NOT LISTED FOR SALE

Estimated Value: $1,512,572 - $1,600,000

-- Bed
-- Bath
2,751 Sq Ft
$566/Sq Ft Est. Value

Last Sold August 10, 2016

Last sale price $755,000 $274 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $9,388/month

7 Days on Market

Highlights

  • Home fronts a creek
  • Thermal Windows
  • Property is in very good condition
  • Westhill Elementary School Rated A
  • High Speed Internet
  • Wood Siding

About This Home

As of August 2016

Very well maintained 4 unit income property located in heart of the City of Bothell. Each unit has two bedrooms and one bathroom and approximately 688 square feet of living space. Units currently rented well under potential market value by approximately an estimated 25 percent or more. Fresh exterior paint and newer roof. Updated appliances. Shared laundry room with coin operated units.

Last Listed By

Kevin Caskey

John L. Scott, Inc. License #23866 Listed on: 08/02/2016

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1007841

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,038

Year Built

  • Built in 1963

Lot Details

  • 10,824 Sq Ft Lot
  • Home fronts a creek
  • Property is in very good condition

Home Design

  • Quadruplex
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 2,751 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 12 Parking Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Bothell Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0626059233

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,038

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1963
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2751
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 256

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Torch Down
  • View: No
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Exterior Features: Wood
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Bothell
  • WaterCompany: Bothell
  • WaterSewerGarbage: 1009

Schools

  • Junior High Dist: Lake Washington
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0626059233
  • Lot Size Acres: 0.2485
  • Lot Size Sq Ft: 10824
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: county
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 3270

Multi Family

  • Gross Scheduled Income: 39240
  • Net Operating Income: 32102
  • Number Of Units Total: 4
  • Electric Expense: 351
  • Insurance Expense: 1361
  • Leasable Area: 2751
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 5038

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2016
Closed on
Sep 15, 2016
Sold by
Borland Grace C and Borland Matthew D
Bought by
Mgbland Llc
Seller's Agent
Kevin Caskey
John L. Scott, Inc.
Buyer's Agent
Kevin Caskey
John L. Scott, Inc.
List Price
$695,000
Sold Price
$755,000
Premium/Discount to List
$60,000
8.63%
Total Days on Market
7
Current Estimated Value
$1,556,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$801,286
Avg. Annual Appreciation
9.40%

Purchase Details

Listed on
Aug 2, 2016
Closed on
Aug 3, 2016
Sold by
Melton Mary Grace
Bought by
Borland Grace C and Borland Matthew D
Seller's Agent
Kevin Caskey
John L. Scott, Inc.
Buyer's Agent
Kevin Caskey
John L. Scott, Inc.
List Price
$695,000
Sold Price
$755,000
Premium/Discount to List
$60,000
8.63%

Purchase Details

Closed on
Feb 22, 2016
Sold by
Chou Simon and Chou Phoebe
Bought by
Chou Stephen and Chou Phoebe

Purchase Details

Closed on
Jul 8, 2009
Sold by
Melton Mary Grace
Bought by
Melton Mary Grace

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
Mgbland Llc -- None Available
Borland Grace C $755,000 Wfg National
Chou Stephen -- None Available
Melton Mary Grace -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2016 08/10/16 Sold $755,000 +8.6% $274 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
08/02/2016 08/02/16 For Sale $695,000 -- $253 / 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 $9,108 $911,000 $541,200 $369,800
2023 $8,967 $987,000 $541,200 $445,800
2022 $9,892 $975,000 $508,700 $466,300
2021 $10,622 $886,000 $487,000 $399,000
2020 $9,747 $884,000 $487,000 $397,000
2018 $7,917 $705,000 $368,000 $337,000
2017 $5,501 $670,000 $313,800 $356,200
2016 $5,039 $455,000 $292,200 $162,800
2015 $5,156 $423,000 $270,600 $152,400
2014 -- $423,000 $270,600 $152,400
2013 -- $423,000 $270,600 $152,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1007841

Northwest Multiple Listing Service (NWMLS)

APN: 062605-9233