Listed by Windermere R.E. Northeast, Inc, Bought with Real Broker LLC
NOT LISTED FOR SALE

Estimated Value: $823,000 - $925,000

4 Beds
2 Baths
1,872 Sq Ft
$479/Sq Ft Est. Value

Last Sold July 21, 2022

Last sale price $810,000 $433 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,486/month

2 Days on Market

Highlights

  • 0.54 Acre Lot
  • Deck
  • No HOA
  • Hilltop Elementary School Rated A-
  • Corner Lot
  • Patio

About This Home

As of July 2022

Great investment or owner user duplex. Convenient Lynnwood location close to Freeways, minutes to Lynnwood & Bothell. Easy commute to Seattle or Bellevue. Side by side townhouse style units with individual garages and huge back yards. Each unit has 2 bedrooms 1.5 bathrooms & in-unit laundry. Great floor plans. Unit B recently updated in 2019 w/new carpet, kitchen, bathrooms, and appliances. Only owner has lived there since. Well maintained building. Unit A has high quality long term tenants that would like to stay. Current lease & financials available upon request. Ample parking in garage, driveway, and street. Huge private lot with only 1 direct neighbor. Great rental income. 2019 new W/D for both units! 30 Year Roof installed in 2006.

Last Agent to Sell the Property

Brian Harwood

Windermere R.E. Northeast, Inc License #104017 Listed on: 06/30/2022

Windermere R.E. Northeast, Inc

Last Buyer's Agent

Mina Mina

Real Broker LLC License #24000232

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1961143

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,068

Year Built

  • Built in 1987

Lot Details

  • 0.54 Acre Lot
  • Open Space
  • Property is Fully Fenced
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,872 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Hilltop Elemht Elementary School
  • Brier Terrace Mid Middle School
  • Mountlake Terrace Hi High School

Utilities

  • Overhead Utilities
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Alderwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00373002302301

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,068

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1987
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1872
  • Special Features: None
  • Cumulative Days on Market: 351

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, High Voltage Line, Open Space, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, High Voltage Line, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Alderwood Water & Wastewater
  • WaterCompany: Alderwood Water & Wastewater
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 1521

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds
  • High School: Mountlake Terrace Hi
  • Middle Or Junior School: Brier Terrace Mid

Lot Info

  • Parcel Number: 00373002302301
  • Lot Size Acres: 0.54
  • Lot Size Sq Ft: 23522
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16.05
  • LeasedItems: None
  • TotalMonthlyIncome: 1825

Multi Family

  • Gross Scheduled Income: 48300
  • Net Operating Income: 40329
  • Number Of Units Total: 2
  • Insurance Expense: 1382
  • Leasable Area: 1872
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5068

MLS Schools

  • Elementary School: Hilltop ElemHt

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2022
Closed on
Jul 8, 2022
Sold by
Pieper Michelle L
Bought by
Isaac Athanasius
Seller's Agent
Brian Harwood
Windermere R.E. Northeast, Inc
Buyer's Agent
Mina Mina
Real Broker LLC
List Price
$775,000
Sold Price
$810,000
Premium/Discount to List
$35,000
4.52%
Current Estimated Value
$918,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,891
Avg. Annual Appreciation
4.02%
Original Mortgage
$688,500
Outstanding Balance
$663,136
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$251,485

Purchase Details

Closed on
Jul 15, 2003
Sold by
A Land Trust The James Rona Pheif Logan and Stanley C
Bought by
Pieper Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,250
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2001
Sold by
Watson Joel A
Bought by
Miller Mark and Miller Alison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,900
Interest Rate
6.89%

Purchase Details

Closed on
Mar 26, 1998
Sold by
Tram Tuan Q and Tong Anne
Bought by
Watson Joel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,100
Interest Rate
7.06%

Purchase Details

Closed on
Oct 25, 1995
Sold by
Miller Grace E
Bought by
Tram Tuan Q and Tong Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
7.58%
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 Buyer Sale Price Title Company
Isaac Athanasius -- Cw Title
Pieper Michelle L $275,000 Chicago Title
Miller Mark $239,900 --
Watson Joel A $199,000 --
Tram Tuan Q $154,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Isaac Athanasius $688,500
Previous Owner Pieper Michelle L $151,098
Previous Owner Pieper Michelle L $225,074
Previous Owner Pieper Michelle L $73,860
Previous Owner Pieper Michelle L $261,250
Previous Owner Miller Mark $191,900
Previous Owner Watson Joel A $179,100
Previous Owner Tram Tuan Q $130,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2022 07/21/22 Sold $810,000 +4.5% $433 / Sq Ft
07/02/2022 07/02/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $775,000 -- $414 / 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 $5,748 $701,900 $405,000 $296,900
2024 $5,748 $673,600 $387,000 $286,600
2023 $6,058 $744,600 $460,800 $283,800
2022 $6,057 $608,000 $316,400 $291,600
2020 $5,083 $447,900 $259,400 $188,500
2019 $4,369 $380,300 $209,000 $171,300
2018 $4,387 $336,700 $175,800 $160,900
2017 $3,579 $281,300 $133,000 $148,300
2016 $3,185 $249,300 $118,800 $130,500
2015 $3,236 $241,100 $107,400 $133,700
2013 $3,206 $227,300 $90,300 $137,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1961143

Northwest Multiple Listing Service (NWMLS)

APN: 003730-023-023-01