Listed by John L. Scott Mill Creek, Bought with Windermere RE North, Inc.
NOT LISTED FOR SALE

Estimated Value: $978,322 - $1,175,000

7 Beds
4 Baths
3,529 Sq Ft
$314/Sq Ft Est. Value

Last Sold May 17, 2023

Last sale price $900,000 $255 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,538/month

64 Days on Market

Highlights

  • Mountain View
  • Corner Lot
  • Patio
  • Deck
  • No HOA
  • Vinyl Plank Flooring

About This Home

As of May 2023

Profitable turnkey 4-plex in the Pinehurst neighborhood in Everett offering great mountain views! This property has provided a consistently low vacancy rate with long-term tenants that have allowed strong cash flow and a good cap rate along with its coin-operated laundry for additional income. This property features ample parking and has been recently updated and offers newer paint, newer carpet, and flooring. Close to public transit, freeway entrances, shopping, downtown Everett, Everett Clinic, and Schools while only being minutes from Amazon, Boeing and I -5. Long term owner is retiring.

Last Agent to Sell the Property

T.C. Hyatt

John L. Scott Mill Creek License #26873 Listed on: 02/10/2023

John L. Scott Mill Creek

Co-Listed By

John Miller

John L. Scott Snohomish License #1155

Last Buyer's Agent

Eldon Guerrero

Windermere RE North, Inc. License #117661

Windermere RE North, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2033945

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,600

Year Built

  • Built in 1968

Lot Details

  • 6,098 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,529 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Lowell Elementary School
  • Evergreen Mid Middle School
  • Cascade High School

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Pinehurst Division Condos
  • Pinehurst Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00544801300900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,600

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Pinehurst Division
  • New Construction: No
  • CalculatedSquareFootage: 3529
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Torch Down
  • View: Mountain(s), Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Stucco, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 7020

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett
  • High School: Cascade High
  • Middle Or Junior School: Evergreen Mid

Lot Info

  • Parcel Number: 00544801300900
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 5775

Multi Family

  • Gross Scheduled Income: 72300
  • Net Operating Income: 55929
  • Number Of Units Total: 4
  • Electric Expense: 576
  • Insurance Expense: 2175
  • Leasable Area: 3529
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6600

MLS Schools

  • Elementary School: Lowell Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2023
Closed on
May 10, 2023
Sold by
Doyle Rodrick L
Bought by
Sadikaj Hysni and Qarri Agela
Seller's Agent
T.C. Hyatt
John L. Scott Mill Creek
Buyer's Agent
Eldon Guerrero
Windermere RE North, Inc.
List Price
$973,500
Sold Price
$900,000
Premium/Discount to List
-$73,500
-7.55%
Views
218
Current Estimated Value
$1,108,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,331
Avg. Annual Appreciation
9.10%
Original Mortgage
$675,000
Outstanding Balance
$655,852
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$452,479

Purchase Details

Closed on
Mar 6, 2000
Sold by
Morgan Glenn E and Morgan Mary S
Bought by
Doyle Rodrick L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,119
Interest Rate
8.27%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 23, 1999
Sold by
Woodard Troy R and Woodard Judith E
Bought by
Morgan Glenn E and Morgan Mary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,300
Interest Rate
7.05%
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
Sadikaj Hysni $900,000 Fidelity National Title
Doyle Rodrick L $230,000 --
Morgan Glenn E $177,000 Evergreen Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sadikaj Hysni $675,000
Previous Owner Doyle Rodrick L $228,119
Previous Owner Morgan Glenn E $159,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2023 05/17/23 Sold $900,000 -4.3% $255 / Sq Ft
04/15/2023 04/15/23 Pending -- -- --
04/12/2023 04/12/23 Price Changed $939,950 -3.4% $266 / Sq Ft
02/10/2023 02/10/23 For Sale $973,500 -- $276 / 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 $7,665 $878,400 $307,100 $571,300
2024 $7,665 $891,400 $294,500 $596,900
2023 $6,633 $806,500 $274,500 $532,000
2022 $6,600 $720,000 $216,900 $503,100
2020 $7,630 $679,000 $183,000 $496,000
2019 $6,420 $575,000 $146,500 $428,500
2018 $6,090 $500,000 $105,500 $394,500
2017 $5,503 $450,000 $105,500 $344,500
2016 $4,131 $355,000 $105,500 $249,500
2015 $4,139 $335,000 $103,300 $231,700
2013 $4,340 $310,000 $93,900 $216,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2033945

Northwest Multiple Listing Service (NWMLS)

APN: 005448-013-009-00