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$699,900   Price Analysis
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512 Rhodora Heights Rd
Lake Stevens, WA 98258
Unknown bed None bath 1,656 SqFt ($422/SqFt)
0.25 acre lot. Built 1968
Listed 2024-01-04, Taxes $5,373
USDA Eligible
near Hyland, WA
 

Investor Alert!

* No Longer For Sale *
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Rare duplex available in desirable Lake Stevens. Each unit features 2 bedrooms, 1 bathroom and freplace. Spacious kitchens and expansive living room with large windows allowing for ample light. Fu lly fenced backyard and large front yard.

Two designated parking spaces per unit. One unit updated with LVP flooring, fixtures and paint. Conveniently located near the lake, schools, shopping, hwy and Centennial Trail. Both units are currently rented, showing after signed purchase and sale agreement. See remarks for tenant details.


Presented by Brittany Jesus at
Keller Williams North Seattle.


Property MLS #2188853 from NWMLS

Laminate Hardwood
Wall to Wall Carpet
Flooring: Laminate Hardwood, Vinyl, Wall to Wall Carpet

Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes

Wood

Lot Description: Paved Street
Lot Size Acres: 0.2495
Lot Size Square Feet: 10869

Open Parking Spaces: 4
Open Parking: Yes
Parking Total: 4

View: Territorial
Security Features: PartiallyFenced

Storage

Gross Scheduled Income: 39000
Leasable Area: 1656
Leasable Area Units: Square Feet

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Description: 512
Unit-2 Description: 514
Unit-1 Square Feet: 828
Unit-2 Square Feet: 828
Unit 1 Total Actual Rent: 1800
Unit 2 Total Actual Rent: 1450

High School District: Lake Stevens

Glenwood Elementary School is a public elementary school located approximately 1.4 miles away.
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Lake Stevens Middle School is a public middle school located approximately 1.7 miles away.
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Lake Stevens Sr High School is a public high school located approximately 2.3 miles away.
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Country Dawn Kindergarten is a private elementary school located approximately 1.2 miles away.
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Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 5374
Source Listing Status: Sold
Country Region: US
County: Snohomish
Cap Rate: 5
Directions: From Hwy 9, East on S. Lake Stevens Rd. Continue onto Machias Cutoff Rd. North onto 118th Ave SE/ Rhodora Heights, to duplex on the left.
Tax Year: 2023
Source Property Type: Multi-Family
Insurance Expense: 746
List Development Name: Lake Stevens
Source Neighborhood: Lake Stevens
Parcel Number: 29062000201200
Street Suffix Modifier: Road
Subdivision: Lake Stevens
Property Subtype: Multi-family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$206,100 + $258,400
$464,500
$5,373
2022$165,300 + $218,500
$383,800
$5,097
2021$165,300 + $218,500
$383,800
$4,189
2020$142,600 + $228,000
$370,600
$4,166
2019$129,000 + $203,700
$332,700
$3,824
2018$128,800 + $167,800
$296,600
$3,803
2017$116,000 + $141,600
$257,600
$2,970
2016$103,800 + $127,100
$230,900
$2,875
2015$116,000 + $109,000
$225,000
$2,997
2014$102,000 + $90,000
$192,000
$2,786
2013$108,200 + $90,000
$198,200
$3,042
2012$102,700 + $98,000
$200,700
$2,932
2011$89,800 + $131,000
$220,800
$2,959
2010$114,200 + $189,000
$303,200
$3,572
2009$92,500 + $242,000
$334,500
$3,343
2008$104,200 + $205,000
$309,200
$2,993

Sold 2024-04-03
$680,000
NWMLS
Price Changed 2024-02-13
$699,900
NWMLS
Price Changed 2024-02-13
$699,900
NWMLS
Listed 2024-01-12
$739,900
NWMLS
Listed 2024-01-04
$739,900
NWMLS
Sold 2017-09-07
$346,000
NWMLS
Listed 2017-07-19
$350,000
NWMLS
Sold 1977-10-01
$56,000
Public Record

Net Operating Income: 36708

Total Square Feet Living: 1656
Building Area Total: 1656
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 56
Roof: Composition
Building Total Stories: 1
Structure Type: Duplex
Elevation Units: Feet
Year Built Effective: 1968

Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.