1201 Pacific Ave

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Description

Elevate your real estate portfolio with The Norton Apartments, a historic landmark nestled atop Marine View Drive and Pacific Avenue in Everett, WA. With sweeping mountain and sound views, plus promising value-add opportunities and future redevelopment potential, this property is a timeless investment choice. The Norton Apartments have graced the Everett skyline since the turn of the century, offering unparalleled views of downtown Everett, the waterfront, and being just a block away from Providence...Elevate your real estate portfolio with The Norton Apartments, a historic landmark nestled atop Marine View Drive and Pacific Avenue in Everett, WA. With sweeping mountain and sound views, plus promising value-add opportunities and future redevelopment potential, this property is a timeless investment choice. The Norton Apartments have graced the Everett skyline since the turn of the century, offering unparalleled views of downtown Everett, the waterfront, and being just a block away from Providence Hospital. This prime location is a testament to its enduring appeal.
  1. Listed by Corey Crain • Keller Williams Realty Bothell

Property Details for 1201 Pacific Avenue

Community Name
Everett
School District
Everett
View
City, Mountain(s), Sound
Number of Assigned Spaces
23
Total Covered Parking
12
Entry Date
10-02-2023
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:47 AM

Property Details for 1201 Pacific Avenue

StatusSold
MLS #2166055
Days on Market93
Cumulative Days on Market93
Taxes$14,633 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.33 AC / 14,375 SF
CountySnohomish County

Location

Listing Courtesy of Keller Williams Realty Bothell

Sold By The Foundation Group LLC

Add your commute

Building Information for 1201 Pacific Avenue

Stories3Residences18Year Built1922Building Size-Lot Size0.33 AC / 14,375 SF

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OriginPoint Mortgage or Rocket Mortgage1

$12,912 per month

30 year fixed, 6.15% Interest

Principal and Interest

$11,692

Property Taxes

$1,219

HOA Dues

$0

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Property Information for 1201 Pacific Avenue

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 740 - Everett/Mukilteo
  • Directions: From I-5 N: Exit 192merge onto broadway, Left onto Pacific Ave, Bldg on Right. From I-5 S: Exit 194 for Everett Ave, Right on Everett Ave, Left onto Rucker, Right onto Pacific Ave, Bldg on Right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 11.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Hardwood, Carpet
  • Features: Hardwood, Wall to Wall Carpet
  • Amenities: Coin Op Laundry,Storage
  • Cooling: Yes
  • Cooling: Wall Unit(s)
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Brick, Cement/Concrete, Cement Planked
  • Roof: Flat, Torch Down
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 15040
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • 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
  • Photos Count: 24
Lot Information
  • Lot Details: Corner Lot, Curbs
  • Lot Size Source: Realist
  • Parcel Number Free Text: 00437572101200
  • Building Condition: Good
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • 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: 3
  • Vacancy Rate: 3
  • Number Of Units Total: 18
  • Units Below Grade: false
  • Units In Building Total: 18
Financing / Income and Expenses
  • Electric Expense: $2,468
  • Total Expenses: 90909
  • Gross Adjusted Income: 238329
  • Gross Rent Multiplier: 9
  • Gross Scheduled Income: $245,700
  • Insurance Expense: $7,318
  • Net Operating Income: $147,420
  • Other Expenses: $51,450
  • Total Monthly Income: 20475
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 9557.0
  • Leasable Area Units: Square Feet

Property History for 1201 Pacific Avenue

DateEvent & SourcePriceAppreciation
Mar 20, 2024

Sold

NWMLS #2166055

$2,399,000—
Mar 14, 2024

Sold (Public Record)

Public Record #1529019712

$2,398,000

+7.8% / yr

Jan 3, 2024

Pending

NWMLS #2166055

—
Oct 2, 2023

Listed (Active)

NWMLS #2166055

$2,399,999—
Oct 18, 2013

Sold (Public Record)

Public Record #370190716

$1,100,000

-1.3% / yr

Jan 23, 2007

Sold (Public Record)

Public Record #213206098

$1,200,000—
DateEvent & SourcePrice
03/20/2024

Sold

NWMLS #2166055

$2,399,000
03/14/2024

Sold (Public Record)

Public Record #1529019712

$2,398,000

+7.8% / yr

01/03/2024

Pending

NWMLS #2166055

—
10/02/2023

Listed (Active)

NWMLS #2166055

$2,399,999
10/18/2013

Sold (Public Record)

Public Record #370190716

$1,100,000

-1.3% / yr

01/23/2007

Sold (Public Record)

Public Record #213206098

$1,200,000

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

Public Records for 1201 Pacific Avenue

Taxable ValueLand$691,100Additions$1,558,900Total$2,250,000
Tax Record2025$19,614 ($1,635 / month)
Home Facts
Baths20Total Finished SqFt6,864 SqFtAbove Ground SqFt6,864 SqFtStories3Lot Size14,375 SqFtStyleMulti-Family Dwelling (2-4)Year Built1894ZoningFRCountySNOHOMISHAPN00437572101200

Schools near 1201 Pacific Avenue

This home is within Everett 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
Whittier Elementary School
PublicPK to 5

North Middle School
Public6 to 8

Everett High School
Public9 to 12

Sequoia High School
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 Keller Williams Realty Bothell

Based on information submitted to the MLS GRID as of 09/05/2024 05:47 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.