522 Russell Rd

2
Baths
1,976 Sq. Ft.
$337 / Sq. Ft.
1,976
Sq. Ft.
$337
per Sq. Ft.

Description

Investor Alert 7% Proforma Cap Rate! Rare side-by-side duplex is available just outside Lake Stevens in desirable Machias, a high-demand rental market with a very low 1.6% vacancy rate! Each unit has 2 bed / 1 bath and covered parking. Spacious kitchens and expansive living room with large windows with ample light. One unit is like new: new kitchen and bathroom, flooring, paint, millwork, and fixtures. New roof in 2022. Recently pumped septic. Enjoy the fenced-in backyard and quiet country living...Investor Alert 7% Proforma Cap Rate! Rare side-by-side duplex is available just outside Lake Stevens in desirable Machias, a high-demand rental market with a very low 1.6% vacancy rate! Each unit has 2 bed / 1 bath and covered parking. Spacious kitchens and expansive living room with large windows with ample light. One unit is like new: new kitchen and bathroom, flooring, paint, millwork, and fixtures. New roof in 2022. Recently pumped septic. Enjoy the fenced-in backyard and quiet country living with views of a horse arena. Conveniently located near the lake, schools, shopping, highway, Centennial Trail, and within walking distance to the Pilchuck River.
  1. Listed by Zach Schwarzmiller • Waterstone Properties
    P: (425)-501-4044 zschwarzmiller@gmail.com

Property Details for 522 Russell Road

Community Name
Machias
School District
Snohomish
Number of Assigned Spaces
6
Total Covered Parking
0
Entry Date
09-07-2024
Energy Source
Electric
Sewer
Septic Tank
LISTING CLOSED: 10/21/2024 12:00 AM

Property Details for 522 Russell Road

StatusSold
MLS #2288101
Days on Market19
Cumulative Days on Market53
Taxes$5,285 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size0.27 AC / 11,761 SF
CountySnohomish County

Location

Listing Courtesy of Waterstone Properties

Sold By Kelly Right RE of Seattle LLC

Add your commute

Building Information for 522 Russell Road

Stories1Residences2Year Built1968Building Size-Lot Size0.27 AC / 11,761 SF

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Property Information for 522 Russell Road

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Fenced-Fully, Outbuildings
  • Area: 760 - Northeast Snohomish?
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: Public Records
  • Directions: From Snohomish head south on Machias, turn right at Ok Mill Road, turn left on Russell Road, 522 Rusell Road on the left 0.8 miles.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 2.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank
  • Amenities: Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Wall Unit(s)
Exterior Features
  • Exterior: See Remarks
  • Roof: Composition
  • Security Features: PartiallyFenced
Property
Utilities
  • Water Source: Community
  • Water/Sewer/Garbage: 960
  • Power Company: Snohomish County PUD
  • Sewer Company: Septic
  • Water Company: Pilcuck Riviera #2
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Zoning Class: Residential
  • Construction Methods: Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Residential
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1968
  • Photos Count: 23
Lot Information
  • Lot Size Source: Snohomish County
  • Parcel Number Free Text: 00543600003000
  • Building Condition: Good
  • Calculated Square Footage: 1976
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 1976.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 10595
  • Gross Adjusted Income: 53160
  • Gross Rent Multiplier: 13.45
  • Gross Scheduled Income: $53,160
  • Insurance Expense: $4,350
  • Net Operating Income: $42,565
  • Other Expenses: $0
  • Total Monthly Income: 4430
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 522
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 988
  • Rent Unit 1: $2,500.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 524
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 988
  • Rent Unit 2: $1,850.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 1976.0
  • Leasable Area Units: Square Feet

Property History for 522 Russell Road

DateEvent & SourcePriceAppreciation
Oct 21, 2024

Sold

NWMLS #2288101

$665,000
Oct 16, 2024

Sold (Public Record)

Public Record #1543409686

$665,000

+14.6% / yr

Sep 26, 2024

Pending

NWMLS #2288101

DateEvent & SourcePrice
10/21/2024

Sold

NWMLS #2288101

$665,000
10/16/2024

Sold (Public Record)

Public Record #1543409686

$665,000

+14.6% / yr

09/26/2024

Pending

NWMLS #2288101

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

Public Records for 522 Russell Road

Taxable ValueLand$312,300Additions$307,600Total$619,900
Tax Record2026$6,286 ($524 / month)
Home Facts
Baths2Total Finished SqFt1,976 SqFtAbove Ground SqFt1,976 SqFtStories1Lot Size11,761 SqFtStyleDuplexYear Built1968Year Renovated1968ZoningR-5CountySNOHOMISHAPN005436-000-030-00

Schools near 522 Russell Road

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

Centennial Middle School
Public7 to 8

Snohomish High School
Public9 to 12

Snohomish Center
PublicPK 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 Waterstone Properties

Based on information submitted to the MLS GRID as of 11/25/2024 02:30 PM. 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.