Listed by Agile Property Management LLC, Bought with Capstone Commercial
NOT LISTED FOR SALE

Estimated Value: $3,227,000 - $3,500,000

6 Beds
3 Baths
3,912 Sq Ft
$852/Sq Ft Est. Value

Last Sold November 25, 2019

Last sale price $2,087,500 $534 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $18,727/month

52 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Views of a Sound
  • 1-Story Property
  • Edmonds-Woodway High School Rated A-
  • Wood Flooring

About This Home

As of November 2019

Iconic Midcentury Sunset Ave Property on the waterfront. Beautifully remodeled with deluxe finishes. The rents are under market for pristine property such as this. Never a vacancy due to location. They fill up as fast as they move out (and who moves out...?) Walkable to everything Edmonds has to offer with western views of Puget Sound and the Olympic mountains. Daily sunsets and walks on the beach just steps away. Keep it as a rental or move into a unit.

Last Agent to Sell the Property

Theresa Neal

Agile Property Management LLC License #111615 Listed on: 08/20/2019

Last Buyer's Agent

David Dynes

Capstone Commercial License #112381

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1507943

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,931

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 95 x 117
  • Low Bank Waterfront Property
  • Waterfront

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 3,912 Sq Ft Home
  • 1-Story Property
  • Views of a Sound

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Downtown Edmonds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 52010000020004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,931

Year Built

Built in 1955 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1955
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3912
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Sound
  • View: Yes
  • Waterfront Features: Bank-Low
  • Waterfront: Yes
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Snohomish County PUD
  • SewerCompany: City of Edmonds
  • WaterCompany: City of Edmonds

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 52010000020004
  • Lot Size Acres: 0.26
  • Lot Size: 95 X 117
  • Lot Size Sq Ft: 11326
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 22
  • LeasedItems: None
  • TotalMonthlyIncome: 8395

Tax Info

  • Year: 2018
  • Tax Annual Amount: 13931

Multi Family

  • Number Of Units Total: 3
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2019
Closed on
Nov 8, 2019
Sold by
Linehan Timothy J
Bought by
Nielsen4 Llc
Seller's Agent
Theresa Neal
Agile Property Management LLC
Buyer's Agent
David Dynes
Capstone Commercial
List Price
$2,299,000
Sold Price
$2,087,500
Premium/Discount to List
-$211,500
-9.2%
Current Estimated Value
$3,332,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,244,942
Avg. Annual Appreciation
7.88%
Original Mortgage
$1,565,625
Outstanding Balance
$1,370,959
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$1,961,483

Purchase Details

Closed on
Aug 11, 2016
Sold by
Wilkinson James
Bought by
Linehan Timothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
3.41%
Mortgage Type
VA

Purchase Details

Closed on
Dec 14, 2005
Sold by
Hanvey Lester William
Bought by
Wilkinson James T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,500
Interest Rate
6.31%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nielsen4 Llc $2,087,500 First American Title
Linehan Timothy J $1,850,000 Chicago Title
Wilkinson James T $995,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nielsen4 Llc $1,565,625
Previous Owner Linehan Timothy J $1,350,000
Previous Owner Wilkinson James T $670,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2019 11/25/19 Sold $2,087,500 -4.2% $534 / Sq Ft
10/11/2019 10/11/19 Pending -- -- --
09/30/2019 09/30/19 Price Changed $2,180,000 -5.2% $557 / Sq Ft
08/20/2019 08/20/19 For Sale $2,299,000 -- $588 / 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 $17,682 $2,562,700 $2,122,500 $440,200
2024 $17,682 $2,485,200 $2,042,800 $442,400
2023 $16,765 $2,441,700 $1,905,800 $535,900
2022 $18,885 $2,261,300 $1,770,400 $490,900
2020 $16,747 $1,793,400 $1,448,300 $345,100
2019 $13,931 $1,502,700 $1,159,300 $343,400
2018 $13,400 $1,248,800 $955,900 $292,900
2017 $11,581 $1,129,300 $859,900 $269,400
2016 $9,242 $892,900 $634,400 $258,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1507943

Northwest Multiple Listing Service (NWMLS)

APN: 005201-000-002-00