Listed by The Agency Seattle, Bought with AgencyOne
NOT LISTED FOR SALE

Estimated Value: $1,144,000 - $1,252,000

6 Beds
4 Baths
3,049 Sq Ft
$389/Sq Ft Est. Value

Last Sold August 27, 2018

Last sale price $780,000 $256 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,834/month

7 Days on Market

Highlights

  • RV Access or Parking
  • Patio
  • Partially Fenced Property
  • 1.02 Acre Lot
  • High Speed Internet
  • Wall to Wall Carpet

About This Home

As of August 2018

Rare investment opportunity located in Alderwood Manor. Built in 1996 this well-maintained turn key duplex has 3 beds and 2.5 baths, large two car garages, outdoor patios, large yards and in unit laundry. Utilities are paid by tenants. Great location with easy access to 405 and I-5, Boeing and schools. Units have been consistently rented out and are currently fully occupied with long term tenants. Separate shop off of Damson Rd has 4 storage units. Under market rents with great potential!

Last Agent to Sell the Property

Eric Gouge

The Agency Seattle License #26449 Listed on: 08/08/2018

The Agency Seattle

Co-Listed By

Jean Sittauer

The Agency Seattle License #47222

Last Buyer's Agent

Quan To

AgencyOne License #93849

AgencyOne

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1342424

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,936

Year Built

  • Built in 1996

Lot Details

  • 1.02 Acre Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,049 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Alderwood Manor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00845000000300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,936

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1996
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3049
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Septic System, Natural Gas Connected
  • PowerCompany: Snohomish Co PUD
  • SewerCompany: Septic
  • WaterCompany: Alderwood

Schools

  • Junior High Dist: Edmonds
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 00845000000300
  • Lot Size Acres: 1.02
  • Lot Size Sq Ft: 44431
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,High Speed Internet,Patio,RV Parking,Shop
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 4190

Tax Info

  • Year: 2018
  • Tax Annual Amount: 6936

Multi Family

  • Number Of Units Total: 2
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2018
Closed on
Aug 24, 2018
Sold by
Goodnight Brian K
Bought by
Warrants To Kona Teno Properties Llc
Seller's Agent
Eric Gouge
The Agency Seattle
Buyer's Agent
Quan To
AgencyOne
List Price
$729,000
Sold Price
$780,000
Premium/Discount to List
$51,000
7%
Current Estimated Value
$1,187,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,547
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
Oct 22, 1998
Sold by
Fellows Michele R
Bought by
Goodnight Brian K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.3%

Purchase Details

Closed on
Apr 2, 1998
Sold by
Goodnight Brian K
Bought by
Goodnight Brian K and Fellows Michele R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.07%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 3, 1996
Sold by
Goodnight Bruce C
Bought by
Goodnight Brian K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
7.17%
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
Warrants To Kona Teno Properties Llc $780,000 Chicago Title
Goodnight Brian K -- First American Title Co
Goodnight Brian K -- First American
Goodnight Brian K -- Chicago Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goodnight Brian K $152,000
Previous Owner Goodnight Brian K $70,000
Previous Owner Goodnight Brian K $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2018 08/27/18 Sold $780,000 +7.0% $256 / Sq Ft
08/15/2018 08/15/18 Pending -- -- --
08/08/2018 08/08/18 For Sale $729,000 -- $239 / 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 $7,040 $947,200 $442,600 $504,600
2024 $7,040 $832,600 $403,200 $429,400
2023 $7,709 $957,500 $468,900 $488,600
2022 $8,119 $825,200 $324,400 $500,800
2020 $7,739 $694,100 $292,100 $402,000
2019 $6,663 $592,200 $238,200 $354,000
2018 $6,936 $544,100 $208,800 $335,300
2017 $5,955 $482,000 $166,900 $315,100
2016 $5,454 $441,900 $148,400 $293,500
2015 $4,880 $373,800 $136,500 $237,300
2013 $4,411 $319,900 $104,900 $215,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1342424

Northwest Multiple Listing Service (NWMLS)

APN: 008450-000-003-00