Listed by Keller Williams Rlty Bellevue, Bought with AgencyOne
NOT LISTED FOR SALE

Estimated Value: $1,452,000 - $1,726,000

6 Beds
4 Baths
3,837 Sq Ft
$414/Sq Ft Est. Value

Last Sold March 15, 2022

Last sale price $1,525,000 $397 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $9,329/month

91 Days on Market

About This Home

As of March 2022

If you're looking for a cash flowing, low maintenance, fully remodeled (2019) 4 Plex, this one is for you! Each unit is 2 bedrooms 1 bath. Upgraded finishes include new luxury vinyl plank, beautiful Quartz counter tops and updated LED lighting throughout. The kitchens have white paneled cabinetry, sleek & modern SS appliances & w/d in unit. 0% vacancy at already great rents w/room to increase, all units leased & staggered through 2022 w/on time/current paying tenants. 2 units townhome style w/attached 2 car garage, 2 units condo style w/parking for 2 cars each. All units are metered by Guardian, tenants pay all utilities. Located in a quiet neighborhood conveniently located near several grocery stores, restaurants & public transportation.

Last Agent to Sell the Property

Wesley Jones

Keller Williams Rlty Bellevue License #50134 Listed on: 11/05/2021

Keller Williams Rlty Bellevue

Co-Listed By

Ebbie Smith

Keller Williams Rlty Bellevue License #26900

Last Buyer's Agent

Kim Koontz

AgencyOne License #82235

AgencyOne

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1861929

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,151

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 0.3 Acre Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,837 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Emerson Elementary School
  • Evergreen Mid Middle School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00603700000703

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,151

Year Built

Built in 1969 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1969
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3837
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: SnoPUD
  • SewerCompany: City of Everett
  • WaterCompany: City of Everett

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Everett
  • High School: Buyer To Verify
  • Middle Or Junior School: Evergreen Mid

Lot Info

  • Parcel Number: 00603700000703
  • Lot Size Acres: 0.3
  • Lot Size Sq Ft: 13068
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18.47
  • LeasedItems: None
  • TotalMonthlyIncome: 6970

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7151

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 256
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Emerson Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2024
Sold by
Swanson Kurtis
Bought by
7809 Timber Hill Drive Llc
Current Estimated Value
$1,587,405

Purchase Details

Listed on
Nov 5, 2021
Closed on
Mar 4, 2022
Sold by
7809 Timber Hill Llc
Bought by
Swanson Kurtis
Seller's Agent
Wesley Jones
Keller Williams Rlty Bellevue
Buyer's Agent
Kim Koontz
AgencyOne
List Price
$1,575,000
Sold Price
$1,525,000
Premium/Discount to List
-$50,000
-3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.06%
Original Mortgage
$1,505,000
Outstanding Balance
$1,406,155
Interest Rate
3.92%
Mortgage Type
VA
Estimated Equity
$181,250

Purchase Details

Listed on
Nov 28, 2018
Closed on
Dec 5, 2018
Sold by
Hernandez Felipe Simon
Bought by
7809 Timber Hill Llc
Seller's Agent
Mindy Newton
Real Broker LLC
Buyer's Agent
Wesley Jones
Keller Williams Rlty Bellevue
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.50%
Original Mortgage
$700,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2005
Sold by
Kennedy Patricia A
Bought by
Simon Felipe H and Simon Leticia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2002
Sold by
Peterson Larry W
Bought by
Kennedy Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,177
Interest Rate
6.24%
Mortgage Type
FHA
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
7809 Timber Hill Drive Llc -- Ticor Title
Swanson Kurtis $1,525,000 Fidelity National Title
7809 Timber Hill Llc $660,000 Chicago Title
Simon Felipe H $430,000 Ticor Title Company
Kennedy Patricia A $344,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swanson Kurtis $1,505,000
Previous Owner 7809 Timber Hill Llc $700,000
Previous Owner Simon Felipe H $344,000
Previous Owner Kennedy Patricia A $339,177
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2022 03/15/22 Sold $1,525,000 0.0% $397 / Sq Ft
02/04/2022 02/04/22 Pending -- -- --
12/06/2021 12/06/21 Price Changed $1,525,000 -3.2% $397 / Sq Ft
11/16/2021 11/16/21 For Sale $1,575,000 0.0% $410 / Sq Ft
11/10/2021 11/10/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $1,575,000 +138.6% $410 / Sq Ft
12/18/2018 12/18/18 Sold $660,000 +1.5% $172 / Sq Ft View Prior Sale
12/01/2018 12/01/18 Pending -- -- --
11/28/2018 11/28/18 For Sale $650,000 -- $169 / 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 $12,148 $1,450,400 $405,700 $1,044,700
2024 $12,148 $1,413,300 $384,000 $1,029,300
2023 $11,451 $1,393,200 $364,000 $1,029,200
2022 $6,417 $700,000 $290,500 $409,500
2020 $7,417 $660,000 $240,400 $419,600
2019 $6,164 $552,000 $173,500 $378,500
2018 $5,847 $480,000 $136,300 $343,700
2017 $5,381 $440,000 $136,300 $303,700
2016 $4,625 $397,500 $136,300 $261,200
2015 $4,632 $375,000 $133,400 $241,600
2013 $4,899 $350,000 $121,100 $228,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1861929

Northwest Multiple Listing Service (NWMLS)

APN: 006037-000-007-03