NOT LISTED FOR SALE

8201 244th St SW Edmonds, WA 98020

Esperance Neighborhood
-- Bed
-- Bath
18,048 Sq Ft
0.45 Acres

Last Sold August 13, 2021

Last sale price $4,350,000 $241 Per Sq Ft

81 Days on Market

About This Home

As of August 2021

The Village Apartments is a 28 unit apartment located in Edmonds. This is a rare opportunity with significant upside. Market cap rate of 6.75%. Double pane windows, and a newer roof. Most unit have been turned in the past 5 years and the building has a heavy concentration of 1 bedrooms.

Last Agent to Sell the Property

Steve Fischer

Northmarq Multifamily, LLC License #87455 Listed on: 12/07/2020

Co-Listed By

Tyler Smith

Northmarq Multifamily, LLC License #24028396

Last Buyer's Agent

Steve Fischer

Northmarq Multifamily, LLC License #87455 Listed on: 12/07/2020

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1696333

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,580

Year Built

  • Built in 1958

Lot Details

  • 0.45 Acre Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Stucco

Interior Spaces

  • 18,048 Sq Ft Home
  • 3-Story Property

Parking

  • 25 Parking Spaces
  • Open Parking

Community Details

  • Firdale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00491100001605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,580

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1958
  • Buyer Agency Compensation: 1.75
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 18048
  • Special Features: VirtualTour
  • Cumulative Days on Market: 371

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Stucco
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 25
  • Open Parking: Yes
  • Total Parking Spaces: 25
  • ParkingUncoveredSpaces: 25

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 38351

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00491100001605
  • Lot Size Acres: 0.45
  • Lot Size Sq Ft: 19602
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Snohomish County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 31365

Multi Family

  • Gross Scheduled Income: 376380
  • Net Operating Income: 219852
  • Number Of Units Total: 28
  • Insurance Expense: 5600
  • Leasable Area: 18040
  • EnergySource: Electric
  • UnitsInBuildingTotal: 28
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 28580

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

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $4,350,000 0.0% $241 / Sq Ft
02/26/2021 02/26/21 Pending -- -- --
02/10/2021 02/10/21 Price Changed $4,350,000 0.0% $241 / Sq Ft
02/10/2021 02/10/21 For Sale $4,350,000 -3.3% $241 / Sq Ft
01/21/2021 01/21/21 Pending -- -- --
12/07/2020 12/07/20 For Sale $4,500,000 -- $249 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Fischer

    Seller's Agent in 2021

    Steve Fischer

    Northmarq Multifamily, LLC

    (206) 505-9435

    3 in this area

    39 Total Sales

    Steve Fischer
    Section Image
  • Tyler Smith

    Seller Co-Listing Agent in 2021

    Tyler Smith

    Northmarq Multifamily, LLC

    (206) 505-9425

    4 in this area

    25 Total Sales

    Tyler Smith
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1696333

Northwest Multiple Listing Service (NWMLS)

Washington Snohomish County Edmonds 98020 Esperance

8201 244th St SW, Edmonds, WA

This home is located at 8201 244th St SW, Edmonds, WA 98020 since 07 December 2020. This property was built in 1958. 8201 244th St SW is a home located in Snohomish County with nearby schools including Sherwood Elementary School, College Place Middle School, and Edmonds Woodway High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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