Listed by eXp Realty, Bought with Agents Invest
NOT LISTED FOR SALE

9119 Rainbow Ln Unit B Sedro Woolley, WA 98284

Estimated Value: $456,000 - $506,000

4 Beds
2 Baths
1,592 Sq Ft
$304/Sq Ft Est. Value

Last Sold January 25, 2016

Last sale price $160,000 $101 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $2,888/month

76 Days on Market

Highlights

  • RV Access or Parking
  • Property is Fully Fenced
  • 1-Story Property
  • Cul-De-Sac
  • Wall to Wall Carpet

About This Home

As of January 2016

Great investment potential. Affordable duplex located on the outskirts of town. Easy access to highway 20 and nearby walking trail. Asphalt driveway with lots of parking. Home has a fully fenced backyard with view's of the hill's. Both units have long term renter's. Has galley kitchen. Attached single car garage. Units could use some updates.

Last Agent to Sell the Property

Kathy Corbell

eXp Realty License #27714 Listed on: 09/25/2015

eXp Realty

Last Buyer's Agent

Jennifer Beadles

Agents Invest License #27141

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 850928

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,652

Year Built

  • Built in 1977

Lot Details

  • 0.31 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,592 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 1 Covered Space
  • Open Parking
  • RV Access or Parking

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Parkwood Estates Condos
  • Sedro Woolley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 39572

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,652

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Parkwood Estates
  • New Construction: No
  • CalculatedSquareFootage: 1592
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 3
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: PUD
  • WaterSewerGarbage: 570

Schools

  • Junior High Dist: Sedro Woolley
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 39572
  • Lot Size Acres: 0.31
  • Lot Size Sq Ft: 13504
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,RV Parking
  • MLSLotSizeSource: title
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 1540

Multi Family

  • Gross Scheduled Income: 18480
  • Net Operating Income: 14308
  • Number Of Units Total: 2
  • Insurance Expense: 800
  • Leasable Area: 1592
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 2652

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2022
Sold by
Moin Shaikh
Bought by
Wollastonite Llc
Current Estimated Value
$483,499

Purchase Details

Listed on
Sep 25, 2015
Closed on
Jan 19, 2016
Sold by
Shaikh Audrey Dawn and Shaikh Moin
Bought by
Shaikh Moin
Seller's Agent
Kathy Corbell
eXp Realty
Buyer's Agent
Jennifer Beadles
Agents Invest
List Price
$190,000
Sold Price
$160,000
Premium/Discount to List
-$30,000
-15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.32%
Original Mortgage
$120,000
Interest Rate
3.92%

Purchase Details

Closed on
May 14, 2014
Sold by
Vandelinder James D and Stiles Elizabeth
Bought by
Maddy Beverly S

Purchase Details

Closed on
Feb 6, 2014
Sold by
The Maddy Family Trust and Maddy Beverly S
Bought by
Vandelinder James Daniel
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wollastonite Llc -- --
Shaikh Moin -- Land Title & Escrow
Shaikh Moin $160,000 Land Title & Escrow
Maddy Beverly S -- None Available
Vandelinder James D -- None Available
Maddy Beverly S -- None Available
Vandelinder James Daniel -- Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shaikh Moin $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2016 01/25/16 Sold $160,000 -15.8% $101 / Sq Ft
12/11/2015 12/11/15 Pending -- -- --
09/25/2015 09/25/15 For Sale $190,000 -- $119 / 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 $3,904 $404,900 $199,800 $205,100
2023 $3,904 $416,000 $210,900 $205,100
2022 $3,495 $383,600 $182,000 $201,600
2021 $3,061 $311,000 $138,200 $172,800
2020 $2,964 $253,200 $0 $0
2019 $2,313 $253,200 $0 $0
2018 $2,561 $230,300 $0 $0
2017 $2,368 $197,100 $0 $0
2016 $2,351 $183,500 $79,800 $103,700
2015 $2,652 $173,900 $75,600 $98,300
2013 $2,260 $176,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 850928

Northwest Multiple Listing Service (NWMLS)

APN: P39527