Listed by Pettruzzelli Inc, Bought with COMPASS
NOT LISTED FOR SALE

705 Peterson Rd Burlington, WA 98233

Estimated Value: $985,000 - $1,506,380

12 Beds
2 Baths
5,316 Sq Ft
$216/Sq Ft Est. Value

Last Sold June 24, 2021

Last sale price $1,440,000 $271 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $6,821/month

22 Days on Market

Highlights

  • New Construction
  • Patio
  • High Speed Internet
  • Territorial View
  • Vinyl Plank Flooring
  • Property is in very good condition

About This Home

As of June 2021

New Townhouse-Style Four-Plex in Burlington. Brand-new income property was thoughtfully designed and built for durability and trouble-free ownership. Great layout with 9' ceilings on the main, 1329SF, 3BR, 2.25BA, 1-car attached gar w opener & enclosed patio area for each unit. LVP flooring on main and baths, mini-split on both levels, durable laminate countertops, soft close Aristokraft cabinets w pulls, white trim, gridded windows, tile backsplash. Master has nice sized walk-in and en-suite 3/4 bath. Fully equipped with smooth top range, micro hood, dishwasher, fridge and stacking washer/dryer. Property is attractive and landscape is easily maintained, there are 11 striped parking spaces in addition to the garages. Fiber-optic internet.

Last Agent to Sell the Property

Erik Pedersen

Pettruzzelli Inc License #2846 Listed on: 04/27/2021

Co-Listed By

Brigid Buchanan

Keller Williams Rlty Bellevue License #101040

Last Buyer's Agent

Galen Hirss

COMPASS License #111047

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1762790

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,000

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.31 Acre Lot
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 5,316 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 11 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Burlington Edison Hi High School

Utilities

  • Mini Split Air Conditioners
  • High Speed Internet
  • Cable TV Available

Community Details

  • Burlington Subdivision

Listing and Financial Details

  • Assessor Parcel Number P62631

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,000

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2021
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: Yes
  • CalculatedSquareFootage: 5316
  • EffectiveYearBuiltSource: Public Records
  • EstimatedCompletionDate: 2021-04-26
  • NewConstruction: Completed
  • Special Features: NewHome

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 11
  • Open Parking: Yes
  • Total Parking Spaces: 11
  • ParkingUncoveredSpaces: 11

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Burlington
  • WaterCompany: Skagit PUD
  • WaterSewerGarbage: 7140

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Burlington
  • High School: Burlington Edison Hi
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: P62631
  • Lot Size Acres: 0.31
  • Lot Size Sq Ft: 13504
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet,Patio
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 8400

Multi Family

  • Gross Scheduled Income: 100800
  • Net Operating Income: 75236
  • Number Of Units Total: 4
  • Insurance Expense: 1800
  • Leasable Area: 5316
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 10000

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2021
Sold by
Parmar Bhrigu R and Parmar Neha
Bought by
Posha Llc
Current Estimated Value
$1,146,095

Purchase Details

Listed on
Apr 27, 2021
Closed on
Jun 15, 2021
Sold by
Livingston Arlyn and Livingston Kristine
Bought by
Parmar Bhrigu R and Parmar Neha
Seller's Agent
Erik Pedersen
Pettruzzelli Inc
Buyer's Agent
Galen Hirss
COMPASS
List Price
$1,500,000
Sold Price
$1,440,000
Premium/Discount to List
-$60,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.25%
Original Mortgage
$940,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 19, 2018
Closed on
Feb 1, 2018
Sold by
Hoke Duncan
Bought by
Livingston Arlyn and Livingston Kristine
Seller's Agent
Lilyan Folk
New Horizon Realty LLC
Buyer's Agent
Peggy Fisher
The Preview Group
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
94.11%

Purchase Details

Closed on
Jun 11, 2008
Sold by
Sager Joseph S and Sager Debra L
Bought by
Hoke Duncan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,206
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage
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
Posha Llc -- None Available
Parmar Bhrigu R $1,440,000 Chicago Title
Livingston Arlyn $150,000 Chicago Title
Hoke Duncan $170,280 Land Title Of Skagit County
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parmar Bhrigu R $940,000
Previous Owner Hoke Duncan $71,206
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2021 06/24/21 Sold $1,440,000 -0.7% $271 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
05/13/2021 05/13/21 Price Changed $1,450,000 -3.3% $273 / Sq Ft
04/27/2021 04/27/21 For Sale $1,500,000 +900.0% $282 / Sq Ft
01/25/2018 01/25/18 Sold $150,000 0.0% $169 / Sq Ft
01/25/2018 01/25/18 Pending -- -- --
01/19/2018 01/19/18 For Sale $150,000 -- $169 / 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 $8,584 $1,051,200 $394,300 $656,900
2023 $8,584 $1,037,500 $384,800 $652,700
2022 $7,935 $1,153,500 $400,400 $753,100
2021 $1,195 $838,300 $205,500 $632,800
2020 $1,319 $116,600 $0 $0
2019 $1,066 $121,200 $0 $0
2018 $1,724 $103,300 $0 $0
2017 $1,462 $129,900 $0 $0
2016 $1,302 $112,600 $80,800 $31,800
2015 $1,430 $107,100 $62,200 $44,900
2013 $1,423 $99,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1762790

Northwest Multiple Listing Service (NWMLS)

APN: P62631