NOT LISTED FOR SALE

701 N 1st St Mount Vernon, WA 98273

Estimated Value: $831,000 - $920,000

8 Beds
1 Bath
3,292 Sq Ft
$265/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $825,000 $251 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,276/month

34 Days on Market

Highlights

  • Deck
  • High Speed Internet
  • Wall to Wall Carpet
  • No HOA

About This Home

As of February 2022

Well maintained four-plex in growing Mount Vernon, WA! Each unit features two bedrooms, one bath, all appliances, including dishwashers. Below market rents, some tenants have been in building over five years - a lot of room for upside. Owners have updated each unit as vacancies occurred. Each unit separately metered for electric and gas. Exterior vinyl, concrete-tile siding and 1990's construction means modern wiring, plumbing, etc. for reduced expenses. Contact your agent for additional info - please do not contact or bother tenants!

Last Agent to Sell the Property

Jim Glackin

Windermere RE Skagit Valley License #73821 Listed on: 12/10/2021

Windermere RE Skagit Valley

Co-Listed By

Terri Heyntsen

Windermere RE Skagit Valley License #50042

Last Buyer's Agent

Chris Vazquez

Hammer Properties NW Inc. License #108106

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1871060

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,974

Year Built

  • Built in 1993

Lot Details

  • 0.28 Acre Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,292 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Mount Vernon Subdivision

Listing and Financial Details

  • Assessor Parcel Number P26562

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,974

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1993
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3292
  • Special Features: None
  • Cumulative Days on Market: 287

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement/Concrete, See Remarks, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: city of Mount Vernon
  • WaterCompany: Skagit County PUD #1
  • WaterSewerGarbage: 4972

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mount Vernon

Lot Info

  • Parcel Number: P26562
  • Lot Size Acres: 0.2846
  • Lot Size Sq Ft: 12398
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Gas Available,High Speed Internet
  • MLSLotSizeSource: Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16.93
  • LeasedItems: None
  • TotalMonthlyIncome: 4185

Multi Family

  • Gross Scheduled Income: 50220
  • Net Operating Income: 35127
  • Number Of Units Total: 4
  • Electric Expense: 300
  • Insurance Expense: 1843
  • Leasable Area: 3292
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6974

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2022
Sold by
Jake Hanby
Bought by
701 N 1St St Llc
Total Days on Market
34
Current Estimated Value
$870,922

Purchase Details

Listed on
Dec 10, 2021
Closed on
Feb 28, 2022
Sold by
Stavig Eric C and Stavig Patricia L
Bought by
Hanby Jake
Seller's Agent
Jim Glackin
Windermere RE Skagit Valley
Buyer's Agent
Chris Vazquez
Hammer Properties NW Inc.
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2007
Sold by
Roman Thomas J
Bought by
Stavig Eric C and Stavig Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 23, 2006
Sold by
Daut James A and Poppe Walter E
Bought by
Roman Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,400
Interest Rate
6.87%
Mortgage Type
New Conventional
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
701 N 1St St Llc -- None Listed On Document
Hanby Jake $825,000 Guardian Northwest Title
Stavig Eric C $415,000 Chicago Title Company Island
Roman Thomas J $378,258 Land Title Company Of Skagit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hanby Jake $607,500
Previous Owner Stavig Eric C $335,100
Previous Owner Stavig Eric C $332,000
Previous Owner Roman Thomas J $302,400
Closed Roman Thomas J $75,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2022 02/28/22 Sold $825,000 -2.9% $251 / Sq Ft
01/13/2022 01/13/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $850,000 0.0% $258 / Sq Ft
12/27/2021 12/27/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $850,000 -- $258 / 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 $7,852 $823,500 $336,000 $487,500
2023 $7,852 $768,100 $283,100 $485,000
2022 $7,025 $708,200 $243,800 $464,400
2021 $6,974 $599,000 $226,900 $372,100
2020 $6,564 $553,200 $0 $0
2019 $5,862 $506,200 $0 $0
2018 $6,653 $512,000 $0 $0
2017 $5,233 $447,200 $0 $0
2016 $5,283 $354,800 $115,200 $239,600
2015 $5,378 $354,800 $115,200 $239,600
2013 $4,682 $304,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Glackin

    Seller's Agent in 2022

    Jim Glackin

    Windermere Corporate

    (360) 428-2828

    78 Total Sales

    Jim Glackin
    Section Image

  • T

    Seller Co-Listing Agent in 2022

    Terri Heyntsen

    Windermere Corporate

    (360) 391-0938

    19 Total Sales

    Terri Heyntsen
    Section Image

  • C

    Buyer's Agent in 2022

    Chris Vazquez

    Hammer Properties NW Inc.

    (360) 393-7272

    8 Total Sales

    Chris Vazquez
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1871060

Northwest Multiple Listing Service (NWMLS)

APN: P26562

Washington Skagit County Mount Vernon 98273

701 N 1st St, Mount Vernon, WA

This home is located at 701 N 1st St, Mount Vernon, WA 98273 since 10 December 2021 and is currently estimated at $870,922, approximately $264 per square foot. This property was built in 1993. 701 N 1st St is a home located in Skagit County with nearby schools including Washington Elementary School, La Venture Middle School, and Mount Vernon High 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) 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. ©2025 NWMLS.

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