Listed by Windermere R.E. Northeast, Inc, Bought with John L. Scott Snohomish
NOT LISTED FOR SALE

53 Cedar Ave Snohomish, WA 98290

4 Beds
2 Baths
4,951 Sq Ft
0.35 Acres

Last Sold September 01, 2023

Last sale price $1,475,000 $298 Per Sq Ft

14 Days on Market

Highlights

  • River View
  • No HOA
  • Patio
  • Softwood Flooring
  • Cul-De-Sac
  • 2-minute walk to Cady Park

About This Home

As of September 2023

Premier multi-family investment property – rare opportunity to own 6 rental units in the heart of downtown Snohomish. Nestled at the end of a quiet cul-de-sac this unique property features 4 separate structures: 1 historic single-family home, 2 duplexes & 1 cottage. Vintage residence boasts period details including fir floors & old-world millwork coupled w/modern upgrades including new composition roof. Park-like property offers river views from most units, private garden areas & separate electrical meters. This fully rented site offers steady income w/HDR zoning providing additional future development potential. Incredible location just off 1st Street, only blocks to vibrant shopping/dining, riverfront trail, w/convenient access to Hwy-9.

Last Agent to Sell the Property

Nick Loveless

Windermere R.E. Northeast, Inc License #105827 Listed on: 07/13/2023

Windermere R.E. Northeast, Inc

Last Buyer's Agent

Renee Uribe-Sayah

John L. Scott Snohomish License #121095

John L. Scott Snohomish

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2137582

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,000

Year Built

  • Built in 1900

Lot Details

  • 0.35 Acre Lot
  • Open Space
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is in average condition

Property Views

  • River
  • Territorial
  • Limited

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 4,951 Sq Ft Home
  • 2-Story Property

Flooring

  • Softwood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 7 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Emerson Elementary School
  • Centennial Mid Middle School
  • Snohomish High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • In Town Snohomish Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 00579400800100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,000

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1900
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4951
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Two & One Half Percent
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Softwood, Hardwood, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Fir/Softwood, Hardwood, Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition, Flat, Torch Down
  • View: Partial, River, Territorial
  • Lot Features: Adjacent to Public Land, Alley, Cul-De-Sac, Curbs, Dead End Street, Open Space, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Sno Co PUD & PSE
  • SewerCompany: City of Snohomish
  • WaterCompany: City of Snohomish

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Snohomish
  • High School: Snohomish High
  • Middle Or Junior School: Centennial Mid

Lot Info

  • Parcel Number: 00579400800100
  • Lot Size Acres: 0.35
  • Lot Size: See Map
  • Lot Size Sq Ft: 15246
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17.19
  • LeasedItems: None
  • TotalMonthlyIncome: 7150

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7000

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 107
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Emerson Elem
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2023 09/01/23 Sold $1,475,000 0.0% $298 / Sq Ft
07/27/2023 07/27/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $1,475,000 -- $298 / 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 $8,693 $1,380,000 $647,500 $732,500
2024 $8,693 $894,000 $496,100 $397,900
2023 $7,000 $798,000 $430,800 $367,200
2022 $7,318 $678,000 $327,000 $351,000
2020 $7,315 $630,000 $333,500 $296,500
2019 $7,167 $630,000 $297,300 $332,700
2018 $8,112 $597,000 $268,300 $328,700
2017 $7,505 $563,000 $261,000 $302,000
2016 $7,302 $531,000 $232,000 $299,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2137582

Northwest Multiple Listing Service (NWMLS)

APN: 00579400800100