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

Estimated Value: $688,000 - $820,000

4 Beds
3 Baths
2,426 Sq Ft
$315/Sq Ft Est. Value

Last Sold January 15, 2020

Last sale price $525,000 $216 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,607/month

4 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • Cul-De-Sac
  • Steilacoom High School Rated A-
  • Thermal Windows
  • High Speed Internet

About This Home

As of January 2020

Rare opportunity to invest in real estate! 2 story duplex,vaulted ceilings, beautiful millwork, gas fireplace, lg 2 car garage each side on almost half acre. Owner occupy/ have the other side pay half the mortgage! Upside to this investment to increase rents to market value, add extra dwelling/ add bedrooms, septic is designed/ 6 bedrooms. Walking distance to Ft Steilacoom park & Pierce College. Buyer to verify all information.Separate water/gas meters,Cap rate is projected,current rent $1250

Last Agent to Sell the Property

Brian Thayer

Keller Williams Rty Tacoma License #72669 Listed on: 11/23/2019

Keller Williams Rty Tacoma

Last Buyer's Agent

Earnest Watts

Redfin License #26742

Redfin

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1543762

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,191

Year Built

  • Built in 1994

Lot Details

  • 0.44 Acre Lot
  • Cul-De-Sac
  • Partially Fenced Property
  • Sprinkler System
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Stone Siding
  • Wood Composite

Interior Spaces

  • 2,426 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

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

Outdoor Features

  • Deck

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 775500-068-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,191

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1994
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2426
  • Special Features: None
  • Cumulative Days on Market: 349

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Curbs, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Stone, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Septic System, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Lakewood
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Clover Park

Lot Info

  • Parcel Number: 775500-068-9
  • Lot Size Acres: 0.4388
  • Lot Size Sq Ft: 19112
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,RV Parking,Sprinkler System
  • MLSLotSizeSource: Co Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3200

Multi Family

  • Gross Scheduled Income: 38400
  • Net Operating Income: 31441
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 2426
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5191

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2019
Closed on
Jan 8, 2020
Sold by
Heslop Marylee
Bought by
Switzer Michael S and Switzer Nastassia
Seller's Agent
Brian Thayer
Keller Williams Rty Tacoma
Buyer's Agent
Earnest Watts
Redfin
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$763,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,878
Avg. Annual Appreciation
6.67%
Original Mortgage
$537,075
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Closed on
Dec 2, 2015
Sold by
Heslop Ronald D
Bought by
Heslop Marylee

Purchase Details

Closed on
Jun 24, 2014
Sold by
Redman John E
Bought by
Heslop Marylee and Heslop Ronald D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,400
Interest Rate
4.09%
Mortgage Type
New Conventional
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
Switzer Michael S $525,000 Attorneys Title
Heslop Marylee -- None Available
Heslop Marylee $319,719 Attorneys Title Of Washingto
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Switzer Michael S $534,462
Closed Switzer Michael S $537,075
Previous Owner Heslop Marylee $226,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2020 01/15/20 Sold $525,000 0.0% $216 / Sq Ft
11/27/2019 11/27/19 Pending -- -- --
11/23/2019 11/23/19 For Sale $525,000 -- $216 / 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 $6,637 $767,100 $258,000 $509,100
2024 $6,637 $681,500 $238,300 $443,200
2023 $6,637 $637,900 $252,700 $385,200
2022 $6,489 $648,800 $260,500 $388,300
2021 $5,847 $448,100 $176,900 $271,200
2019 $5,191 $419,000 $157,900 $261,100
2018 $4,211 $401,300 $140,500 $260,800
2017 $4,211 $338,900 $104,200 $234,700
2016 $3,924 $267,400 $81,600 $185,800
2014 $4,131 $260,900 $75,200 $185,700
2013 $4,131 $245,300 $76,900 $168,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1543762

Northwest Multiple Listing Service (NWMLS)

APN: 775500-0689