NOT LISTED FOR SALE

7605 206th St SW Edmonds, WA 98026

Estimated Value: $997,000 - $2,016,131

9 Beds
6 Baths
4,130 Sq Ft
$346/Sq Ft Est. Value

Last Sold September 29, 2020

Last sale price $1,450,000 $351 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $8,809/month

2 Days on Market

Highlights

  • Newly Remodeled
  • RV Access or Parking
  • Ceramic Tile Flooring
  • Edmonds Woodway High School Rated A-
  • Thermal Windows
  • High Speed Internet

About This Home

As of September 2020

Turn key ready triplex! The two, rear units are brand new, completed in 2018. The original home was completely remodeled - MIL unit in the basement with separate entry. All units are rented. Good leases. Detached garage provides additional storage income. Edmonds school district. Total current income is $97,584 per year! 4130 sqft of structure plus 250 sqft garage. All new sewer, water and electric service. 3 carports w/ storage. 9 car parking onsite. Hurry, this won't last.

Last Listed By

Aaron Harrington

Skyline Properties, Inc. License #88147 Listed on: 08/11/2020

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1645616

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,695

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 9,147 Sq Ft Lot
  • Lot Dimensions are 75x120
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Triplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 4,130 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 9 Parking Spaces
  • 1 Covered Space
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Edmonds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00641500000700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,695

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 2018
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: Yes
  • CalculatedSquareFootage: 4130
  • EffectiveYearBuiltSource: See Remarks
  • EstimatedCompletionDate: 2019-02-01
  • NewConstruction: Completed
  • Special Features: NewHome
  • Cumulative Days on Market: 258

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Cement Planked, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 1284

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00641500000700
  • Lot Size Acres: 0.21
  • Lot Size: 75x120
  • Lot Size Sq Ft: 9147
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Outbuildings,RV Parking,Shop
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 8231

Multi Family

  • Gross Scheduled Income: 98784
  • Net Operating Income: 87375
  • Number Of Units Total: 3
  • Electric Expense: 1680
  • Insurance Expense: 786
  • Leasable Area: 4130
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2018
  • Tax Annual Amount: 4695

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2020
Closed on
Sep 13, 2020
Sold by
David Kent and Davis Lisa
Bought by
Dyke James J Van and Dyke Patti M
Seller's Agent
Aaron Harrington
Skyline Properties, Inc.
Buyer's Agent
Craig Degerness
KW North Sound
List Price
$1,475,000
Sold Price
$1,450,000
Premium/Discount to List
-$25,000
-1.69%
Total Days on Market
2
Current Estimated Value
$1,427,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,290
Avg. Annual Appreciation
-0.49%
Original Mortgage
$1,034,000
Outstanding Balance
$927,963
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$489,037

Purchase Details

Closed on
Aug 8, 2016
Sold by
Davis Kent
Bought by
Davis Kent and Davis Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 22, 2015
Closed on
May 28, 2015
Sold by
Fannie Mae
Bought by
Md2 Properties Llc
Seller's Agent
Pat Lord
Champions Real Estate
Buyer's Agent
Jennifer Stone
RentVest Washington Inc
List Price
$249,900
Sold Price
$260,000
Premium/Discount to List
$10,100
4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.52%
Original Mortgage
$250,000
Interest Rate
3.64%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 15, 2014
Sold by
Hill Chet L and Hill Esther M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 19, 2007
Sold by
Hill Esther Michelle
Bought by
Hill Chester Lee

Purchase Details

Closed on
Oct 7, 2002
Sold by
Turner David R and Turner Kathleen G
Bought by
Hill Chester L and Hill Esther M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,307
Interest Rate
5%

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
Dyke James J Van -- Ticor Title
Davis Kent -- Wfg Natl Title Co Of Wa Llc
Davis Kent -- Wfg Natl Title
Md2 Properties Llc $260,000 Fidelity National Title
Federal National Mortgage Association $374,834 1St Am
Hill Chester Lee -- None Available
Hill Chester L $180,000 Commonwealth Title
Hill Chester L $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dyke James J Van $1,034,000
Previous Owner Davis Kent $608,000
Previous Owner Davis Kent $595,000
Previous Owner Davis Kent $356,250
Previous Owner Md2 Properties Llc $250,000
Previous Owner Hill Chett L $68,400
Previous Owner Hill Chett L $266,000
Previous Owner Hill Chett L $73,140
Previous Owner Hill Chett L $182,000
Previous Owner Hill Chester L $146,307
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2020 09/29/20 Sold $1,450,000 -1.7% $351 / Sq Ft
08/13/2020 08/13/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $1,475,000 +467.3% $357 / Sq Ft
05/29/2015 05/29/15 Sold $260,000 +4.0% $247 / Sq Ft
05/21/2015 05/21/15 Pending -- -- --
04/23/2015 04/23/15 For Sale $249,900 -- $238 / 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
2025 $10,263 $1,480,000 $505,300 $974,700
2024 $10,263 $1,455,000 $457,100 $997,900
2023 $9,883 $1,452,000 $399,900 $1,052,100
2022 $11,338 $1,370,000 $339,400 $1,030,600
2020 $5,017 $540,000 $281,000 $259,000
2019 $4,695 $509,300 $232,000 $277,300
2018 $3,813 $388,600 $232,000 $156,600
2017 $2,965 $290,900 $154,900 $136,000
2016 $2,294 $223,100 $147,500 $75,600
2015 -- $215,800 $140,500 $75,300
2013 $2,623 $226,900 $156,000 $70,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1645616

Northwest Multiple Listing Service (NWMLS)

APN: 006415-000-007-00