Buyer's Agent in 2012
Erik Pedersen
Pettruzzelli Inc
(360) 391-1935
38 in this area
302 Total Sales
501 S 20th St Mount Vernon, WA 98274
Estimated Value: $747,309 - $925,000
8
Beds
1
Bath
9,936
Sq Ft
$82/Sq Ft
Est. Value
Highlights
- Property is in very good condition
- 1-Story Property
- 3-minute walk to Kiwanis Park
- Wood Siding
About This Home
As of November 2012First Time on Market! Three adjacent 4 plexes that are in terrific condition with strong rental history. These units are located on the hill on Mount Vernon near the hospital medical complexes and schools. 12 2bedroom 1 bath apartments all rented. These units built in 1985 have been well maintained and are always rented. 7.8 cap rate makes this 3 parcel investment a great addition to your portfolio.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 399490
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,052
Year Built
- Built in 1985
Lot Details
- 0.34 Acre Lot
- Property is in very good condition
Home Design
- Quadruplex
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 9,936 Sq Ft Home
- 1-Story Property
Parking
- 20 Parking Spaces
- Open Parking
Community Details
- Heritage Condos
- Mt Vernon Hill Subdivision
Listing and Financial Details
- Tax Lot 16,17,18
- Assessor Parcel Number 81460
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 3, 2022
Sold by
Maximus Properties Llc
Bought by
Skagit Equity Partners Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,203,330
Outstanding Balance
$1,162,250
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
-$345,923
Purchase Details
Listed on
Aug 30, 2012
Closed on
Nov 13, 2012
Sold by
Abell Alice M
Bought by
Maximus Properties Llc
Buyer's Agent
Erik Pedersen
Pettruzzelli Inc
List Price
$850,000
Sold Price
$750,000
Premium/Discount to List
-$100,000
-11.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.67%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Skagit Equity Partners Llc | -- | Fidelity National Title | |
| Maximus Properties Llc | $750,280 | Land Title & Escrow |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Skagit Equity Partners Llc | $1,203,330 | |
| Closed | Skagit Equity Partners Llc | $722,440 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/15/2012 11/15/12 | Sold | $750,000 | -11.8% | $75 / Sq Ft |
| 09/10/2012 09/10/12 | Pending | -- | -- | -- |
| 08/30/2012 08/30/12 | For Sale | $850,000 | -- | $86 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $6,713 | $711,400 | $336,000 | $375,400 |
| 2023 | $6,713 | $656,600 | $283,100 | $373,500 |
| 2022 | $6,022 | $601,500 | $243,800 | $357,700 |
| 2021 | $5,737 | $513,400 | $226,900 | $286,500 |
| 2020 | $5,371 | $455,000 | $0 | $0 |
| 2019 | $4,808 | $414,100 | $0 | $0 |
| 2018 | $5,425 | $419,900 | $0 | $0 |
| 2017 | $4,267 | $364,700 | $0 | $0 |
| 2016 | $4,308 | $289,300 | $115,200 | $174,100 |
| 2015 | $4,501 | $289,300 | $115,200 | $174,100 |
| 2013 | $3,918 | $254,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 399490
APN: P81460
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
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