This is a unique opportunity to develop multi-unit housing right across from Skagit Valley College. The property currently has three houses that generate rental income, while you can plan the property's highest and best use. The city of Mt. Vernon encourages the development of multi-story units, retail spaces, and mixed-use buildings such as apartments. There is a sewer line located across the back third of the property.
Sold
Listed by: Brown McMillen Real Estate • Ron L Wortham
Bought with: Brown McMillen Real Estate
$800,000
2302 E College Way, Mount Vernon, WA 98274
--beds
--baths
--sqft
Multi Family
Built in 1956
-- sqft lot
$639,700 Zestimate®
$--/sqft
$1,933 Estimated rent
Home value
$639,700
$550,000 - $736,000
$1,933/mo
Zestimate® history
Owner options
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$1,933/mo
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$1,933/mo
Rent Zestimate®
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$4,801/mo
Est. payment
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$4,801/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Ron L Wortham,
Brown McMillen Real Estate
Bought with:
Ron L Wortham, 21397
Brown McMillen Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2227916
Facts & features
Interior
Heating
- Baseboard, Forced Air, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Laminate, Vinyl
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 1.45 Acres
- Features: Paved, Gas Available
Details
- Parcel number: P24953
- Zoning description: Business,Multi-Family,Residential,See Remarks,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Average
- Year built: 1956
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Mount Vernon
- Water: Public, Company: PUD
Green energy
- Energy efficient items: Thermal Windows
Community & HOA
Community
- Subdivision: Mount Vernon
Location
- Region: Mount Vernon
Financial & listing details
- Tax assessed value: $448,100
- Annual tax amount: $12,903
- Date on market: 2/4/2025
- Cumulative days on market: 417 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2025 | Sold | $800,000-8.6% |
Source:  NWMLS as distributed by MLS GRID #2227916 Report a problem | ||
| 5/17/2025 | Pending sale | $875,000 |
Source: NWMLS as distributed by MLS GRID #2227916 Report a problem | ||
| 5/2/2025 | Price change | $875,000-27.1% |
Source: NWMLS as distributed by MLS GRID #2227916 Report a problem | ||
| 3/19/2025 | Pending sale | $1,200,000 |
Source: NWMLS as distributed by MLS GRID #2227916 Report a problem | ||
| 2/12/2025 | Listed for sale | $1,200,000 |
Source: NWMLS as distributed by MLS GRID #2227916 Report a problem | ||
| 10/9/2024 | Pending sale | $1,200,000 |
Source: NWMLS as distributed by MLS GRID #2227916 Report a problem | ||
| 7/16/2024 | Price change | $1,200,000-17.2% |
Source: NWMLS as distributed by MLS GRID #2227916 Report a problem | ||
| 4/25/2024 | Listed for sale | $1,450,000 |
Source: NWMLS as distributed by MLS GRID #2227916 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,745 +15.9% | $448,100 +12% |
| 2023 | $4,093 +1.4% | $400,100 +2.7% |
| 2022 | $4,035 | $389,400 +23.1% |
| 2021 | -- | $316,400 +15% |
| 2020 | $3,330 +24.6% | $275,100 +7.2% |
| 2019 | $2,673 -12.4% | $256,600 +9.9% |
| 2018 | $3,051 +15.1% | $233,500 +13.8% |
| 2017 | $2,652 +7.5% | $205,100 +14.1% |
| 2016 | $2,466 +26.8% | $179,800 +8.6% |
| 2015 | $1,944 +0.5% | $165,600 +31.6% |
| 2013 | $1,934 | $125,800 |
| 2012 | $1,934 -0.3% | $125,800 -5.1% |
| 2011 | $1,941 | $132,600 -11.5% |
| 2010 | $1,941 -3.6% | $149,900 -15.6% |
| 2009 | $2,013 +4.9% | $177,700 |
| 2008 | $1,919 | $177,700 |
| 2007 | $1,919 +32.5% | $177,700 +67.6% |
| 2003 | $1,448 -1.1% | $106,000 |
| 2002 | $1,463 +2.3% | $106,000 |
| 2001 | $1,430 +9.3% | $106,000 |
| 2000 | $1,308 | $106,000 |
Find assessor info on the county website
Neighborhood: Kulshan Creek
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Nearby schools
GreatSchools rating
- 3/10Harriet RowleyGrades: K-5Distance: 1.9 mi
- 3/10Mount Baker Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Mount Vernon High SchoolGrades: 9-12Distance: 1.1 mi
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- Washington
- Skagit County
- Mount Vernon
- 98273
- Kulshan Creek
- 2302 E College Way
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