705 Peterson Rd

—
Beds
—
Baths
5,316 Sq. Ft.
$271 / Sq. Ft.
5,316
Sq. Ft.
$271
per Sq. Ft.

Description

New Townhouse-Style Four-Plex in Burlington. Brand-new income property was thoughtfully designed and built for durability and trouble-free ownership. Great layout with 9' ceilings on the main, 1329SF, 3BR, 2.25BA, 1-car attached gar w opener & enclosed patio area for each unit. LVP flooring on main and baths, mini-split on both levels, durable laminate countertops, soft close Aristokraft cabinets w pulls, white trim, gridded windows, tile backsplash. Master has nice sized walk-in and en-suite 3/4...New Townhouse-Style Four-Plex in Burlington. Brand-new income property was thoughtfully designed and built for durability and trouble-free ownership. Great layout with 9' ceilings on the main, 1329SF, 3BR, 2.25BA, 1-car attached gar w opener & enclosed patio area for each unit. LVP flooring on main and baths, mini-split on both levels, durable laminate countertops, soft close Aristokraft cabinets w pulls, white trim, gridded windows, tile backsplash. Master has nice sized walk-in and en-suite 3/4 bath. Fully equipped with smooth top range, micro hood, dishwasher, fridge and stacking washer/dryer. Property is attractive and landscape is easily maintained, there are 11 striped parking spaces in addition to the garages. Fiber-optic internet.

Listing Agents

  1. Brigid Buchanan

    Brigid Buchanan

    Alternative Listing Agent

    Compass

  2. Listed by Erik H. Pedersen • Keller Williams Western Realty

Property Details for 705 Peterson Road

Community Name
Burlington
School District
Burlington
View
Territorial
Number of Assigned Spaces
11
Total Covered Parking
4
Entry Date
04-27-2021
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:42 AM

Property Details for 705 Peterson Road

StatusSold
MLS #1762790
Days on Market22
Cumulative Days on Market22
Taxes$10,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2021
Lot Size0.31 AC / 13,504 SF
CountySkagit County

Location

Listing Courtesy of Keller Williams Western Realty

Sold By COMPASS

Add your commute

Building Information for 705 Peterson Road

Stories2Residences4Year Built2021Building Size-Lot Size0.31 AC / 13,504 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$7,852 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,018

Property Taxes

$833

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 705 Peterson Road

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Fenced-Fully, High Speed Internet, Patio
  • Area: 825 - Burlington
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Burlington Edison Hi
  • Effective Year Built Source: Public Records
  • Directions: In Burlington. Head East on Highway 20 from I-5. Turn North on Garrett Road. Turn East on Peterson Road. Multiplex is on the left.
  • 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: 11.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl Plank, Carpet
  • Features: Ductless HP-Mini Split, Wall to Wall Carpet
  • New Construction: Completed
  • Cooling: Yes
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition
  • Security Features: PartiallyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 7140
  • Power Company: PSE
  • Sewer Company: City of Burlington
  • Water Company: Skagit PUD
  • Power Production Type: Electric
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: Yes
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Estimated Completion Date: 2021-04-26
  • First Right Of Refusal: false
  • Possible Use: Residential
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2021
  • Photos Count: 30
Lot Information
  • Lot Details: Dead End Street, Paved, Sidewalk
  • Lot Size Source: Tax Records
  • Parcel Number Free Text: P62631
  • Building Condition: Very Good
  • Calculated Square Footage: 5316
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 5316.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 11
  • Number of Stories in Building: 2
  • Vacancy Rate: 3
  • Number Of Units Total: 4
  • Units Below Grade: false
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 22540
  • Gross Adjusted Income: 97776
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $100,800
  • Insurance Expense: $1,800
  • Net Operating Income: $75,236
  • Other Expenses: $3,600
  • Total Monthly Income: 8400
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 5316.0
  • Leasable Area Units: Square Feet

Property History for 705 Peterson Road

DateEvent & SourcePriceAppreciation
Jun 24, 2021

Sold

NWMLS #1762790

$1,440,000—
Jun 15, 2021

Sold (Public Record)

Public Record #1514979501

$1,440,000—
Jun 15, 2021

Sold (Public Record)

Public Record #1464492947

$1,440,000

+95.7% / yr

May 19, 2021

Pending

NWMLS #1762790

—
Apr 27, 2021

Listed (Active)

NWMLS #1762790

$1,500,000—
Feb 1, 2018

Sold (Public Record)

Public Record #616193086

$150,000

-1.3% / yr

Jan 25, 2018

Sold

NWMLS #1235139

$150,000—
Jan 24, 2018

Pending

NWMLS #1235139

—
Jan 19, 2018

Listed (Active)

NWMLS #1235139

$150,000—
Jun 16, 2008

Sold

NWMLS #27183460

$170,000—
Jun 11, 2008

Sold (Public Record)

Public Record #240210666

$170,000

+9.7% / yr

May 28, 2008

Pending

NWMLS #27183460

—
Oct 10, 2007

Listed (Active)

NWMLS #27183460

$215,000—
Dec 16, 1997

Sold (Public Record)

Public Record #52003143

$64,219—
DateEvent & SourcePrice
06/24/2021

Sold

NWMLS #1762790

$1,440,000
06/15/2021

Sold (Public Record)

Public Record #1514979501

$1,440,000
06/15/2021

Sold (Public Record)

Public Record #1464492947

$1,440,000

+95.7% / yr

05/19/2021

Pending

NWMLS #1762790

—
04/27/2021

Listed (Active)

NWMLS #1762790

$1,500,000
02/01/2018

Sold (Public Record)

Public Record #616193086

$150,000

-1.3% / yr

01/25/2018

Sold

NWMLS #1235139

$150,000
01/24/2018

Pending

NWMLS #1235139

—
01/19/2018

Listed (Active)

NWMLS #1235139

$150,000
06/16/2008

Sold

NWMLS #27183460

$170,000
06/11/2008

Sold (Public Record)

Public Record #240210666

$170,000

+9.7% / yr

05/28/2008

Pending

NWMLS #27183460

—
10/10/2007

Listed (Active)

NWMLS #27183460

$215,000
12/16/1997

Sold (Public Record)

Public Record #52003143

$64,219

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

Public Records for 705 Peterson Road

Taxable ValueLand$394,300Additions$656,900Total$1,051,200
Tax Record2025$8,546 ($712 / month)
Home Facts
Beds3Total Finished SqFt5,315 SqFtAbove Ground SqFt5,315 SqFtStories2Lot Size13,504 SqFtStyleSingle Family ResidenceYear Built2020CountySKAGITAPN3867-000-049-1403Fireplace TypeHas Fireplace

Schools near 705 Peterson Road

This home is within Burlington-Edison School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 1 to 8
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
West View Elementary School
PublicK to 6

Lucille Umbarger Elementary School
Public1 to 8

Burlington Edison High School
Public9 to 12

Open Doors
Public10 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.

Similar Homes

Similar Sold Homes

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 Keller Williams Western Realty

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.