About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

23014 Locust Way, Bothell, WA 98021

$1,105,000

Last sold 12/16/2016 after 230 Days

—
bed
—
bath
5,768
Sqft ($192/Sqft)

House not for sale

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 and investors! Unique opportunity in sought-after Bothell area with huge potential. Property consists of 2 adjoining tax parcels totaling over 3 acres connecting Barker Road to Locust Way. 3 existing structures on the property contain 8 separate rental units all with individual electrical meters. Rental units need work. Ideal scenario for building multiple single family homes.

Listed by

Listing Agent - Angela Hardy

Listing Office - Berkshire Hathaway HS NW

Source: NWMLS

MLS#934860 • last updated 2 years ago

Movoto checked NWMLS for data 20 minutes ago

Overview
Levels/Style	Multi Family
MLS #	934860
SubType	Multi Family
Type	Residential Income
SqFt	5768
Status	Sold
Lot Size (SqFt)	132858
Lot Size (Acres)	3.05
Property Tax	8841
Buying Office	ZNonMember-Office-MLS
Year Built	1955
Buying Office Phone	425-820-9200
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
Power Company	Sno Cty PUD/PSE
Power Production: Type	Electric, Natural Gas
HOA Amenities	Storage

Location
County	Snohomish
Subdivision	Bothell
Area	730 - Southwest Snohomish
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 - Becomes 61st PL NE. Then Becomes Locust Way. 1st Driveway On The Left After Bridge On Locust.

Multifamily Details
Net Operating Income	62271
Capitalization Rate	4.9
Expense: Insurance	1145
Expense: Electricity	707
Gross Scheduled Income	86640
Gross Adjusted Income	76440
Total Expenses	14169
Gross Rent Multiplier	14
Nwm_Totalmonthlyincome	8300
Vacancy Rate	13

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

We are not permitted to show value estimates for this property.

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Dec 2016
Public Records
Dec 16, 2016 Sold
$580,000 (-47.5%)
Dec 2016
MLS # 934860
Dec 16, 2016 Sold
$1,105,000 (-14.3%)
Aug 28, 2016 Pending
—
Apr 30, 2016 Listed
$1,290,000
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

Year Property taxes Tax assessment
2025
$9,310 +6.3%

$1,081,600 -2.94%
2023
$8,756 -4.2%

$1,114,400 +19.26%
2022
$9,144 +10.5%

$934,400 +35.46%
2021
$8,277 +13.5%

$689,800
2020
$7,294 +12.5%

$689,800 +9.86%
2019
$6,482 +5.2%

$627,900
2018
$6,159 +19.9%

$627,900 +36.03%
2015
$5,139

$461,600

23014 Locust Way
$1.1M
730 - Southwest Snohomish
$979K
98021
$945K -5% y/y
Bothell
$759K -14% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
23017 Locust Way, Bothell, WA 98021	$780,000	2/1	1,282	0.05
1628 230th St Sw, Bothell, WA 98021	$1,462,000	5/3	3,067	0.06
22911 Barker Rd, Bothell, WA 98021	$1,059,000	3/2	1,786	0.07
23113 Barker Rd, Bothell, WA 98021	$1,027,000	4/2	2,220	0.07
1617 231st St Sw, Bothell, WA 98021	$736,000	2/1	1,008	0.07
1622 230th St Sw, Bothell, WA 98021	$1,403,000	4/3	2,864	0.08
22929 Barker Rd, Bothell, WA 98021	$997,000	3/2	1,854	0.08
1616 230th St Sw, Bothell, WA 98021	$1,394,000	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.