Listed by Coldwell Banker Danforth, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $1,172,000 - $1,328,000

8 Beds
4 Baths
4,320 Sq Ft
$288/Sq Ft Est. Value

Last Sold October 21, 2024

Last sale price $1,180,000 $273 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,157/month

20 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • Wall to Wall Carpet
  • Edmonds-Woodway High School Rated A-

About This Home

As of October 2024

Great opportunity to acquire this four plex near Edmonds College. Owned by the same family since 1975, this has been a solid incoming producing asset. Well maintained building has very low turnover, month to month rents are under market.

Last Agent to Sell the Property

Renee Roman

Coldwell Banker Danforth License #16079 Listed on: 08/19/2024

Coldwell Banker Danforth

Last Buyer's Agent

Vanessa Chavez Zepeda

Skyline Properties, Inc. License #21022576

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2279420

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,858

Year Built

  • Built in 1968

Lot Details

  • 9,148 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,320 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Willowdale Gardens Condos
  • Edmonds Comm College Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 00614300000604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,858

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Willowdale Gardens
  • New Construction: No
  • CalculatedSquareFootage: 4320
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City
  • WaterCompany: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00614300000604
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9148
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 6

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 6125

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5858

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 102
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Oct 15, 2024
Sold by
Gonzalez Krystal
Bought by
Gonzalez Saavedra Alan
Seller's Agent
Renee Roman
Coldwell Banker Danforth
Buyer's Agent
Vanessa Chavez Zepeda
Skyline Properties, Inc.
List Price
$1,250,000
Sold Price
$1,180,000
Premium/Discount to List
-$70,000
-5.6%
Views
4
Current Estimated Value
$1,245,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,271
Avg. Annual Appreciation
4.97%
Original Mortgage
$944,000
Outstanding Balance
$933,578
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$311,693

Purchase Details

Listed on
Aug 19, 2024
Closed on
Oct 11, 2024
Sold by
Charles Lee Evans Exemption Trust and Children Evans
Bought by
Gonzalez Alan O
Seller's Agent
Renee Roman
Coldwell Banker Danforth
Buyer's Agent
Vanessa Chavez Zepeda
Skyline Properties, Inc.
List Price
$1,250,000
Sold Price
$1,180,000
Premium/Discount to List
-$70,000
-5.6%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$944,000
Outstanding Balance
$933,578
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$311,693

Purchase Details

Closed on
Jul 11, 2024
Sold by
Evans Family Trust and Evans Mary Angeline
Bought by
Charles Lee Evans Exemption Trust and Evans

Purchase Details

Closed on
Nov 4, 2022
Sold by
Evans Charles Lee and Evans Mary Angeline
Bought by
Evans Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gonzalez Saavedra Alan $313 Rainier Title
Gonzalez Alan O $1,180,000 Rainier Title
Charles Lee Evans Exemption Trust $313 None Listed On Document
Evans Family Trust -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Alan O $944,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2024 10/21/24 Sold $1,180,000 -5.6% $273 / Sq Ft
09/08/2024 09/08/24 Pending -- -- --
09/02/2024 09/02/24 For Sale $1,250,000 0.0% $289 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $1,250,000 -- $289 / 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 $7,197 $1,140,000 $484,200 $655,800
2024 $7,197 $1,020,000 $440,500 $579,500
2023 $5,858 $860,000 $385,300 $474,700
2022 $6,608 $798,000 $328,200 $469,800
2020 $7,105 $765,000 $281,000 $484,000
2019 $6,377 $692,000 $220,500 $471,500
2018 $6,932 $650,000 $198,000 $452,000
2017 $6,374 $626,000 $184,500 $441,500
2016 $5,094 $496,000 $180,000 $316,000
2015 $4,472 $410,000 $171,000 $239,000
2013 $4,158 $360,000 $171,000 $189,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2279420

Northwest Multiple Listing Service (NWMLS)

APN: 006143-000-006-04