2524 Chestnut Street
2524 Chestnut Street
Everett, WA 98201
$1,350,000
Last Sold Price
10
Beds
7
Baths
4,180 Sq. Ft.
$323 / Sq. Ft.
4,180
Sq. Ft.
$323
per Sq. Ft.
Sold 9/23/21
Sold 9/23/21
Listing provided courtesy of COMPASS, Paragon Real Estate Advisors, John L. Scott, Inc.
Description
The Chestnut 7-unit is a plug and play, cash-flowing building that has been comprehensively renovated with longevity and durability in mind. Prospective buyers will benefit from the current and future growth of Everett which has multiple large scale development projects intended to attract new high-quality residents and businesses. Additional value may be realized at the building by adding a washer/dryer to the studio unit, creating tenant storage lockers in the detached storage container, and creating...The Chestnut 7-unit is a plug and play, cash-flowing building that has been comprehensively renovated with longevity and durability in mind. Prospective buyers will benefit from the current and future growth of Everett which has multiple large scale development projects intended to attract new high-quality residents and businesses. Additional value may be realized at the building by adding a washer/dryer to the studio unit, creating tenant storage lockers in the detached storage container, and creating communal tenant amenities in the unused adjacent tax parcel to the South which is currently a grass yard.
Listing Agent
![Zachary Lazo]()
zack.lazo@compass.comP: 206.250.8017
Property Details for 2524 Chestnut Street
Community Name
Riverside
School DistrictEverett
Number of Assigned Spaces7
Total Covered Parking0
Entry Date04-28-2021
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of COMPASS; Paragon Real Estate Advisors![]()
Sold By John L. Scott, Inc.
Add your commute
LISTING UPDATED: 09/28/2021 03:40 PM
Property Details for 2524 Chestnut Street
| Status | Sold |
|---|---|
| MLS # | 1765219 |
| Days on Market | 90 |
| Cumulative Days on Market | 90 |
| Taxes | $6,576 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1920 |
| Lot Size | 0.14 AC / 6,098 SF |
| County | Snohomish County |
Location
Listing Courtesy of COMPASS; Paragon Real Estate Advisors![]()
Sold By John L. Scott, Inc.
Add your commute
Building Information for 2524 Chestnut Street
Stories2Residences7Year Built1920Building Size-Lot Size0.14 AC / 6,098 SF
Payment Calculator
$7,916 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,368
Property Taxes
$548
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 2524 Chestnut Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Area: 740 - Everett/Mukilteo
- Effective Year Built Source: See Remarks
- Directions: I5 S to exit 193 for Pacific Ave toward WA-529. Left on Pacific Ave. Right on Maple. Right on 26th. Left on Chestnut. Property is on the left.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2021
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 7.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Engineered Hardwood, Vinyl, Carpet
- Fireplace: No
- Heating: Yes
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition, Flat
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Baseboard
- Water/Sewer/Garbage: 4815
- Power Production Type: Electric
- Utilities: Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- 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
- Year Built Effective: 2017
- Photos Count: 13
Lot Information
- Lot Size Source: Public Records
- Parcel Number Free Text: 00467300302800
- Calculated Square Footage: 4180
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4180.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 7
- Number of Stories in Building: 2
- Vacancy Rate: 4
- Number Of Units Total: 7
- Units Below Grade: false
- Units In Building Total: 7
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 28750
- Gross Adjusted Income: 99245
- Gross Rent Multiplier: 14
- Gross Scheduled Income: $103,380
- Insurance Expense: $6,259
- Net Operating Income: $70,495
- Other Expenses: $11,100
- Total Monthly Income: 8615
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 530
- Rent Unit 1: $1,170.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 584
- Rent Unit 2: $1,390.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 584
- Rent Unit 3: $1,405.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 530
- Rent Unit 4: $1,150.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Washer/Dryer Unit 5: true
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 554
- Rent Unit 5: $1,365.00
- Bedrooms Unit 5: 2
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Washer/Dryer Unit 6: true
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 390
- Rent Unit 6: $650.00
- Bedrooms Unit 6: 0
- Fireplaces Unit 6: 0
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 7
- Washer/Dryer Unit 7: true
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: true
- Square Feet Unit 7: 855
- Rent Unit 7: $1,485.00
- Bedrooms Unit 7: 2
- Fireplaces Unit 7: 0
- Bathrooms Unit 7: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4180.0
- Leasable Area Units: Square Feet
Property History for 2524 Chestnut Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2524 Chestnut Street
Taxable ValueLand$27,000Additions-Total$27,000
Tax Record2022$267 ($22 / month)
Home Facts
Beds0Lot Size3,049 SqFtStyleResidentialZoningR-2CountySNOHOMISHAPN00467300302700
Schools near 2524 Chestnut Street
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 - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Garfield Elementary School PublicPK to 5 | ||
North Middle School Public6 to 8 | ||
Everett High School Public9 to 12 | ||
Sno Co Jail Public7 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
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Riverside - Everett
Neighborhoods
Cities
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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of COMPASS; Paragon Real Estate Advisors
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.