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

6920 Lower Ridge Rd, Everett, WA 98203

$688,000

Last sold 09/21/2020 for $535K

—
bed
—
bath
1,832
Sqft ($292/Sqft)

House not for sale

About 6920 Lower Ridge Rd

Property type House

Neighborhood

Year built 1979

HOA fee $0/month

Lot size 10,454 Sqft

Movoto estimate

Property description

Excellent investment opportunity for rental income. Two indentical/opposite units side x side sit back on private long driveway, separate yard for each unit. 2-story floor-ceiling window - natural light, feels like home! Garage + uncovered parking. Long term (7+ yrs) tenant (month-to-month) in Unit A, friendly, pays on time & would like to stay. Everett is rapidly growing and appreciating. High demand rental market, close to bus, schools & shopping, a few short minutes to new Airport and Boeing.

Listed by

Listing Agent - Steven C. Colony

Listing Office - KW North Sound

Source: NWMLS

MLS#1632475 • last updated 2 years ago

Movoto checked NWMLS for data 11 minutes ago

Overview
Levels/Style	Duplex
MLS #	1632475
SubType	Multi-Family
Type	Residential Income
SqFt	1832
Status	Sold
Lot Size (SqFt)	10454
Lot Size (Acres)	0.24
Property Tax	3479
Buying Office	Sound Realty Group Inc
Year Built	1979
Buying Office Phone	206-926-3701
HOA Fee	Annually, 0
Condition	Average

Interior
Interior Features	Wall To Wall Carpet

Exterior
Foundation	Poured Concrete
Roof	Composition
# Open Parking Spaces	2
# Covered Spaces	2
# Parking Spaces	4
# Uncovered Spaces	2
Exterior Features	Wood

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

Location
View	Territorial
County	Snohomish
Subdivision	South Everett
Area	740 - Everett/Mukilteo
Elementary School	Buyer To Verify
Middle School	Buyer To Verify
High School District	Everett
High School	Buyer To Verify
APN	392000003406
Zoning	Multi-Family

Multifamily Details
Net Operating Income	30334
Capitalization Rate	5.67
Expense: Insurance	897
Gross Scheduled Income	37200
Gross Adjusted Income	36270
Total Expenses	5936
Gross Rent Multiplier	14
Vacancy Rate	3

Lot/ Land Details
Site Features	Cable TV, High Speed Internet

$688K

Range: $571K-$804K

Last 30 days

Rental est.: $1,409/month

• Gross rent multiplier: 31.6

Lower your payment with the loan terms that fit you.

Sep 2020
Public Records
Sep 22, 2020 Sold
$535,000
Sep 2020
MLS # 1632475
Sep 21, 2020 Sold
$535,000
Jul 21, 2020 Pending
—
Jul 17, 2020 Listed
$535,000

Year Property taxes Tax assessment
2025
$5,100 +2.8%

$552,200 -8.44%
2023
$4,963 +15.7%

$603,100 +28.95%
2022
$4,290 +16.1%

$467,700 +33.74%
2021
$3,696 -6.0%

$349,700
2020
$3,933 +13.1%

$349,700 +12.34%
2019
$3,479 -0.9%

$311,300
2018
$3,511 +14.8%

$311,300 +13.61%
2015
$3,059

$274,000

6920 Lower Ridge Rd
$535K
Evergreen
$302K +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
6922 Lower Ridge Rd, Everett, WA 98203	$613,000	3/1	1,232	0.01
6828 Lower Ridge Rd, Everett, WA 98203	$698,000	3/1	1,645	0.02
6930 Lower Ridge Rd, Everett, WA 98203	$593,000	3/1	1,170	0.02
6824 Lower Ridge Rd, Everett, WA 98203	$688,000	3/2	1,619	0.03
6911 Lower Ridge Rd, Everett, WA 98203	$604,000	3/1	864	0.03
6901 Lower Ridge Rd, Everett, WA 98203	$561,000	3/1	950	0.04
6820 Lower Ridge Rd, Everett, WA 98203	$529,000	4/2	717	0.04
6925 Lower Ridge Rd, Everett, WA 98203	$621,000	2/1	1,191	0.04

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