NOT LISTED FOR SALE

Estimated Value: $979,000 - $1,032,693

6 Beds
6 Baths
3,524 Sq Ft
$284/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $985,500 $280 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,851/month

2 Days on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • No HOA
  • Deck
  • Wood Flooring
  • 4-minute walk to Howarth Park

About This Home

As of May 2024

Turn-Key Duplex Nestled at the end of a Private Driveway in Quiet Madison Neighborhood. These Bright & Pristine Units Offer 4 Beds, 2.5 Baths & a Generous 1762 SF. Units are Move-In Ready w/ Hardwoods on Main Floor, Granite Counters & Recently Refreshed w/ New Decks, Paint, Carpet, Blinds & Landscaping. Ample Parking w/ 2-car Garages & Extra Parking. Spacious Primaries Complete w/ Ensuite Baths & Large Walk-in-Closets. Living & Dining Equally Spacious w/ the Kitchen Boasting an Inviting Eating Bar. All Appliances Included + W/D. Conveniently Located Near Boeing, Paine Fld & I-5, this Property Offers Potential for Owner Occupancy, Investment, or Short-Term Rentals.A Great Investment Opportunity w/ Projected Rental Income Yielding a 6.2% CAP!

Last Agent to Sell the Property

Monica Kessler

John L. Scott Snohomish License #115566 Listed on: 04/12/2024

John L. Scott Snohomish

Last Buyer's Agent

Monica Kessler

John L. Scott Snohomish License #115566 Listed on: 04/12/2024

John L. Scott Snohomish

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2222178

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,019

Year Built

  • Built in 1995

Lot Details

  • 8,712 Sq Ft Lot
  • Open Space
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,524 Sq Ft Home
  • 3-Story Property
  • Territorial Views

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 12 Parking Spaces
  • 4 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck

Schools

  • Madison Elementary School
  • Evergreen Mid Middle School
  • Everett High School

Utilities

  • Forced Air Heating System
  • Propane
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Madison Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00400000003503

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,019

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1995
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3524
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Dead End Street, Open Space, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Snohomish County PUD
  • SewerCompany: Everett Public Works
  • WaterCompany: Everett Public Works

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 00400000003503
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Propane,RV Parking
  • MLSLotSizeSource: Tax Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • GrossRentMultiplier: 13.87
  • LeasedItems: None
  • TotalMonthlyIncome: 5700

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7018.77

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric,Propane
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Madison Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
May 6, 2024
Sold by
Bk Cady Road Llc
Bought by
Ghimire Rajendra and Poudel Devika
Seller's Agent
Monica Kessler
John L. Scott Snohomish
Buyer's Agent
Monica Kessler
John L. Scott Snohomish
List Price
$949,000
Sold Price
$985,500
Premium/Discount to List
$36,500
3.85%
Views
17
Current Estimated Value
$1,001,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,673
Avg. Annual Appreciation
1.00%
Original Mortgage
$837,675
Outstanding Balance
$825,794
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$175,379

Purchase Details

Closed on
May 19, 2020
Sold by
Fawcett Brett H and Fawcett Kathleen H
Bought by
Bk Cady Road Llc

Purchase Details

Closed on
Jun 30, 2010
Sold by
Coburn Heritage Trust
Bought by
Fawcett Brett H and Fawcett Kathleen H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.82%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 5, 2006
Sold by
Fawcett John C and Fawcett Patricia A
Bought by
Fawcett John C and Fawcett Patricia A

Purchase Details

Closed on
Sep 27, 2002
Sold by
Besset Camille
Bought by
Fawcett John C and Fawcett Patricia A

Purchase Details

Closed on
Mar 2, 2000
Sold by
Shah Sudhir and Shah Rekha
Bought by
Bessett Camille

Purchase Details

Closed on
Mar 7, 1995
Sold by
Sonshine Homes Inc
Bought by
Shah Sudhir and Shah Rekha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,800
Interest Rate
9.21%
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
Ghimire Rajendra $985,500 Fidelity National Title
Bk Cady Road Llc -- None Available
Fawcett Brett H $300,000 None Available
Fawcett John C -- None Available
Fawcett John C $235,320 --
Bessett Camille $320,000 Fidelity National Title
Shah Sudhir $217,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghimire Rajendra $837,675
Previous Owner Fawcett Brett H $255,000
Previous Owner Shah Sudhir $149,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2024 05/15/24 Sold $985,500 +3.8% $280 / Sq Ft
04/14/2024 04/14/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $949,000 -- $269 / 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 $7,019 $807,700 $345,000 $462,700
2024 $7,019 $816,100 $347,000 $469,100
2023 $7,110 $864,600 $352,000 $512,600
2022 $6,369 $694,700 $254,000 $440,700
2020 $6,483 $576,800 $203,000 $373,800
2019 $5,652 $506,100 $195,000 $311,100
2018 $5,386 $442,100 $167,000 $275,100
2017 $5,173 $423,000 $138,000 $285,000
2016 $3,803 $326,800 $115,000 $211,800
2015 $3,945 $319,300 $99,000 $220,300
2013 $3,543 $253,000 $77,000 $176,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2222178

Northwest Multiple Listing Service (NWMLS)

APN: 004000-000-035-03