Listed by Skyline Properties, Inc., Bought with AgencyOne
NOT LISTED FOR SALE

8429 Vistarama Ave Unit A&B Everett, WA 98208

Estimated Value: $707,000 - $859,102

4 Beds
2 Baths
2,100 Sq Ft
$380/Sq Ft Est. Value

Last Sold July 13, 2021

Last sale price $625,000 $298 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,847/month

4 Days on Market

Highlights

  • 0.5 Acre Lot
  • Mountain View
  • Corner Lot
  • Jefferson Elementary School Rated A-
  • Deck
  • Property is Fully Fenced

About This Home

As of July 2021

S.Everett, Town home Duplex,Oversized corner lot 21,780 sq feet,each tenant with fenced backyard privacy,Quiet,residential neighborhood,long term tenants,100%occupied,2 car garage,deck,Large units over 1000 sq feet each,W/D in unit,great schools,minutes to I-5 and Mill Creek,rents below market,cosmetic updating will greatly increase income,charge back for utilities,Great first time investment property,easy to manage,live in one unit,Market Cap Rate 5.4+%,current rents should be $1650,value add opportunity w/cosmetic updating.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 06/03/2021

Skyline Properties, Inc.

Last Buyer's Agent

Jason Wu

AgencyOne License #127501

AgencyOne

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1780846

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,954

Year Built

  • Built in 1978

Lot Details

  • 0.5 Acre Lot
  • Property is Fully Fenced
  • Corner Lot
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,100 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Jefferson Elementary School
  • Eisenhower Mid Middle School
  • Cascade High School

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Silver Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00660200000400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,954

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2100
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 366

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Corner Lot, Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: CITY OF EVERETT
  • WaterCompany: city of Everett
  • WaterSewerGarbage: 1261

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Everett
  • High School: Cascade High
  • Middle Or Junior School: Eisenhower Mid

Lot Info

  • Parcel Number: 00660200000400
  • Lot Size Acres: 0.5
  • Lot Size Sq Ft: 21780
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 2960

Multi Family

  • Gross Scheduled Income: 35520
  • Net Operating Income: 25921
  • Number Of Units Total: 2
  • Insurance Expense: 839
  • Leasable Area: 2100
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5954

MLS Schools

  • Elementary School: Jefferson Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Jul 8, 2021
Sold by
Vistarama Property Llc
Bought by
Huang Xi and Zhang Xiangning
Seller's Agent
Donna Marshall
Skyline Properties, Inc.
Buyer's Agent
Jason Wu
AgencyOne
List Price
$598,998
Sold Price
$625,000
Premium/Discount to List
$26,002
4.34%
Current Estimated Value
$798,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,276
Avg. Annual Appreciation
5.98%
Original Mortgage
$468,000
Outstanding Balance
$429,213
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$365,554

Purchase Details

Closed on
Mar 1, 2018
Sold by
Hewitt Chad J and Hewitt Rickie W
Bought by
Vistarama Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 23, 2016
Sold by
Hewitt Chad J
Bought by
Hewitt Chad J and Hewitt Rickie W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2015
Sold by
Follis Rickie and Hewitt Chad J
Bought by
Hewitt Chad J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,708
Interest Rate
3.91%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 15, 2015
Sold by
Canim Inc
Bought by
Hewitt Chad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,708
Interest Rate
3.91%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 14, 2015
Sold by
Canim Inc
Bought by
Hewitt Chad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,708
Interest Rate
3.91%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 4, 2013
Sold by
Hewitt Chad
Bought by
Canim Inc

Purchase Details

Closed on
Apr 2, 2010
Sold by
Weinmann Jana and Rachey Jana L
Bought by
Hewitt Chad J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,964
Interest Rate
5.17%
Mortgage Type
FHA
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Huang Xi $625,000 Cw Title
Vistarama Property Llc -- Fidelity National Title
Hewitt Chad J -- First American Title Ins Co
Hewitt Chad J -- Stewart Title Company
Hewitt Chad -- None Available
Hewitt Chad -- None Available
Canim Inc -- None Available
Hewitt Chad J $278,000 Old Republic Title Ltd
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Xi $468,000
Previous Owner Vistarama Property Llc $360,000
Previous Owner Hewitt Chad J $280,000
Previous Owner Hewitt Chad J $255,708
Previous Owner Hewitt Chad J $255,708
Previous Owner Hewitt Chad J $272,964
Previous Owner Weinmann Jana L $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $625,000 +4.3% $298 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $598,998 -- $285 / 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 $6,077 $682,500 $405,000 $277,500
2024 $6,077 $635,200 $380,000 $255,200
2023 $6,855 $767,800 $475,000 $292,800
2022 $6,098 $596,400 $290,000 $306,400
2020 $5,895 $465,100 $221,000 $244,100
2019 $5,431 $427,400 $205,000 $222,400
2018 $5,465 $396,500 $187,000 $209,500
2017 $4,824 $347,900 $150,000 $197,900
2016 $4,110 $308,400 $125,000 $183,400
2015 -- $283,800 $115,000 $168,800
2013 $2,896 $179,300 $87,000 $92,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1780846

Northwest Multiple Listing Service (NWMLS)

APN: 006602-000-004-00