NOT LISTED FOR SALE

Estimated Value: $814,000 - $1,243,471

9 Beds
5 Baths
3,567 Sq Ft
$306/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $1,200,000 $336 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $6,889/month

347 Days on Market

Highlights

  • RV Access or Parking
  • 1.03 Acre Lot
  • Deck
  • Hillcrest Elementary School Rated A-
  • Mountain View
  • No HOA

About This Home

As of July 2023

**INVESTOR ALERT ~ Desirable City of Lake Stevens! Preliminary short plat done - shovel ready. (Lot 1) has existing Triplex ~ New roof and gutters. Fresh updates with new appliances ~ granite counters ~ vinyl flooring ~ lighting ~ paint and permitted decks. Each unit has their own fenced yard and lower-level laundry including storage space. Unit 1 showcases a below grade studio. (Lot 2) ~ residential, (lot 3) w/duplex potential. City water & sewer. Prime location w/new housing developments, Costco, and quick access to Hwy 9, Hwy 2 and I-5. See attached plat for improvements needed. 100% occupancy including original farmhouse ~ please use discretion when walking exterior. Great opportunity for the investor and/or 1031 Exchange.

Last Agent to Sell the Property

Dawna Finley

Snohomes Realty Inc License #26692 Listed on: 07/05/2022

Last Buyer's Agent

Won Ko

Dream Investment Realty License #23541

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1963002

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,903

Year Built

  • Built in 1967

Lot Details

  • 1.03 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,567 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Parking

  • 12 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck

Community Details

  • No Home Owners Association
  • Holly Add To East Everett Condos
  • Lake Stevens Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / 001 ~ D-01
  • Assessor Parcel Number 00476200100801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,903

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Holly Add to East Everett
  • New Construction: No
  • CalculatedSquareFootage: 3567
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 696

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Available, Sewer Connected
  • Water Source: Community
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: City of Lake Stevens
  • WaterCompany: City
  • WaterSewerGarbage: 9037

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Lake Stevens
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00476200100801
  • Lot Size Acres: 1.03
  • Lot Size Sq Ft: 44867
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,RV Parking
  • MLSLotSizeSource: PR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 8

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 6050

Multi Family

  • Gross Scheduled Income: 72600
  • Net Operating Income: 55426
  • Number Of Units Total: 4
  • Insurance Expense: 2232
  • Leasable Area: 4539
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5903

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2022
Closed on
Jul 28, 2023
Sold by
Utopia Homes Llc
Bought by
Cho & Yun Llc
Seller's Agent
Dawna Finley
Snohomes Realty Inc
Buyer's Agent
Won Ko
Dream Investment Realty
List Price
$1,500,000
Sold Price
$1,200,000
Premium/Discount to List
-$300,000
-20%
Total Days on Market
347
Views
330
Current Estimated Value
$1,090,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$109,843
Avg. Annual Appreciation
-5.06%
Original Mortgage
$200,000
Outstanding Balance
$140,594
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$949,563

Purchase Details

Closed on
Feb 19, 2019
Sold by
Wiles Patricia
Bought by
Utopia Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,148
Interest Rate
4.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 11, 1998
Sold by
Sage Development Co Inc
Bought by
Wiles Franklin C and Wiles Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,660,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 1998
Sold by
Wiles Franklin C and Wiles Patricia
Bought by
Sage Development Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,660,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage
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
Cho & Yun Llc $1,200,000 Fidelity National Title
Utopia Homes Llc $400,000 Old Republic Title Ltd
Wiles Patricia -- Old Republic Title Ltd
Wiles Franklin C -- --
Sage Development Co Inc $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cho & Yun Llc $200,000
Previous Owner Utopia Homes Llc $568,000
Previous Owner Utopia Homes Llc $0
Previous Owner Utopia Homes Llc $381,148
Previous Owner Sage Development Co Inc $2,660,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $1,200,000 -14.3% $336 / Sq Ft
06/17/2023 06/17/23 Pending -- -- --
03/09/2023 03/09/23 Price Changed $1,400,000 -6.7% $392 / Sq Ft
07/05/2022 07/05/22 For Sale $1,500,000 -- $421 / 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 $9,229 $1,161,900 $706,200 $455,700
2024 $9,229 $899,800 $508,500 $391,300
2023 $5,903 $693,000 $383,900 $309,100
2022 $6,630 $648,000 $325,500 $322,500
2020 $7,653 $633,200 $320,700 $312,500
2019 $5,293 $387,700 $320,700 $67,000
2018 $5,264 $401,000 $226,100 $174,900
2017 $3,990 $334,000 $215,600 $118,400
2016 $4,253 $334,000 $207,700 $126,300
2015 $4,346 $318,000 $207,700 $110,300
2013 $4,699 $305,000 $207,700 $97,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1963002

Northwest Multiple Listing Service (NWMLS)

APN: 004762-001-008-01