Sold
Last Sold Price
10,560 sqft$133/sqft
23828 Edmonds Way, Edmonds, WA 98026
Multi FamilyProperty Type
1.27 acresLot Size
1960Year Built
$133/sq ftPrice per sq ft
24 carsParking Spaces

Description

The Arbor Court consists of 6 duplex's on a 1.27 acre lot zoned RM 1.5 located in the city of Edmonds. The property has proven easy to rent and offers the future owner a consistent income stream and great potential for future development. The current owners had entitlements for the development of 35 town homes which have now expired. Good mix of 2 and 3 bedroom units on a large private lot gives ample space for each tenant. Prime upper Edmonds location offers great potential.The Arbor Court consists of 6 duplex's on a 1.27 acre lot zoned RM 1.5 located in the city of Edmonds. The property has proven easy to rent and offers the future owner a consistent income stream and great potential for future development. The current owners had entitlements for the development of 35 town homes which have now expired. Good mix of 2 and 3 bedroom units on a large private lot gives ample space for each tenant. Prime upper Edmonds location offers great potential.
  • Listed by: Michael Peters mpeters@sellingseattle.com • RE/MAX Northwest Realtors
Listing closed: 08/26/2013 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 438635

Recent comparable sales

Median sold price

$1,180,000

Avg days on market

63

Sale-to-list ratio

94.3%

Edmonds, WA

9 comparable properties found

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$600,000 | 24128 76th Avenue West, Edmonds, WA 98026
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Location

Listing Courtesy of RE/MAX Northwest Realtors

Sold By Champions Real Estate Services

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Property Taxes

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Property Information for 23828 Edmonds Way

Property Details
  • Taxes: $15,798 / year
  • MLS Type: Residential Income
  • Community Name: Edmonds
  • School District: Edmonds
  • Number of Assigned Spaces: 24
  • Total Covered Parking: 0
  • Entry Date: 01-15-2013
  • Sewer: Sewer Connected
Building Information
  • Stories: 2
  • Residences: 6
  • Year Built: 1960
  • Lot Size: 1.27 AC / 55,502 SF
Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: _730SouthwestSnohom
  • Directions: I-5 to 205th St Exit head West and Stay to the Right and it turns into Edmonds Way, Arbor Court is on the Left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2011
Parking
  • Number of Carport Spaces: 4.0
  • Carport: No
  • Open Parking Spaces: 20.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 12827
  • Power Production Type: Electric
  • Utilities: Sewer Connected, Electric
Property and Assessments
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Photos Count: 9
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 242x300x170x161
  • Parcel Number Free Text: 00463301000402
  • Building Condition: Average
  • Calculated Square Footage: 10560
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 10560.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 20
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 12
Financing / Income and Expenses
  • Electric Expense: $714
  • Total Expenses: 38550
  • Gross Adjusted Income: 147459
  • Gross Rent Multiplier: 10
  • Gross Scheduled Income: $155,220
  • Insurance Expense: $2,811
  • Net Operating Income: $108,909
  • Other Expenses: $6,400
  • Total Monthly Income: 12935
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 10560.0
  • Leasable Area Units: Square Feet

Property History for 23828 Edmonds Way

DateEvent & SourcePriceAppreciation
Aug 26, 2013

Sold

NWMLS #438635

$1,400,000
Aug 20, 2013

Sold (Public Record)

Public Record #366384151

$1,400,000

-2.2% / yr

May 20, 2013

Pending

NWMLS #438635

DateEvent & SourcePrice
08/26/2013

Sold

NWMLS #438635

$1,400,000
08/20/2013

Sold (Public Record)

Public Record #366384151

$1,400,000

-2.2% / yr

05/20/2013

Pending

NWMLS #438635

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 23828 Edmonds Way

Taxable ValueLand$2,241,900Additions$925,100Total$3,167,000
Tax Record2026$26,114 ($2,176 / month)
Home Facts
Baths12Total Finished SqFt10,505 SqFtAbove Ground SqFt10,505 SqFtStories1Lot Size55,321 SqFtStyleMulti-Family Res (5+ Units)Year Built1960Year Renovated1960ZoningRM-1.5CountySNOHOMISHAPN004633-010-004-02

Schools near 23828 Edmonds Way

This home is within Edmonds School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Sherwood Elementary School
PublicK to 6

College Place Middle School
Public7 to 8

Edmonds Woodway High School
Public9 to 12

Edmonds K8 Online Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Edmonds
Edmonds
Get to know the unique charms of the community surrounding this home. North of Seattle lies the scenic city of Edmonds, Washington. This picturesque beach town is comprised of two parts: the Edmonds “Bowl” area (which includes the downtown hub, the business district, and the Ferry Terminal) and the...

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Northwest Realtors

Based on information submitted to the MLS GRID as of 09/05/2024 05:23 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.