NOT LISTED FOR SALE

5220 81st Place SW Mukilteo, WA 98275

Estimated Value: $528,000 - $543,000

2 Beds
8 Baths
5,280 Sq Ft
$101/Sq Ft Est. Value

Last Sold June 30, 2015

Last sale price $920,000 $174 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $3,106/month

15 Days on Market

Highlights

  • Wood Flooring
  • Thermal Windows
  • Property is in very good condition
  • Mukilteo Elementary School Rated A-
  • High Speed Internet

About This Home

As of June 2015

Perfect for owner occupancy! Owner contract. 10% down 5% interest, 30 year amortization and no balloon payment! This 1989 year built 4 unit condominium offers 1320 sf units 2 bed 2 bath & 2 car garage per unit! The building is in perfect condition. Main floor has vaulted ceiling w/ skylight. Upstairs features 2 lg bdrms & a full bath. New paint & carpets/wood laminate throughout.Rents are very low for the area! This is a four plex that has been condominiumized. Market rents are $1,600/mth

Last Agent to Sell the Property

Corey Crain

Keller Williams Realty Bothell License #26492 Listed on: 05/26/2015

Keller Williams Realty Bothell

Last Buyer's Agent

Mary Granen

COMPASS License #49478

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 793709

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,700

Year Built

  • Built in 1989

Lot Details

  • 0.28 Acre Lot
  • Street terminates at a dead end
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 5,280 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 16 Parking Spaces
  • 8 Covered Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Halverson Park Condos
  • Mukilteo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01118900000400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,700

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1989
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Halverson Park
  • New Construction: No
  • CalculatedSquareFootage: 5280
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 297

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 8
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 16
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 3000

Schools

  • Junior High Dist: Mukilteo

Lot Info

  • Parcel Number: 01118900000400
  • Lot Size Acres: 0.2823
  • Lot Size Sq Ft: 12298
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: realist
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 5500

Multi Family

  • Gross Scheduled Income: 66000
  • Net Operating Income: 50720
  • Number Of Units Total: 4
  • Insurance Expense: 2000
  • Leasable Area: 5280
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2015
  • Tax Annual Amount: 6700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2015
Closed on
Jun 22, 2015
Sold by
Halverson Roy A and Halverson Linda J
Bought by
Hickey John
Seller's Agent
Corey Crain
Keller Williams Realty Bothell
Buyer's Agent
Mary Granen
COMPASS
List Price
$920,000
Sold Price
$920,000
Total Days on Market
15
Current Estimated Value
$535,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$384,854
Avg. Annual Appreciation
-5.17%
Original Mortgage
$736,000
Outstanding Balance
$580,882
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$38,810
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
Hickey John $920,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hickey John $736,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2015 06/30/15 Sold $920,000 0.0% $174 / Sq Ft
06/12/2015 06/12/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $920,000 -- $174 / 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 $3,186 $439,000 $272,500 $166,500
2024 $3,186 $427,500 $265,500 $162,000
2023 $2,900 $401,500 $248,500 $153,000
2022 $2,891 $343,500 $210,000 $133,500
2020 $2,597 $309,800 $200,000 $109,800
2019 $2,240 $272,600 $165,000 $107,600
2018 $2,191 $231,800 $129,000 $102,800
2017 $1,999 $219,000 $43,000 $176,000
2016 $1,655 $180,000 $40,500 $139,500
2015 -- $164,000 $39,000 $125,000
2013 $1,813 $167,000 $38,000 $129,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 793709

Northwest Multiple Listing Service (NWMLS)

APN: 011189-000-004-00