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Sold on 08/20/2015

23014 Locust Way, Bothell, WA 98021

  • $962,500

    Last sold 08/20/2015 after 113 Days

  • —

    bed

  • —

    bath

  • 5,768

    Sqft ($167/Sqft)

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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 logo
MLS#775582 • last updated 1 year ago
Movoto checked NWMLS for data 4 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
We are not permitted to show value estimates for this property.
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  • Aug 2016
    mls logo MLS # 934860
  • Aug 28, 2016 Pending
    —
  • Apr 29, 2016 Listed
    $1,290,000 (+29.0%)
  • Aug 2016
    mls logo MLS # 935525
  • Aug 27, 2016 Pending
    —
  • Apr 29, 2016 Listed
    $1,290,000
  • May 2015
    mls logo MLS # 775582
  • May 18, 2015 Pending
    —
  • Apr 28, 2015 Listed
    $1,000,000
  • May 2015
    mls logo MLS # 779465
  • May 17, 2015 Pending
    —
  • Apr 28, 2015 Listed
    $1,000,000
  • 23014 Locust Way
    $962K
  • _730southwestsnohom
    —
  • 98021
    $1.02M +2% y/y
  • Bothell
    $874K -4% y/y
No chart available
Statistics calculated by Movoto

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7/10
Lockwood Elementary School
public Grades PK, K-5
Northshore School District
6/10
Kenmore Middle School
public Grades 6-8
Northshore School District
8/10
Bothell High School
public Grades 9-12
Northshore School District
Source: GreatSchools.org © 2026. All rights reserved.

Around _730southwestsnohom

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  • 23014 Locust Way
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