Listed by Keller Williams Western Realty, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

721 Greenleaf Ave Burlington, WA 98233

Estimated Value: $609,000 - $831,435

4 Beds
2 Baths
2,088 Sq Ft
$323/Sq Ft Est. Value

Last Sold November 03, 2021

Last sale price $720,000 $345 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,021/month

63 Days on Market

About This Home

As of November 2021

Investors or Owner-Occupied – This always-rented, conveniently located 4-Plex is for you! The upstairs 2-bed/2-bath was recently vacated and completely updated. Downstairs are three quality 1-bed/1-bath units with high ceilings and efficient use of space. Each unit has designated parking and is separately metered for power. Separate building houses coin-op laundry and rentable storage lockers. Tankless hot water and completed flood level certification keeps operating costs low!
PLEASE DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Katie Fleischmann

Keller Williams Western Realty License #140215 Listed on: 08/13/2021

Keller Williams Western Realty

Last Buyer's Agent

Veronika Stearns

Skyline Properties, Inc. License #130023

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1823621

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,617

Year Built

  • Built in 1925

Lot Details

  • 4,202 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,088 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Parking Spaces
  • Open Parking

Utilities

  • Tankless Water Heater

Community Details

  • Burlington Subdivision

Listing and Financial Details

  • Assessor Parcel Number P71696

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,617

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1925
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2088
  • Special Features: None
  • Cumulative Days on Market: 494

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Interior Amenities: Tankless Water Heater
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 3024

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Burlington

Lot Info

  • Parcel Number: P71696
  • Lot Size Acres: 0.0965
  • Lot Size Sq Ft: 4202
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 4195

Multi Family

  • Gross Scheduled Income: 50340
  • Net Operating Income: 43576
  • Number Of Units Total: 4
  • Insurance Expense: 703
  • Leasable Area: 2088
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2617

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Nov 1, 2021
Sold by
Jewett Kelly M and Jewett Sarah D
Bought by
Hernandez Faustino Hernandez
Seller's Agent
Katie Fleischmann
Keller Williams Western Realty
Buyer's Agent
Veronika Stearns
Skyline Properties, Inc.
List Price
$775,000
Sold Price
$720,000
Premium/Discount to List
-$55,000
-7.1%
Current Estimated Value
$675,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,891
Avg. Annual Appreciation
-0.45%

Purchase Details

Closed on
Oct 23, 2009
Sold by
Bay Holdings Inc
Bought by
Jewett Kelly M and Jewett Sarah D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,707
Interest Rate
5%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 24, 2006
Sold by
Kaiser Hinrich
Bought by
Kaiser Hinrich and Kaiser Christine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
1.95%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 9, 2004
Sold by
Mullins Luther R and Mullins Shirley M
Bought by
Kaiser Hinrich

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
5.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 9, 2004
Sold by
Kaiser Christine M
Bought by
Kaiser Hinrich

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
5.97%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hernandez Faustino Hernandez $720,000 Chicago Title
Jewett Kelly M $237,000 Chicago Title Co Island Div
Kaiser Hinrich -- Land Title
Kaiser Hinrich $173,988 First American Title
Kaiser Hinrich -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jewett Kelly M $209,500
Previous Owner Jewett Kelly M $206,250
Previous Owner Jewett Kelly M $232,707
Previous Owner Kaiser Hinrich $378,000
Previous Owner Kaiser Hinrich $350,000
Previous Owner Kaiser Hinrich $130,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2021 11/03/21 Sold $720,000 -4.0% $345 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
09/27/2021 09/27/21 Price Changed $750,000 -3.2% $359 / Sq Ft
08/13/2021 08/13/21 For Sale $775,000 -- $371 / 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 $4,120 $520,700 $309,500 $211,200
2023 $4,120 $497,700 $287,900 $209,800
2022 $3,189 $525,400 $283,300 $242,100
2021 $2,617 $336,600 $114,200 $222,400
2020 $2,780 $256,000 $0 $0
2019 $2,396 $256,000 $0 $0
2018 $2,692 $232,100 $0 $0
2017 $2,460 $202,800 $0 $0
2016 $2,262 $189,500 $62,400 $127,100
2015 $2,609 $186,000 $103,200 $82,800
2013 $3,109 $186,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1823621

Northwest Multiple Listing Service (NWMLS)

APN: P71696