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2524 Chestnut St, Everett, WA 98201

$1,485,000

Last sold 09/23/2021 for $1.35M

—
bed
—
bath
4,180
Sqft ($323/Sqft)

House not for sale

About 2524 Chestnut St

Property type House

Neighborhood

Year built 1920

HOA fee $0/month

Lot size 6,098 Sqft

Movoto estimate

Property 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 communal tenant amenities in the unused adjacent tax parcel to the South which is currently a grass yard.

Listed by

Listing Agent - Jacob Odegard

Listing Office - Paragon Real Estate Advisors

Source: NWMLS

MLS#1765219 • last updated 2 years ago

Movoto checked NWMLS for data 10 minutes ago

Overview
Levels/Style	Multi Family
MLS #	1765219
SubType	Multi-Family
Type	Residential Income
SqFt	4180
Status	Sold
Lot Size (SqFt)	6098
Lot Size (Acres)	0.14
Property Tax	6576
Year Built	1920
Buying Office Phone	425-454-2437

Interior
Interior Features	Wall To Wall Carpet

Exterior
Foundation	Poured Concrete
# Open Parking Spaces	7
# Parking Spaces	7
# Uncovered Spaces	7

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Power Production: Type	Electric

Location
County	Snohomish
Subdivision	Riverside
Area	740 - Everett/Mukilteo
High School District	Everett
APN	467300302800
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.
Zoning	Multi-Family

Multifamily Details
Net Operating Income	70495
Capitalization Rate	5.1
Expense: Insurance	6259
Gross Scheduled Income	103380
Expense: Other	11100
Gross Adjusted Income	99245
Total Expenses	28750
Gross Rent Multiplier	14
Nwm_Totalmonthlyincome	8615
Vacancy Rate	4

$1.48M

Range: $1.14M-$1.82M

Last 30 days

Rental est.: $1,045/month

• Gross rent multiplier: 107.7

Lower your payment with the loan terms that fit you.

Sep 2021
MLS # 1765219
Sep 23, 2021 Sold
$800,000 (-42.7%)
Jul 27, 2021 Pending
—
Jun 22, 2021 Price Change
$1,395,000 (-6.7%)
Apr 28, 2021 Listed
$1,495,000 (+184.8%)
Apr 2008
MLS # 28019770
Apr 2, 2008 Sold
$525,000
Feb 1, 2008 Listed
$525,000

Year Property taxes Tax assessment
2025
$9,559 -2.1%

$1,085,690 -8.73%
2023
$9,768 +48.0%

$1,189,500 +64.98%
2022
$6,601 +0.4%

$721,000 +31.09%
2021
$6,576 +6.5%

$550,000
2020
$6,174 -3.8%

$550,000 +1.29%
2019
$6,420 -1.4%

$543,000
2018
$6,510 +26.8%

$543,000 +26.28%
2015
$5,133

$430,000

2524 Chestnut St
$1.35M
Riverside
$485K -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
2520 Chestnut St, Everett, WA 98201	$504,000	3/1	982	0.01
2530 Chestnut St, Everett, WA 98201	$572,000	3/1	1,513	0.01
2518 Chestnut St, Everett, WA 98201	$526,000	3/1	1,038	0.02
2521 Walnut St, Everett, WA 98201	$436,000	2/1	448	0.03
2523 Chestnut St, Everett, WA 98201	$507,000	3/1	1,167	0.03
2510 Chestnut St, Everett, WA 98201	$457,000	2/1	822	0.03
2525 Chestnut St, Everett, WA 98201	$473,000	3/1	866	0.03
3103 26th St, Everett, WA 98201	$506,000	3/1	960	0.03

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