NOT LISTED FOR SALE

539 Elm Way Unit A&B Edmonds, WA 98020

Pine Park Neighborhood

Estimated Value: $900,000 - $1,399,160

6 Beds
4 Baths
3,276 Sq Ft
$349/Sq Ft Est. Value

Last Sold September 27, 2013

Last sale price $400,000 $122 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $7,069/month

214 Days on Market

Highlights

  • Patio
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Edmonds Woodway High School Rated A-
  • Wood Siding
  • 5-minute walk to 7th & Elm Park

About This Home

As of September 2013

Fully leased Duplex in Edmonds Bowl zoned RM-3 allowing 1 unit per 3000sf on a 9,583sf lot. Take the income while planning to redevelop to 3 condo units. This unique property sits on a quiet inside corner 1/2 block off of 5th Ave S., just a short walk to downtown shopping and restaurants. Current rents are well below market for the area. Property to be sold as-is.

Last Listed By

Joel Johnson

Windermere Real Estate/East License #86422 Listed on: 12/01/2012

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 427756

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,289

Year Built

  • Built in 1969

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 123x78
  • Partially Fenced Property

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 3,276 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Community Details

  • Edmonds Bowl Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27032500214500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,289

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1969
  • Buyer Agency Compensation: ***3%***
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 3276
  • Special Features: None
  • Cumulative Days on Market: 408

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat, Torch Down
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 2094

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 27032500214500
  • Lot Size Acres: 0.22
  • Lot Size: 123x78
  • Lot Size Sq Ft: 9583
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 2325

Multi Family

  • Gross Scheduled Income: 27900
  • Net Operating Income: 13755
  • Number Of Units Total: 2
  • Insurance Expense: 1135
  • Leasable Area: 3276
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2012
  • Tax Annual Amount: 7289

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2012
Closed on
Sep 23, 2013
Sold by
Heckman Susan S
Bought by
Cerney Michael J
Seller's Agent
Joel Johnson
Windermere Real Estate/East
Buyer's Agent
Tess Guerzon
Triwood Realty
List Price
$474,950
Sold Price
$400,000
Premium/Discount to List
-$74,950
-15.78%
Total Days on Market
214
Current Estimated Value
$1,142,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$742,790
Avg. Annual Appreciation
10.23%
Original Mortgage
$300,000
Outstanding Balance
$229,742
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$1,014,192

Purchase Details

Closed on
Dec 12, 2012
Sold by
Heckman Susan S
Bought by
Heckman Susan S and Heckman David E

Purchase Details

Closed on
Jun 8, 2006
Sold by
Heckman David
Bought by
Heckman David and Heckman Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 5, 2006
Sold by
Heckman David
Bought by
Heckman David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

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
Cerney Michael J $400,280 Old Republic Title Ltd
Heckman Susan S $1,123 None Available
Heckman David -- Ticor Title
Heckman David -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cerney Michael J $300,000
Previous Owner Heckman David $400,000
Previous Owner Heckman David $364,000
Previous Owner Heckman Donald E $80,000
Previous Owner Heckman Donald E $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2013 09/27/13 Sold $400,000 -15.8% $122 / Sq Ft
07/04/2013 07/04/13 Pending -- -- --
12/01/2012 12/01/12 For Sale $474,950 -- $145 / 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 $8,431 $1,193,500 $776,200 $417,300
2024 $8,431 $1,183,500 $766,200 $417,300
2023 $7,237 $1,052,500 $766,200 $286,300
2022 $7,023 $840,000 $587,900 $252,100
2020 $8,427 $901,600 $512,900 $388,700
2019 $5,527 $595,400 $534,300 $61,100
2018 $5,201 $484,100 $259,200 $224,900
2017 $4,733 $461,000 $404,900 $56,100
2016 $4,591 $443,000 $352,200 $90,800
2015 $4,688 $426,000 $325,800 $100,200
2013 $7,052 $604,500 $364,200 $240,300
Source: Public Records

Agents Affiliated with this Home

  • Joel Johnson

    Seller's Agent in 2013

    Joel Johnson

    Windermere Corporate

    (425) 248-5259

    11 Total Sales

    Joel Johnson
    Section Image
  • Tess Guerzon

    Buyer's Agent in 2013

    Tess Guerzon

    Triwood Realty

    (206) 819-8377

    16 Total Sales

    Tess Guerzon
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 427756

Northwest Multiple Listing Service (NWMLS)

APN: 270325-002-145-00

Washington Snohomish County Edmonds 98020 Pine Park

539 Elm Way Unit A&B, Edmonds, WA

Homes for Sale in Edmonds, WA

This home is located at 539 Elm Way Unit A&B, Edmonds, WA 98020 since 01 December 2012 and is currently estimated at $1,142,790, approximately $348 per square foot. This property was built in 1969. 539 Elm Way Unit A&B is a home located in Snohomish County with nearby schools including Sherwood Elementary School, College Place Middle School, and Edmonds Woodway High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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