Listed by Roberts Realty Group, LLC, Bought with Olympic Properties Inc.
NOT LISTED FOR SALE

7300 196th St SW Lynnwood, WA 98036

West Lynnwood - College Place Neighborhood

Estimated Value: $1,725,000 - $1,802,001

1.44 Acres
$1,224,653 Price per Acre
62,726 Sq Ft Lot

Last Sold November 15, 2017

Last sale price $1,000,000

Est. 76% increase in value since last sale

Current estimated payment $10,185/month

149 Days on Market

About This Lot

As of November 2017

Level vacant commercial property on busy 196th. St SW. Great bus service, access to EDCC and to future Light Rail at Lynnwood TC. Zoned B-3 and was far along for a congregational use by a faith community. Possible Mixed Use with CUP and Hearing Examiner approval. Height restriction: 3 stories or 45 feet whichever is lower. Buyer shall satisfy themselves as to use possibilities. Seller makes no warranties as to use. Seller exempt from property tax. Allow 5 business days for seller response.

Last Agent to Sell the Property

Sid Roberts

Roberts Realty Group, LLC License #49761 Listed on: 04/24/2017

Last Buyer's Agent

Jeffrey Butler

Olympic Properties Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1108525

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,461

Lot Details

  • Level Lot

Community Details

  • Lynnwood Community

Listing and Financial Details

  • Assessor Parcel Number 00468800002600

Property Details

Property Type

Land

Est. Annual Taxes

$10,461

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Style: 43 - Comm/Industrial
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Information: Paved
  • Road On Which Sideof Property: North

Utilities

  • Electricity: Available
  • Gas Available: Available
  • Sewer: Available
  • Water: Available

Condo/Co-op/Association

  • Community Name: Lynnwood

Schools

  • School District: ED

Lot Info

  • General Zoning Classification: Commercial, Retail
  • Lot Sq Ft: 62726
  • Parcel Number: 00468800002600
  • Topography: Level
  • Zoning Jurisdiction: City
  • Zoning Remarks: B3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Nov 6, 2017
Sold by
South Lynwood Washington Congregation Of
Bought by
196Th Street Llc
Seller's Agent
Sid Roberts
Roberts Realty Group, LLC
Buyer's Agent
Jeffrey Butler
Olympic Properties Inc.
List Price
$1,250,000
Sold Price
$1,000,000
Premium/Discount to List
-$250,000
-20%
Current Estimated Value
$1,763,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$763,501
Avg. Annual Appreciation
6.41%
Original Mortgage
$500,000
Outstanding Balance
$422,944
Interest Rate
3.85%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,206,136

Purchase Details

Closed on
Jan 3, 2011
Sold by
Pm Investment Llc
Bought by
Whidbey Island Bank

Purchase Details

Closed on
Dec 19, 2006
Sold by
Porter Benjamin G
Bought by
Pm Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2005
Sold by
Union Bank Of California
Bought by
Porter Benjamin B
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
196Th Street Llc $1,000,000 Ticor Title
Whidbey Island Bank -- Chicago
Pm Investment Llc $1,260,280 Chicago Title
Porter Benjamin B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 196Th Street Llc $500,000
Previous Owner Pm Investment Llc $945,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2017 11/15/17 Sold $1,000,000 -20.0% --
09/21/2017 09/21/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $1,250,000 -- --
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
2025 $10,461 $1,377,800 $1,377,800 --
2024 $10,461 $1,367,900 $1,367,900 --
2023 $8,943 $1,215,300 $1,215,300 $0
2022 $9,999 $1,114,200 $1,114,200 $0
2020 $9,960 $969,500 $969,500 $0
2019 $10,413 $1,017,400 $1,017,400 $0
2018 $0 $1,395,600 $1,395,600 $0
2017 -- $1,301,600 $1,301,600 $0
2016 -- $848,900 $848,900 $0
2015 -- $818,400 $818,400 $0
2013 $9,841 $831,000 $720,400 $110,600
Source: Public Records

Agents Affiliated with this Home

  • Sid Roberts

    Seller's Agent in 2017

    Sid Roberts

    Roberts Realty Group, LLC

    (425) 350-2020

    17 Total Sales

    Sid Roberts
    Section Image

  • J

    Buyer's Agent in 2017

    Jeffrey Butler

    Olympic Properties Inc.

See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1108525

Northwest Multiple Listing Service (NWMLS)

APN: 004688-000-026-00

Washington Snohomish County Lynnwood 98036 West Lynnwood - College Place

7300 196th St SW, Lynnwood, WA

This home is located at 7300 196th St SW, Lynnwood, WA 98036 since 24 April 2017 and is currently estimated at $1,763,501. 7300 196th St SW is a home located in Snohomish County with nearby schools including College Place Elementary School, College Place Middle School, and Edmonds Woodway 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.

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Based on information submitted to the MLS GRID

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