Listed by Agile Property Management LLC, Bought with COMPASS
NOT LISTED FOR SALE
-- Bed
-- Bath
7,624 Sq Ft
0.35 Acre Lot

Sale Details

Date Sold: December 28, 2018

Last sale price $1,480,500 $194 Per Sq Ft

3 Days on Market

About This Home

As of December 2018

Amazing Investment opportunity! 11 units - Actual CAP rate 6.2. Great location for commuters and/or Boeing Workers. Easy access to bus lines and blocks from the newly renovated Everett Mall. There is never a vacancy and an opportunity for rent increases. 7 CAP with current market rents! Tenants are not aware of the sale, please show discretion and do not disturb tenants.

Last Agent to Sell the Property

Theresa Neal

Agile Property Management LLC License #111615 Listed on: 11/12/2018

Last Buyer's Agent

Danan Powell

COMPASS License #20122375

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1385686

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,009

Year Built

  • Built in 1978

Lot Details

  • 15,246 Sq Ft Lot
  • Lot Dimensions are 193 x 80
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 7,624 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 1 Covered Space
  • Open Parking

Community Details

  • Everett Mall Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00480200701400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,009

Year Built

Built in 1978

Lot Details

0.35 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 7624
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Good

Garage/Parking

  • Carport Spaces: 12
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 18

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Snohomish County PUD
  • SewerCompany: Everett Utility
  • WaterCompany: Everett Utility

Schools

  • Junior High Dist: Everett

Lot Info

  • Parcel Number: 00480200701400
  • Lot Size Acres: 0.35
  • Lot Size: 193 X 80
  • Lot Size Sq Ft: 15246
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 9910

Tax Info

  • Year: 2018
  • Tax Annual Amount: 9009

Multi Family

  • Number Of Units Total: 11
  • Electric Expense: 1500
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2018
Closed on
Dec 21, 2018
Sold by
Bought by
Seller's Agent
Theresa Neal
Agile Property Management LLC
Buyer's Agent
Danan Powell
COMPASS
List Price
$1,425,000
Sold Price
$1,480,500
Premium/Discount to List
$55,500
3.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,036,350
Interest Rate
0.049%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
0.0487%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 1999
Sold by
Bought by

Purchase Details

Closed on
Jul 26, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,480,500 First American Title
$605,000 First American
$521,000 --
$430,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,280,000
Closed $1,036,350
Previous Owner $444,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/28/2018 12/28/18 Sold $1,480,500 +3.9% $194 / Sq Ft
11/15/2018 11/15/18 Pending -- -- --
11/12/2018 11/12/18 For Sale $1,425,000 -- $187 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $17,976 $2,314,300 $598,500 $1,715,800
2025 $15,090 $1,895,300 $523,500 $1,371,800
2024 $15,090 $1,903,600 $477,500 $1,426,100
2023 $13,543 $1,751,900 $487,500 $1,264,400
2022 $14,360 $1,608,000 $383,500 $1,224,500
2020 $11,627 $1,306,000 $333,000 $973,000
2019 $8,697 $987,000 $233,500 $753,500
2018 $9,003 $881,500 $178,300 $703,200
2017 $7,883 $787,000 $162,800 $624,200
2016 $7,519 $742,500 $155,000 $587,500
2015 $7,819 $698,500 $155,000 $543,500
2013 $7,362 $616,000 $155,000 $461,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1385686

Northwest Multiple Listing Service (NWMLS)

APN: 00480200701400

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