NOT LISTED FOR SALE

726 N Markeson St Chelan, WA 98816

-- Bed
7 Baths
20,637 Sq Ft
2.78 Acres

Last Sold October 19, 2020

Last sale price $2,850,000 $138 Per Sq Ft

228 Days on Market

Highlights

  • Lake View
  • 2.78 Acre Lot
  • High Speed Internet
  • Chelan High School Rated A-
  • Deck
  • Partially Fenced Property

About This Home

As of October 2020

Newly remodeled 22 unit apartment complex on 2.78 acres 1/2 mile from down town Chelan. Tons of privacy & big lake & mountain views from elevated location above town. 1 studio, 19 one bed, & 2 two bed units w/slab quartz, luxury vinyl flooring & quality cabinetry. All new plumbing, mostly updated electrical, security cameras & keypad entry. Excellent income(approx 265-285K annually). 3 parking lots totaling 37 spaces. Adjacent 3.45 acre parcel MLS 1548456 also available.

Last Agent to Sell the Property

Rhett Crow

Windermere RE/Lk Chelan Dwntwn License #23789 Listed on: 01/06/2020

Windermere RE/Lk Chelan Dwntwn

Last Buyer's Agent

Guy Evans

Guy Evans Lake Chelan Real Est License #27637

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1548465

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,791

Year Built

  • Built in 1967 | Remodeled

Lot Details

  • 2.78 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Sprinkler System

Property Views

  • Lake
  • City
  • Mountain
  • Territorial

Home Design

  • Flat Roof Shape
  • Poured Concrete

Interior Spaces

  • 20,637 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 37 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Heat Pump System
  • High Speed Internet

Community Details

  • Chelan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 272212430200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,791

Year Built

Built in 1967 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1967
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 20637
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 521

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
  • Amenities: Coin Op Laundry,Fire Sprinklers

Exterior Features

  • Roof: Flat
  • View: City, Lake, Mountain(s), Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: See Remarks
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 37
  • Open Parking: Yes
  • Total Parking Spaces: 37
  • ParkingUncoveredSpaces: 37

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Chelan County PUD
  • SewerCompany: City of Chelan
  • WaterCompany: City of Chelan
  • WaterSewerGarbage: 31500

Schools

  • Junior High Dist: Lake Chelan
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 272212430200
  • Lot Size Acres: 2.78
  • Lot Size Sq Ft: 121097
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,High Speed Internet,Shop,Sprinkler System
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 24000

Multi Family

  • Gross Scheduled Income: 269246
  • Net Operating Income: 171889
  • Number Of Units Total: 1
  • Electric Expense: 8932
  • Insurance Expense: 8500
  • Leasable Area: 17000
  • UnitsInBuildingTotal: 22
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2019
  • Tax Annual Amount: 16791

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
Oct 14, 2020
Sold by
Lake Chelan View Properties Llc
Bought by
Ajaj One Llc
Seller's Agent
Rhett Crow
Windermere RE/Lk Chelan Dwntwn
Buyer's Agent
Guy Evans
Guy Evans Lake Chelan Real Est
List Price
$2,900,000
Sold Price
$2,850,000
Premium/Discount to List
-$50,000
-1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,349,157
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 26, 2016
Sold by
Bd Chelan Properties Llc
Bought by
Lake Chelan View Properties Llc

Purchase Details

Closed on
Jun 18, 2013
Sold by
Regency Chelan Llc
Bought by
Bd Chelan Properties Llc

Purchase Details

Closed on
Oct 24, 2012
Sold by
Wells Fargo Bank Na
Bought by
Regency Chelan Llc
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Ajaj One Llc $2,850,000 Central Wash Title Svcs Inc
Lake Chelan View Properties Llc $725,000 First Amer Title Wenatchee
Bd Chelan Properties Llc $218,732 First American Title Wenatch
Regency Chelan Llc -- First American Title Wenatch
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ajaj One Llc $1,500,000
Previous Owner Lake Chelan View Properties Llc $1,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2020 10/19/20 Sold $2,850,000 0.0% $138 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
06/04/2020 06/04/20 Price Changed $2,850,000 -1.7% $138 / Sq Ft
01/24/2020 01/24/20 For Sale $2,900,000 0.0% $141 / Sq Ft
01/15/2020 01/15/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $2,900,000 -- $141 / 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
2021 $17,077 $1,978,392 $484,387 $1,494,005
2020 $18,327 $1,974,484 $484,387 $1,490,097
2019 $16,791 $1,979,147 $484,387 $1,494,760
2018 $12,263 $1,860,829 $484,387 $1,376,442
2017 $5,852 $1,224,598 $242,194 $982,404
2016 $7,348 $623,763 $215,949 $407,814
2015 $7,348 $541,890 $215,949 $325,941
2013 $7,348 $571,144 $215,949 $355,195
Source: Public Records

Agents Affiliated with this Home

  • Rhett Crow

    Seller's Agent in 2020

    Rhett Crow

    Windermere RE/Lk Chelan Dwntwn

    (509) 714-7118

    176 in this area

    410 Total Sales

    Rhett Crow
    Section Image
  • Guy Evans

    Buyer's Agent in 2020

    Guy Evans

    Guy Evans Lake Chelan Real Est

    (509) 670-3608

    44 in this area

    69 Total Sales

    Guy Evans
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1548465

Northwest Multiple Listing Service (NWMLS)

APN: 272212430200

Washington Chelan County Chelan 98816

726 N Markeson St, Chelan, WA

This home is located at 726 N Markeson St, Chelan, WA 98816 since 06 January 2020. This property was built in 1967. 726 N Markeson St is a home located in Chelan County with nearby schools including Morgen Owings Elementary School, Holden Village Community School, and Chelan Middle 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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