8201 244th Street SW Edmonds, WA 98020

Pending

$4,350,000

Market Estimate

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0 Beds
0 Baths
18,048 sq. ft.
Multi-Family
Listing# 1696333

Listing provided courtesy of: Westlake Associates, Inc.

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Views: 30 Days On Site: 90

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Property Details

Description Tours

The Village Apartments is a 28 unit apartment located in Edmonds. This is a rare opportunity with significant upside. Market cap rate of 6.75%. Double pane windows, and a newer roof. Most unit have been turned in the past 5 years and the building has a heavy concentration of 1 bedrooms.

General Features
- County Or Parish Snohomish
- Furnished Unfurnished
- Leasable Area 18040
- Leasable Area Units Square feet
- MLS Area Major 730 - Southwest Snohom
- New Construction Y/N No
- Property Sub Type Multi-Family
- Special Listing Conditions None
- Style Code 56 - 10+ Units
- Subdivision Name Firdale
- Tax Annual Amount 28580
- Tax Year 2020
- Year Built 1958
Building Features
- Building Area Total 18048
- Building Area Units Square feet
- Exterior Features Brick, Stucco
- Foundation Details Poured Concrete
- Heating Y/N Yes
- Living Area 0
- Living Area Units Square feet
- Roof Flat
Property Features
- Carport Spaces 0
- Carport Y/N No
- Covered Spaces 0
- Irrigation Water Rights Y/N No
- Lot Size Acres 0.45
- Lot Size Square Feet 19602
- Lot Size Units Square feet
- Open Parking Spaces 25
- Open Parking Y/N Yes
- Parking Total 25
- Sewer Sewer Connected
- Utilities Sewer Connected,Electricity Available
- View Y/N No
- Waterfront Y/N No
Schools
- High School District Edmonds

Contact

Neighborhood

98020 (Edmonds) Demographics

49 Median Age

3,866 Population Density (per sq. mile)

63% College Educated

$85,625 Estimated Median Income

6,351 Estimated Total Home Owners

2,179 Estimated Total Renters

74% / 26% Estimated Owner / Renter Divide

2 Estimated Average Household Size

19,996 Total Population

Community data courtesy of LiveBy, Inc.

Schools Near Here

Elementary Schools

Public Chase Lake Elementary

Grades: KG - 6
Enrollment: 387

Public Edmonds Elementary

Grades: KG - 6
Enrollment: 350

Public Edmonds Heights K-12

Grades: KG - 12
Enrollment: 538

Private Holy Rosary School

Grades: 2 - 13
Enrollment: 232

Public Lynndale Elementary

Grades: KG - 6
Enrollment: 401

Public Madrona Nongraded

Grades: PK - 8
Enrollment: 638

Public Maplewood Center

Grades: KG - 12
Enrollment: 34

Public Sherwood Elementary

Grades: KG - 6
Enrollment: 476

Public Westgate Elementary

Grades: KG - 6
Enrollment: 483

Middle Schools

Public Chase Lake Elementary

Grades: KG - 6
Enrollment: 387

Public Edmonds Elementary

Grades: KG - 6
Enrollment: 350

Public Edmonds Heights K-12

Grades: KG - 12
Enrollment: 538

Private Holy Rosary School

Grades: 2 - 13
Enrollment: 232

Public Lynndale Elementary

Grades: KG - 6
Enrollment: 401

Public Madrona Nongraded

Grades: PK - 8
Enrollment: 638

Public Maplewood Center

Grades: KG - 12
Enrollment: 34

Public Sherwood Elementary

Grades: KG - 6
Enrollment: 476

Private Stella Maris Academy

Grades: 6 - 14
Enrollment: 15

Public Westgate Elementary

Grades: KG - 6
Enrollment: 483

High Schools

Public Edmonds Heights K-12

Grades: KG - 12
Enrollment: 538

Private Holy Rosary School

Grades: 2 - 13
Enrollment: 232

Public Maplewood Center

Grades: KG - 12
Enrollment: 34

Public Scriber Lake High School

Grades: 9 - 12
Enrollment: 264

Private Stella Maris Academy

Grades: 6 - 14
Enrollment: 15

School data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$816,000 Median Sales Price

31 Homes Sold

30 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source	New Value: $4,350,000
2/26/2021 6:32:30 PM	Status Changed Source	New Value: Pending
2/10/2021 3:02:01 PM	Price Reduced Source	New Value: $4,350,000	-3.33%
2/10/2021 3:02:01 PM	Status Changed Source	New Value: Active
1/21/2021 10:47:09 AM	Status Changed Source	New Value: Pending
12/8/2020 1:02:00 AM	New in Database Source	New Value: $4,500,000

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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2021. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.