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

2501 Oakes, Everett, WA 98201

$1,325,000

Last sold 06/18/2021 after 52 Days

—
bed
—
bath
5,020
Sqft ($264/Sqft)

House not for sale

About 2501 Oakes

Property type House

Neighborhood

Year built 1915

HOA fee $0/month

Lot size 6,098 Sqft

Property description

(3) Duplexes and (1) Single Family home on one tax parcel. This (7) unit complex is offered at a current 6% CAP. Raising rents to market rate equals a 7.4% CAP in an great location with lots of development nearby. Zoned Urban Residential for up to 4 story building for future development potential. All (3) duplexes are 2bd/1ba on bottom floor and 1bd/1ba on top floor. The home is a 3bd/1ba w/W/D. Three duplexes share a coin operate W/D in basement of one of the buildings that has common access. Lots of updates have been done including sewer line work, unit renovations and lots of new windows. Addresses are 2501 Oakes, 2503 Oakes, 1906 25th St & 1910 25th St.

Listed by

Listing Agent - Grant Fosheim

Listing Office - Opal Blue Real Estate, LLC

Source: NWMLS

MLS#1765250 • last updated 2 years ago

Movoto checked NWMLS for data 5 minutes ago

Overview
Levels/Style	Multi Family
MLS #	1765250
SubType	Multi-Family
Type	Residential Income
SqFt	5020
Status	Sold
Lot Size (SqFt)	6098
Lot Size (Acres)	0.14
Property Tax	8254
Buying Office	Berkshire Hathaway HS NW
Year Built	1915
Buying Office Phone	206-932-4500
Condition	Average

Interior

Exterior
Roof	Composition
Exterior Features	Metal/Vinyl

Amenities / Utilities
Sewer/ Septic	Sewer Connected, City Of Everett
Water	Public
Water Company	City Of Everett
Power Company	SnoPUD
Power Production: Type	Electric, Natural Gas
Security Features	FullyFenced
HOA Amenities	Coin Op Laundry, Storage

Location
View	Territorial
County	Snohomish
Subdivision	Historic N Everett
Area	740 - Everett/Mukilteo
Elementary School	Whittier Elem
Middle School	North Mid
High School District	Everett
High School	Everett High
APN	439156500100
Directions	Use GPS To 2501 Oakes Ave.
Zoning	Multi-Family

Multifamily Details
Net Operating Income	81050
Capitalization Rate	6
Expense: Insurance	2395
Gross Scheduled Income	105240
Expense: Fuel	492
Expense: Other	7997
Gross Adjusted Income	103135
Total Expenses	22085
Gross Rent Multiplier	13
Nwm_Totalmonthlyincome	8770
Vacancy Rate	2

Lot/ Land Details
Site Features	Cable TV, Deck, Fenced-Partially, High Speed Internet

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Jun 2021
Public Records
Jun 22, 2021 Sold
$1,325,000
Jun 2021
MLS # 1765250
Jun 18, 2021 Sold
$1,325,000 (-1.9%)
May 3, 2021 Pending
—
Apr 27, 2021 Listed
$1,350,000 (+77.6%)
Sep 2016
Public Records
Sep 15, 2016 Sold
$760,000 (+9.4%)
Apr 2015
MLS # 669505
Apr 24, 2015 Listed
—
Jan 3, 2015 Pending
—
Sep 16, 2014 Price Change
$695,000 (-4.1%)
Jul 17, 2014 Listed
$725,000

Year Property taxes Tax assessment
2025
$11,594 +15.9%

$1,291,500 +5.99%
2023
$10,006 +22.0%

$1,218,500 +35.99%
2022
$8,204 +0.8%

$896,000 +14.29%
2021
$8,136 -7.5%

$784,000
2020
$8,801 +5.3%

$784,000 +4.67%
2019
$8,354 -4.8%

$749,000
2018
$8,774 +43.1%

$749,000 +37.18%
2015
$6,133

$546,000

2501 Oakes
$1.32M
Bayside
$529K -2% y/y
98201
$529K -11% y/y
Everett
$519K -12% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
2505 Oakes Ave, Everett, WA 98201	$457,000	2/1	1,020	0.01
2511 Oakes Ave, Everett, WA 98201	$451,000	3/1	1,040	0.03
2430 Oakes Ave, Everett, WA 98201	$399,000	2/1	636	0.03
2517 Oakes Ave, Everett, WA 98201	$488,000	3/1	1,064	0.04
2506 Lombard Ave, Everett, WA 98201	$505,000	2/1	946	0.04
2508 Lombard Ave, Everett, WA 98201	$562,000	3/2	1,588	0.04
2510 Lombard Ave, Everett, WA 98201	$548,000	3/1	1,392	0.04
2422 Oakes Ave, Everett, WA 98201	$501,000	3/1	1,342	0.05

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