Listed by KW North Sound, Bought with K Properties NW
NOT LISTED FOR SALE

616 Main St Sultan, WA 98294

Estimated Value: $507,430

4 Beds
1 Bath
2,782 Sq Ft
$182/Sq Ft Est. Value

Last Sold April 01, 2024

Last sale price $502,500 $181 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,954/month

7 Days on Market

Highlights

  • Deck
  • No HOA
  • Wood Siding
  • Territorial View
  • High Speed Internet
  • 3-minute walk to Travelers Park

About This Home

As of April 2024

[HWY 2 FRONTAGE] Total of 3 units, bringing in $3,650 monthly. UC Zoning (Urban Center) which is Commercial and Residential. 432 sqft Business currently used as a Tattoo Shop. 2 story home behind Tattoo shop with 2 separate units. 1092 sqft 2 bed 1 bath Lower unit along with a 670 sqft 1 bed 1 bath upper unit. Laundry in lower unit, laundry is shared. All tenants are month to month. Live in the home and run your business out of the front office. Priced to sell based on condition, the residential side has some deferred maintenance; Roof, gutters, exterior paint, interior paint and flooring. The best priced Multi Family in the entire Snohomish County!

Last Agent to Sell the Property

Lance Otto

KW North Sound License #85874 Listed on: 02/23/2024

KW North Sound

Last Buyer's Agent

Kari Hovde

K Properties NW License #23643

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2203165

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,467

Year Built

  • Built in 1917

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 72x130

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,782 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Deck

Schools

  • Sultan Snr High School

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Sultan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27080500200500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,467

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1917
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2782
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: City of Sultan
  • WaterCompany: City of Sultan

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sultan
  • High School: Sultan Snr High

Lot Info

  • Parcel Number: 27080500200500
  • Lot Size Acres: 0.21
  • Lot Size: 72x130
  • Lot Size Sq Ft: 9148
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 10.8
  • LeasedItems: None
  • TotalMonthlyIncome: 3650

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2467

Multi Family

  • Number Of Units Total: 3
  • Electric Expense: 3145
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Mar 27, 2024
Sold by
Zarley Patricia J and Larner Patricia J
Bought by
Elledge R Todd R and Elledge Kristina K
Seller's Agent
Lance Otto
KW North Sound
Buyer's Agent
Kari Hovde
K Properties NW
List Price
$475,000
Sold Price
$502,500
Premium/Discount to List
$27,500
5.79%
Views
30
Current Estimated Value
$507,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,930
Avg. Annual Appreciation
0.54%

Purchase Details

Closed on
Jan 18, 2000
Sold by
Wojahn John R
Bought by
Larner Mark S and Zarley Patricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
8.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 1994
Sold by
Defigh Reggie V
Bought by
Wojahn John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
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
Elledge R Todd R $502,500 Chicago Title
Larner Mark S -- Evergreen Title Company Inc
Wojahn John R $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larner Mark S $135,000
Previous Owner Wojahn John R $97,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2024 04/01/24 Sold $502,500 +5.8% $181 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $475,000 -- $171 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $3,127 $416,800 $230,300 $186,500
2024 $3,127 $353,000 $201,600 $151,400
2023 $2,467 $315,200 $177,400 $137,800
2022 $2,536 $278,200 $157,400 $120,800
2020 $2,737 $273,100 $137,800 $135,300
2019 $2,069 $214,600 $84,100 $130,500
2018 $2,120 $178,000 $106,800 $71,200
2017 $2,141 $178,000 $54,900 $123,100
2016 $2,188 $178,000 $54,900 $123,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2203165

Northwest Multiple Listing Service (NWMLS)

APN: 270805-002-005-00