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Property profile & analytics
OFF-MARKET
Estimated value
$14,150,000
Apartment buildings
1111 47th SE St Everett, WA 98203-2850
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1023164
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1991
Construction
WOOD
Total area
78,250 SF
Lot
2.36 ac (102,802 SF)
Zoning code
R-4
APN
29053100401400
UPID
US90-1023164
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Evergreen on 47 Apartments Apartment Complex
-
FREE CREDIT CHECK Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.15M
Owner & transaction history
Sv Latigo Partners LLC · 9 yrs held
Sv Latigo Partners LLC
since 2017
7 recorded transactions
Zoning & alternative use
R-4 · Everett, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,315,000
6.5%
$17,830,000
7%
$16,555,000
Blend value · Realmo final
$14.15M
Range $12.74M – $15.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$181 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$157,464
Tax year 2023
Assessed value
$19,175,500
Assessed 2023
Previous assessed
$17,121,000
+12.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$2,163,400
Assessed improvement
$17,012,100
Land market value
$2,163,400
Improvement market value
$17,012,100
Total market value
$19,175,500
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
4
Total area
78,250 SF
Lot
2.36 ac (102,802 SF)
Zoning code
R-4
APN
29053100401400
UPID
US90-1023164
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Everett, WAZoning R-4 · permitted uses
R-4 · Everett, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Lot
2.36 ac
Current owner
From public records · entity-resolved
Sv Latigo Partners LLC
Entity
Mailing address
433 SPREADING OAK DR, SCOTTS VALLEY, CA 95066-4610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2017
$15,950,000
Sv Latigo Partners LLC
Amfp III Evergreen Apartments
Grant Deed
$12,140,000 · Jones Lang Lasalle Multifamily
Jul 3, 2017
—
Sv Latigo Partners LLC
Amfp III Evergreen Apartments
Quit Claim Deed
related
—
Apr 16, 2015
—
Amfp III Evergreen Apartments
Evergreen G O LLC
Quit Claim Deed
related
—
Apr 15, 2015
$10,625,000
Amfp III Evergreen Apartments
Evergreen Go LLC
Grant Deed
—
Mar 15, 1999
$5,590,000
Orlo K Williams
Chung,thomas H & Rose C
Grant Deed
$812,468 · Seller
Jun 1, 1992
$4,470,000
Thomas H Chung
Unknown
Grant Deed
—
—
—
Evergreen G O LLC
—
Deed Of Trust
related
$5,000,000 · Industrial-alliance Pac Life I
—
—
Amfp III Evergreen Apartments
—
Deed Of Trust
related
$8,025,000 · Holliday Fenoglio Fowler
—
—
Evergreen G O LLC
—
Deed Of Trust
related
$4,450,000 · Washington Mutual Fsb
—
—
Evergreen Go LLC
—
Deed Of Trust
related
$5,150,000 · Industrial Alliance Pacific In
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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