NOT LISTED FOR SALE

Estimated Value: $705,385 - $831,000

4 Beds
4 Baths
1,820 Sq Ft
$421/Sq Ft Est. Value

Last Sold March 26, 2020

Last sale price $540,000 $297 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $4,668/month

2 Days on Market

Highlights

  • Secluded Lot
  • Patio
  • Wood Siding
  • Cul-De-Sac
  • Property is Fully Fenced
  • 5-minute walk to Madison Morgan Park

About This Home

As of March 2020

Great investment opportunity in the Madison neighborhood of Everett. Side by side townhomes with each unit being 2 bed, 1.5 baths & 1 car garage. Tons of upgrades & tons of extra parking. The best part is that you can double your return on investment by purchasing the identical duplex right next door (MLS 1566368). Both duplexes on a quiet shared driveway off of Cady Rd. Ask your agent for a complete list of updates. This is the nicest set of Multifamily properties on the market in this area.

Last Agent to Sell the Property

Joseph Witt

RADIUS PROPERTIES License #18858 Listed on: 02/26/2020

Last Buyer's Agent

Shelley Banoo

Skyline Properties, Inc. License #130145

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1566369

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,651

Year Built

  • Built in 1978

Lot Details

  • 0.34 Acre Lot
  • Cul-De-Sac
  • Property is Fully Fenced
  • Secluded Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,820 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Community Details

  • Madison Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00400000000702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,651

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1820
  • Special Features: None
  • Cumulative Days on Market: 297

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced, FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Snohmish PUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett
  • WaterSewerGarbage: 1800

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Everett
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00400000000702
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Fenced-Partially,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 3150

Multi Family

  • Gross Scheduled Income: 37800
  • Net Operating Income: 31376
  • Number Of Units Total: 2
  • Insurance Expense: 973
  • Leasable Area: 1820
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 3651

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2020
Closed on
Mar 25, 2020
Sold by
Olson Barton J and Olson Nanette
Bought by
Sakina Holdings Llc
Seller's Agent
Joseph Witt
RADIUS PROPERTIES
Buyer's Agent
Shelley Banoo
Skyline Properties, Inc.
List Price
$519,950
Sold Price
$540,000
Premium/Discount to List
$20,050
3.86%
Current Estimated Value
$766,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,596
Avg. Annual Appreciation
6.45%

Purchase Details

Closed on
Jul 20, 2018
Sold by
Olson Bart J and Olson Nancy L
Bought by
Olson Barton and Olson Nanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,912
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
May 28, 2015
Sold by
Parker Michael S and Parker Debora L
Bought by
Olson Bart J and Olson Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2003
Sold by
Chow Stanley L and Chow Doris H
Bought by
Parker Michael S and Parker Debora L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,175
Interest Rate
5.72%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 9, 2000
Sold by
Chow Stanley L and Chow Doris H
Bought by
Chow Stanley L and Chow Doris H
Source: Public Records

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Range of Values:

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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
Sakina Holdings Llc $540,000 Wfg Natl Ttl Co Of Wa Llc
Olson Barton $395,000 Cw Title And Escrow
Olson Bart J $270,000 First American
Parker Michael S $146,000 Fidelity National Title
Chow Stanley L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olson Barton $412,000
Previous Owner Olson Barton $403,595
Previous Owner Olson Barton $401,912
Previous Owner Olson Bart J $189,000
Previous Owner Parker Michael S $199,500
Previous Owner Parker Michael S $139,175
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2020 03/26/20 Sold $540,000 +3.9% $297 / Sq Ft
02/28/2020 02/28/20 Pending -- -- --
02/26/2020 02/26/20 For Sale $519,950 -- $286 / 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 $4,971 $581,500 $347,900 $233,600
2024 $4,971 $577,600 $344,000 $233,600
2023 $4,987 $606,100 $348,900 $257,200
2022 $4,422 $482,100 $260,900 $221,200
2020 $4,056 $360,600 $208,600 $152,000
2019 $3,651 $326,700 $200,800 $125,900
2018 $3,453 $283,300 $171,700 $111,600
2017 $3,122 $255,100 $141,600 $113,500
2016 $3,014 $258,900 $118,300 $140,600
2015 $2,901 $234,700 $101,900 $132,800
2013 $2,269 $161,900 $79,500 $82,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1566369

Northwest Multiple Listing Service (NWMLS)

APN: 004000-000-007-02