OFF MARKET

Listed by Teresa Shea • Champions Real Estate. Bought with Windermere R.E. Northeast, Inc.

Off market jun 2019 for $1M

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Est. refi paymentEst. refi $6,853/mo

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•

— ba

•

3,384

sq ft

551 Elm Way, Edmonds, WA 98020

About this home

Multi-familyProperty Type

1967Year Built

6,970 sq ftLot Size

$318Price/Sq.Ft.

4 spacesParking

Listed by Teresa Shea • Champions Real Estate

Bought with Jennifer Reyer • Windermere R.E. Northeast, Inc

Redfin checked: 3 minutes ago

•Source:NWMLS as Distributed by MLS Grid #1441821

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 98020, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.9%

0.8% MoM

Median sale price

$1.2M

$13K MoM

Avg. days on market

16d

3 days MoM

Recently sold homes

12 MoM

New listings for sale

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Jenny Wilson • Windermere Real Estate GH LLC
OPEN TODAY, 11AM TO 2PM
$2,950,000
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$1,525,000
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OPEN TODAY, 1PM TO 3PM
$1,595,000
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Terry Vehrs • Windermere Real Estate/M2, LLC
OPEN TODAY, 11AM TO 1PM
$1,200,000
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Chelsea Brown • Windermere Real Estate/M2, LLC
$825,000
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Chuck Gerchow • HomeSmart One Realty
$1,950,000
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Andy Keating • Windermere Real Estate Central
OPEN TODAY, 2:30PM TO 4:30PM
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Adam Cobb • Windermere Real Estate GH LLC
$1,799,000
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Adam Cobb • Windermere Real Estate GH LLC
See all

Provided by Redfin

Sale history for 551 Elm Way

Date

Event

Price

Jun 16, 2019

Sold (MLS) (Sold)

NWMLS as Distributed by MLS Grid #1441821

$1,077,000

$318/sq ft

Apr 28, 2019

Pending

NWMLS as Distributed by MLS Grid #1441821

—

Apr 23, 2019

Relisted (Active)

NWMLS as Distributed by MLS Grid #1441821

—

Apr 23, 2019

Delisted (Expired)

NWMLS as Distributed by MLS Grid #1441821

—

Apr 17, 2019

Listed (Active)

NWMLS as Distributed by MLS Grid #1441821

$950,000

$281/sq ft

Jul 15, 1992

Sold

Public Records

$255,000

$75/sq ft

Mar 23, 1990

Sold

Public Records

$290,000

$86/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$9,706 (+13.0%)

$681,000 + $527,800

$1,208,800

2025

$8,591 (+1.1%)

$681,000 + $527,800

$1,208,800

2024

$8,495 (−1.9%)

$681,000 + $511,600

$1,192,600

2023

$8,663 (−9.1%)

$681,000 + $579,300

$1,260,300

2022

$9,535 (+9.1%)

$544,000 + $596,800

$1,140,800

2021

$8,738 (+22.6%)

$544,000 + $512,200

$1,056,200

2020

$7,128 (+49.5%)

$544,000 + $512,200

$1,056,200

2019

$4,767 (−3.5%)

$469,000 + $293,500

$762,500

2018

$4,938 (+1,230.9%)

$295,800 + $87,200

$383,000

2017

$371 (−1.3%)

$295,800 + $87,200

$383,000

2016

$376 (−6.2%)

$295,800 + $87,200

$383,000

2015

$401 (−90.7%)

$238,000 + $113,000

$351,000

2014

$4,315 (+878.7%)

$238,000 + $113,000

$351,000

2013

$441 (+4.1%)

$238,000 + $150,000

$388,000

2012

$423 (+9.4%)

$266,000 + $122,000

$388,000

2011

$387 (+9.4%)

$294,000 + $127,500

$421,500

2010

$354

$406,100 + $145,400

$551,500

2009

$354

$406,100 + $145,400

$551,500

Tax history for 551 Elm Way

Year

Property tax

Land + Additions

Assessment*

2026

$9,706 (+13.0%)

$681,000 + $527,800

$1,208,800

2025

$8,591 (+1.1%)

$681,000 + $527,800

$1,208,800

2024

$8,495 (−1.9%)

$681,000 + $511,600

$1,192,600

2023

$8,663 (−9.1%)

$681,000 + $579,300

$1,260,300

2022

$9,535 (+9.1%)

$544,000 + $596,800

$1,140,800

2021

$8,738 (+22.6%)

$544,000 + $512,200

$1,056,200

2020

$7,128 (+49.5%)

$544,000 + $512,200

$1,056,200

2019

$4,767 (−3.5%)

$469,000 + $293,500

$762,500

2018

$4,938 (+1,230.9%)

$295,800 + $87,200

$383,000

2017

$371 (−1.3%)

$295,800 + $87,200

$383,000

2016

$376 (−6.2%)

$295,800 + $87,200

$383,000

2015

$401 (−90.7%)

$238,000 + $113,000

$351,000

2014

$4,315 (+878.7%)

$238,000 + $113,000

$351,000

2013

$441 (+4.1%)

$238,000 + $150,000

$388,000

2012

$423 (+9.4%)

$266,000 + $122,000

$388,000

2011

$387 (+9.4%)

$294,000 + $127,500

$421,500

2010

$354

$406,100 + $145,400

$551,500

2009

$354

$406,100 + $145,400

$551,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

6,970 Sq. Ft.

Year renovated

1975

Sq. Ft.

3,384

Year built

1967

Style

Multi-Family (2-4 Unit)

County

Snohomish County

APN

00472200000800

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 5, 2026.

RM-1.5

Multiple Residential Zone

The RM zone has the following specific purposes in addition to the general purposes for residential zones; To reserve and regulate areas for a variety of housing types, and a range of greater densities than are available in the middle housing residential zones, while still maintaining a residential environment; To provide for those additional uses which complement and are compatible with multiple residential uses.

Permitted uses

Include but are not limited to:

Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Public service
Educational/school
Park & open space

Property details

Parking

Parking Information
Parking Uncovered Spaces: 2
Covered Spaces: 2
Open Parking Spaces: 2
Has Open Parking

Interior

Heating & Cooling
Has Heating

Multi-Family Financial Information
Electric Expense: $202
Insurance Expense: $1,056
Other Expense: $1,400
Gross Adjusted Income: 8964
Gross Scheduled Income: $17,075
Total Monthly Income: 1750
Gross Rent Multiplier: 0
Total Expenses: 8771

Multi-Unit Information
Units Below Grade: true
Units In Building Total: 3
# of Units (Total): 3
Furnished: Unfurnished

Exterior

Building Information
Roof: Flat, Metal

Exterior Features
Exterior Features: Wood Products

Property Information
Style Code: 53 - Tri-plex
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Average
Has View

Lot Information
MLS Lot Size Source: Public Records
Site Features: Cable TV,Deck,Fenced-Fully,Patio
Zoning Jurisdiction: City
Lot Features: Curbs, Paved, Sidewalk
Lot Size Units: Square Feet
Lot Size Acres: 0.16
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $4,767
Tax Year: 2018

Financial Information
Listing Terms: Cash Out, Conventional, FHA
Buyer Financing: Conventional

Utilities

Utility Information
Sewer: Sewer Connected
Utilities: Cable Connected, Sewer Connected, Electric
Water Sewer Garbage: 2732

Location

School Information
Elementary School: Buyer To Verify
Middle Or Junior High School: Buyer To Verify
High School: Buyer To Verify
High School District: Edmonds

Location Information
Directions: Head North on main street, turn left on Pine, Head to 5th go right to Elm Way go Left and triplex is on the left

Public facts

Beds: 5
Baths: 4.0
Sq. Ft.: 3,384
Stories: 2.0
Lot Size: 6,970 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1967
Year Renovated: 1975
County: Snohomish County
APN: 00472200000800

Home facts updated by county records on Oct 5, 2026

Other

Listing Information
Mls Status: Sold

Listing Date Information
Offers Review Date: Monday, April 22, 2019
On Market Date: Wednesday, April 17, 2019

Green Information
Power Production Type: Electric

Home Information
Living Area Units: Square Feet
Calculated Square Footage: 3384
Building Area Total: 3384
Building Area Units: Square Feet
Year Built Effective: 1967
Effective Year Built Source: Public Records
Structure Type: Triplex
Stories Total: 3

Around this home

Schools

Sherwood Elementary School

Public K-6 • Assigned • 0.7mi

9/10

College Place Middle School

Public 7-8 • Assigned • 2.1mi

4/10

Edmonds Woodway High School

Public 9-12 • Assigned • 1.8mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 86° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

8 unhealthy days expected this year, 9 days in 30 years

Provided by First Street

Historical weather

Edmonds, WA • 98020

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.6 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.6 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

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