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

500 Date Ave, Sultan, WA 98294

$529,000

Last sold 04/30/2021 for $437K

—
bed
—
bath
2,040
Sqft ($214/Sqft)

House not for sale

About 500 Date Ave

Property type House

Neighborhood

Year built 1989

HOA fee $0/month

Lot size 8,276 Sqft

Movoto estimate

Property description

Well-constructed Duplex in Downtown Sultan. Each unit is fully fenced and was built by owner as a long-term investment (first time on the market!). It could make a great opportunity to own your own home while receiving income from the other unit and building equity simultaneously. Each is a 2 bed/ 1 bath unit with one car garage. New outside paint. Walking distance to bus stop, schools, library, post office, restaurants, parks and even a river boat launch. Solid 4.55% cap rate at current rents (potentially 5.85% cap rate based on market rent). The triplex next door is also for sale (MLS #1744731).

Listed by

Listing Agent - Carlos Dibaldi

Listing Office - Radius Properties

Source: NWMLS

MLS#1744728 • last updated 2 years ago

Movoto checked NWMLS for data 10 minutes ago

Overview
Levels/Style	Duplex
MLS #	1744728
SubType	Multi-Family
Type	Residential Income
SqFt	2040
Status	Sold
Lot Size (SqFt)	8276
Lot Size (Acres)	0.19
Property Tax	3695
Buying Office	HomeSmart Real Estate Assoc
Year Built	1989
Buying Office Phone	206-523-7653
Condition	Good

Interior

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

Amenities / Utilities
Sewer/ Septic	Sewer Connected, City Of Sultan
Water	Public
Water Company	City Of Sultan
Power Company	Snohomish County PUD
Power Production: Type	Electric
Security Features	PartiallyFenced

Location
County	Snohomish
Subdivision	Sultan
Area	750 - East Snohomish County
Elementary School	Sultan Elem
Middle School	Sultan Mid
High School District	Sultan
High School	Sultan Snr High
APN	28083200311400
Directions	East On Highway 2 Towards Sultan. Left On 4th Street And Right On Date. Duplex Is Right Across Elementary School Before 5th Place.
Zoning	Multi-Family, See Remarks

Multifamily Details
Net Operating Income	19420
Capitalization Rate	4.57
Expense: Insurance	993
Gross Scheduled Income	25800
Gross Adjusted Income	19420
Total Expenses	5090
Gross Rent Multiplier	16
Nwm_Totalmonthlyincome	2150
Vacancy Rate	5

Lot/ Land Details
Site Features	Fenced-Fully, Patio

$529K

Range: $412K-$645K

Last 30 days

Rental est.: $2,463/month

• Gross rent multiplier: 14.8

Lower your payment with the loan terms that fit you.

May 2021
Public Records
May 3, 2021 Sold
$437,000
Apr 2021
MLS # 1746816
Apr 30, 2021 Sold
$437,000
Mar 31, 2021 Pending
—
Mar 19, 2021 Listed
$425,000
Apr 2021
MLS # 1744728
Apr 30, 2021 Sold
$437,000 (+2.8%)
Mar 31, 2021 Pending
—
Mar 19, 2021 Listed
$425,000

Year Property taxes Tax assessment
2025
$4,704 +15.1%

$498,900 -4.48%
2023
$4,088 +7.1%

$522,300 +24.68%
2022
$3,819 +3.4%

$418,900 +18.67%
2021
$3,695 +4.4%

$353,000
2020
$3,538 +18.6%

$353,000 +14.13%
2019
$2,983 -13.2%

$309,300
2018
$3,438 +43.1%

$309,300 +43.46%
2015
$2,402

$215,600

500 Date Ave
$437K
750 - East Snohomish County
—
98294
$549K -3% y/y
Sultan
$554K -2% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
408 Date Ave, Sultan, WA 98294	$324,000	1/1	540	0.02
409 5th Pl, Sultan, WA 98294	$553,000	3/2	1,506	0.02
413 Cedar St, Sultan, WA 98294	$539,000	3/1	1,632	0.03
405 5th Pl, Sultan, WA 98294	$525,000	3/2	1,225	0.03
406 Date Ave, Sultan, WA 98294	$496,000	4/2	1,652	0.03
409 Cedar St, Sultan, WA 98294	$464,000	3/2	1,016	0.03
403 5th Pl, Sultan, WA 98294	$534,000	3/2	1,314	0.04
400 Date Ave, Sultan, WA 98294	$498,000	2/2	1,248	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.