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23014 Locust Way, Bothell, WA 98021

$962,500
Last sold 08/20/2015 after 113 Days
—
bed
—
bath
5,768
Sqft ($167/Sqft)

House not for sale

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About 23014 Locust Way

Property type House

Neighborhood

Year built 1955

HOA fee $0/month

Lot size 3.05 Acre

Property description

Attention builders, developers & investors – unique opportunity in sought-after Bothell area w/huge potential. Park-like property consists of 2 adjoining tax parcels totaling over 3 acres connecting Barker Rd to Locust Wy. 3 existing structures on the property contain 8 separate rental units all w/indv electrical meters – many rents below market value. Ideal scenario for building multiple single-fam homes w/income generating rentals while in permitting or keep as long-term multi-fam investment.

Listed by

Listing Agent - Nicholas Loveless

Listing Office - Windermere R.E. Northeast, Inc

Source: NWMLS

MLS#775582 • last updated 1 year ago

Movoto checked NWMLS for data 9 minutes ago

Overview
Levels/Style	Multi Family
MLS #	775582
SubType	Multi-Family
Type	Residential Income
SqFt	5768
Status	Sold
Lot Size (SqFt)	132858
Lot Size (Acres)	3.05
Property Tax	8841
Buying Office	Keller Williams Rlty Bellevue
Year Built	1955
Buying Office Phone	425-454-0911
Condition	Fair

Interior

Exterior
Foundation	Poured Concrete
# Open Parking Spaces	14
# Covered Spaces	2
Parking Desc	RV Parking
# Parking Spaces	16
# Uncovered Spaces	14
Exterior Features	Wood

Amenities / Utilities
Sewer/ Septic	Septic Tank, Septic
Water	Public
Water Company	Alderwood Water District
Power Company	Sno Co PUD / PSE
Power Production: Type	Electric, Natural Gas
HOA Amenities	Storage

Location
Waterfront	Creek
County	Snohomish
Subdivision	Bothell
Area	_730SouthwestSnohom
Elementary School	Lockwood Elem
Middle School	Kenmore Middle School
High School District	Northshore
High School	Inglemoor Hs
APN	374100200301
Directions	From Bothell Way Head North On 61st Ave NE; 61st Ave NE Becomes 61st Pl NE; 61st Pl NE Becomes Locust Wy; Turn Left Into 1st Driveway After Bridge On Locust
Zoning	Residential

Multifamily Details
Net Operating Income	72471
Capitalization Rate	7
Expense: Insurance	1145
Expense: Electricity	707
Gross Scheduled Income	86640
Gross Adjusted Income	86640
Total Expenses	14169
Gross Rent Multiplier	12
Nwm_Totalmonthlyincome	7220

Lot/ Land Details
Site Features	Cable TV, Deck, Gas Available, High Speed Internet, Outbuildings, Patio, RV Parking, Shop

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Dec 2016
Public Records
Dec 16, 2016 Sold
$580,000 (-55.0%)
Aug 2016
MLS # 934860
Aug 28, 2016 Pending
—
Apr 29, 2016 Listed
$1,290,000 (+34.0%)
Aug 2016
MLS # 935525
Aug 27, 2016 Pending
—
Apr 29, 2016 Listed
$1,290,000
Aug 2015
Public Records
Aug 20, 2015 Sold
$962,500
Aug 2015
MLS # 775582
Aug 20, 2015 Sold
$962,500 (-3.8%)
May 18, 2015 Pending
—
Apr 29, 2015 Listed
$1,000,000
Apr 28, 2015 Listed
$1,000,000 (+141.0%)
May 2015
MLS # 779465
May 17, 2015 Pending
—
Apr 28, 2015 Listed
$1,000,000
Jul 2011
Public Records
Jul 8, 2011 Sold
$415,000
Jun 2011
MLS # 201634
Jun 28, 2011 Sold
$415,000 (-2.4%)
Mar 31, 2011 Listed
$425,000

23014 Locust Way
$962K
_730southwestsnohom
—
98021
$1.02M -2% y/y
Bothell
$815K -12% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
23017 Locust Way, Bothell, WA 98021	$606,000	2/1	1,282	0.05
1628 230th St Sw, Bothell, WA 98021	$1,043,700	5/3	3,067	0.06
22911 Barker Rd, Bothell, WA 98021	$1,166,500	3/2	1,786	0.07
23113 Barker Rd, Bothell, WA 98021	$697,900	4/2	2,220	0.07
1617 231st St Sw, Bothell, WA 98021	$640,300	2/1	1,008	0.07
1622 230th St Sw, Bothell, WA 98021	$996,500	4/3	2,864	0.08
22929 Barker Rd, Bothell, WA 98021	$747,200	3/2	1,854	0.08
1616 230th St Sw, Bothell, WA 98021	$981,000	4/3	2,812	0.09

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.