Listed by American Dream R.E. East LLC, Bought with Integris Real Estate
NOT LISTED FOR SALE

623 S Alder St Unit 625 Burlington, WA 98233

Estimated Value: $665,000 - $718,000

4 Beds
2 Baths
2,240 Sq Ft
$310/Sq Ft Est. Value

Last Sold June 13, 2024

Last sale price $671,500 $300 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,126/month

3 Days on Market

Highlights

  • No HOA
  • Concrete Flooring
  • Property is in very good condition

About This Home

As of June 2024

Fantastic Duplex, a terrific location right in Burlington walking distance to everything and just minutes to I-5! Each unit is 1110 sqft + townhouse style,3 bedrooms & 2 full baths, and an attached garage and back patios! Granite countertops and radiant heat cement flooring offer energy efficiency, low maintenance, and durability. Minimal owner costs as EACH unit is separately metered for Water/Power/Gas/Sewer/Garbage! The vacant unit was just completely redone with new paint & flooring throughout and a new garage door & lift. Ready for a new tenant or live in one side and offset your mortgage with the rental income. Built in 2009 and in great shape, low maintenance yards as well. Don't miss out!!!

Last Agent to Sell the Property

Mark Redis

American Dream R.E. East LLC License #18885 Listed on: 05/31/2024

Co-Listed By

Leonard Johnson

American Dream R. E. Services License #11184

Last Buyer's Agent

Jason Boggs

Integris Real Estate License #23016594

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2244348

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,406

Year Built

  • Built in 2009

Lot Details

  • 4,949 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Concrete

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Radiant Heating System
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Burlington Subdivision

Listing and Financial Details

  • Assessor Parcel Number 127859

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,406

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2009
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2240
  • Special Features: None
  • Cumulative Days on Market: 371

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Concrete, Laminate, Carpet
  • Interior Amenities: Concrete, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • 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
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Burlington
  • WaterCompany: Skagit PUD
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Burlington

Lot Info

  • Parcel Number: 127859
  • Lot Size Acres: 0.1136
  • Lot Size Sq Ft: 4949
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County
  • MLSSquareFootageSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.5
  • LeasedItems: None
  • TotalMonthlyIncome: 4000

Multi Family

  • Gross Scheduled Income: 48000
  • Net Operating Income: 45600
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 2240
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4406

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Jun 12, 2024
Sold by
Norton Gala Maria
Bought by
Alder Dupe Llc
Seller's Agent
Mark Redis
American Dream R.E. East LLC
Buyer's Agent
Jason Boggs
Integris Real Estate
List Price
$649,000
Sold Price
$671,500
Premium/Discount to List
$22,500
3.47%
Views
2
Current Estimated Value
$695,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,900
Avg. Annual Appreciation
2.86%

Purchase Details

Listed on
Jul 19, 2018
Closed on
Dec 1, 2018
Sold by
Dobyns Family Llc
Bought by
Norton Gala Maria
Seller's Agent
Matthew Johnson
John L. Scott Everett
Buyer's Agent
Anthony Zapata
Keller Williams Western Realty
List Price
$490,000
Sold Price
$480,000
Premium/Discount to List
-$10,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%

Purchase Details

Listed on
Jul 26, 2017
Closed on
Aug 14, 2017
Sold by
H & F Investments Llc
Bought by
Dobyns Family Llc
Seller's Agent
Kevin Huntley
HomeSmart One Realty
Buyer's Agent
Matthew Johnson
John L. Scott Everett
List Price
$390,000
Sold Price
$390,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.18%
Original Mortgage
$3,000,000
Interest Rate
4.03%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Alder Dupe Llc $671,500 Chicago Title Company
Norton Gala Maria $480,000 Chicago Title
Dobyns Family Llc $390,000 Land Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dobyns Family Llc $3,000,000
Previous Owner H & F Investments Llc $268,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2024 06/13/24 Sold $671,500 +3.5% $300 / Sq Ft
06/03/2024 06/03/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $649,000 +35.2% $290 / Sq Ft
12/07/2018 12/07/18 Sold $480,000 -1.0% $214 / Sq Ft
10/24/2018 10/24/18 Pending -- -- --
09/11/2018 09/11/18 Price Changed $485,000 -1.0% $217 / Sq Ft
08/10/2018 08/10/18 For Sale $490,000 0.0% $219 / Sq Ft
08/02/2018 08/02/18 Pending -- -- --
07/31/2018 07/31/18 Price Changed $490,000 -0.4% $219 / Sq Ft
07/26/2018 07/26/18 Price Changed $492,000 -0.6% $220 / Sq Ft
07/19/2018 07/19/18 For Sale $495,000 +26.9% $221 / Sq Ft
08/16/2017 08/16/17 Sold $390,000 0.0% $174 / Sq Ft
07/29/2017 07/29/17 Pending -- -- --
07/26/2017 07/26/17 For Sale $390,000 -- $174 / 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
2024 $4,407 $552,900 $269,700 $283,200
2023 $4,407 $532,300 $250,900 $281,400
2022 $3,924 $585,700 $261,000 $324,700
2021 $3,638 $414,300 $148,000 $266,300
2020 $3,679 $356,100 $0 $0
2019 $3,147 $339,000 $0 $0
2018 $3,528 $304,900 $0 $0
2017 $3,224 $265,800 $0 $0
2016 $2,870 $248,400 $85,000 $163,400
2015 $2,759 $236,000 $88,200 $147,800
2013 $3,288 $196,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2244348

Northwest Multiple Listing Service (NWMLS)

APN: P127859