NOT LISTED FOR SALE

8311 214th Place SW Unit 1-4 Edmonds, WA 98026

Chase Lake Neighborhood

Estimated Value: $1,309,609 - $1,408,000

8 Beds
4 Baths
3,360 Sq Ft
$407/Sq Ft Est. Value

Last Sold June 05, 2024

Last sale price $1,360,000 $405 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,236/month

13 Days on Market

Highlights

  • No HOA
  • Thermal Windows
  • Partially Fenced Property
  • Edmonds Woodway High School Rated A-
  • Baseboard Heating
  • Wood Siding

About This Home

As of June 2024

Edmonds 4plex centrally located just 1 block from 5-corners with wonderful amenities. The well-maintained & professionally managed building sits on a quiet street with many single-family residential homes. Long term tenants with below market rents provide an opportunity to immediately increase cashflow. Two units have been fully remodeled with stylish/modern finishes. Updated roof, exterior paint, & windows in 2018. Each unit has a spacious living room, dining room & kitchen with open layout, along with 2 bedrooms, full bath, & in-unit washer/dryer. Low maintenance grounds + ample parking. Quick access to I-5, downtown Edmonds, restaurants, coffee shops, & schools.

Last Listed By

Casey Price

Windermere Real Estate M2 LLC License #96386 Listed on: 04/10/2024

Windermere Real Estate M2 LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2220658

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,338

Year Built

  • Built in 1976

Lot Details

  • 8,712 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,360 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Chase Lake Elementary School
  • College Pl Mid Middle School
  • Edmonds Woodway High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 5 Corners Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00467400000901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,338

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3360
  • Special Features: None
  • Cumulative Days on Market: 252

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition, Flat
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: City of Edmonds
  • WaterCompany: City of Edmonds
  • WaterSewerGarbage: 5425.27

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds
  • High School: Edmonds Woodway High
  • Middle Or Junior School: College Pl Mid

Lot Info

  • Parcel Number: 00467400000901
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Snohomish County Assessor
  • MLSSquareFootageSource: Snohomish County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 18.87
  • LeasedItems: None
  • TotalMonthlyIncome: 6625

Multi Family

  • Gross Scheduled Income: 79500
  • Net Operating Income: 63713
  • Number Of Units Total: 4
  • Electric Expense: 486.69
  • Insurance Expense: 2537
  • Leasable Area: 3360
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7338

MLS Schools

  • Elementary School: Chase Lake Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
May 28, 2024
Sold by
Price Edmonds Llc
Bought by
Gunderson Daniel and Gunderson Arashdeep
Seller's Agent
Casey Price
Windermere Real Estate M2 LLC
Buyer's Agent
Dan Gunderson
Windermere Real Estate M2 LLC
List Price
$1,500,000
Sold Price
$1,360,000
Premium/Discount to List
-$140,000
-9.33%
Total Days on Market
13
Views
43
Current Estimated Value
$1,368,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,652
Avg. Annual Appreciation
1.51%
Original Mortgage
$877,000
Outstanding Balance
$871,243
Interest Rate
7.1%
Mortgage Type
Credit Line Revolving
Estimated Equity
$507,444

Purchase Details

Closed on
Apr 19, 2021
Sold by
Price Casey F
Bought by
Price Edmonds Llc

Purchase Details

Closed on
Jan 25, 2021
Sold by
Price Melanie G
Bought by
Price Casey F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2018
Sold by
Price Casey F
Bought by
Price Edmonds Llc

Purchase Details

Closed on
Dec 10, 2017
Sold by
Abolafia Steven and Abolafia Renee D
Bought by
Price Casey F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,312
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2017
Sold by
Price Melanie G and Price Casey F
Bought by
Price Casey F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,312
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 1999
Sold by
Barokas Gerald J and Barokas Bonny
Bought by
Abolafia Steven and Abolafia Renee D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
8.09%

Purchase Details

Closed on
Aug 19, 1998
Sold by
Barokas Vasiliki
Bought by
Barokas Gerald J

Purchase Details

Closed on
Jan 5, 1998
Sold by
Barokas Gerald J
Bought by
Barokas Gerald J and Barokas Bonny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.73%

Purchase Details

Closed on
Jan 5, 1995
Sold by
Lui Chak Kong and Lui Ping Yuk
Bought by
Barokas Gerald J and Barokas Vasiliki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
9.29%

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
Gunderson Daniel $1,360,000 Chicago Title
Price Edmonds Llc -- None Available
Price Casey F -- Chicago Title
Price Casey F -- Chicago Title
Price Casey F $713,750 Cw Title
Price Casey F -- None Available
Abolafia Steven $290,000 Century Title
Barokas Gerald J -- --
Barokas Gerald J -- --
Barokas Gerald J $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gunderson Daniel $877,000
Previous Owner Price Casey F $672,000
Previous Owner Price Casey F $535,312
Previous Owner Abolafia Steven $258,000
Previous Owner Abolafia Steven $296,000
Previous Owner Abolafia Steven $203,000
Previous Owner Barokas Gerald J $215,000
Previous Owner Barokas Gerald J $187,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2024 06/05/24 Sold $1,360,000 -9.3% $405 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $1,500,000 -- $446 / 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 $7,338 $1,200,000 $489,400 $710,600
2024 $7,338 $1,040,000 $445,000 $595,000
2023 $5,858 $860,000 $389,200 $470,800
2022 $6,120 $739,000 $331,200 $407,800
2020 $6,483 $698,000 $276,000 $422,000
2019 $5,898 $640,000 $213,400 $426,600
2018 $5,909 $554,000 $191,700 $362,300
2017 $4,949 $486,000 $178,600 $307,400
2016 $4,314 $420,000 $174,200 $245,800
2015 $3,840 $352,000 $165,500 $186,500
2013 $3,697 $320,000 $165,500 $154,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Similar Home in Edmonds, WA

  • 8912 229th Place SW Unit A & B, Edmonds, WA 98026

    $1,499,950

    • 7 Beds
    • 5 Baths
    • 3,287 Sq Ft
    • 8912 229th Place SW
    • Unit A & B
    • Edmonds, WA

    Unique opportunity in Edmonds! Exceptional property featuring 2 separate structures w/endless possibilities—live in one & rent the other, keep both as income-producing rentals, or create the perfect multi-generational living setup. Structure A is a spacious 2091 sqft home w/5 beds & 3 baths. It boasts beautiful hardwoods, a cozy gas FP & a remodeled kitchen w/an eating nook & French doors that

    Sam Mansour John L. Scott, Inc.

    Section Image

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2220658

Northwest Multiple Listing Service (NWMLS)

APN: 004674-000-009-01