Seller's Agent in 2020
Steve Fischer
Northmarq Multifamily, LLC
(206) 505-9435
3 in this area
37 Total Sales
Listed by KW Greater Seattle, Bought with Northmarq Multifamily, LLC
8122 242nd St SW Edmonds, WA 98026
Esperance Neighborhood
--
Bed
--
Bath
5,489
Sq Ft
0.27
Acres
Highlights
- Ceramic Tile Flooring
- High Speed Internet
- Wood Siding
- Edmonds Woodway High School Rated A-
About This Home
As of September 2020Unique opportunity to own a 7-unit multi-family building in Edmonds. All units are 2 beds, 1 bath, w/ laundry in-unit. Parking for 14, including 4 carport spaces, w/ additional storage for each unit. Great location near transit, park & ride, I-5 & Aurora Village. Additional option to convert to condos & resale for profit. Rented below market values w/ month-to-month leases, which makes for a great opportunity to increase cash-flow quickly. Recent appraisal & rent proformas available on request.
Co-Listed By
Scott Phariss
Windermere R.E. Shoreline License #26137
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1412914
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,997
Year Built
- Built in 1984
Lot Details
- 0.27 Acre Lot
- Property is in average condition
Home Design
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 5,489 Sq Ft Home
- 2-Story Property
Flooring
- Wall to Wall Carpet
- Ceramic Tile
- Vinyl
Parking
- 14 Parking Spaces
- Open Parking
Schools
- Westgate Elemwg Elementary School
- College Pl Mid Middle School
- Edmonds Woodway High School
Utilities
- High Speed Internet
- Cable TV Available
Community Details
- Cedar Village Condos
- Edmonds Subdivision
Listing and Financial Details
- Assessor Parcel Number 00723600110100
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,965,561
Avg. Annual Appreciation
-31.40%
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
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,315,050 | Chicago Title Company Of Wa | |
| Warranty Deed | -- | Chicago Title | |
| Warranty Deed | $1,420,000 | Chicago Title | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,228,400 | Commercial |
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
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
-
Steve Fischer
-
Tyler Smith
Seller Co-Listing Agent in 2020
Tyler Smith
Northmarq Multifamily, LLC
(206) 505-9425
3 in this area
22 Total Sales
-
Matt Stark
Buyer's Agent in 2020
Matt Stark
Windermere Corporate
(206) 940-4557
1 in this area
143 Total Sales
-
Jesse Moore
Seller's Agent in 2019
Jesse Moore
KW Greater Seattle
(425) 876-0766
69 Total Sales
-
S
Seller Co-Listing Agent in 2019
Scott Phariss
Windermere Corporate
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1412914
APN: 007236-001-101-00
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Based on information submitted to the MLS GRID
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