Listed by John L. Scott Anacortes, Bought with John L. Scott Skagit
NOT LISTED FOR SALE

631 S Alder St Unit 635 Burlington, WA 98233

Estimated Value: $584,191 - $732,000

4 Beds
1 Bath
2,008 Sq Ft
$326/Sq Ft Est. Value

Last Sold November 16, 2021

Last sale price $550,000 $274 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,890/month

41 Days on Market

Highlights

  • Mountain View
  • Property is Fully Fenced
  • 1-Story Property
  • Patio
  • Wall to Wall Carpet

About This Home

As of November 2021

Great duplex rental in the heart of Burlington. This duplex built in 2004 has 2,008sq ft total each unit is 1,004sq ft and has two identical units. Each unit has 2 bedrooms and a full spacious bathroom. Open concept living and dining room and good size kitchen with laundry as well. 1 car garage for each unit as well as fully fenced separated yards with patio's. All appliances are included in sale. Long term tenants that have kept the units looking great.

Last Agent to Sell the Property

Shalyce Pocock

John L. Scott Anacortes License #110990 Listed on: 07/09/2021

John L. Scott Anacortes

Last Buyer's Agent

PK Woolcock

John L. Scott Skagit License #109300

John L. Scott Skagit

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1804210

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,522

Year Built

  • Built in 2004

Lot Details

  • 7,651 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

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

Interior Spaces

  • 2,008 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Burlington Subdivision

Listing and Financial Details

  • Assessor Parcel Number P120870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,522

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2004
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2008
  • Special Features: None
  • Cumulative Days on Market: 408

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Lot Features: Alley, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Burlington
  • WaterCompany: Skagit County PUD
  • WaterSewerGarbage: 1722

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Burlington

Lot Info

  • Parcel Number: P120870
  • Lot Size Acres: 0.1756
  • Lot Size Sq Ft: 7651
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 24
  • LeasedItems: None
  • TotalMonthlyIncome: 2050

Multi Family

  • Gross Scheduled Income: 24600
  • Net Operating Income: 18727
  • Number Of Units Total: 2
  • Insurance Expense: 629
  • Leasable Area: 2008
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3522

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Nov 10, 2021
Sold by
Miller Herbert B and Miller Adela L
Bought by
Sungam Llc
Seller's Agent
Shalyce Pocock
John L. Scott Anacortes
Buyer's Agent
PK Woolcock
John L. Scott Skagit
List Price
$600,000
Sold Price
$550,000
Premium/Discount to List
-$50,000
-8.33%
Current Estimated Value
$654,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,048
Avg. Annual Appreciation
3.25%
Original Mortgage
$412,500
Outstanding Balance
$382,025
Interest Rate
3.01%
Mortgage Type
Credit Line Revolving
Estimated Equity
$239,335

Purchase Details

Closed on
Feb 29, 2016
Sold by
Miller Herbert B and Miller Adela L
Bought by
Herbert & Adela Miller Revocable Trust and Miller Adela L
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
Sungam Llc $550,000 Chicago Title
Herbert & Adela Miller Revocable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sungam Llc $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2021 11/16/21 Sold $550,000 0.0% $274 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
07/23/2021 07/23/21 Price Changed $550,000 -8.3% $274 / Sq Ft
07/09/2021 07/09/21 For Sale $600,000 -- $299 / 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 $4,249 $533,800 $269,700 $264,100
2023 $4,249 $513,300 $250,900 $262,400
2022 $3,798 $563,800 $261,000 $302,800
2021 $3,522 $401,000 $148,000 $253,000
2020 $3,560 $344,700 $0 $0
2019 $3,047 $328,000 $0 $0
2018 $3,413 $295,200 $0 $0
2017 $3,118 $257,100 $0 $0
2016 $2,706 $240,200 $85,000 $155,200
2015 $2,600 $222,500 $88,200 $134,300
2013 $3,100 $185,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1804210

Northwest Multiple Listing Service (NWMLS)

APN: P120870