Listed by Skyline Properties, Inc.
NOT LISTED FOR SALE

8616 8th Ave W Unit 1-5 Everett, WA 98204

Westmont Neighborhood
-- Beds
-- Baths
4,654 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: August 31, 2020

Last sale price $950,000 $204 Per Sq Ft

55 Days on Market

Highlights

  • Deck
  • Partially Fenced Property
  • Wood Siding
  • Engineered Wood Flooring

About This Home

As of August 2020

S.Everett,Five Units,5.74% Cap Rate,Minutes to Paine Field Airport & Boeing.2 bed/1 bath units,4 storage units & 4 single car garage's, built in 1979,utility bill back,opportunity to add income with coin operated laundry,below market rents for rental upside,100%occupied,recent interior remodeling on all units,recent exterior painting,roof less than 8 years old,shared laundry machines onsite,Everett is a rapidly appreciating area.Future job growth in Everett in next 10yrs predicted at 38.2%.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 04/23/2020

Skyline Properties, Inc.

Co-Listed By

Sindhu Jakka

AgencyOne License #134026

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1584145

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,548

Year Built

  • Built in 1979

Lot Details

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

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,654 Sq Ft Home
  • 2-Story Property

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Covered Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Everett Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00580600000201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,548

Year Built

Built in 1979

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1979
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 4654
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Engineered Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 9

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: CITY OF EVERETT
  • WaterCompany: city of Everett

Schools

  • Junior High Dist: Mukilteo
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00580600000201
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 6975

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6548

Multi Family

  • Number Of Units Total: 5
  • Electric Expense: 479
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2020
Closed on
Aug 28, 2020
Sold by
Krishna Sharada Prasad Jakka Gopala
Bought by
Seller's Agent
Donna Marshall
Skyline Properties, Inc.
List Price
$975,000
Sold Price
$950,000
Premium/Discount to List
-$25,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,193,500
Outstanding Balance
$1,034,808
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2018
Sold by
Gopala Jakka Sindhu S and Gopala Krishna Sharada Prasad Jakka
Bought by
Krishna Sharada Prasad Jakka Gopala

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2018
Sold by
Croliss Craig L
Bought by
Gopala Prasad Sharada Prrada and Gopala Kraishna Jakka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$946,300 Stewart Title Guaranty Co
Krishna Sharada Prasad Jakka Gopala -- Chicago Title
Gopala Prasad Sharada Prrada $680,000 Chicago Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,193,500
Previous Owner Krishna Sharada Prasad Jakka Gopala $544,000
Previous Owner Gopala Prasad Sharada Prrada $544,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $950,000 -2.6% $204 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $975,000 -- $209 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,246 $1,061,000 $345,300 $715,700
2025 $8,169 $1,061,000 $340,300 $720,700
2024 $8,169 $1,030,000 $326,500 $703,500
2023 $7,750 $1,002,000 $312,800 $689,200
2022 $8,005 $896,000 $220,100 $675,900
2020 $6,458 $725,000 $195,100 $529,900
2019 $6,408 $727,000 $146,000 $581,000
2018 $6,151 $602,000 $129,000 $473,000
2017 $5,290 $528,000 $129,000 $399,000
2016 $4,529 $447,000 $88,000 $359,000
2015 $4,703 $420,000 $88,000 $332,000
2013 $4,783 $400,000 $88,000 $312,000
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1584145

Northwest Multiple Listing Service (NWMLS)
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