NOT LISTED FOR SALE

8204 242nd St SW Edmonds, WA 98026

Esperance Neighborhood

Estimated Value: $1,407,000 - $1,516,115

8 Beds
4 Baths
3,964 Sq Ft
$365/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $1,200,000 $303 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $8,678/month

8 Days on Market

About This Home

As of May 2021

This 1980’s constructed 4-plex is located in Snohomish County’s premier city of Edmonds. Spacious units make this property attractive to a wide range of tenants. All large 2 bed units with in-unit laundry and private balconies. Top 2 units have vaulted ceilings. Quiet cul-de-sac location. Sitting close to transit hubs, this property allows for easy access in all direction. There is rental upside to push rents to increase owner income, rents on this property are roughly 25% below market.

Last Agent to Sell the Property

Joe Kinkopf

Northmarq Commercial, LLC Listed on: 04/19/2021

Last Buyer's Agent

Joe Kinkopf

Northmarq Commercial, LLC Listed on: 04/19/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1760089

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,970

Year Built

  • Built in 1980

Lot Details

  • 0.29 Acre Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,964 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Firdale Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00491100001502

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,970

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1980
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3964
  • Special Features: None
  • Cumulative Days on Market: 311

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Available
  • Heating Yn: Yes
  • Utilities: Electric
  • WaterSewerGarbage: 5143

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00491100001502
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12632
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: MLS Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 4820

Multi Family

  • Gross Scheduled Income: 57840
  • Net Operating Income: 35685
  • Number Of Units Total: 4
  • Insurance Expense: 1650
  • Leasable Area: 3964
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7970

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
May 26, 2021
Sold by
Huber Gregory L and Jaeger Joan M
Bought by
Khadeer Samreen and Ahmed Shoaib
Seller's Agent
Joe Kinkopf
Northmarq Commercial, LLC
Buyer's Agent
Joe Kinkopf
Northmarq Commercial, LLC
List Price
$1,075,000
Sold Price
$1,200,000
Premium/Discount to List
$125,000
11.63%
Total Days on Market
8
Current Estimated Value
$1,447,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,029
Avg. Annual Appreciation
4.19%
Original Mortgage
$960,000
Outstanding Balance
$879,796
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$540,691

Purchase Details

Closed on
Jun 21, 1999
Sold by
Reisner Ronald M and Reisner D
Bought by
Huber Gregory L and Jaeger Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,200
Interest Rate
7.05%

Purchase Details

Closed on
Jan 7, 1994
Sold by
Shilati Essi and Shilati Minoo
Bought by
Reisner Ronald M and Reisner D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.38%
Source: Public Records

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Range of Values:

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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
Khadeer Samreen $1,200,000 Chicago Title Company Of Wa
Huber Gregory L $334,800 Chicago Title Insurance Co
Reisner Ronald M $247,500 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Khadeer Samreen $0
Open Khadeer Samreen $960,000
Previous Owner Huber Gregory L $230,288
Previous Owner Huber Gregory L $261,200
Previous Owner Reisner Ronald M $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $1,200,000 +11.6% $303 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $1,075,000 -- $271 / 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 $8,705 $1,234,000 $718,200 $515,800
2024 $8,705 $1,234,000 $702,100 $531,900
2023 $8,319 $1,222,000 $413,700 $808,300
2022 $8,030 $970,000 $319,000 $651,000
2020 $7,503 $808,000 $290,500 $517,500
2019 $6,284 $682,000 $281,100 $400,900
2018 $5,515 $517,000 $268,400 $248,600
2017 $5,265 $517,000 $246,300 $270,700
2016 $4,786 $466,000 $246,300 $219,700
2015 $4,581 $420,000 $246,300 $173,700
2013 $3,604 $312,000 $281,100 $30,900
Source: Public Records

Agents Affiliated with this Home

  • Joe Kinkopf

    Seller's Agent in 2021

    Joe Kinkopf

    Northmarq Commercial, LLC

    (206) 321-8344

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1760089

Northwest Multiple Listing Service (NWMLS)

APN: 004911-000-015-02

Washington Snohomish County Edmonds 98026 Esperance

8204 242nd St SW, Edmonds, WA

This home is located at 8204 242nd St SW, Edmonds, WA 98026 since 19 April 2021 and is currently estimated at $1,447,029, approximately $365 per square foot. This property was built in 1980. 8204 242nd St SW is a home located in Snohomish County with nearby schools including Westgate 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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