Listed by Skyline Properties, Inc., Bought with Crosby & Co Real Estate
NOT LISTED FOR SALE

700 W Maple St Unit 1-28 Monroe, WA 98272

7 Beds
4 Baths
25,472 Sq Ft
2.04 Acres

Last Sold September 12, 2016

Last sale price $2,885,000 $113 Per Sq Ft

10 Days on Market

Highlights

  • 2.04 Acre Lot
  • Thermal Windows
  • Patio
  • Mountain View
  • Cul-De-Sac
  • Partially Fenced Property

About This Home

As of September 2016

Perfect Value Add Opportunity!! Full of potential! Current Cap Rate 4.8 Pro-Forma Cap Rate 7.5%. 28 Units + One Office- 20 Two Bedroom/1 Bath and 8 three bedroom/2 Bath units Large Property over 2 acres set back on private Cul-de-sac. 36% off all housing in the area is renter occupied. 5 minutes to downtown shopping, freeway and schools. Property is 100% occupied and includes amenities such as two playgrounds, coin operated laundry.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 05/16/2016

Skyline Properties, Inc.

Co-Listed By

Dan Swanson

Kidder Mathews License #13533

Last Buyer's Agent

David Yuchasz

Crosby & Co Real Estate License #25170

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 940563

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,098

Year Built

  • Built in 1982

Lot Details

  • 2.04 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 25,472 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Mountain Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 50 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Monroe High School

Utilities

  • Cable TV Available

Community Details

  • Monroe Subdivision

Listing and Financial Details

  • Assessor Parcel Number 27060100202300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,098

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1982
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 25472
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Playground,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Lot Features: Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 50
  • Open Parking: Yes
  • Total Parking Spaces: 50
  • ParkingUncoveredSpaces: 50

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 45084

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 27060100202300
  • Lot Size Acres: 2.04
  • Lot Size Sq Ft: 88862
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Outbuildings,Patio
  • MLSLotSizeSource: realist
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 27162

Multi Family

  • Gross Scheduled Income: 325944
  • Net Operating Income: 139402
  • Number Of Units Total: 3
  • Electric Expense: 3304
  • Insurance Expense: 7099
  • Leasable Area: 25472
  • UnitsInBuildingTotal: 28
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2016
  • Tax Annual Amount: 26098

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2016 09/12/16 Sold $2,885,000 0.0% $113 / Sq Ft
06/04/2016 06/04/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $2,885,000 -- $113 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Donna Marshall

    Seller's Agent in 2016

    Donna Marshall

    Skyline Properties, Inc

    (425) 422-0954

    34 Total Sales

    Donna Marshall
    Section Image
  • Dan Swanson

    Seller Co-Listing Agent in 2016

    Dan Swanson

    Kidder Mathews

    (425) 444-6501

    56 Total Sales

    Dan Swanson
    Section Image

  • D

    Buyer's Agent in 2016

    David Yuchasz

    Crosby & Co Real Estate

    (206) 799-1660

    9 Total Sales

    David Yuchasz
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 940563

Northwest Multiple Listing Service (NWMLS)
Washington Snohomish County Monroe 98272

700 W Maple St Unit 1-28, Monroe, WA

This home is located at 700 W Maple St Unit 1-28, Monroe, WA 98272 since 16 May 2016. This property was built in 1982. 700 W Maple St Unit 1-28 is a home located in Snohomish County with nearby schools including Frank Wagner Elementary School, Monroe High School, and Monroe Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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