989

Lot Details

  • 8,276 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,040 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Sultan Elementary School
  • Sultan Mid Middle School
  • Sultan Snr High School

Community Details

  • Sultan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 28083200311400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,695

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1989
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2040
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Snohomish County PUD
  • SewerCompany: City of Sultan
  • WaterCompany: City of Sultan
  • WaterSewerGarbage: 402

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Sultan
  • High School: Sultan Snr High
  • Middle Or Junior School: Sultan Mid

Lot Info

  • Parcel Number: 28083200311400
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Patio
  • MLSLotSizeSource: County Records
  • ZoningClass: Multi-Family,See Remarks

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 2150

Multi Family

  • Gross Scheduled Income: 25800
  • Net Operating Income: 19420
  • Number Of Units Total: 2
  • Insurance Expense: 993
  • Leasable Area: 2040
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3695

MLS Schools

  • Elementary School: Sultan Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2021
Closed on
Apr 28, 2021
Sold by
Rode Deanna Lorraine
Bought by
Panasenko Fedir and Kutsenko Tetyana
Seller's Agent
Carlos Dibaldi
RADIUS PROPERTIES
Buyer's Agent
Nadya Martynenko
Pellego, Inc.
List Price
$425,000
Sold Price
$437,000
Premium/Discount to List
$12,000
2.82%
Current Estimated Value
$564,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,882
Avg. Annual Appreciation
6.56%
Original Mortgage
$327,760
Outstanding Balance
$299,114
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$279,481
Source: Public Records

Range of Values:

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Average Value
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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
Panasenko Fedir $437,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panasenko Fedir $327,760
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $437,000 +2.8% $214 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $425,000 -- $208 / 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 $4,419 $526,100 $220,000 $306,100
2024 $4,419 $498,900 $200,000 $298,900
2023 $4,088 $522,300 $209,000 $313,300
2022 $3,819 $418,900 $156,000 $262,900
2020 $3,538 $353,000 $131,000 $222,000
2019 $2,983 $309,300 $111,000 $198,300
2018 $3,438 $288,600 $94,000 $194,600
2017 $2,920 $242,800 $84,000 $158,800
2016 $2,650 $215,600 $63,000 $152,600
2015 $2,402 $183,000 $48,000 $135,000
2013 $2,833 $210,000 $46,000 $164,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1744728

Northwest Multiple Listing Service (NWMLS)

APN: 280832-003-114-00