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

4220 Colby Ave, Everett, WA 98203

$2,873,000

Last sold 07/10/2015 for $537K

—
bed
—
bath
5,000
Sqft ($107/Sqft)

House not for sale

About 4220 Colby Ave

Property type House

Neighborhood

Year built 1905

HOA fee $0/month

Lot size 0.31 Acre

Movoto estimate

Property description

Investor alert: good income generation and development opportunities. Excellent opportunity to own this 9-unit building close to all commercial areas and to the upcoming Everett WaterFront project. Recent upgrade ($110,000) includes new roof, electrical, windows, alarm system, stairway and interior of all units . Fully rented to long-term tenants. Good CAP rate. Seller had approved plans for a four additional townhomes (Geo Tech, boundary survey).

Listed by

Listing Agent - Alan Nguyen

Listing Office - Pacific Dream Home Realty

Source: NWMLS

MLS#766506 • last updated 2 years ago

Movoto checked NWMLS for data 14 minutes ago

Overview
Levels/Style	Multi Family
MLS #	766506
SubType	Multi-Family
Type	Residential Income
SqFt	5000
Status	Sold
Lot Size (SqFt)	13504
Lot Size (Acres)	0.31
Property Tax	6280
Buying Office	The Cascade Team
Year Built	1905
Buying Office Phone	425-313-4752
HOA Fee	Annually, 0
Condition	Good

Interior

Exterior
Foundation	Poured Concrete
Roof	Composition
# Open Parking Spaces	12
# Parking Spaces	12
# Uncovered Spaces	12
Exterior Features	Metal/Vinyl

Amenities / Utilities
Sewer/ Septic	Available
Water	Public
Power Production: Type	Electric, Natural Gas

Location
County	Snohomish
Subdivision	Everett
Area	740 - Everett/Mukilteo
High School District	Everett
APN	582202100600
Zoning	Multi-Family

Multifamily Details
Net Operating Income	36059
Capitalization Rate	6.56
Expense: Insurance	1200
Expense: Electricity	1200
Gross Scheduled Income	37184
Expense: Fuel	1200
Expense: Other	600
Gross Adjusted Income	55096
Total Expenses	19036
Gross Rent Multiplier	10
Nwm_Totalmonthlyincome	5560
Vacancy Rate	2

Lot/ Land Details
Site Features	Deck

$2.87M

Range: $2.01M-$3.73M

Last 30 days

Rental est.: $1,409/month

• Gross rent multiplier: 31.8

Lower your payment with the loan terms that fit you.

Jul 2015
Public Records
Jul 10, 2015 Sold
$537,000
Jul 2015
MLS # 766506
Jul 10, 2015 Sold
$537,000 (-2.2%)
Jun 2, 2015 Pending
—
Apr 5, 2015 Listed
$549,000
Apr 4, 2015 Listed
$549,000 (-4.5%)
Oct 2014
MLS # 700085
Oct 30, 2014 Price Change
$575,000 (-3.4%)
Sep 24, 2014 Listed
$595,000 (+30.7%)
Dec 2005
Public Records
Dec 29, 2005 Sold
$455,280

Year Property taxes Tax assessment
2025
$24,666 +8.5%

$2,920,100 +5.48%
2023
$22,734 +0.4%

$2,768,500 +11.99%
2022
$22,633 +6.3%

$2,472,000 +63.06%
2021
$21,297 +25.1%

$1,516,000
2020
$17,017 +108.7%

$1,516,000 +126.27%
2018
$8,153 +14.9%

$670,000 +12.04%
2015
$7,095

$598,000

4220 Colby Ave
$537K
Glacier View
$600K -4% y/y
98203
$575K -14% y/y
Everett
$519K -12% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
4205 Hoyt Ave, Everett, WA 98203	$559,000	2/1	1,408	0.05
1512 42nd St Se, Everett, WA 98203	$424,000	2/1	834	0.05
4202 Colby Ave, Everett, WA 98203	$585,000	3/1	1,478	0.05
4201 Hoyt Ave, Everett, WA 98203	$495,000	2/1	1,204	0.06
4126 Colby Ave, Everett, WA 98203	$455,000	2/1	982	0.08
4315 Hoyt Ave, Everett, WA 98203	$553,000	3/1	1,303	0.08
4127 Hoyt Ave, Everett, WA 98203	$370,000	3/1	1,070	0.08
4124 Colby Ave, Everett, WA 98203	$482,000	2/1	1,105	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.