Only 1.7 miles from downtown Edmonds & 1 block from 5 corners, this 4-plex provides an amazing lot, location & investment opportunity! Each unit features 2 bedrooms, 1 full bath, in-unit washer/dryer, full kitchen, dining room, and spacious living room. The private 8 space parking lot has room for all, not to mention an abundance of street-parking. Building painted in 2012; new composition roofing installed in 2013. Unit B1 updated in 2013, other units have had updates over the years.
Last Listed By
Ashley Abolafia
Windermere Real Estate/EastLicense #20113566Listed on: 11/17/2017
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1219379
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,949
Year Built
Built in 1976
Lot Details
8,712 Sq Ft Lot
Home Design
Quadruplex
Poured Concrete
Composition Roof
Bitumen Roof
Stucco
Interior Spaces
3,360 Sq Ft Home
2-Story Property
Flooring
Wall to Wall Carpet
Vinyl
Parking
8 Parking Spaces
Open Parking
Schools
Chase Lake Elementary School
College Pl Mid Middle School
Edmonds Woodway High School
Utilities
High Speed Internet
Cable TV Available
Community Details
Edmonds Subdivision
Listing and Financial Details
Assessor Parcel Number 00467400000901
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$4,949
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
EffectiveYearBuiltSource: Public Records
Special Features: None
Interior Features
Possible Use: Commercial, Multi-Family
Fireplace: No
Flooring: Vinyl, Carpet
Interior Amenities: Wall to Wall Carpet
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
Exterior Features
Roof: Composition, Torch Down
Lot Features: Paved
View: No
Waterfront: No
Exterior Features: Stucco
Foundation Details: Poured Concrete
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
Heating Yn: Yes
Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
PowerCompany: PUD
SewerCompany: City of Edmonds
WaterCompany: City of Edmonds
WaterSewerGarbage: 104
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: 8,712
Lot Size Sq Ft: 8712
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
SiteFeatures: Cable TV,High Speed Internet
MLSLotSizeSource: Realist
ZoningJurisdiction: County
ZoningClass: Commercial,Multi-Family
Green Features
Power Production Type: Electric
Rental Info
Furnished: Unfurnished
GrossRentMultiplier: 13
LeasedItems: None
TotalMonthlyIncome: 3725
Multi Family
Gross Scheduled Income: 44700
Net Operating Income: 37602
Number Of Units Total: 4
Electric Expense: 16
Insurance Expense: 2029
Leasable Area: 3360
UnitsInBuildingTotal: 4
UnitsBelowGrade: false
VacancyRate: 0
Tax Info
Year: 2017
Tax Annual Amount: 4949
MLS Schools
Elementary School: Chase Lake Elem
Ownership History
DateNameOwned ForOwner Type
May 2024 - PresentGunderson Daniel and Gunderson Arashdeep1 Year
Private Individual
Purchase Details
Closed on
May 28, 2024
Sold by
Price Edmonds Llc
Bought by
Gunderson Daniel and Gunderson Arashdeep
Total Days on Market
0
Current Estimated Value
$1,380,849
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,000
Outstanding Balance
$869,761
Interest Rate
7.1%
Mortgage Type
Credit Line Revolving
Estimated Equity
$511,088
Apr 2021 - May 2024Price Edmonds Llc3 Years and 1 Month
Company
Purchase Details
Closed on
Apr 19, 2021
Sold by
Price Casey F
Bought by
Price Edmonds Llc
Jan 2021 - Apr 2021Price Casey F3 Months
Private Individual
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
Dec 2017 - Jan 2021Price Casey F3 Years and 1 Month
Private Individual
Purchase Details
Listed on
Nov 17, 2017
Closed on
Dec 10, 2017
Sold by
Abolafia Steven and Abolafia Renee D
Bought by
Price Casey F
Seller's Agent
Ashley Abolafia
Windermere Real Estate/East
Buyer's Agent
Casey Price
Windermere Real Estate M2 LLC
List Price
$600,000
Sold Price
$713,750
Premium/Discount to List
$113,750
18.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.30%
Original Mortgage
$535,312
Interest Rate
3.94%
Mortgage Type
New Conventional
Dec 2017 - Dec 2017Price Casey FLess than a month
Private Individual
Purchase Details
Listed on
Nov 17, 2017
Closed on
Dec 9, 2017
Sold by
Price Melanie G and Price Casey F
Bought by
Price Casey F
Seller's Agent
Ashley Abolafia
Windermere Real Estate/East
Buyer's Agent
Casey Price
Windermere Real Estate M2 LLC
List Price
$600,000
Sold Price
$713,750
Premium/Discount to List
$113,750
18.96%
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
Aug 1999 - Dec 2017Abolafia Steven and Abolafia Renee D18 Years and 4 Months
Private Individual
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%
Aug 1998 - Aug 1999Barokas Gerald J1 Year
Private Individual
Purchase Details
Closed on
Aug 19, 1998
Sold by
Barokas Vasiliki
Bought by
Barokas Gerald J
Jan 1998 - Aug 1998Barokas Gerald J and Barokas Bonny7 Months
Private Individual
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%
Jan 1995 - Jan 1998Barokas Gerald J and Barokas Vasiliki3 Years
Private Individual
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:
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Average Value
Not Available
List Price
Sold Price
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Quality built 4 plex, on 12,633 sq.ft. lot, on greenbelt. Ocean view across the street.1 mile to beach. Salt water breeze reaches units. Huge backyard. All units are bigger than newly built 3 bedrooms. Oversized patios & balconies. Sound proof bubble concrete sub floors, see picture. Hardwood floors. Granite countertop. New double thick glass windows. New doors and millwork. 2 new bathtubs & all
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 8311 214th Place SW, Edmonds, WA 98026 since 17 November 2017 and is currently estimated at $1,380,849, approximately $410 per square foot. This property was built in 1976. 8311 214th Place SW is a home located in Snohomish County with nearby schools including Chase Lake Elementary School, College Place Middle School, and Edmonds Woodway High School.
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