NOT LISTED FOR SALE

Estimated Value: $903,000 - $1,178,000

8 Beds
4 Baths
3,088 Sq Ft
$335/Sq Ft Est. Value

Last Sold August 19, 2021

Last sale price $934,950 $303 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,514/month

2 Days on Market

Highlights

  • Territorial View
  • Patio
  • Wall to Wall Carpet
  • Hillcrest Elementary School Rated A-
  • Wood Siding

About This Home

As of August 2021

Great Lake Stevens Location 4 Unit Apartment building! each unit 772sf has 2Bd/1Ba and comes with Range/oven, Dishwasher, Refrigerator & W&D! This 4-Plex has a Newer Roof (3yrs old)! Long Tern Tenants! Close to Schools, Shopping Areas (some within walking distance)! Conveniently located to Hwy 9 Hwy 204, Hwy 2 and I-5, Bus routes are also close! Don't miss this opportunity to own this great building in a very Hot Market!

Last Agent to Sell the Property

Walt Flynn

The Preview Group License #4540 Listed on: 07/07/2021

The Preview Group

Last Buyer's Agent

Sherrie Chen

AgencyOne License #105650

AgencyOne

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1800606

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,198

Year Built

  • Built in 1979

Lot Details

  • 0.25 Acre Lot
  • Street terminates at a dead end
  • Property is in good condition

Home Design

  • Quadruplex
  • Concrete Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,088 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Cavelero Middle School
  • Lake Stevens Snr Hig High School

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Hillcrest Terrace Condos
  • Lake Stevens Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 000 D-00
  • Assessor Parcel Number 00662500000500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,198

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: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Hillcrest Terrace
  • New Construction: No
  • CalculatedSquareFootage: 3088
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 275

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Concrete Ribbon
  • Property Condition: Good
  • Structure Type: Quadruplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: SnoPUD
  • SewerCompany: Lake Stevens
  • WaterCompany: SnoPUD
  • WaterSewerGarbage: 4128

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Lake Stevens
  • High School: Lake Stevens Snr Hig
  • Middle Or Junior School: Cavelero

Lot Info

  • Parcel Number: 00662500000500
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,Patio
  • MLSLotSizeSource: Title Co.
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 5

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 4445

Multi Family

  • Gross Scheduled Income: 53340
  • Net Operating Income: 53340
  • Number Of Units Total: 4
  • Insurance Expense: 1412
  • Leasable Area: 3088
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5198

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Aug 9, 2021
Sold by
Munro Robert Paul and Munro Martha I
Bought by
Li Feiping and Huang Yu
Seller's Agent
Walt Flynn
The Preview Group
Buyer's Agent
Sherrie Chen
AgencyOne
List Price
$949,950
Sold Price
$934,950
Premium/Discount to List
-$15,000
-1.58%
Total Days on Market
2
Current Estimated Value
$1,033,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,409
Avg. Annual Appreciation
3.13%
Original Mortgage
$701,200
Outstanding Balance
$642,698
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$408,286

Purchase Details

Listed on
Dec 7, 2011
Closed on
Dec 14, 2012
Sold by
Rpm 5 Real Estate Holdings Llc
Bought by
Munro R Paul and Munro Martha I
Seller's Agent
Dennis Sanders
Williams Real Estate Brokers
Buyer's Agent
Walt Flynn
The Preview Group
List Price
$339,950
Sold Price
$307,000
Premium/Discount to List
-$32,950
-9.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.71%
Original Mortgage
$228,750
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2007
Sold by
Franks Robert D and Franks Phyllis L
Bought by
Rpm5 Real Estate Holdings Llc

Purchase Details

Closed on
Apr 14, 2007
Sold by
Taylor Robert G
Bought by
Franks Robert D and Franks Phylis L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,700
Interest Rate
7.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 27, 2003
Sold by
Leight Andrew K
Bought by
Taylor Robert G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,100
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2002
Sold by
Gerke John F and Gerke Renee L
Bought by
Leight Andrew K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,500
Interest Rate
7.13%
Source: Public Records

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Range of Values:

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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
Li Feiping $934,950 Chicago Title Company Of Wa
Munro R Paul $307,280 Rainier Title
Rpm5 Real Estate Holdings Llc -- Transnation Title Ins Co
Franks Robert D $523,000 Multiple
Taylor Robert G $319,000 Stewart
Leight Andrew K $226,430 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Yu $701,200
Closed Huang Yu $701,200
Closed Li Feiping $701,200
Previous Owner Munro R Paul $228,750
Previous Owner Franks Robert D $470,700
Previous Owner Taylor Robert G $291,500
Previous Owner Taylor Robert G $287,100
Previous Owner Leight Andrew K $169,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2021 08/19/21 Sold $934,950 -1.6% $303 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $949,950 +209.4% $308 / Sq Ft
12/21/2012 12/21/12 Sold $307,000 -9.7% $99 / Sq Ft
06/01/2012 06/01/12 Pending -- -- --
12/08/2011 12/08/11 For Sale $339,950 -- $110 / 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 $8,561 $960,000 $325,700 $634,300
2024 $8,561 $940,000 $309,800 $630,200
2023 $7,847 $932,000 $288,000 $644,000
2022 $8,186 $730,000 $239,900 $490,100
2020 $6,255 $500,000 $204,500 $295,500
2019 $6,114 $484,000 $183,400 $300,600
2018 $5,514 $422,000 $126,800 $295,200
2017 $4,179 $352,000 $144,700 $207,300
2016 $4,230 $332,000 $136,300 $195,700
2015 $4,273 $312,000 $133,500 $178,500
2013 $4,630 $300,000 $133,500 $166,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1800606

Northwest Multiple Listing Service (NWMLS)

APN: 006626-000-005-00