NOT LISTED FOR SALE

Estimated Value: $792,000 - $877,000

4 Beds
2 Baths
1,496 Sq Ft
$557/Sq Ft Est. Value

Last Sold August 09, 2023

Last sale price $781,000 $522 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,043/month

10 Days on Market

Highlights

  • No HOA
  • Thermal Windows
  • Baseboard Heating
  • Edmonds Woodway High School Rated A-
  • Vinyl Plank Flooring
  • Wood Siding

About This Home

As of August 2023

Fully occupied and well-maintained duplex investment opportunity in convenient Edmonds location. Park-like property sits on a quiet residential street near schools, shopping, parks, hospital, and dining. Beautifully landscaped grounds surround the duplex, and each apartment has a fenced backyard and plenty of storage. The apartments are easy to rent, each have 2 bedrooms, 1 full bath, a large living room, and W/D hookups. The building improvements were extensively remodeled and upgraded in 2016 with many interior improvements and major exterior improvements including a new roof and gutters, and all new double pane vinyl windows. This investment offers a positive cash flow with cash down towards conventional financing. Offers due 5:00pm 7/19

Last Listed By

Rich Walker

Paragon Real Estate Advisors License #2597 Listed on: 07/14/2023

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2139445

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,197

Year Built

  • Built in 1970

Lot Details

  • 7,841

Home Design

  • Duplex
  • Bitumen Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,496 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Additional Features

  • 7,841 Sq Ft Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Edmonds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00373600300301

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,197

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1970
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1496
  • Special Features: None
  • Cumulative Days on Market: 250

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Torch Down
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Available
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 2934

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00373600300301
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Snohomish County

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.98
  • LeasedItems: None
  • TotalMonthlyIncome: 3650

Multi Family

  • Gross Scheduled Income: 43800
  • Net Operating Income: 33056
  • Number Of Units Total: 2
  • Insurance Expense: 613
  • Leasable Area: 1496
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5197

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Aug 4, 2023
Sold by
Freimark Steve A
Bought by
Vemuri Anurag and Sengar Jyoti
Seller's Agent
Rich Walker
Paragon Real Estate Advisors
Buyer's Agent
Anna Sullivan
John L Scott RE West Seattle
List Price
$700,000
Sold Price
$781,000
Premium/Discount to List
$81,000
11.57%
Total Days on Market
10
Views
64
Current Estimated Value
$833,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,611
Avg. Annual Appreciation
5.70%
Original Mortgage
$181,000
Outstanding Balance
$178,186
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$681,381

Purchase Details

Closed on
May 12, 2016
Sold by
Freimark Rebecca Lynn
Bought by
Freimark Steven A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2016
Sold by
Dauer Theodore Edward and Dauer Marilyn Marie
Bought by
Freimark Steve A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2011
Sold by
Dauer Theodore Edward and Dauer Marilyn Marie
Bought by
Dauer Theodore Edward and Dauer Marilyn Marie

Purchase Details

Closed on
Oct 22, 2010
Sold by
Dauer Theodore E and Dauer Marilyn M
Bought by
Daler Theodore Edward and Dauer Marilyn Marie

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Vemuri Anurag $781,000 None Listed On Document
Freimark Steven A -- Cw Title
Freimark Steve A $450,000 Cw Title
Dauer Theodore Edward -- None Available
Daler Theodore Edward -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vemuri Anurag $181,000
Previous Owner Freimark Steven A $280,000
Previous Owner Freimark Steve A $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2023 08/09/23 Sold $781,000 +11.6% $522 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
07/14/2023 07/14/23 For Sale $700,000 -- $468 / 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 $5,054 $710,700 $551,000 $159,700
2024 $5,054 $715,800 $553,000 $162,800
2023 $5,197 $762,900 $578,000 $184,900
2022 $5,036 $608,000 $439,000 $169,000
2020 $4,747 $510,900 $344,000 $166,900
2019 $4,294 $465,800 $316,000 $149,800
2018 $4,257 $398,900 $270,000 $128,900
2017 $3,282 $322,100 $233,000 $89,100
2016 $3,013 $293,200 $206,000 $87,200
2015 $3,063 $280,700 $198,000 $82,700
2013 $2,079 $179,800 $131,000 $48,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Similar Homes in Edmonds, WA

  • 23915 Edmonds Way, Edmonds, WA 98026

    $899,000

    • 5 Beds
    • 2 Baths
    • 2,012 Sq Ft
    • 23915 Edmonds Way
    • Edmonds, WA

    Don't miss this exceptional investment opportunity in the heart of sought-after Edmonds on a large lot! This well-maintained move-in-ready duplex features two spacious units—one offering 3 bedrooms/1 bathroom, the other with 2 bedrooms/1 bathroom. Separate electric meters and W/D in each unit. Both units enjoy the convenience of private one-car garages and ample off-street parking. Tenants will

    Tava Goldstone John L Scott Madrona Group

    Section Image
  • 16414 48th Ave W, Edmonds, WA 98026

    $849,900

    • 4 Beds
    • 2 Baths
    • 2,428 Sq Ft
    • 16414 48th Ave W
    • Edmonds, WA

    This single family home could be easily converted into a duplex. Both main & lower levels are 1214 sf and both levels offer a kitchen, laundry, bathroom, living room w/ fireplace & 2 bedrooms. Well-organized layout with w/bedrooms located on opposite sides & bathroom in between. Many updates including remodeled kitchen & updated bathrooms. Zoned LDMR which allows for additional development of

    Drew Staudt Windermere Prof Partners

    Section Image

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2139445

Northwest Multiple Listing Service (NWMLS)

APN: 003736-003-003-01