NOT LISTED FOR SALE

Estimated Value: $670,000 - $818,000

4 Beds
2 Baths
1,860 Sq Ft
$401/Sq Ft Est. Value

Last Sold May 17, 2023

Last sale price $695,000 $374 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,664/month

15 Days on Market

Highlights

  • 0.29 Acre Lot
  • Deck
  • No HOA
  • Skyline Elementary School Rated A-
  • Wood Flooring
  • High Speed Internet

About This Home

As of May 2023

Welcome to your new investment property in Lake Stevens! This beautifully maintained duplex offers a rare opportunity to own a turnkey income-producing property in one of Washington's most desirable cities. Each unit features 2 bedrooms, 1 bathroom, a spacious living room, and a fully equipped kitchen. Located just minutes away from top-rated schools, parks, and restaurants. It also offers easy access to major highways, making commuting to Seattle or Everett a breeze. Whether you're an experienced investor looking to add to your portfolio or a first-time buyer interested in a great investment opportunity, this duplex is sure to impress. Don't miss out on the chance to own a piece of the thriving Lake Stevens real estate market!

Last Agent to Sell the Property

Kristen Grinde

Daily Realty Group LLC License #119925 Listed on: 04/06/2023

Last Buyer's Agent

Jeff Smith

John L. Scott Anacortes License #140437

John L. Scott Anacortes

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2053061

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,390

Year Built

  • Built in 1991

Lot Details

  • 0.29 Acre Lot
  • Street terminates at a dead end

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,860 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lake Stevens Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 00398500000300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,390

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1991
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1860
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thanks for your hard work!
  • Special Features: None
  • Cumulative Days on Market: 287

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Hardwood, Laminate Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PUD
  • SewerCompany: Lake Stevens Sewer District
  • WaterCompany: PUD
  • WaterSewerGarbage: 2376

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Lake Stevens

Lot Info

  • Parcel Number: 00398500000300
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12632
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • LotNumber: 3

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18.5
  • LeasedItems: None
  • TotalMonthlyIncome: 3150

Multi Family

  • Gross Scheduled Income: 37800
  • Net Operating Income: 28834
  • Number Of Units Total: 2
  • Insurance Expense: 1200
  • Leasable Area: 1860
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5390

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 8, 2023
Sold by
Revenig Jordan J
Bought by
Mills Miles
Seller's Agent
Kristen Grinde
Daily Realty Group LLC
Buyer's Agent
Jeff Smith
John L. Scott Anacortes
List Price
$699,999
Sold Price
$695,000
Premium/Discount to List
-$4,999
-0.71%
Total Days on Market
15
Views
57
Current Estimated Value
$745,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,455
Avg. Annual Appreciation
3.46%
Original Mortgage
$647,638
Outstanding Balance
$633,497
Interest Rate
6.56%
Mortgage Type
FHA
Estimated Equity
$111,958

Purchase Details

Closed on
Nov 4, 2010
Sold by
Perry Sherman S
Bought by
Revenig Jordan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,285
Interest Rate
4.33%
Mortgage Type
FHA
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
Mills Miles $695,000 Chicago Title
Revenig Jordan J $185,000 Rainier Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mills Miles $647,638
Previous Owner Revenig Jordan J $180,285
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2023 05/17/23 Sold $695,000 -0.7% $374 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $699,999 0.0% $376 / Sq Ft
04/15/2023 04/15/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $699,999 -- $376 / 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 $5,942 $679,600 $314,100 $365,500
2024 $5,942 $642,900 $281,700 $361,200
2023 $5,733 $672,100 $302,400 $369,700
2022 $5,390 $496,500 $219,600 $276,900
2020 $4,891 $417,600 $185,400 $232,200
2019 $4,457 $372,800 $165,600 $207,200
2018 $4,384 $378,200 $171,000 $207,200
2017 $3,522 $312,100 $108,000 $204,100
2016 $3,334 $273,700 $95,400 $178,300
2015 $2,498 $185,400 $80,100 $105,300
2013 $2,416 $157,000 $52,200 $104,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2053061

Northwest Multiple Listing Service (NWMLS)

APN: 003985-000-003-00