507 3rd St

Sultan, WA 98294

$805,000
Last Sold Price
—
Beds
—
Baths
3,874 Sq. Ft.
$208 / Sq. Ft.
3,874
Sq. Ft.
$208
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 9/30/22
Sold 9/30/22
front view of house with a yard
a front view of a house with a garden
a front view of a house with garden
a view of a house with a yard
a kitchen with stainless steel appliances a stove top oven and sink
a large kitchen with stainless steel appliances granite countertop a stove a refrigerator and a microwave
a view of an empty room with a window
an empty room with windows and refrigerator
a view of a kitchen with furniture and a refrigerator
an empty room with windows and closet
a view of a storage and utility room with wooden floor
a bathroom with a granite countertop sink and a mirror
an empty room with a window
a view of an empty room
a kitchen with a sink appliances and cabinets
a bathroom with a granite countertop sink and a mirror
a living room with furniture and a fireplace
a room with furniture and a window
a living room with furniture a flat screen tv and a fireplace
a kitchen with stainless steel appliances a sink a refrigerator and a counter top space
a bathroom with a granite countertop sink and a mirror
a living room with furniture and a flat screen tv
a bedroom with a bed and a television
a bedroom with bed and a tv
Listing provided courtesy of Windermere Real Estate/East, Realty One Group Orca
Source: Northwest MLS

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 CLOSED: 09/30/2022 12:00 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-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.29 AC / 12,632 SF
CountySnohomish County
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Location

Listing Courtesy of Windermere Real Estate/East

Sold By Realty One Group Orca

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Building Information for 507 3rd Street

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

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$4,452 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,092

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

—
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

—

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

Public Records for 507 3rd Street

Taxable ValueLand$257,000Additions$324,800Total$581,800
Tax Record2026$5,103 ($425 / month)
Home Facts
Baths3Total Finished SqFt2,730 SqFtAbove Ground SqFt2,730 SqFtStories1Lot Size12,632 SqFtStyleTriplexYear Built1952Year Renovated1952ZoningMDCountySNOHOMISHAPN280832-003-076-00

Schools near 507 3rd Street

This home is within Sultan School District.
Rating
School
Type
Grades
Distance
Sultan Parent Partnership Program
Public - 1 to 8
Sultan Senior High School
Public - 9 to 12
Sultan Virtual Academy
Public - K to 12
Sky Valley Options
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
511 3rd Street, Sultan, WA 98294
$230,000
3
1
990
26,572
205 Date Street, Unit 1, Sultan, WA 98294
–
–
4
5,357
18,295
209 Date Street, Sultan, WA 98294
–
2
2
2,288
15,246
506 3rd Street, Sultan, WA 98294
–
–
5
3,656
12,197
508 3rd Street, Sultan, WA 98294
–
–
1
1,752
7,841

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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 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.