Listed by Windermere RE Anacortes Prop., Bought with Real Broker LLC
$900,000
SOLD DEC 27, 2024

921 S 4th St La Conner, WA 98257

7 Beds
9 Baths
3,370 Sq Ft
0.34 Acres

Recently Sold

$267 Per Sq Ft

5% Below List Price

62 Days on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • Vinyl Plank Flooring
  • Deck
  • No HOA
  • Forced Air Heating System

About This Home

As of December 2024

Incredible Investment Opportunity: Well-maintained tri-plex in charming La Conner, blocks from shops, restaurants and vibrant historic waterfront! This property offers immediate rental income, as two lower units are currently rented with long term tenants. Rent the vacant penthouse upper unit or make it your home. There are two 2-bedroom, 2-bath units on the ground floor and one 3-bedroom, 2-bath unit on the upper floor, each with its own washer and dryer, separate electric meters, secure storage, and ample parking. Located in a highly desirable area, it’s perfect for experienced investors or newcomers. Don’t miss this chance to own a high-performing property in a sought-after location!

Last Agent to Sell the Property

Rebecca Chamberlain

Windermere RE Anacortes Prop. License #113093 Listed on: 09/25/2024

Windermere RE Anacortes Prop.

Co-Listed By

Renee Westlund

Windermere RE Anacortes Prop. License #22034317

Last Buyer's Agent

Amy Schmitt

Real Broker LLC License #21034694

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2294600

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,216

Year Built

  • Built in 1991

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100 x 150
  • Partially Fenced Property

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,370 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 9 Bathrooms

Parking

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

Outdoor Features

  • Deck

Schools

  • La Conner Elementary School
  • La Conner Mid Middle School
  • La Conner High School

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • La Conner Subdivision

Listing and Financial Details

  • Legal Lot and Block 1,2,5 / 6
  • Assessor Parcel Number P74272

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,216

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1991
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3370
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 221

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: See Remarks,Storage

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Town of LaConner
  • WaterCompany: Town of LaConner
  • CableConnected: Astound
  • InternetConnected: Astound
  • WaterSewerGarbage: 10000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: La Conner
  • High School: La Conner High
  • Middle Or Junior School: La Conner Mid

Lot Info

  • Parcel Number: P74272
  • Lot Size Acres: 0.3444
  • Lot Size: 100 x 150
  • Lot Size Sq Ft: 15002
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,RV Parking,Shop
  • MLSLotSizeSource: NWMLS
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 1,2,5

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.08
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 5250

Multi Family

  • Gross Scheduled Income: 63000
  • Net Operating Income: 42974
  • Number Of Units Total: 3
  • Electric Expense: 130.2
  • Insurance Expense: 2578
  • Leasable Area: 3370
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5216

MLS Schools

  • Elementary School: La Conner Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2024
Closed on
Dec 23, 2024
Sold by
Lincoln Peter N and Ireland Stella T
Bought by
Galbreath Garrett
Seller's Agent
Rebecca Chamberlain
Windermere RE Anacortes Prop.
Buyer's Agent
Amy Schmitt
Real Broker LLC
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%
Views
58
Current Estimated Value
$926,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,033
Avg. Annual Appreciation
5.64%
Original Mortgage
$675,000
Outstanding Balance
$673,257
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$252,776

Purchase Details

Closed on
Oct 10, 2011
Sold by
Duende Properties Llc
Bought by
Lincoln Peter N and Ireland Stella T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,850
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2009
Sold by
Lincoln Peter N and Ireland Stella T
Bought by
Duende Properties Llc

Purchase Details

Closed on
Jan 17, 2007
Sold by
Ireland Stella
Bought by
Lincoln Peter and Ireland Stella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.19%
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $900,000 Chicago Title
Warranty Deed $900,000 Chicago Title
Quit Claim Deed -- Land Title Of Skagit County
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Land Title Company Of Skagit
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $675,000 New Conventional
Closed $675,000 New Conventional
Previous Owner $340,850 New Conventional
Previous Owner $350,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2024 12/27/24 Sold $900,000 0.0% $267 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
11/21/2024 11/21/24 Price Changed $900,000 -2.7% $267 / Sq Ft
10/30/2024 10/30/24 Price Changed $925,000 -2.6% $274 / Sq Ft
09/25/2024 09/25/24 For Sale $950,000 -- $282 / 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 $5,216 $623,300 $292,100 $331,200
2023 $5,216 $635,400 $304,200 $331,200
2022 $4,429 $455,200 $150,400 $304,800
2021 $4,852 $455,700 $150,900 $304,800
2020 $4,736 $449,700 $0 $0
2019 $4,673 $425,500 $0 $0
2018 $5,128 $425,500 $0 $0
2017 $4,493 $413,400 $0 $0
2016 $4,482 $380,400 $111,600 $268,800
2015 $4,440 $329,700 $96,700 $233,000
2013 $3,957 $274,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2294600

Northwest Multiple Listing Service (NWMLS)

APN: P74272