NOT LISTED FOR SALE

Estimated Value: $925,000 - $1,044,000

5 Beds
3 Baths
2,549 Sq Ft
$386/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $900,000 $353 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,097/month

1 Day on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • Patio
  • Harbour Pointe Middle School Rated A-
  • No HOA
  • Ceramic Tile Flooring

About This Home

As of November 2022

Excellent Investment Opportunity in Edmonds! Or, make this owner user. Well-maintained Triplex in Picnic Point. Built in 1990. 1-story building has 0.35 acre lot, 8 total parking incl 2 garages, RV/Boat parking. All units feature vaulted ceiling w/fan, remodeled kitchen & bathroom, fireplace, & patio. Each kitchen has new cabinets, quartz countertops, SS appliances. Separate electric meters. Unit 1 & 2 are mirror images. Unit 1 is 2BR/1.5Bath/1 car garage. Unit 2 is 2BR/1Bath/1 car garage. Unit #3 is Studio w/1Bath. Unit 1 is Owner Occupied. Unit 2 is Vacant. Unit 3 has mo-to-mo tenant. $4,800/mo rent for market value. Great Mukilteo School district w/Kamiak HS. Minutes to park, shopping centers. Easy access to I-5, 405, Boeing, Ferry.

Last Listed By

Hyun Sook Kim

Windermere Real Estate/East License #84205 Listed on: 11/03/2022

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2013881

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,082

Year Built

  • Built in 1990

Lot Details

  • 0.35 Acre Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Triplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,549 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Picnic Point Elementary School
  • Harbour Pointe Mid Middle School
  • Kamiak High School

Utilities

  • Mini Split Air Conditioners
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Picnic Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00378100000100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,082

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1990
  • Buyer Agency Compensation: 3.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2549
  • Special Features: VirtualTour
  • Cumulative Days on Market: 243

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected, Wood
  • PowerCompany: Snohomish PUD
  • SewerCompany: Alderwood Sewer
  • WaterCompany: Alderwood Water
  • InternetConnected: Comcast
  • WaterSewerGarbage: 1800

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mukilteo
  • High School: Kamiak High
  • Middle Or Junior School: Harbour Pointe Mid

Lot Info

  • Parcel Number: 00378100000100
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,High Speed Internet,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: Appraisal (2016)
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16.5
  • LeasedItems: None
  • TotalMonthlyIncome: 4800

Multi Family

  • Gross Scheduled Income: 57600
  • Net Operating Income: 42918
  • Number Of Units Total: 3
  • Electric Expense: 1800
  • Insurance Expense: 2000
  • Leasable Area: 2528
  • EnergySource: Electric,Natural Gas,Wood
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7082

MLS Schools

  • Elementary School: Picnic Point Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2022
Closed on
Nov 21, 2022
Sold by
Lyrintzis Suvi
Bought by
Lyrintzis Jani
Seller's Agent
Hyun Sook Kim
Windermere Real Estate/East
Buyer's Agent
Beth Kovacevich
Marketplace Sotheby's Intl Rty
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%
Total Days on Market
1
Views
10
Current Estimated Value
$983,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,762
Avg. Annual Appreciation
3.73%

Purchase Details

Listed on
Nov 3, 2022
Closed on
Nov 18, 2022
Sold by
Lee Jaesoo and Meehwa Kim
Bought by
Jani Lyrintais
Seller's Agent
Hyun Sook Kim
Windermere Real Estate/East
Buyer's Agent
Beth Kovacevich
Marketplace Sotheby's Intl Rty
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%
Views
10

Purchase Details

Closed on
Dec 13, 2016
Sold by
Gales David B and Gales Michael P
Bought by
Lee Jaesoo and Lee Meehwa Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,960
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2003
Sold by
Gales Louis
Bought by
Gales David B and Gales Michael P

Purchase Details

Closed on
Dec 9, 2002
Sold by
Gales David B and Gales Michael P
Bought by
Gales David B and Gales Michael P

Range of Values:

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Average Value
Not Available
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
Lyrintzis Jani -- Cw Title
Jani Lyrintais -- Commonwealth Land Title
Lee Jaesoo $539,950 Old Republic Title Ltd
Gales David B -- --
Gales David B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Jaesoo $378,300
Previous Owner Lee Jaesoo $404,960
Previous Owner Gales David B $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $900,000 -5.3% $353 / Sq Ft
11/04/2022 11/04/22 Pending -- -- --
11/03/2022 11/03/22 For Sale $950,000 -- $373 / 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 $7,715 $878,700 $465,600 $413,100
2024 $7,715 $885,600 $460,800 $424,800
2023 $7,392 $885,600 $470,300 $415,300
2022 $7,083 $718,400 $335,700 $382,700
2020 $5,676 $554,200 $270,900 $283,300
2019 $5,447 $533,000 $254,700 $278,300
2018 $5,372 $457,900 $221,400 $236,500
2017 $4,855 $421,200 $198,900 $222,300
2016 $4,582 $393,500 $180,000 $213,500
2015 $4,360 $341,400 $144,000 $197,400
2013 $3,632 $262,300 $107,100 $155,200
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2013881

Northwest Multiple Listing Service (NWMLS)

APN: 003781-000-001-00