Listed by Windermere RE Anacortes Prop., Bought with John L. Scott Anacortes
NOT LISTED FOR SALE

903 -907 36th St Anacortes, WA 98221

Estimated Value: $822,000 - $1,599,292

8 Beds
2 Baths
4,768 Sq Ft
$269/Sq Ft Est. Value

Last Sold August 26, 2016

Last sale price $720,000 $151 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $7,545/month

36 Days on Market

Highlights

  • Bay View
  • Wood Siding
  • Wall to Wall Carpet
  • Anacortes High School Rated A-

About This Home

As of August 2016

Investment opportunity with both demand and rents on the rise. Four spacious (nearly 1200 sq. ft) units with comfortable floor plans and great rental history. Convenient location is attractive to tenants and units are in very nice shape. Attached 1 car garages for each unit with additional off street parking.

Last Agent to Sell the Property

Paul Weisz

Windermere RE Anacortes Prop. License #102320 Listed on: 05/09/2016

Windermere RE Anacortes Prop.

Last Buyer's Agent

Curt Oppel

John L. Scott Anacortes

John L. Scott Anacortes

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 939416

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,979

Year Built

  • Built in 1994

Lot Details

  • 0.37 Acre Lot
  • Street terminates at a dead end

Property Views

  • Bay
  • Mountain
  • Limited

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,768 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 10 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Anacortes Mid Middle School
  • Anacortes High School

Utilities

  • Cable TV Available

Community Details

  • Anacortes Subdivision

Listing and Financial Details

  • Assessor Parcel Number P56598

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,979

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1994
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4768
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Bay, Mountain(s), Partial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement/Concrete, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Anacortes
  • WaterCompany: City of Anacortes
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Anacortes
  • High School: Anacortes High
  • Middle Or Junior School: Anacortes Mid

Lot Info

  • Parcel Number: P56598
  • Lot Size Acres: 0.371
  • Lot Size Sq Ft: 16162
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 5
  • LeasedItems: None
  • TotalMonthlyIncome: 4300

Multi Family

  • Gross Scheduled Income: 51600
  • Net Operating Income: 38519
  • Number Of Units Total: 4
  • Insurance Expense: 878
  • Leasable Area: 4768
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2015
  • Tax Annual Amount: 4979

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2016
Closed on
Aug 9, 2016
Sold by
Portage Lane Holdings Llc
Bought by
Chamber Richard M and Chambers Kristen N
Seller's Agent
Paul Weisz
Windermere RE Anacortes Prop.
Buyer's Agent
Curt Oppel
John L. Scott Anacortes
List Price
$799,000
Sold Price
$720,000
Premium/Discount to List
-$79,000
-9.89%
Current Estimated Value
$1,283,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$563,573
Avg. Annual Appreciation
6.59%
Original Mortgage
$503,000
Outstanding Balance
$405,983
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$881,014

Purchase Details

Closed on
Apr 28, 2010
Sold by
Malland Richard
Bought by
Portage Lane Holdings Llc

Purchase Details

Closed on
Apr 5, 2010
Sold by
Malland Richard and Malland Karen
Bought by
Malland Richard

Purchase Details

Closed on
Sep 21, 2006
Sold by
Malland Richard J and Malland Karen L
Bought by
Malland Richard and Malland Karen

Purchase Details

Closed on
Feb 14, 2005
Sold by
Nelson Lawrence D and Nelson Amber L
Bought by
Malland Richard J and Malland Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,200
Interest Rate
5.07%
Mortgage Type
Commercial
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
Chamber Richard M $720,000 Guardian Northwest Title
Portage Lane Holdings Llc $660,000 Multiple
Malland Richard -- Chicago Title Company
Malland Richard -- None Available
Malland Richard J $624,000 Chicago Title Co Island Divi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chamber Richard M $503,000
Previous Owner Malland Richard J $499,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2016 08/26/16 Sold $720,000 -9.9% $151 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $799,000 -- $168 / 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
2024 $8,881 $1,346,400 $656,800 $689,600
2023 $8,881 $1,177,800 $510,000 $667,800
2022 $8,218 $1,158,100 $493,700 $664,400
2021 $7,367 $961,400 $425,000 $536,400
2020 $7,200 $798,900 $0 $0
2019 $6,792 $765,000 $0 $0
2018 $6,588 $719,700 $0 $0
2017 $4,788 $628,500 $0 $0
2016 $4,980 $502,800 $182,000 $320,800
2015 $4,829 $502,800 $182,000 $320,800
2013 $4,844 $502,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 939416

Northwest Multiple Listing Service (NWMLS)

APN: P56598