NOT LISTED FOR SALE

Estimated Value: $1,486,000 - $1,572,507

-- Bed
4 Baths
3,456 Sq Ft
$446/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $1,400,000 $405 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $9,314/month

24 Days on Market

About This Home

As of September 2021

Update! Unit B is now occupied. No interior viewing without signed P&S agreement. Keybox has been removed. Drive by only. Well maintained 4 Plex. Edmonds is a great rental area. Quick access to the freeway North and South and Highway 99. Each unit is a spacious 2 bedroom with W/D in the unit. 2 garage bays are included with each unit (with the exception of Unit A - the owner has one of the bays) in addition to parking out front. The property is in a lovely quiet park like setting off of Edmonds Way. Two of the units have fireplaces. Unit B has new vinyl plank flooring with updated counters and bath vanity. Please respect the tenants.

Last Listed By

Theresa Neal

Agile Property Management LLC License #111615 Listed on: 06/07/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1787284

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,198

Year Built

  • Built in 1980

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 107 x 103

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Stucco
  • Wood Composite

Interior Spaces

  • 3,456 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 16 Parking Spaces
  • 8 Covered Spaces
  • Open Parking

Community Details

  • Edmonds Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 4
  • Assessor Parcel Number 0046330040301

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,198

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
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 267

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 8
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 16
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Snohomish County PUD
  • SewerCompany: City of Edmonds
  • WaterCompany: City of Edmonds
  • WaterSewerGarbage: 4659

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Edmonds

Lot Info

  • Parcel Number: 0046330040301
  • Lot Size Acres: 0.2608
  • Lot Size: 107 X 103
  • Lot Size Sq Ft: 11362
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 3

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 6630

Multi Family

  • Gross Scheduled Income: 79560
  • Net Operating Income: 64226
  • Number Of Units Total: 4
  • Electric Expense: 1007
  • Insurance Expense: 1200
  • Leasable Area: 3456
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7198

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2021
Closed on
Jul 30, 2021
Sold by
9108 Douglas Landing Llc
Bought by
Dan Bo and Zhang Yifan
Seller's Agent
Theresa Neal
Agile Property Management LLC
Buyer's Agent
Yifan Zhang
eXp Realty
List Price
$1,465,000
Sold Price
$1,400,000
Premium/Discount to List
-$65,000
-4.44%
Total Days on Market
24
Current Estimated Value
$1,541,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,877
Avg. Annual Appreciation
2.66%
Original Mortgage
$700,000
Outstanding Balance
$647,301
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$894,576

Purchase Details

Closed on
Jan 10, 2011
Sold by
Norman Kelly D
Bought by
9108 Douglas Landing Llc

Purchase Details

Closed on
Jun 28, 2005
Sold by
Norman Kelly D
Bought by
Norman Kelly D

Purchase Details

Closed on
Nov 21, 1997
Sold by
Cheshire Vivian R
Bought by
Norman Kelly D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.62%

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
Dan Bo $1,400,000 First American Title
9108 Douglas Landing Llc -- None Available
Norman Kelly D -- --
Norman Kelly D $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dan Bo $700,000
Previous Owner Norman Kelly D $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $1,400,000 -4.4% $405 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $1,465,000 -- $424 / 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 $9,177 $1,301,000 $565,900 $735,100
2024 $9,177 $1,301,000 $565,900 $735,100
2023 $8,768 $1,288,000 $292,300 $995,700
2022 $7,617 $920,000 $225,400 $694,600
2020 $6,780 $730,000 $205,300 $524,700
2019 $5,677 $616,000 $198,600 $417,400
2018 $4,982 $467,000 $189,700 $277,300
2017 $4,705 $462,000 $174,000 $288,000
2016 $4,273 $416,000 $174,000 $242,000
2015 $4,090 $375,000 $174,000 $201,000
2013 $3,224 $279,000 $198,600 $80,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1787284

Northwest Multiple Listing Service (NWMLS)

APN: 004633-004-003-01