NOT LISTED FOR SALE

Estimated Value: $337,762 - $417,000

2 Beds
1 Bath
5,488 Sq Ft
$66/Sq Ft Est. Value

Last Sold September 22, 2020

Last sale price $2,317,500 $422 Per Sq Ft

Current estimated payment $2,205/month

9 Days on Market

Highlights

  • Wood Siding
  • Edmonds Woodway High School Rated A-
  • Wall to Wall Carpet

About This Home

As of September 2020

Cedar Village is a fully remodeled, turn key 7 unit inthe heart of the highly desirable city of Edmonds. All units have been meticulously remodeled with new cabinets, quartz countertops, stainless steel appliances, flooring, mill work, paint, fixtures and lights. Each unit is a spacious 2 bedroom, 1 bath floor plans each with a washer/dryer in-unit and a storage locker. The complex has ample parking for every unit including 4 covered carport spaces. The exterior has been freshly painted.

Last Agent to Sell the Property

Steve Fischer

Northmarq Multifamily, LLC License #87455 Listed on: 08/19/2020

Co-Listed By

Tyler Smith

Northmarq Multifamily, LLC License #24028396

Last Buyer's Agent

Matt Stark

Windermere R.E. Northeast, Inc License #119385

Windermere R.E. Northeast, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1649915

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,176

Year Built

  • Built in 1984

Lot Details

  • 0.27 Acre Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,488 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 14 Parking Spaces
  • Open Parking

Community Details

  • Edmonds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00723600110100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,176

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1984
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5488
  • Special Features: VirtualTour
  • Cumulative Days on Market: 281

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 9000

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00723600110100
  • Lot Size Acres: 0.2716
  • Lot Size Sq Ft: 11830
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Snohomish County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 13625

Multi Family

  • Gross Scheduled Income: 163500
  • Net Operating Income: 113733
  • Number Of Units Total: 7
  • Insurance Expense: 2800
  • Leasable Area: 5488
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 8175

Tax Info

  • Year: 2020
  • Tax Annual Amount: 12176

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 22, 2020
Sold by
Cedar Village Llc
Bought by
Cv7 Llc
Seller's Agent
Steve Fischer
Northmarq Multifamily, LLC
Buyer's Agent
Matt Stark
Windermere R.E. Northeast, Inc
List Price
$2,350,000
Sold Price
$2,317,500
Premium/Discount to List
-$32,500
-1.38%
Total Days on Market
9
Current Estimated Value
$362,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,954,559
Avg. Annual Appreciation
-32.60%

Purchase Details

Listed on
Aug 19, 2020
Closed on
Sep 21, 2020
Sold by
Cedar Village Llc
Bought by
Cv7 Llc
Seller's Agent
Steve Fischer
Northmarq Multifamily, LLC
Buyer's Agent
Matt Stark
Windermere R.E. Northeast, Inc
List Price
$2,350,000
Sold Price
$2,317,500
Premium/Discount to List
-$32,500
-1.38%

Purchase Details

Listed on
Feb 21, 2019
Closed on
Mar 27, 2019
Sold by
Nelson Brad and Nelson Brian
Bought by
Cedar Village Llc
Seller's Agent
Jesse Moore
KW Greater Seattle
Buyer's Agent
Steve Fischer
Northmarq Multifamily, LLC
List Price
$1,300,000
Sold Price
$1,420,000
Premium/Discount to List
$120,000
9.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.92%
Original Mortgage
$1,228,400
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2010
Sold by
Nelson John M
Bought by
Nelson John M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cv7 Llc $2,315,050 Chicago Title Company Of Wa
Cv7 Llc -- Chicago Title
Cedar Village Llc $1,420,000 Chicago Title
Nelson John M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cedar Village Llc $1,228,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2020 09/22/20 Sold $2,317,500 -1.4% $422 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $2,350,000 +65.5% $428 / Sq Ft
03/29/2019 03/29/19 Sold $1,420,000 +9.2% $259 / Sq Ft
02/22/2019 02/22/19 Pending -- -- --
02/21/2019 02/21/19 For Sale $1,300,000 -- $237 / 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 $2,018 $292,500 $88,500 $204,000
2024 $2,018 $285,000 $86,000 $199,000
2023 $1,948 $285,000 $80,500 $204,500
2022 $2,365 $285,000 $68,000 $217,000
2020 $1,678 $180,000 $62,000 $118,000
2019 $1,259 $136,000 $57,500 $78,500
2018 $1,375 $128,500 $42,500 $86,000
2017 $1,012 $99,000 $39,000 $60,000
2016 $969 $94,000 $39,000 $55,000
2015 $1,029 $94,000 $39,000 $55,000
2013 $789 $68,000 $44,000 $24,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1649915

Northwest Multiple Listing Service (NWMLS)

APN: 007236-001-101-00