NOT LISTED FOR SALE

Estimated Value: $1,332,000 - $1,527,560

8 Beds
4 Baths
3,208 Sq Ft
$442/Sq Ft Est. Value

Last Sold March 04, 2020

Last sale price $953,000 $297 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $8,588/month

1 Day on Market

Highlights

  • Deck
  • Patio
  • Wall to Wall Carpet
  • Edmonds Woodway High School Rated A-
  • Open Space

About This Home

As of March 2020

Fantastic investment opportunity to own this solid 4-plex in Edmonds! Priced to sell at 6.24 Cap with room to grow rents! Spacious 2 bedroom 1 bath units with all appliances, including washers/dryers in each unit & fireplaces in two units. Nice patio/decks. Professionally managed & well taken care of with stable tenants. This location can't be beat within minutes of Shoreline Park, Commuter Rail at Edmonds Station, Edmonds & Shoreline CC & North Seattle College.

Last Agent to Sell the Property

Lisa Scivally

Cascade Properties & Invest. License #24585 Listed on: 01/31/2020

Last Buyer's Agent

Grant Gemza

Pellego, Inc. License #128499

Pellego, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1560537

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,254

Year Built

  • Built in 1979

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 153x58x155x58
  • Open Space
  • Property is in good condition

Home Design

  • Quadruplex
  • Block Foundation
  • Slab Foundation
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,208 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Ridge Acres Condos
  • Esperance Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 1
  • Assessor Parcel Number 00555300100201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,254

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Ridge Acres
  • New Construction: No
  • CalculatedSquareFootage: 3208
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 294

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Open Space, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Block, Slab
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: Edmonds
  • WaterCompany: Olympic View
  • WaterSewerGarbage: 4740

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00555300100201
  • Lot Size Acres: 0.2
  • Lot Size: 153x58x155x58
  • Lot Size Sq Ft: 8712
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Patio
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 2

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 5400

Multi Family

  • Gross Scheduled Income: 64800
  • Net Operating Income: 53054
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 3208
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5254

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2022
Sold by
Gemza Michael S and Gemza Marianne
Bought by
Michael S Gemza And Marianne Gemza Trust
Current Estimated Value
$1,417,140

Purchase Details

Listed on
Jan 31, 2020
Closed on
Mar 3, 2020
Sold by
Freshour Vicki L and Lammesdorf Vicki
Bought by
Gemza Michael and Gemza Marianne
Seller's Agent
Lisa Scivally
Cascade Properties & Invest.
Buyer's Agent
Grant Gemza
Pellego, Inc.
List Price
$850,000
Sold Price
$953,000
Premium/Discount to List
$103,000
12.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.04%

Purchase Details

Closed on
Sep 23, 2013
Sold by
Lammersdorf Vicki L
Bought by
Lammersdorf Vicki L

Purchase Details

Closed on
Jul 12, 2002
Sold by
Cascioppo Daniel J
Bought by
Lammersdorf Rex and Lammersdorf Vicki

Purchase Details

Closed on
Apr 30, 1998
Sold by
Cascioppo Anthony C
Bought by
Cascioppo Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,400
Interest Rate
9%

Purchase Details

Closed on
Jun 26, 1996
Sold by
Wik Gerald A and Wik Toshiko K
Bought by
Cascioppo Daniel J and Cascioppo Anthony C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
8.09%
Mortgage Type
Seller Take Back
Source: Public Records

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
Michael S Gemza And Marianne Gemza Trust -- Ray Kyle G
Gemza Michael $953,000 Wfg Natl Ttl Co Of Wa Llc
Lammersdorf Vicki L -- None Available
Lammersdorf Rex $328,000 --
Cascioppo Daniel J $115,930 Old Republic Title Ltd
Cascioppo Daniel J $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Freshour Vicki L $60,000
Previous Owner Lammersdorf Rex E $427,500
Previous Owner Lammersdorf Rex $416,000
Previous Owner Lammersdorf Rex $344,000
Previous Owner Cascioppo Daniel J $262,400
Previous Owner Cascioppo Daniel J $207,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2020 03/04/20 Sold $953,000 +12.1% $297 / Sq Ft
02/01/2020 02/01/20 Pending -- -- --
01/31/2020 01/31/20 For Sale $850,000 -- $265 / 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 $8,311 $1,178,000 $557,200 $620,800
2024 $8,311 $1,178,000 $557,200 $620,800
2023 $7,993 $1,174,000 $285,300 $888,700
2022 $7,311 $883,000 $220,000 $663,000
2020 $6,270 $675,000 $200,400 $474,600
2019 $5,254 $570,000 $193,800 $376,200
2018 $4,609 $432,000 $185,100 $246,900
2017 $4,359 $428,000 $169,900 $258,100
2016 $3,912 $386,000 $169,900 $216,100
2015 $3,745 $348,000 $169,900 $178,100
2013 $2,947 $259,000 $193,800 $65,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1560537

Northwest Multiple Listing Service (NWMLS)

APN: 005553-001-002-01