$1,480,000 Price Analysis    ♡   Lynnwood, WA 98037 Unknown bed None bath 3,968 SqFt ($372/SqFt) 0.3 acre lot. Built 1968 Listed 2024-05-04, Taxes $6,781 | Ⓧ USDA Ineligible due to price & location near Lynnwood |
Renovated townhome style fourplex close to the future light rail station and upcoming Lynnwood City Center.
* Sale Pending *Each unit has 2 bedrooms and 1.5 baths; all units equipped with washers and dryers, private balconis, individual backyards and two off-street parking spots. Units completely renovated in 2017; quartz countertops, new soft-close wood cabinets, new fixers and double sinks in the full bath were introduced.
Brand n ew vinyl plank flooring installed in two units this year. Minimal updates could increase rents significantly. rents for similar units in the area range between $2, 200 to $2, 400. Easy to rent units. An ideal investment for those looking to capitalize on a growing area. Interior Inspections upon mutual acceptance
Presented by Marcus Williams at
Windermere Real Estate Mount Baker .
Property MLS #2232479 from NWMLS
Flooring: Vinyl, Vinyl Plank, Wall to Wall Carpet
Heating Fuel: Electric
Heating: Yes
Lot Size Acres: 0.3
Lot Size Square Feet: 13068
Open Parking: Yes
Parking Total: 8
Security Features: FullyFenced
Leasable Area: 3968
Leasable Area Units: Square Feet
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1.5
Total Bathrooms in Unit-2: 1.5
Total Bathrooms in Unit-3: 1.5
Total Bathrooms in Unit-4: 1.5
Unit-1 Description: A
Unit-2 Description: B
Unit-3 Description: C
Unit-4 Description: D
Unit-1 Square Feet: 992
Unit-2 Square Feet: 992
Unit-3 Square Feet: 992
Unit-4 Square Feet: 992
Unit 1 Total Actual Rent: 2300
Unit 2 Total Actual Rent: 2300
Unit 3 Total Actual Rent: 2100
Unit 4 Total Actual Rent: 2000
Map directions Map directions Map directions Map directionsSource Listing Status: Pending
Country Region: US
County: Snohomish
Cap Rate: 5.5
Directions: Follow I-5 North to 44th Ave W in Lynnwood, take exit 181A from I-5 North, continue on 44th Ave W, and drive to 188th ST SW.
Tax Year: 2024
Other Expense: 2500
Source Property Type: Multi-Family
Insurance Expense: 3514
Area: 730 - Southwest Snohomish
List Development Name: Alderwood Manor
Source Neighborhood: Alderwood Manor
Parcel Number: 00377900000300
Subdivision: Alderwood Manor
Lot Number: 3
Source System Name: C2C
Buyer Agent Commission: 2.5
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $572,000 + $335,000 $907,000 | $6,781 |
| 2022 | $475,000 + $314,000 $789,000 | $8,240 |
| 2021 | $475,000 + $314,000 $789,000 | $7,154 |
| 2020 | $481,500 + $262,500 $744,000 | $7,645 |
| 2019 | $474,500 + $227,000 $701,500 | $7,181 |
| 2018 | $421,000 + $189,000 $610,000 | $7,039 |
| 2017 | $291,000 + $189,000 $480,000 | $5,079 |
| 2016 | $293,000 + $141,500 $434,500 | $4,591 |
| 2015 | $272,500 + $137,500 $410,000 | $4,608 |
| 2014 | $252,500 + $137,500 $390,000 | $4,409 |
| 2013 | $252,500 + $137,500 $390,000 | $4,620 |
| 2012 | $272,500 + $137,500 $410,000 | $4,646 |
| 2011 | $278,000 + $162,000 $440,000 | $4,491 |
| 2010 | $313,000 + $202,000 $515,000 | $4,527 |
| 2009 | $349,000 + $176,000 $525,000 | $4,284 |
| 2008 | $314,000 + $176,000 $490,000 | $4,019 |
$1,480,000
NWMLS
Sold 2016-06-24
$627,500
NWMLS
Listed 2016-05-24
$650,000
NWMLS
Listing removed 2015-12-21
$610,000
NWMLS
Relisted 2015-09-30
$610,000
NWMLS
Listing removed 2015-08-06
$640,000
NWMLS
Relisted 2015-07-02
$640,000
NWMLS
Listing removed 2015-06-29
$640,000
NWMLS
Listed 2015-06-21
$640,000
NWMLS
Sold 1993-08-09
$235,000
Public Record
Sold 1988-12-14
$140,000
Public Record
Operating Expense: 23919.79000000
Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public
Building Area Units: Square Feet
Foundation Details: Slab
Living Area Units: Square Feet
Property Age: 56
Property Condition: Average
Roof: Flat
Building Total Stories: 2
Structure Type: Quadruplex
House Style: 4-Plex
Elevation Units: Feet
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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.