Listed by Agile Property Management LLC, Bought with Rain Town Realty + JPAR
NOT LISTED FOR SALE

Estimated Value: $823,000 - $880,000

4 Beds
4 Baths
2,775 Sq Ft
$306/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $830,000 $299 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,798/month

74 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Wall to Wall Carpet

About This Home

As of March 2024

Great rental income triplex. 6.6 CAP rate. (Actual rents) PARKING! Cars - Motorhomes - UR3 Zoning in S Snohomish County. Up to 4 floors. Buy and hold or develop. Townhomes? A 10 Unit on the back of the property or demo the existing structure and build up to 22 units or a 24 unit senior citizen building. The property is adjacent to Silver Shores MHP and could be a transition for residents needing additional care while staying close to loved ones. Also a great property to hold and 'land bank.' Buyer to verify all provided information. NO INTERIOR WALK THRU WITHOUT A SIGNED AROUND P&S AGREEMENT. NO SIGN, BE DISCREET. TENANTS ARE UNAWARE OF THE SALE. HUGE PRICE DROP. Remember the light rail is coming. Make an offer!

Last Agent to Sell the Property

Theresa Neal

Agile Property Management LLC License #111615 Listed on: 11/07/2023

Last Buyer's Agent

Andy Carter

Rain Town Realty + JPAR License #23014280

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2178261

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,855

Year Built

  • Built in 1959

Lot Details

  • 0.39

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,775 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 30 Parking Spaces
  • Open Parking

Additional Features

  • 0.39 Acre Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Silver Acres Condos
  • Silver Lake Subdivision

Listing and Financial Details

  • Tax Lot 44
  • Assessor Parcel Number 00573800004400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,855

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1959
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Silver Acres
  • New Construction: No
  • CalculatedSquareFootage: 2775
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

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: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 30

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00573800004400
  • Lot Size Acres: 0.39
  • Lot Size Sq Ft: 16988
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 44

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.15
  • LeasedItems: None
  • TotalMonthlyIncome: 4675

Tax Info

  • Year: 2023
  • Tax Annual Amount: 3855

Multi Family

  • Number Of Units Total: 3
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2023
Closed on
Feb 23, 2024
Sold by
Norman Leon S and Norman Jennifer L
Bought by
Ma Delcarmen Cardenas Uribe and Ca Antillo Juan
Seller's Agent
Theresa Neal
Agile Property Management LLC
Buyer's Agent
Andy Carter
Rain Town Realty + JPAR
List Price
$849,950
Sold Price
$830,000
Premium/Discount to List
-$19,950
-2.35%
Views
52
Current Estimated Value
$848,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,308
Avg. Annual Appreciation
1.19%
Original Mortgage
$639,500
Outstanding Balance
$628,241
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$220,067
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ma Delcarmen Cardenas Uribe $830,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ma Delcarmen Cardenas Uribe $639,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2024 03/15/24 Sold $830,000 -2.3% $299 / Sq Ft
01/20/2024 01/20/24 Pending -- -- --
12/06/2023 12/06/23 For Sale $849,950 0.0% $306 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
11/07/2023 11/07/23 For Sale $849,950 -- $306 / 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 $4,341 $775,700 $526,000 $249,700
2024 $4,341 $560,000 $472,800 $87,200
2023 $3,855 $510,000 $457,600 $52,400
2022 $3,995 $458,000 $373,900 $84,100
2020 $3,732 $430,000 $312,800 $117,200
2019 $3,620 $422,500 $228,000 $194,500
2018 $4,080 $410,000 $190,000 $220,000
2017 $3,793 $390,000 $190,000 $200,000
2016 $3,388 $345,000 $190,000 $155,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2178261

Northwest Multiple Listing Service (NWMLS)

APN: 005738-000-044-00