Listed by HomeSmart Real Estate Assoc, Bought with Specialty Real Estate Group
NOT LISTED FOR SALE

5504 64th St NE Unit A - B Marysville, WA 98270

Jennings Park Neighborhood

Estimated Value: $815,000 - $932,000

5 Beds
4 Baths
2,864 Sq Ft
$308/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $860,000 $300 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,449/month

10 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Ceramic Tile Flooring
  • Deck
  • Patio
  • 4-minute walk to Jennings Nature Park

About This Home

As of May 2022

Fantastic opportunity to purchase a stable & consistent cash flowing property on 1/3 acre or move into one side and rent the other. CAP RATE OF 5.1%, no vacancies during last 4 years, & total income of $52,800 yearly. Tenants pay all utilities. Duplex is 2864 sq ft - 1432 sq ft per side.Unit A is a 2 bed/2bath w/1 car garage. Fully fenced yard and automatic sprinklers.Unit B is a 3 bed/2bath with extra bonus room and RV parking on the side and automatic sprinklers. Garage converted to bonus room for extra 200 sq ft of living space.All tucked into a quiet residential street dead end St. With plenty of street parking for visitors this duplex is a fantastic low maintenance asset. *PLEASE DO NOT DISTURB TENANTS*

Last Agent to Sell the Property

Bobby Wright

HomeSmart Real Estate Assoc License #117127 Listed on: 03/21/2022

HomeSmart Real Estate Assoc

Last Buyer's Agent

Michael Jiang

Specialty Real Estate Group License #138487

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1901258

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,124

Year Built

  • Built in 1984

Lot Details

  • 0.36 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Sprinkler System

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,864 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

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

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Marysville Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30052700306900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,124

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1984
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2864
  • Special Features: None
  • Cumulative Days on Market: 349

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Marysville
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 30052700306900
  • Lot Size Acres: 0.36
  • Lot Size Sq Ft: 15682
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Outbuildings,Patio,RV Parking,Sprinkler System
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17.04
  • LeasedItems: None
  • TotalMonthlyIncome: 4400

Multi Family

  • Gross Scheduled Income: 52800
  • Net Operating Income: 45504
  • Number Of Units Total: 2
  • Insurance Expense: 1172
  • Leasable Area: 3200
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6124

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2022
Closed on
Apr 29, 2022
Sold by
Wentz Phillip M
Bought by
Zhang Ziqi and Huang Xinyun
Seller's Agent
Bobby Wright
HomeSmart Real Estate Assoc
Buyer's Agent
Michael Jiang
Specialty Real Estate Group
List Price
$899,950
Sold Price
$860,000
Premium/Discount to List
-$39,950
-4.44%
Current Estimated Value
$903,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,753
Avg. Annual Appreciation
2.76%

Purchase Details

Closed on
Mar 1, 2008
Sold by
Wright Robert R
Bought by
Wright Rhonda

Purchase Details

Closed on
Nov 2, 2005
Sold by
Wright Robert R
Bought by
Wentz Phillip M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 5, 2002
Sold by
Stone Judith J
Bought by
Wright Robert R and Judith J Stone Family Trust
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
Zhang Ziqi $860,000 First American Title
Wright Rhonda $56,179 Commonwealth Land Title
Wentz Phillip M $150,280 First American
Wright Robert R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wentz Phillip M $300,125
Previous Owner Wentz Rhonda L $70,125
Previous Owner Wentz Phillip M $187,499
Previous Owner Wentz Rhonda $184,356
Previous Owner Wentz Phillip M $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2022 05/02/22 Sold $860,000 +1.2% $300 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
03/30/2022 03/30/22 Price Changed $849,950 -5.6% $297 / Sq Ft
03/21/2022 03/21/22 For Sale $899,950 -- $314 / 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 $6,017 $801,500 $262,300 $539,200
2024 $6,017 $755,200 $228,800 $526,400
2023 $4,538 $758,900 $243,700 $515,200
2022 $6,124 $605,400 $219,500 $385,900
2020 $5,471 $494,600 $175,800 $318,800
2019 $4,068 $444,400 $160,000 $284,400
2018 $4,833 $417,400 $134,900 $282,500
2017 $4,260 $376,200 $114,400 $261,800
2016 $3,841 $325,800 $99,500 $226,300
2015 $3,661 $289,500 $85,600 $203,900
2013 $3,088 $232,400 $62,000 $170,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1901258

Northwest Multiple Listing Service (NWMLS)

APN: 300527-003-069-00