Listed by John L. Scott Everett, Bought with NextHome PNW Realty
NOT LISTED FOR SALE

504 E Gilman Ave Unit A & B Arlington, WA 98223

Estimated Value: $643,489 - $832,000

6 Beds
2 Baths
2,340 Sq Ft
$324/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $500,000 $214 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,422/month

Highlights

  • Territorial View
  • Patio
  • 5-minute walk to Centinnenial Park
  • Corner Lot
  • Wall to Wall Carpet

About This Home

As of October 2020

Outstanding Investment & Location! Arlington Townhouse style Duplex: 3 Bdrms 1.5 baths w slider off dinning area to patio. Each unit comes with a one car attached garage & all appliances. Quite Neighborhood in walking distance to down town shopping, dinning, and river front city parks. Long term tenant's (10+yrs, currently on month to month) pay all utilities: water, sewer (separate meter) & garbage. Current Rents are low in market comparison! Built in 1996, good bones but is in need of TLC.

Last Agent to Sell the Property

Joseph Jackson

John L. Scott Everett License #36540 Listed on: 09/18/2020

John L. Scott Everett

Last Buyer's Agent

Tom McClelland

NextHome PNW Realty License #119524

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1659243

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,242

Year Built

  • Built in 1996

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,340 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Arlington High School

Community Details

  • Arlington Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00461801101000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,242

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1996
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2340
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: 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: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: Arlington
  • WaterCompany: Alington
  • WaterSewerGarbage: 10

Fee Information

  • Annual Fuel Expense: 10

Schools

  • Junior High Dist: Arlington
  • High School: Arlington High

Lot Info

  • Parcel Number: 00461801101000
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: county
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 2050

Multi Family

  • Gross Scheduled Income: 24600
  • Net Operating Income: 10
  • Number Of Units Total: 2
  • Electric Expense: 10
  • Insurance Expense: 1200
  • Leasable Area: 2340
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3242

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2022
Sold by
Price Jr Charles A
Bought by
504 Gilman Llc
Current Estimated Value
$758,372

Purchase Details

Listed on
Sep 18, 2020
Closed on
Oct 8, 2020
Sold by
Bolduan Jonathan and Bolduan Jon
Bought by
Price Charles A
Seller's Agent
Joseph Jackson
John L. Scott Everett
Buyer's Agent
Tom McClelland
NextHome PNW Realty
List Price
$485,000
Sold Price
$500,000
Premium/Discount to List
$15,000
3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$375,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 1997
Sold by
Anderson Richard and Sjoholm Fredric
Bought by
Bolduan Jon

Purchase Details

Closed on
Sep 19, 1996
Sold by
Wetmore Avenue Investments
Bought by
Bolduan Jonathan and Nielsen Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,400
Interest Rate
7.38%

Purchase Details

Closed on
Oct 30, 1995
Sold by
Carey Mary L and Carey Daniel J
Bought by
Wetmore Avenue Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,500
Interest Rate
7.59%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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
504 Gilman Llc -- Hermes Law Firm Ps
Price Charles A $500,000 Chicago Title
Bolduan Jon $154,375 --
Bolduan Jonathan -- --
Wetmore Avenue Investments $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Price Charles A $375,000
Previous Owner Bolduan Jonathan $141,400
Previous Owner Wetmore Avenue Investments $12,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2020 10/16/20 Sold $500,000 +3.1% $214 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $485,000 -- $207 / 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 $4,636 $594,800 $265,000 $329,800
2024 $4,636 $539,400 $221,000 $318,400
2023 $4,507 $582,900 $223,000 $359,900
2022 $4,183 $447,800 $177,000 $270,800
2020 $3,242 $358,100 $142,000 $216,100
2019 $3,036 $326,900 $133,000 $193,900
2018 $3,589 $306,900 $116,000 $190,900
2017 $3,164 $276,100 $99,000 $177,100
2016 $2,915 $238,700 $86,000 $152,700
2015 $3,095 $244,300 $86,000 $158,300
2013 $3,142 $245,400 $55,000 $190,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1659243

Northwest Multiple Listing Service (NWMLS)

APN: 004618-011-010-00