Seller's Agent in 2024
Gabe Blake
Blake Investment Advisors
(206) 618-2207
1 in this area
6 Total Sales
Listed by Blake Investment Advisors, Bought with Champions Real Estate
95 Quinn Ave Marysville, WA 98270
Downtown Marysville NeighborhoodEstimated Value: $1,279,000 - $1,445,000
--
Bed
4
Baths
4,800
Sq Ft
$279/Sq Ft
Est. Value
About This Home
As of April 2024This is a unique opportunity for an investor to acquire a townhome-style fourplex just steps away from Downtown Marysville with significant rental upside. Each unit consists of 3 bedrooms, 1.75-2 baths, 1,200 SF of living space, washers & dryers, vaulted ceilings, a fireplace, a fenced-backyard space, and ample parking. This modern amenity package contributes to the property's history of low vacancy. The current in-place rents are $1,705 per unit, with approx. $105/mo per unit being recaptured through utility bill-back. A new buyer can achieve a 28% rental increase on turnover with little to no major renovations by simply bringing current in-place rents to market rate, resulting in a 6.4% stabilized cap rate.
Last Agent to Sell the Property
Blake Investment Advisors License #22018000 Listed on: 03/21/2024
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2213608
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,810
Year Built
- Built in 1979
Lot Details
- 10,454
Home Design
- Quadruplex
- Composition Roof
- Wood Composite
Parking
- 8 Parking Spaces
- Open Parking
Additional Features
- 2-Story Property
- 10,454 Sq Ft Lot
- Baseboard Heating
Community Details
- No Home Owners Association
- Marysville Subdivision
Listing and Financial Details
- Assessor Parcel Number 775050-0010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 21, 2024
Closed on
Apr 27, 2024
Sold by
Eisenstein Eric
Bought by
Zheng Dongping and Smith Jeffrey Allen
Seller's Agent
Gabe Blake
Blake Investment Advisors
Buyer's Agent
Dongping Zheng
Champions Real Estate
List Price
$1,350,000
Sold Price
$1,330,000
Premium/Discount to List
-$20,000
-1.48%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,332
Avg. Annual Appreciation
0.44%
Original Mortgage
$716,000
Outstanding Balance
$705,941
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$632,391
Purchase Details
Listed on
Sep 11, 2017
Closed on
Oct 20, 2017
Sold by
Eisenstein Ashley and Eisenstein Eric
Bought by
Eisentein Eric
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Dane Murphy
Windermere Real Estate Co.
List Price
$750,000
Sold Price
$756,000
Premium/Discount to List
$6,000
0.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%
Original Mortgage
$567,000
Interest Rate
3.78%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 27, 2005
Sold by
Viherlahti Jari and Viherlahti Laura F Funderburk
Bought by
Martenson Peter and Martenson Pamela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jun 28, 2004
Sold by
Lyons Richard E and Lyons Susan D
Bought by
Viherlahti Jari and Viherlahti Laura F Funderburk
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 29, 1999
Sold by
Holst Glenn R
Bought by
Lyons Richard E and Lyons Susan D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,260
Interest Rate
7.84%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
May 19, 1997
Sold by
Smith Jack H and Smith Ellen R
Bought by
Holst Glenn R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,500
Interest Rate
8.13%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zheng Dongping | $1,329,000 | Stewart Title | |
| Eisentein Eric | -- | Fidelity National Title | |
| Eisenstein Eric | $756,000 | Fidelity National Title | |
| Martenson Peter | $545,000 | Chicago Title Insurance Co | |
| Viherlahti Jari | $450,000 | Stewart Title Company | |
| Lyons Richard E | $310,000 | -- | |
| Holst Glenn R | $299,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zheng Dongping | $716,000 | |
| Previous Owner | Eisenstein Eric | $567,000 | |
| Previous Owner | Martenson Peter | $332,000 | |
| Previous Owner | Viherlahti Jari | $360,000 | |
| Previous Owner | Lyons Richard E | $219,260 | |
| Previous Owner | Holst Glenn R | $154,500 | |
| Closed | Viherlahti Jari | $90,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/30/2024 04/30/24 | Sold | $1,330,000 | -1.5% | $277 / Sq Ft | |
| 03/27/2024 03/27/24 | Pending | -- | -- | -- | |
| 03/21/2024 03/21/24 | For Sale | $1,350,000 | +78.6% | $281 / Sq Ft | |
| 10/27/2017 10/27/17 | Sold | $756,000 | +0.8% | $158 / Sq Ft | View Prior Sale |
| 09/18/2017 09/18/17 | Pending | -- | -- | -- | |
| 09/11/2017 09/11/17 | For Sale | $750,000 | -- | $156 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
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 | $9,214 | $1,234,400 | $286,000 | $948,400 |
| 2024 | $9,214 | $1,158,500 | $290,600 | $867,900 |
| 2023 | $6,169 | $1,034,000 | $279,300 | $754,700 |
| 2022 | $9,810 | $971,000 | $203,900 | $767,100 |
| 2020 | $8,548 | $774,000 | $173,300 | $600,700 |
| 2019 | $6,672 | $730,000 | $136,400 | $593,600 |
| 2018 | $6,360 | $550,000 | $109,100 | $440,900 |
| 2017 | $5,881 | $520,000 | $109,100 | $410,900 |
| 2016 | $5,095 | $432,700 | $103,900 | $328,800 |
| 2015 | $6,062 | $480,000 | $100,900 | $379,100 |
| 2013 | $5,506 | $415,000 | $100,900 | $314,100 |
Source: Public Records
Agents Affiliated with this Home
-
Gabe Blake
-
Josh Blake
Seller Co-Listing Agent in 2024
Josh Blake
Blake Investment Advisors
(206) 618-2207
1 in this area
5 Total Sales
-
Dongping Zheng
Buyer's Agent in 2024
Dongping Zheng
Champions Real Estate Services
(406) 556-0707
1 in this area
5 Total Sales
-
Charles Burnett
Seller's Agent in 2017
Charles Burnett
Real Broker LLC
(206) 926-3701
61 Total Sales
-
Dane Murphy
D
Buyer's Agent in 2017
Dane Murphy
Windermere Corporate
(206) 300-7446
12 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2213608
APN: 006862-000-001-00
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Based on information submitted to the MLS GRID
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