Listed by John L. Scott, Inc, Bought with Windermere Real Estate GH LLC
$1,295,000
SOLD AUG 15, 2024

5001 Graham Way Unit 1-4 Mukilteo, WA 98275

-- Bed
-- Bath
3,888 Sq Ft
0.25 Acres

Recently Sold

$333 Per Sq Ft

10% Above List Price

9 Days on Market

Highlights

  • Deck
  • Territorial View
  • Ceramic Tile Flooring
  • Mukilteo Elementary School Rated A-
  • No HOA
  • Baseboard Heating

About This Home

As of August 2024

6% cap rate with current income and room to improve your profits by raising rents on upcoming leases. Beautifully upgraded spacious two bedroom each side townhouse style four plex in Mukilteo. Updated flooring, countertops, new decks in the back. Close to schools, Boeing, shopping, restaurants and freeways. Dining area, living room with doors that open to deck/patio and lush green back yard. Large primary bedroom. Each unit has their own washer/dryer and two parking spots. Lot's of parking on the side of the building. Large private yard for tenants enjoyment. Don't miss out! This won't last long!

Last Agent to Sell the Property

Nelya Calev

John L. Scott, Inc License #97542 Listed on: 05/07/2024

John L. Scott, Inc

Last Buyer's Agent

Adam Cobb

Windermere Real Estate GH LLC License #100973

Windermere Real Estate GH LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2233262

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,058

Year Built

  • Built in 1977

Lot Details

  • 0.25 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,888 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Mukilteo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00482000000300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,058

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3888
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 323

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 7548

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mukilteo

Lot Info

  • Parcel Number: 00482000000300
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: realist
  • MLSSquareFootageSource: realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.5
  • LeasedItems: None
  • TotalMonthlyIncome: 7400

Multi Family

  • Gross Scheduled Income: 88800
  • Net Operating Income: 69794
  • Number Of Units Total: 4
  • Insurance Expense: 2300
  • Leasable Area: 3888
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7058

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
Aug 14, 2024
Sold by
Capellutto Marc and Capellutto Adrianne
Bought by
Tagle Jonathan G
Seller's Agent
Nelya Calev
John L. Scott, Inc
Buyer's Agent
Adam Cobb
Windermere Real Estate GH LLC
List Price
$1,175,000
Sold Price
$1,295,000
Premium/Discount to List
$120,000
10.21%
Views
7
Current Estimated Value
$1,258,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,709
Avg. Annual Appreciation
-3.08%

Purchase Details

Closed on
Dec 5, 2015
Sold by
Pong Jonathan D P and Pong Alice A H
Bought by
Capellutto Marc and Capellutto Adrianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,750
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2009
Sold by
Pong Jonathan and Pong Alice
Bought by
Siao Andrew
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 Type Sale Price Title Company
Warranty Deed $1,295,000 Equity Title
Warranty Deed $545,000 Chicago Title
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $386,695 New Conventional
Previous Owner $408,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2024 08/15/24 Sold $1,295,000 +10.2% $333 / Sq Ft
05/16/2024 05/16/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $1,175,000 -- $302 / 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 $7,461 $1,003,000 $373,800 $629,200
2024 $7,461 $1,003,000 $363,400 $639,600
2023 $7,058 $979,000 $363,400 $615,600
2022 $7,151 $851,000 $330,700 $520,300
2020 $5,524 $660,000 $496,100 $163,900
2019 $5,315 $648,000 $315,500 $332,500
2018 $6,019 $638,000 $287,100 $350,900
2017 $4,848 $532,000 $149,000 $383,000
2016 $4,370 $476,000 $144,000 $332,000
2015 $3,955 $388,000 $140,000 $248,000
2013 $3,946 $364,000 $155,000 $209,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2233262

Northwest Multiple Listing Service (NWMLS)

APN: 004820-000-003-00