Listed by Windermere Prof Partners, Bought with Keller Williams Rty Tacoma
NOT LISTED FOR SALE

1002 1004 7th Ave SE 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 November 17, 2017

Last sale price $632,500 $178 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,906/month

2 Days on Market

Highlights

  • Corner Lot
  • Patio
  • Property is in very good condition
  • Puyallup High School Rated A-
  • Ceramic Tile Flooring
  • Partially Fenced Property

About This Home

As of November 2017

Perfect opportunity to purchase a downtown Puyallup corner location complex that consists of two adjacent duplexes. Each 2 bedroom - 1 bath unit has upgraded kitchens and baths, plus washer dryer hook-ups. Single car attached garages for tenant convenience, individual patios and extra off street parking. Well maintained and with established, landscaped grounds. Room to increase rents and increase profitability. Close to downtown businesses and easy freeway access.

Last Agent to Sell the Property

Jane Nichols

Windermere Prof Partners License #1676 Listed on: 10/09/2017

Windermere Prof Partners

Last Buyer's Agent

Brian Thayer

Keller Williams Rty Tacoma License #72669

Keller Williams Rty Tacoma

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1200769

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,178

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

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 11 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Spinning Elementary School
  • Kalles Jnr High Middle School
  • Puyallup High School

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Frank R Spinnings Condos
  • Downtown Subdivision

Listing and Financial Details

  • Tax Lot 81
  • Assessor Parcel Number 784500-138-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,178

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
  • Building Name: Frank R Spinnings
  • New Construction: No
  • CalculatedSquareFootage: 3552
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • 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
  • 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: 4122

Schools

  • Junior High Dist: Puyallup
  • High School: Puyallup High
  • Middle Or Junior School: Kalles Jnr High

Lot Info

  • Parcel Number: 784500-138-3
  • Lot Size Acres: 0.4488
  • Lot Size Sq Ft: 19550
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: Public Records
  • ZoningClass: Multi-Family
  • LotNumber: 81

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3895

Multi Family

  • Gross Scheduled Income: 46740
  • Net Operating Income: 34579
  • Number Of Units Total: 4
  • Insurance Expense: 1458
  • Leasable Area: 3552
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 5178

MLS Schools

  • Elementary School: Spinning Elem

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

Closed on
Dec 16, 2020
Sold by
Puyallup4plex Llc
Bought by
D & D Elite Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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

Listed on
Oct 9, 2017
Closed on
Nov 15, 2017
Sold by
Dace Darlene F
Bought by
Leimback Jeffery L
Seller's Agent
Jane Nichols
Windermere Prof Partners
Buyer's Agent
Brian Thayer
Keller Williams Rty Tacoma
List Price
$625,000
Sold Price
$632,500
Premium/Discount to List
$7,500
1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
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
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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 $1,000,000
Closed Banwait Dalvir $719,000
Closed D & D Elite Properties Llc $500,000
Closed Banwait Dalvir $560,000
Previous Owner D & D Elit Properties Llc $520,000
Previous Owner D & D Elit Properties Llc $1,057,000
Previous Owner Leimback Jeffery L $632,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2017 11/17/17 Sold $632,500 +1.2% $178 / Sq Ft
10/12/2017 10/12/17 Pending -- -- --
10/09/2017 10/09/17 For Sale $625,000 -- $176 / 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: 1200769

Northwest Multiple Listing Service (NWMLS)

APN: 784500-1383