Listed by Wilson Realty Exchange, Inc., Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $636,503 - $731,000

3 Beds
2 Baths
2,000 Sq Ft
$342/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $499,950 $250 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,000/month

22 Days on Market

Highlights

  • RV Access or Parking
  • Wood Flooring
  • Wood Siding
  • Territorial View
  • Corner Lot

About This Home

As of December 2020

Excellent investment opportunity! High producing duplex on large corner lot. Huge upside with B2 zoning that could allow for a multitude of different uses including adding and additional duplex on the back of the lot. Very well maintained and each unit is 2 bed 1 bath with 1000 sqft. Lower unit rents for $1700 & upper unit rents for $1325. Live in one unit and rent out the other! Newer double pane windows throughout the home. The upper unit has been freshly renovated with laminate flooring, new carpet in bedrooms, paint, bathroom vanity and slate appliances. Very convenient location with easy access to I-5. Ideal time to invest with these historically low interest rates.

Last Agent to Sell the Property

Beau Breda

Wilson Realty Exchange, Inc. License #115173 Listed on: 11/16/2020

Co-Listed By

Steven Breda

Wilson Realty Exchange, Inc. License #24028

Last Buyer's Agent

Heather Fadden

eXp Realty License #83412

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1689849

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,452

Year Built

  • Built in 1893

Lot Details

  • 6,970 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 15 Parking Spaces
  • Open Parking
  • RV Access or Parking

Schools

  • Lowell Elementary School
  • Evergreen Mid Middle School
  • Everett High School

Community Details

  • Lowell Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00500301800100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,452

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1893
  • Buyer Agency Compensation: 4%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2000
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Bonus for great investment!!
  • Special Features: None

Interior Features

  • Possible Use: Business, Commercial, Multi-Family, Office
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Hardwood, Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 15
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 15
  • ParkingUncoveredSpaces: 15

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 2100

Schools

  • Junior High Dist: Everett
  • High School: Everett High
  • Middle Or Junior School: Evergreen Mid

Lot Info

  • Parcel Number: 00500301800100
  • Lot Size Acres: 0.16
  • Lot Size Sq Ft: 6970
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Gas Available,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Business,Commercial,Multi-Family,Office

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3025

Multi Family

  • Gross Scheduled Income: 36300
  • Net Operating Income: 29748
  • Number Of Units Total: 2
  • Leasable Area: 2000
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4452

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2020
Closed on
Dec 23, 2020
Sold by
Beard James Tyler and Beard Angalisa
Bought by
Fadden Thomas N and Fadden Heather A
Seller's Agent
Beau Breda
Wilson Realty Exchange, Inc.
Buyer's Agent
Heather Fadden
eXp Realty
List Price
$499,950
Sold Price
$499,950
Current Estimated Value
$683,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,676
Avg. Annual Appreciation
6.75%
Original Mortgage
$399,950
Outstanding Balance
$356,075
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$327,551

Purchase Details

Closed on
Sep 7, 2016
Sold by
Hunt Kenneth Brian and Hunt Kenneth B
Bought by
Beard James Tyler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,113
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 13, 2002
Sold by
Bailey Mary Kay
Bought by
Hunt Kenneth Brian

Purchase Details

Closed on
Jun 27, 2001
Sold by
Blake Kevin F and Blake Neva V
Bought by
Hunt Kenneth B and Bailey Mary Kay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,950
Interest Rate
7.24%

Purchase Details

Closed on
Feb 26, 1997
Sold by
Wilson E Earl and Wilson Joann M
Bought by
Engels John and Engels Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,500
Interest Rate
7.81%
Mortgage Type
Seller Take Back
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
Fadden Thomas N $499,955 Chicago Title
Beard James Tyler $325,000 Chicago Title Company Of Wa
Hunt Kenneth Brian -- --
Hunt Kenneth B $179,950 --
Engels John $108,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fadden Thomas N $399,950
Previous Owner Beard James Tyler $319,113
Previous Owner Hunt Kenneth B $143,950
Previous Owner Engels John $98,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2020 12/31/20 Sold $499,950 0.0% $250 / Sq Ft
12/08/2020 12/08/20 Pending -- -- --
11/18/2020 11/18/20 Off Market $499,950 -- --
11/16/2020 11/16/20 For Sale $499,950 -- $250 / 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 $4,511 $546,700 $229,500 $317,200
2024 $4,511 $524,100 $222,000 $302,100
2023 $4,053 $492,400 $217,000 $275,400
2022 $4,124 $449,500 $207,000 $242,500
2020 $4,452 $395,900 $202,000 $193,900
2019 $3,855 $345,000 $184,200 $160,800
2018 $3,803 $312,000 $167,400 $144,600
2017 $3,108 $254,000 $167,400 $86,600
2016 $2,690 $231,000 $167,400 $63,600
2015 $2,695 $218,000 $167,400 $50,600
2013 $2,983 $213,000 $167,400 $45,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1689849

Northwest Multiple Listing Service (NWMLS)

APN: 005003-018-001-00