NOT LISTED FOR SALE

7605 Ridgewood Dr Unit 1-2 Everett, WA 98203

Valley View Neighborhood

Estimated Value: $606,000 - $709,000

4 Beds
4 Baths
1,588 Sq Ft
$416/Sq Ft Est. Value

Last Sold April 26, 2022

Last sale price $650,000 $409 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,140/month

4 Days on Market

Highlights

  • Mountain View
  • Corner Lot
  • Patio
  • Deck
  • No HOA
  • Wood Siding

About This Home

As of April 2022

S.Everett, Duplex,built in 1990,Plenty of room to increase income, below market rent,100% occupied,both tenants month to month,charge back utilities,spacious and newer duplex,great views of the valley,plenty of parking,private and quiet residential neighborhood,minutes to Boeing,I-5,Paine field airport and Everett mall Way,growing and appreciating area,strong rental market,market rent $1554-1850,Fantastic investment/income opportunity,2 bed 1.75 bath,w/d in each unit,Plenty of parking,interest rates are low,great investments or live in one unit,Best Value on the market-Rare opportunity.Market Cap Rate of 5.4%-6%. Sold"as-is"

Last Listed By

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 03/01/2022

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1890143

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,895

Year Built

  • Built in 1990

Lot Details

  • 6,098 Sq Ft Lot
  • Street terminates at a dead end
  • Corner Lot
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,588 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Emerson Elementary School
  • Evergreen Mid Middle School
  • Cascade High School

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Valley View Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 00603700000401

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,895

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1990
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1588
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 247

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Corner Lot, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: CITY OF EVERETT
  • WaterCompany: city of Everett
  • WaterSewerGarbage: 2086

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett
  • High School: Cascade High
  • Middle Or Junior School: Evergreen Mid

Lot Info

  • Parcel Number: 00603700000401
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Patio
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 2

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 2800

Multi Family

  • Gross Scheduled Income: 33600
  • Net Operating Income: 23202
  • Number Of Units Total: 2
  • Insurance Expense: 461
  • Leasable Area: 1588
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4895

MLS Schools

  • Elementary School: Emerson Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
Apr 15, 2022
Sold by
Valley View 2 Property Llc
Bought by
Atuyota-Ejughemre Kesiena
Seller's Agent
Donna Marshall
Skyline Properties, Inc.
Buyer's Agent
Kamal Mahmoud
Skyline Properties, Inc.
List Price
$665,000
Sold Price
$650,000
Premium/Discount to List
-$15,000
-2.26%
Total Days on Market
4
Current Estimated Value
$660,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,063
Avg. Annual Appreciation
-1.10%
Original Mortgage
$487,500
Outstanding Balance
$462,914
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$165,668

Purchase Details

Listed on
Mar 1, 2022
Closed on
Apr 1, 2022
Sold by
Olubukola Atuyota-Ejughemre
Bought by
Atuyota-Ejughemre Kesiena
Seller's Agent
Donna Marshall
Skyline Properties, Inc.
Buyer's Agent
Kamal Mahmoud
Skyline Properties, Inc.
List Price
$665,000
Sold Price
$650,000
Premium/Discount to List
-$15,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Outstanding Balance
$462,914
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$165,668

Purchase Details

Closed on
Mar 28, 2019
Sold by
Hewitt Chad and Hewitt Rickie
Bought by
Valley View 2 Propery Llc

Purchase Details

Closed on
Dec 6, 2018
Sold by
Baker William D and Baker Shelly L
Bought by
Hewitt Chad and Hewitt Rickie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2006
Sold by
Fisher Marlisa L
Bought by
Fisher Lance D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,200
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2006
Sold by
Fisher Lance D
Bought by
Baker William D and Baker Shelly L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,200
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2002
Sold by
Gadbois Daniel E
Bought by
Fisher Lance D and Fisher Marlisa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,950
Interest Rate
6.28%
Mortgage Type
VA

Purchase Details

Closed on
Oct 8, 1999
Sold by
Erion Robert C and Erion Janis E
Bought by
Gadbois Daniel E

Purchase Details

Closed on
Jul 9, 1997
Sold by
Ridgewood Partners
Bought by
Erion Robert C and Erion Janis E

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
Atuyota-Ejughemre Kesiena -- Cw Title
Atuyota-Ejughemre Kesiena $313 Commonwealth Land Title
Valley View 2 Propery Llc -- None Available
Hewitt Chad $465,000 Chicago Title
Fisher Lance D -- Transnation Title
Baker William D $334,000 Transnation Title
Fisher Lance D $209,950 Multiple
Gadbois Daniel E $165,000 Fidelity National Title Co
Erion Robert C $135,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Atuyota-Ejughemre Kesiena $487,500
Previous Owner Hewitt Chad J $279,000
Previous Owner Baker William D $271,200
Previous Owner Baker William D $267,200
Previous Owner Fisher Lance D $209,950
Previous Owner Gadbois Daniel E $163,855
Previous Owner Erion Robert C $121,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2022 04/26/22 Sold $650,000 -2.3% $409 / Sq Ft
03/05/2022 03/05/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $665,000 -- $419 / 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 $5,777 $651,000 $303,700 $347,300
2024 $5,777 $671,500 $291,500 $380,000
2023 $5,212 $633,500 $271,500 $362,000
2022 $5,639 $615,000 $214,300 $400,700
2020 $5,172 $460,000 $181,000 $279,000
2019 $3,682 $329,500 $145,500 $184,000
2018 $3,900 $320,000 $113,500 $206,500
2017 $3,793 $310,000 $113,500 $196,500
2016 $2,755 $236,600 $105,000 $131,600
2015 $2,720 $220,000 $97,000 $123,000
2013 $3,081 $220,000 $88,200 $131,800
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1890143

Northwest Multiple Listing Service (NWMLS)

APN: 006037-000-004-01