Listed by Keller Williams Rty Tacoma, Bought with RADIUS PROPERTIES
NOT LISTED FOR SALE

1002 1004 7th Ave SE Unit A&B Puyallup, WA 98372

Estimated Value: $909,000 - $1,082,000

8 Beds
4 Baths
3,552 Sq Ft
$276/Sq Ft Est. Value

Last Sold December 17, 2020

Last sale price $788,000 $222 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,860/month

2 Days on Market

Highlights

  • RV Access or Parking
  • Mountain View
  • Thermal Windows
  • Puyallup High School Rated A-
  • Corner Lot
  • Patio

About This Home

As of December 2020

Here is an investment opportunity that doesn't happen very often. 2 single level duplexes on one large lot, walking distance to downtown Puyallup! 2 units have been updated with new paint, carpet, tile flooring, tile shower enclosure just completed, newer windows, generous 1 car garages with plenty of on site parking/RV, Private fenced back yards ready for your new tenants /owner occupy with MIL? 1004 A&B rents are pro-forma at $1500 per door with a total 6.7% cap rate.

Last Agent to Sell the Property

Brian Thayer

Keller Williams Rty Tacoma License #72669 Listed on: 11/28/2020

Keller Williams Rty Tacoma

Last Buyer's Agent

Joseph Witt

RADIUS PROPERTIES License #18858

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1692806

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,111

Year Built

  • Built in 1976

Lot Details

  • 0.45 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,552 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Mountain Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 11 Parking Spaces
  • 4 Covered Spaces
  • Open Parking
  • RV Access or Parking

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7845001383

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,111

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3552
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 11
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Puyallup
  • WaterCompany: Puyallup
  • WaterSewerGarbage: 3700

Schools

  • Junior High Dist: Puyallup

Lot Info

  • Parcel Number: 7845001383
  • Lot Size Acres: 0.4488
  • Lot Size Sq Ft: 19550
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio,RV Parking
  • MLSLotSizeSource: Co Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 5400

Multi Family

  • Gross Scheduled Income: 64800
  • Net Operating Income: 49511
  • Number Of Units Total: 4
  • Insurance Expense: 2238
  • Leasable Area: 3552
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 6111

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
D & D Elite Properties Llc
Bought by
Banwait Dalvir and Banwait Darshana Lata
Current Estimated Value
$981,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 28, 2020
Closed on
Dec 16, 2020
Sold by
Puyallup4plex Llc
Bought by
D & D Elite Properties Llc
Seller's Agent
Brian Thayer
Keller Williams Rty Tacoma
Buyer's Agent
Joseph Witt
RADIUS PROPERTIES
List Price
$750,000
Sold Price
$788,000
Premium/Discount to List
$38,000
5.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.69%
Original Mortgage
$520,000
Interest Rate
2.67%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 30, 2018
Sold by
Leimback Jeffrey
Bought by
Puyallup4plex Llc

Purchase Details

Closed on
Nov 15, 2017
Sold by
Dace Darlene F
Bought by
Leimback Jeffery L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,500
Interest Rate
3.88%
Mortgage Type
VA

Purchase Details

Closed on
Mar 27, 2014
Sold by
Dace Darlene F
Bought by
Dace Darlene F and Revocable Trust Agreement Of Darlene F D
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Banwait Dalvir -- Ticor Title
D & D Elite Properties Llc -- Attorneys Title
Puyallup4plex Llc -- None Available
Leimback Jeffery L $632,219 Cw Title
Dace Darlene F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banwait Dalvir $560,000
Previous Owner Leimback Jeffery L $632,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2020 12/17/20 Sold $788,000 +5.1% $222 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
11/28/2020 11/28/20 For Sale $750,000 -- $211 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,094 $912,400 $274,500 $637,900
2024 $8,094 $893,700 $265,300 $628,400
2023 $8,094 $833,100 $257,000 $576,100
2022 $7,691 $789,400 $281,800 $507,600
2021 $6,657 $556,900 $177,400 $379,500
2019 $5,728 $514,900 $159,200 $355,700
2018 $5,178 $473,200 $145,400 $327,800
2017 $5,178 $421,100 $122,800 $298,300
2016 $4,523 $309,000 $84,400 $224,600
2014 $4,470 $300,400 $79,100 $221,300
2013 $4,470 $270,000 $67,800 $202,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1692806

Northwest Multiple Listing Service (NWMLS)

APN: 784500-1383