NOT LISTED FOR SALE

Estimated Value: $796,000 - $1,003,000

6 Beds
4 Baths
2,324 Sq Ft
$372/Sq Ft Est. Value

Last Sold March 13, 2020

Last sale price $559,000 $241 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,276/month

12 Days on Market

Highlights

  • Secluded Lot
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Patio
  • Wood Siding

About This Home

As of March 2020

S.Everett,Built in 1993!Large Town home Duplex,3 bedroom/1.5 bath/1 car garage,bay windows in living room,private fenced back patio area for each unit,Duplex sits back on Private Long drive way, Everett is rapidly growing and appreciating,7 minutes to new Airport and Boeing,I-5,Best Value on the market-Rare opportunity for owner user to occupy.CAP Rate potential 6.75++% Sold Vacant-Estimated market rent/expenses.Market rents approx $1850-2000 a month w/cosmetic updates.Sold "as-is"

Last Listed By

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 01/30/2020

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1554650

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,636

Year Built

  • Built in 1993

Lot Details

  • 8,276 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,324 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

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

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Madison Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00393000006001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,636

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1993
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2324
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 262

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved, Secluded, Sidewalk
  • 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: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PUD
  • SewerCompany: CITY OF EVERETT
  • WaterCompany: city of Everett
  • WaterSewerGarbage: 3000

Schools

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

Lot Info

  • Parcel Number: 00393000006001
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 3610

Multi Family

  • Gross Scheduled Income: 44400
  • Net Operating Income: 31784
  • Number Of Units Total: 2
  • Insurance Expense: 2100
  • Leasable Area: 2324
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4636

MLS Schools

  • Elementary School: Madison Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2021
Sold by
Wel Qing
Bought by
Chan Jack
Total Days on Market
12
Current Estimated Value
$864,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Outstanding Balance
$404,907
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$417,691

Purchase Details

Listed on
Jan 30, 2020
Closed on
Feb 28, 2020
Sold by
Housing Authority Of The City Of Everett
Bought by
Chan Jack and Wei Qing
Seller's Agent
Donna Marshall
Skyline Properties, Inc.
Buyer's Agent
Zoe Wei
Kelly Right RE of Seattle LLC
List Price
$480,000
Sold Price
$559,000
Premium/Discount to List
$79,000
16.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.76%
Original Mortgage
$419,250
Interest Rate
3.5%
Mortgage Type
New Conventional

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
Chan Jack -- Chicago Title
Chan Jack -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Jack $445,000
Previous Owner Chan Jack $419,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2020 03/13/20 Sold $559,000 +16.5% $241 / Sq Ft
02/11/2020 02/11/20 Pending -- -- --
01/30/2020 01/30/20 For Sale $480,000 -- $207 / 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 $5,799 $672,100 $338,100 $334,000
2024 $5,799 $674,100 $340,100 $334,000
2023 $5,849 $711,000 $341,400 $369,600
2022 $4,634 $505,300 $241,300 $264,000
2020 $3,914 $415,700 $192,900 $222,800
2019 $0 $369,600 $185,300 $184,300
2018 $0 $322,000 $158,700 $163,300
2017 -- $286,900 $131,100 $155,800
2016 -- $282,400 $109,300 $173,100
2015 -- $273,600 $94,100 $179,500
2013 -- $230,500 $77,000 $153,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1554650

Northwest Multiple Listing Service (NWMLS)

APN: 003930-000-060-01