507 3rd St

—
Beds
—
Baths
3,874 Sq. Ft.
$208 / Sq. Ft.
3,874
Sq. Ft.
$208
per Sq. Ft.

Description

Welcome to this nice, well-maintained, 4-plex on a large, sunny, level lot located in center of Sultan. There are three existing 2-bedroom, 1-bath units & a fourth 1-bed, 1-bath unit (with existing legal address) ready for you to build out, creating instant additional value to the property. Perfect for owner occupier with rental income. Owner could add 4th unit, or expand their personal residence. Add carport and fence different areas of the yard to create a very nice owner's unit or obtain higher...Welcome to this nice, well-maintained, 4-plex on a large, sunny, level lot located in center of Sultan. There are three existing 2-bedroom, 1-bath units & a fourth 1-bed, 1-bath unit (with existing legal address) ready for you to build out, creating instant additional value to the property. Perfect for owner occupier with rental income. Owner could add 4th unit, or expand their personal residence. Add carport and fence different areas of the yard to create a very nice owner's unit or obtain higher rents. Public sewer & water. High-speed internet available. Financials are pro-forma and sq. ft. includes unfinished 4th unit. Elementary school 1-block away and multiple parks near by. Pre-inspection report available.
  1. Listed by Sunny Elston • Windermere Real Estate/East
    P: (425)-455-9800 sunny.elston@windermere.com
  2. Listed by Hadley Elston • Windermere Real Estate/East
    P: (425)-455-9800 hadley.elston@windermere.com

Property Details for 507 3rd Street

Community Name
In Town - Snohomish
School District
Sultan
View
Mountain(s), Territorial
Number of Assigned Spaces
2
Total Covered Parking
0
Entry Date
06-23-2022
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:45 AM

Property Details for 507 3rd Street

StatusSold
MLS #1955849
Days on Market50
Cumulative Days on Market50
Taxes$4,328 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.29 AC / 12,632 SF
CountySnohomish County

Location

Listing Courtesy of Windermere Real Estate/East

Sold By Realty One Group Orca

Add your commute

Building Information for 507 3rd Street

Stories3Residences4Year Built1952Building Size-Lot Size0.29 AC / 12,632 SF

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$4,267 per month

30 year fixed, 6.11% Interest

Principal and Interest

$3,907

Property Taxes

$361

HOA Dues

$0

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Property Information for 507 3rd Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Deck, High Speed Internet
  • Area: 750 - East Snohomish County
  • Elementary School: Sultan Elem
  • Middle Or Junior School: Sultan Mid
  • High School: Sultan Snr High
  • Directions: From US 2 in Sultan, turn North on 3rd St. Home is on the left about 5 blocks North.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Amenities: Basement,Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 600
  • Power Company: Snohomish PUD
  • Sewer Company: City of Sultan
  • Water Company: City of Sultan
  • Power Production Type: Electric
  • Utilities: Cable Connected, 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
  • Letter On File: Duplicate Prop Type
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 24
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 110 ft x 110 ft
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 28083200307600
  • Building Condition: Good
  • Calculated Square Footage: 3874
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3874.0
  • 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: 2
  • Number of Stories in Building: 3
  • Vacancy Rate: 10
  • Number Of Units Total: 4
  • Units Below Grade: true
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 7673
  • Gross Adjusted Income: 65448
  • Gross Rent Multiplier: 11.5
  • Gross Scheduled Income: $72,720
  • Insurance Expense: $2,745
  • Net Operating Income: $57,775
  • Other Expenses: $0
  • Total Monthly Income: 6600
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3874.0
  • Leasable Area Units: Square Feet

Property History for 507 3rd Street

DateEvent & SourcePriceAppreciation
Sep 30, 2022

Sold

NWMLS #1955849

$805,000—
Sep 7, 2022

Sold (Public Record)

Public Record #1498760557

$805,000

+13.9% / yr

Aug 12, 2022

Pending

NWMLS #1955849

—
Aug 5, 2022

Price Change

NWMLS #1955849

$825,000—
Jun 23, 2022

Listed (Active)

NWMLS #1955849

$835,000—
Feb 28, 2013

Sold

NWMLS #272340

$232,000—
Feb 25, 2013

Sold (Public Record)

Public Record #348334751

$232,000—
Jan 24, 2013

Pending

NWMLS #272340

—
Sep 8, 2011

Listed (Active)

NWMLS #272340

$257,500—
DateEvent & SourcePrice
09/30/2022

Sold

NWMLS #1955849

$805,000
09/07/2022

Sold (Public Record)

Public Record #1498760557

$805,000

+13.9% / yr

08/12/2022

Pending

NWMLS #1955849

—
08/05/2022

Price Change

NWMLS #1955849

$825,000
06/23/2022

Listed (Active)

NWMLS #1955849

$835,000
02/28/2013

Sold

NWMLS #272340

$232,000
02/25/2013

Sold (Public Record)

Public Record #348334751

$232,000
01/24/2013

Pending

NWMLS #272340

—
09/08/2011

Listed (Active)

NWMLS #272340

$257,500

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

Public Records for 507 3rd Street

Taxable ValueLand$209,000Additions$341,700Total$550,700
Tax Record2025$5,211 ($434 / month)
Home Facts
Baths3Total Finished SqFt3,874 SqFtAbove Ground SqFt1,956 SqFtFinished Basement SqFt1,918 SqFtStories2Lot Size12,632 SqFtStyleTriplexYear Built1952ZoningV8CountySNOHOMISHAPN28083200307600Fireplace TypeHas Fireplace

Schools near 507 3rd Street

This home is within Sultan School District.
Rating
School
Type
Grades
Distance
Public - 1 to 8
Public - 9 to 12
Public - K to 12
Public - 9 to 12
Rating
School
Distance
Sultan Parent Partnership Program
Public1 to 8

Sultan Senior High School
Public9 to 12

Sultan Virtual Academy
PublicK to 12

Sky Valley Options
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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere Real Estate/East

Based on information submitted to the MLS GRID as of 09/05/2024 05:45 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.