NOT LISTED FOR SALE

Estimated Value: $1,113,000 - $1,378,000

8 Beds
4 Baths
3,320 Sq Ft
$391/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $1,165,000 $351 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,965/month

21 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Cul-De-Sac
  • Edmonds Woodway High School Rated A-
  • Thermal Windows
  • Property is in very good condition

About This Home

As of October 2021

Pride of ownership 4 plex in amazing location! This property sits on a quiet dead end road with easy access/commute either North or South. A quick walk to public transit! Large lot with ample outdoor space + parking (2 parking spaces/unit). All units are 2 bedrooms/1 bath. Upper units have decks and lower units have walk out patios. All units have W/D and hardwood floors. Shopping + eateries all nearby!
Great long term tenants with great rental history. A ton of rental upside on this one over some time! Well maintained. A Solid Investment.

Last Listed By

Tamara Dean

Windermere Real Estate/East License #12107 Listed on: 08/02/2021

Windermere Real Estate/East

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1815147

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,886

Year Built

  • Built in 1981

Lot Details

  • 0.33 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,320 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Wood Flooring

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Community Details

  • Lake Ballinger Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00576700002901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,886

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1981
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3320
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 278

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City if Edmonds
  • WaterCompany: City of Edmonds
  • WaterSewerGarbage: 5400

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 00576700002901
  • Lot Size Acres: 0.33
  • Lot Size Sq Ft: 14375
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: SCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: None
  • TotalMonthlyIncome: 4925

Multi Family

  • Gross Scheduled Income: 59100
  • Net Operating Income: 50671
  • Number Of Units Total: 4
  • Electric Expense: 240
  • Insurance Expense: 2789
  • Leasable Area: 3320
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6886

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2021
Closed on
Oct 5, 2021
Sold by
Tran Van N and Tran Chuong
Bought by
Therrell Jason W and Therrell Katherine M
Seller's Agent
Tamara Dean
Windermere Real Estate/East
Buyer's Agent
Carole Swan
CENTURY 21 Real Estate Center
List Price
$1,190,000
Sold Price
$1,165,000
Premium/Discount to List
-$25,000
-2.1%
Total Days on Market
21
Current Estimated Value
$1,298,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,051
Avg. Annual Appreciation
4.14%
Original Mortgage
$873,750
Outstanding Balance
$805,373
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$544,648

Purchase Details

Closed on
Jul 2, 2009
Sold by
Green Thomas W and Green Donna H
Bought by
Tran Van N and Tran Chuong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 1999
Sold by
Kwock Edison C Y and Kwock Kenneth C W
Bought by
Green Thomas W and Green Donna H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
7.5%

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
Therrell Jason W $1,165,000 Chicago Title Company Of Wa
Tran Van N $550,280 First American
Green Thomas W $260,000 Pacific Northwest Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Therrell Jason W $873,750
Previous Owner Tran Chuong $236,250
Previous Owner Tran Van N $350,000
Previous Owner Green Thomas W $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $1,165,000 -2.1% $351 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $1,190,000 0.0% $358 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $1,190,000 -- $358 / 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 $8,395 $1,190,000 $719,500 $470,500
2024 $8,395 $1,190,000 $714,700 $475,300
2023 $8,020 $1,178,000 $326,300 $851,700
2022 $7,335 $886,000 $252,200 $633,800
2020 $6,483 $698,000 $244,800 $453,200
2019 $5,428 $589,000 $241,100 $347,900
2018 $4,759 $446,000 $229,900 $216,100
2017 $4,502 $442,000 $163,200 $278,800
2016 $4,088 $398,000 $163,200 $234,800
2015 $3,916 $359,000 $163,200 $195,800
2013 $3,085 $267,000 $185,400 $81,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1815147

Northwest Multiple Listing Service (NWMLS)

APN: 005767-000-029-01