Listed by RE/MAX Advantage, Bought with John L. Scott Lacey
NOT LISTED FOR SALE

10024 Farwest Dr SW Lakewood, WA 98498

Estimated Value: $592,172 - $726,000

4 Beds
3 Baths
2,072 Sq Ft
$305/Sq Ft Est. Value

Last Sold July 28, 2022

Last sale price $540,000 $261 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,903/month

18 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • Wall to Wall Carpet
  • Property is Fully Fenced

About This Home

As of July 2022

Great opportunity to own this well maintained 2 story townhome style side by side duplex. Good rental history with zero vacancy and tenants who prefer to stay! Each home has 2 bedrooms, living room, dining room, kitchen and a 1 car garage with laundry hook ups, fully fenced yard, a full bath upstairs and 1/2 bath on main floor. Very convenient location-walking distance to Pierce College and Fort Steilacoom Park. Just a short drive to charming town of Steilacoom, Sunnyside Beach, JBLM, restaurants and shopping. This has been a solid steady rental over the years. Please do not disturb tenants.

Last Agent to Sell the Property

DeAnne Davidson

RE/MAX Advantage License #21624 Listed on: 06/11/2022

RE/MAX Advantage

Last Buyer's Agent

Brenda Canales

John L. Scott Lacey License #21008587

John L. Scott Lacey

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1947549

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,860

Year Built

  • Built in 1977

Lot Details

  • 0.41 Acre Lot
  • Property is Fully Fenced

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,072 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Short Plat Condos
  • Lakewood Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 0219055003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,860

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Short Plat
  • New Construction: No
  • CalculatedSquareFootage: 2072
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 370

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Pierce County Sewer
  • WaterCompany: Lakewood Water District
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 1416

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Clover Park
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0219055003
  • Lot Size Acres: 0.41
  • Lot Size Sq Ft: 17860
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully
  • MLSLotSizeSource: Realist Report
  • ZoningJurisdiction: City
  • ZoningClass: Residential
  • LotNumber: 1

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16.07
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 33600
  • Net Operating Income: 26202
  • Number Of Units Total: 2
  • Insurance Expense: 1122
  • Leasable Area: 2072
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4860

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2009
Sold by
Clark Kevin Dewayne
Bought by
Clark Linda Canby
Current Estimated Value
$632,293
Source: Public Records

Range of Values:

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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
Clark Linda Canby -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Canales Ronald E $540,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2022 07/28/22 Sold $540,000 0.0% $261 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/11/2022 06/11/22 For Sale $540,000 -- $261 / 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 $5,498 $583,800 $213,100 $370,700
2024 $5,498 $549,300 $205,900 $343,400
2023 $5,498 $506,800 $201,400 $305,400
2022 $4,860 $528,900 $209,100 $319,800
2021 $4,663 $355,600 $142,500 $213,100
2019 $3,591 $333,100 $123,900 $209,200
2018 $3,675 $297,100 $117,800 $179,300
2017 $3,675 $265,300 $99,200 $166,100
2016 $3,118 $215,900 $70,700 $145,200
2014 $2,758 $194,600 $61,400 $133,200
2013 $2,758 $169,400 $50,500 $118,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1947549

Northwest Multiple Listing Service (NWMLS)

APN: 021905-5003