NOT LISTED FOR SALE

Estimated Value: $1,090,000 - $1,409,000

5 Beds
5 Baths
3,384 Sq Ft
$380/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $1,160,000 $343 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,875/month

23 Days on Market

Highlights

  • Mountain View
  • Deck
  • Wall to Wall Carpet
  • Edmonds Woodway High School Rated A-
  • Wood Siding
  • 4-minute walk to 7th & Elm Park

About This Home

As of November 2021

In the Heart of Downtown Edmonds and Offering Sweeping Sound and Mountain Views. This 3 Unit Triplex Has Almost Zero Percent Vacancy. Each Level Has 2 Bedrooms and 1.75 Bath. With the Exception of the Lower Level. Gas Fireplaces. Washer and Dryer in Each Unit. Carport Parking with Additional Tandem Parking and Storage. Walk, Skip or Jump to All the Trendy Restaurants and Shops. What a Perfect Addition to Your Portfolio!

Last Listed By

Lio Suntay

Windermere Real Estate Co. License #40452 Listed on: 09/29/2021

Windermere Real Estate Co.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1846257

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,600

Year Built

  • Built in 1967

Lot Details

  • 6,098

Home Design

  • Triplex
  • Flat Roof Shape
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 3,384 Sq Ft Home
  • 3-Story Property
  • Wall to Wall Carpet
  • Mountain Views

Parking

  • 9 Parking Spaces
  • Open Parking

Schools

  • Sherwood Elemsw Elementary School
  • College Pl Mid Middle School
  • Edmonds Woodway High School

Additional Features

  • Deck
  • 6,098 Sq Ft Lot
  • Cable TV Available

Community Details

  • Highlands Park Condos
  • Edmonds Bowl Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 004722000007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,600

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: HIGHLANDS PARK
  • New Construction: No
  • CalculatedSquareFootage: 3384
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 280

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat, Torch Down
  • View: Mountain(s)
  • Lot Features: Curbs, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Edmonds
  • High School: Edmonds Woodway High
  • Middle Or Junior School: College Pl Mid

Lot Info

  • Parcel Number: 004722000007
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: REALIST
  • ZoningClass: Multi-Family
  • LotNumber: 7

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 4575

Multi Family

  • Net Operating Income: 5140
  • Number Of Units Total: 3
  • Leasable Area: 3384
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6600

MLS Schools

  • Elementary School: Sherwood ElemSw

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2021
Closed on
Nov 26, 2021
Sold by
Ocher Gary
Bought by
Clark Jeffrey T and Dean Colby M
Seller's Agent
Lio Suntay
Windermere Real Estate Co.
Buyer's Agent
Jennifer Reyer
Windermere Real Estate M2 LLC
List Price
$1,400,000
Sold Price
$1,160,000
Premium/Discount to List
-$240,000
-17.14%
Total Days on Market
23
Current Estimated Value
$1,286,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,645
Avg. Annual Appreciation
4.75%
Original Mortgage
$812,000
Outstanding Balance
$759,988
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$602,763

Purchase Details

Closed on
Aug 28, 2015
Sold by
Wilson Beth
Bought by
Ocher Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2013
Sold by
Hilyer Bruce William
Bought by
Ocher Gary J and Wilson Ocher Beth E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2003
Sold by
Hilyer Bruce W
Bought by
Hilyer Bruce W and Stotland Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 1999
Sold by
Hilyer Rhonda L
Bought by
Hilyer Bruce W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.91%

Purchase Details

Closed on
Apr 1, 1999
Sold by
Smith Walter K
Bought by
Hilyer Bruce W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.91%

Purchase Details

Closed on
Feb 13, 1998
Sold by
Smith Ragnild Harrington
Bought by
Smith Walter A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,850
Interest Rate
6.97%

Purchase Details

Closed on
Jan 2, 1996
Sold by
Smith Walter A
Bought by
Smith Ragnhild Harrington

Purchase Details

Closed on
Apr 7, 1995
Sold by
Johanson David Duane and Johanson Martha L
Bought by
Smith Ragnhild Harrington

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,850
Interest Rate
8.81%

Purchase Details

Closed on
Apr 6, 1995
Sold by
Smith Ragnhild Harrington
Bought by
Smith Walter A and Smith Ragnhild Harrington

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,850
Interest Rate
8.81%

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
Clark Jeffrey T $1,160,000 First American Title
Ocher Gary -- Wfg Natl Title
Ocher Gary J $520,280 First American
Hilyer Bruce W -- Transnation Title Insurance
Hilyer Bruce W -- Fidelity National Title
Hilyer Bruce W $350,000 Fidelity National Title
Smith Walter A -- --
Smith Ragnhild Harrington -- Chicago Title Company
Smith Ragnhild Harrington $322,500 Chicago Title Ins Co
Smith Walter A -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dean Colby M $100,000
Open Clark Jeffrey T $812,000
Previous Owner Ocher Gary $384,000
Previous Owner Ocher Gary J $390,000
Previous Owner Hilyer Bruce W $209,000
Previous Owner Hilyer Bruce W $240,000
Previous Owner Hilyer Bruce W $245,000
Previous Owner Smith Walter A $241,850
Previous Owner Smith Ragnhild Harrington $241,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $1,160,000 -17.1% $343 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
09/29/2021 09/29/21 For Sale $1,400,000 -- $414 / 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 $8,495 $1,208,800 $651,200 $557,600
2024 $8,495 $1,192,600 $651,200 $541,400
2023 $7,297 $1,061,300 $651,200 $410,100
2022 $7,384 $883,200 $528,700 $354,500
2020 $7,128 $762,500 $453,700 $308,800
2019 $6,892 $742,600 $340,000 $402,600
2018 $7,140 $664,800 $309,500 $355,300
2017 $5,687 $554,000 $257,600 $296,400
2016 $5,470 $528,000 $224,100 $303,900
2015 $5,590 $508,000 $207,300 $300,700
2013 $5,430 $465,400 $231,700 $233,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1846257

Northwest Multiple Listing Service (NWMLS)

APN: 004722-000-007-00