Sold
Last Sold Price
3,240 sqft
2526 196th St SE, Bothell, WA 98012
Multi FamilyProperty Type
0.41 acresLot Size
1984Year Built
$417/sq ftPrice per sq ft
8 carsParking Spaces

Description

Very rare and even better shape is this remarkable 4 Plex on the edge of Mill Creek and Bothell. Shy half acre, completely renovated, newer roof, landscaping, painting interior upgrades Etc. Each unit has a private/patio, great layouts, exceptional location vacancy rate is zero. Income producing laundry facility on site that brings shy of $1000 per year, each unit has private parking & a storage unit. PLUS RV, Boat and Extra parking fully fenced for additional income or private use. Surrounded by...Very rare and even better shape is this remarkable 4 Plex on the edge of Mill Creek and Bothell. Shy half acre, completely renovated, newer roof, landscaping, painting interior upgrades Etc. Each unit has a private/patio, great layouts, exceptional location vacancy rate is zero. Income producing laundry facility on site that brings shy of $1000 per year, each unit has private parking & a storage unit. PLUS RV, Boat and Extra parking fully fenced for additional income or private use. Surrounded by new construction and rents can be increased as loyal tenants all on leases would LOVE to stay because of its ease to Freeways, townships, shopping, Etc. Zoned LDMR this perfect. PLEASE do NOT bother the current tenants! This complex is a Nest egg.
  • Listed by: Christopher Gough 425.488.6000 ownin30days@gmail.com • The Preview Group
Listing closed: 07/15/2021 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1770449

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Recent comparable sales

Median sold price

$1,600,000

Avg days on market

39

Sale-to-list ratio

11195.1%

Bothell, WA

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Location

Listing Courtesy of The Preview Group

Sold By WPI Real Estate Services, Inc.

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Property Taxes

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Property Information for 2526 196th Street Southeast

Property Details
  • Taxes: $7,759 / year
  • MLS Type: Residential Income
  • Community Name: Mill Creek
  • School District: Northshore
  • View: Territorial
  • Number of Assigned Spaces: 8
  • Total Covered Parking: 0
  • Entry Date: 05-07-2021
  • Energy Source: Electric
  • Sewer: Sewer Connected
Building Information
  • Stories: 1
  • Residences: 4
  • Year Built: 1984
  • Lot Size: 0.41 AC / 17,860 SF
Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Deck, Fenced-Partially, High Speed Internet, Patio, RV Parking
  • Area: 610 - Southeast Snohomish
  • Elementary School: Crystal Springs Elem
  • Middle Or Junior School: Skyview Middle School
  • High School: North Creek High School
  • Effective Year Built Source: See Remarks
  • Directions: Bothell Everett Hwy take 196th St SE. Complex is up on the right
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 20.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Virtual Tour
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: See Remarks, Vinyl, Carpet
  • Features: Forced Air, Wall to Wall Carpet
  • Amenities: Coin Op Laundry,Storage,Thermal Windows
  • Fireplace: No
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Private
  • Water/Sewer/Garbage: 3600
  • Power Company: PSE
  • Sewer Company: PUD
  • Water Company: City of Bothell
  • Power Production Type: Electric
  • Utilities: High Speed Internet, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2020
  • Photos Count: 29
Lot Information
  • Lot Details: Paved, Secluded
  • Lot Size Source: title
  • Parcel Number Free Text: 70380000010000
  • Building Condition: Very Good
  • Calculated Square Footage: 3240
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3240.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 20
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $450
  • Total Expenses: 14569
  • Gross Adjusted Income: 57266
  • Gross Rent Multiplier: 21
  • Gross Scheduled Income: $71,835
  • Insurance Expense: $2,760
  • Net Operating Income: $57,266
  • Other Expenses: $0
  • Total Monthly Income: 5985
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3240.0
  • Leasable Area Units: Square Feet

Property History for 2526 196th Street Southeast

DateEvent & SourcePriceAppreciation
Jul 15, 2021

Sold

NWMLS #1770449

$1,350,000—
Jul 12, 2021

Sold (Public Record)

Public Record #1466435909

$1,350,000—
Jun 1, 2021

Pending

NWMLS #1770449

—
DateEvent & SourcePrice
07/15/2021

Sold

NWMLS #1770449

$1,350,000
07/12/2021

Sold (Public Record)

Public Record #1466435909

$1,350,000
06/01/2021

Pending

NWMLS #1770449

—

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

Public Records for 2526 196th Street Southeast

Taxable ValueLand$530,800Additions$793,200Total$1,324,000
Tax Record2026$11,927 ($994 / month)
Home Facts
Baths4Total Finished SqFt3,240 SqFtAbove Ground SqFt3,240 SqFtStories1Lot Size17,860 SqFtStyleQuadraplexYear Built1984Year Renovated1984ZoningLDMRCountySNOHOMISHAPN007038-000-001-00

Schools near 2526 196th Street Southeast

This home is within Northshore School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Canyon Creek Elementary School
PublicPK to 5

Skyview Middle School
Public6 to 8

North Creek High School
Public9 to 12

Secondary Academy For Success
Public9 to 12

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.

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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 The Preview Group

Based on information submitted to the MLS GRID as of 09/05/2024 05:42 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.