Listed by Ed Gillis • Keller Williams Realty Bothell. Bought with Keller Williams Realty Bothell.
Off Market Jan 2023 for $635K
$645,046
4
bd
•
2 ba
•
1,536
sq ft
2530 Cedar Rd, Lake Stevens, WA 98258
About this home
Opportunity unfolds in Lake Stevens… Rambler style Duplex with garages. Great Location just north of Lake Stevens (1 Block to Lake Stevens High School/walking). The lot is over 1/3 Acre (15,682 Sq.Ft.) with great options for extra parking or out-buildings. Gross rents over $4,000 per month. These units are 2 Bedrooms 1 bath with 12’ x 24’ finished garages that could be heated to add 288 Sq. Ft. to each unit. This basic duplex offers opportunities for “1st Time Buyer’s” and Investors. As a 1st time buyer, you can use rental income from 1 side to qualify for the mortgage with owner occupied rates. Showings by Appointment, Do not disturb tenants.
Multi-familyProperty Type
1989Year Built
0.36 acresLot Size
$420Est. Price/Sq.Ft.
8 spacesParking
Listed by Ed Gillis• Keller Williams Realty Bothell
Bought with Matt Dubas• Keller Williams Realty Bothell
*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
4
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
15,682
Year renovated
2023
Sq. Ft.
1,536
Year built
1989
Style
Multi-Family (2-4 Unit)
County
Snohomish County
APN
00385600600703
Parking Spaces
8
Basement
No
Accessible
No
HOA Dues
—
Garage
Yes
Features
—
Last updated by owner on Jan 11, 2024.
R6
Single-Family District
The R6 Single-Family district is designed primarily to accommodate single-family detached residential uses at medium densities of six to seven dwelling units per net buildable acre with the potential of some density bonuses. Some types of attached and accessory residences may be allowed.
Permitted uses
Include but are not limited to:
Healthcare
Housing-Single unit
Housing-Multiple units
Communications tower
Property details
Parking
Parking Information
Parking Uncovered Spaces: 6
Covered Spaces: 2
Parking Features: RV Parking
Open Parking Spaces: 6
Has Open Parking
Interior
Virtual Tour
Heating & Cooling
Has Heating
Interior Features
Interior Features: Laminate, Wall to Wall Carpet
Flooring: Laminate, Vinyl, Carpet
Multi-Family Financial Information
Insurance Expense: $498
Net Operating Income: $39,896
Gross Adjusted Income: 48660
Gross Scheduled Income: $48,660
Total Monthly Income: 4055
Gross Rent Multiplier: 12.84
Total Expenses: 8764
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 2
# of Units (Total): 2
Furnished: Unfurnished
Exterior
Building Information
Construction Methods: Standard Frame
Roof: Composition
Exterior Features
Exterior Features: Wood
Property Information
Energy Source: Electric
Style Code: 52 - Duplex
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Good
Land Information
Possible Use: Residential
Lot Information
MLS Lot Size Source: Per Snohomish County Records
Site Features: Cable TV,Fenced-Partially,High Speed Internet,RV Parking
Zoning Jurisdiction: City
Lot Features: Corner Lot, Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.36
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $4,786
Tax Year: 2022
Financial Information
Listing Terms: Cash Out, Conventional, FHA, VA Loan
Buyer Financing: Conventional
Utilities
Utility Information
Water Source: Public
Water Company: City of Lake Stevens
Power Company: Snohomish Co. PUD #1
Sewer: Sewer Connected
Sewer Company: City of Lake Stevens
Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
Water Sewer Garbage: 3480
Cable Connected: Xfinity
Internet Connected: Xfinity
Location
School Information
Elementary School: Sunnycrest Elem
Middle Or Junior High School: North Lake Mid
High School: Lake Stevens Snr Hig
High School District: Lake Stevens
Location Information
Directions: From Highway 9, go East on Lundeen. Take second exit on 1st round-about to continue on Lundeen. Take second exit on 2nd round-about Lakeview/20th St. NE, Left on Cedar. Property will be on the left.
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,536
Stories: 1.0
Parking Spaces: 8
Basement: No
Accessible: No
Lot Size: 0.36 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1989
Year Renovated: 2023
County: Snohomish County
APN: 00385600600703
HOA Dues: —
Garage: Yes
Features: —
Home facts updated by owner on Jan 11, 2024
Other
Listing Information
Mls Status: Sold
Listing Date Information
Offers Review Date: Tuesday, December 6, 2022
On Market Date: Friday, November 11, 2022
Green Information
Power Production Type: Electric
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 1536
Building Area Total: 1536
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Structure Type: Duplex
Stories Total: 1
Around this home
Schools
Highland Elementary School
Public PreK-5 • Assigned • 0.5mi
7/10
North Lake Middle School
Public 6-7 • Assigned • 0.9mi
7/10
Lake Stevens Senior High School
Public 10-12 • Assigned • 0.3mi
9/10
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
2/10 Heat Factor
7 days above 86° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Lake Stevens, WA • 98258
Average low and high temperatures (°F)
46
33
47
34
53
38
60
40
65
46
71
50
77
53
77
56
70
52
59
44
51
41
48
39
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.2 hours in
June and 1.7 hours in December, placing it below the
U.S. average for solar exposure.
8.2 hrs
1.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$613,000 – $742,000
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