Listed by Real Broker LLC, Bought with Coldwell Banker Bain
NOT LISTED FOR SALE

Estimated Value: $695,000 - $736,000

4 Beds
2 Baths
1,650 Sq Ft
$433/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $664,750 $403 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,208/month

105 Days on Market

Highlights

  • Territorial View
  • Patio
  • Forced Air Heating System
  • No HOA
  • Open Space
  • 3-minute walk to Loganberry Lane Park

About This Home

As of October 2023

Great Opportunity! Newer roof, two brand new water heaters, gutters, and updated interior. Unit A has been newly refurbished and Unit B is in great condition. Location is situated near the end of a quiet dead end street. Proximity to Boeing and new Paine Field airport entrance make getting to work a breeze. Located close to Kasch Park, walking trails, shopping malls, with a dog park at end of the street. Rents for both units are currently below market value, and owner has never had a problem finding renters for this great property. The newly updated and pumped septic system allows for low utility costs, improving rental income! The large quarter acre lot gives tenants (and owners) room to enjoy life. Come see the potential for yourself!

Last Agent to Sell the Property

Tyler Morgan

Real Broker LLC License #100915 Listed on: 03/30/2023

Real Broker LLC

Last Buyer's Agent

Elliot Morgan

Coldwell Banker Bain License #21015487

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2049780

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,660

Year Built

  • Built in 1969

Lot Details

  • 0.25 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,650 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • Challenger Elementary School
  • Explorer Mid Middle School
  • Mariner High School

Utilities

  • Forced Air Heating System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Paine Field Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00480600104002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,660

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1969
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1650
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you for Showing!
  • Special Features: None
  • Cumulative Days on Market: 396

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street, Open Space, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Available, Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PUD
  • WaterCompany: Everett Utilities
  • WaterSewerGarbage: 780

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Mukilteo
  • High School: Mariner High
  • Middle Or Junior School: Explorer Mid

Lot Info

  • Parcel Number: 00480600104002
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20.11
  • LeasedItems: None
  • TotalMonthlyIncome: 2890

Multi Family

  • Gross Scheduled Income: 34680
  • Net Operating Income: 29195
  • Number Of Units Total: 2
  • Insurance Expense: 1045
  • Leasable Area: 1650
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3660

MLS Schools

  • Elementary School: Challenger Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2023
Closed on
Sep 22, 2023
Sold by
Naylor Stewart A and Naylor Renee J
Bought by
Morgan Elliot James and Gower Morgan
Seller's Agent
Tyler Morgan
Real Broker LLC
Buyer's Agent
Elliot Morgan
Coldwell Banker Bain
List Price
$664,750
Sold Price
$664,750
Views
223
Current Estimated Value
$707,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,665
Avg. Annual Appreciation
-0.29%
Original Mortgage
$652,709
Outstanding Balance
$642,758
Interest Rate
7.09%
Mortgage Type
FHA
Estimated Equity
$18,445
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 Buyer Sale Price Title Company
Morgan Elliot James $664,750 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Elliot James $652,709
Previous Owner Naylor Stewart A $118,566
Previous Owner Naylor Stewart A $121,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2023 10/02/23 Sold $664,750 0.0% $403 / Sq Ft
07/13/2023 07/13/23 Pending -- -- --
05/26/2023 05/26/23 Price Changed $664,750 0.0% $403 / Sq Ft
05/26/2023 05/26/23 For Sale $664,750 +1.1% $403 / Sq Ft
04/08/2023 04/08/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $657,500 -- $398 / 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 $4,007 $608,400 $363,600 $244,800
2024 $4,007 $504,600 $328,300 $176,300
2023 $4,093 $528,500 $348,900 $179,600
2022 $3,660 $409,200 $253,200 $156,000
2020 $4,376 $528,000 $438,400 $89,600
2019 $3,635 $412,100 $335,600 $76,500
2018 $4,091 $400,200 $327,900 $72,300
2017 $3,746 $373,700 $303,600 $70,100
2016 $3,048 $300,700 $232,800 $67,900
2015 $3,078 $274,700 $213,400 $61,300
2013 $2,356 $196,800 $133,900 $62,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2049780

Northwest Multiple Listing Service (NWMLS)

APN: 004806-001-040-02