Listed by Coldwell Banker Danforth, Bought with John L. Scott Anacortes
$1,275,000
SOLD OCT 23, 2024
-- Bed
-- Bath
3,456 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$369 Per Sq Ft

2% Above List Price

14 Days on Market

Highlights

  • Deck
  • No HOA
  • Baseboard Heating
  • Edmonds Woodway High School Rated A-
  • Thermal Windows
  • High Speed Internet

About This Home

As of October 2024

Great building in fabulous tranquil location yet close to SR 104, Hwy 99 and I-5. About 1.5 miles to the new light rail station. All new 2024 Milgard windows & sliding glass doors! Each unit is 2 brm/1 bath with it's own deck overlooking the tranquil fully fenced back yard and in-unit washer and dryer. Separately metered electric which includes heat is paid by tenants. 2 upstairs units with fireplaces. Occupied units on month to month are quite significantly below market. Rents for vacant units, B & C, are projected market rent which could be higher with cosmetic upgrades. Granite bathroom counters and Unit D with natural wood cabinets and granite counters in both kitchen & bath. Well-maintained by long term ownership of 34 years.

Last Agent to Sell the Property

Diana Russell

Coldwell Banker Danforth License #31033 Listed on: 09/16/2024

Coldwell Banker Danforth

Last Buyer's Agent

Jeff Smith

John L. Scott Anacortes License #140437

John L. Scott Anacortes

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2290916

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,303

Year Built

  • Built in 1980

Lot Details

  • 9,148 Sq Ft Lot
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in good condition

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,456 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Laminate
  • Vinyl

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Radiant Heating System
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Edmonds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00463300400302

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,303

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3456
  • Special Features: None
  • Cumulative Days on Market: 223

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Available, Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Radiant
  • Heating Yn: Yes
  • WaterSewerGarbage: 6780

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 00463300400302
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9148
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully,High Speed Internet
  • MLSLotSizeSource: Snohomish County Records
  • MLSSquareFootageSource: Snohomish County Records

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 6225

Multi Family

  • Gross Scheduled Income: 74700
  • Net Operating Income: 50434
  • Number Of Units Total: 4
  • Electric Expense: 600
  • Insurance Expense: 3583
  • Leasable Area: 3456
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2024
  • Tax Annual Amount: 8303

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Oct 23, 2024
Sold by
William P Lawrence And Diane E Walker Re and Walker Diane E
Bought by
Mills Miles and Mills Ruby Jean
Seller's Agent
Diana Russell
Coldwell Banker Danforth
Buyer's Agent
Jeff Smith
John L. Scott Anacortes
List Price
$1,250,000
Sold Price
$1,275,000
Premium/Discount to List
$25,000
2%
Views
16
Current Estimated Value
$1,356,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,068
Avg. Annual Appreciation
5.45%
Original Mortgage
$1,211,250
Outstanding Balance
$1,205,388
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$114,384

Purchase Details

Closed on
Feb 19, 2014
Sold by
Lawrence William P and Walker Diane E
Bought by
Lawrence William P and Revo Diane E Walker

Purchase Details

Closed on
Jan 6, 1994
Sold by
Walker Diane E
Bought by
Lawrence William P and Walker Diane E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
6.76%
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 Type Sale Price Title Company
Warranty Deed $1,275,000 Cw Title
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,211,250 New Conventional
Previous Owner $114,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Sold $1,275,000 +2.0% $369 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
09/16/2024 09/16/24 For Sale $1,250,000 -- $362 / 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 $8,304 $1,177,000 $575,000 $602,000
2024 $8,304 $1,177,000 $575,000 $602,000
2023 $7,932 $1,165,000 $299,600 $865,400
2022 $7,253 $876,000 $231,000 $645,000
2020 $6,780 $730,000 $210,400 $519,600
2019 $5,677 $616,000 $203,500 $412,500
2018 $4,982 $467,000 $194,400 $272,600
2017 $4,705 $462,000 $178,400 $283,600
2016 $4,273 $416,000 $178,400 $237,600
2015 $4,090 $375,000 $178,400 $196,600
2013 $3,224 $279,000 $203,500 $75,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2290916

Northwest Multiple Listing Service (NWMLS)

APN: 004633-004-003-02