Listed by Better Properties Kitsap, Bought with Theory Real Estate
NOT LISTED FOR SALE

10418 & 10420 112th St SW Lakewood, WA 98498

Central Lakes Neighborhood

Estimated Value: $517,445 - $621,000

4 Beds
2 Baths
1,664 Sq Ft
$341/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $500,000 $300 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,531/month

6 Days on Market

Highlights

  • Territorial View
  • Thermal Windows
  • Ceramic Tile Flooring
  • Corner Lot
  • Patio
  • Partially Fenced Property

About This Home

As of October 2021

Fantastic Opportunity to Own a Multi-Family Property in Lakewood! Very cute, well kept units on a large lot. Each open concept unit has 2 bedrooms, one bath, one car garage and a large patio that opens up to a spacious fenced backyard. New Roof 2013, newer hot water heaters in both units. Conveniently located in a great neighborhood. Corner lot, plenty of parking. This is a great opportunity!

Last Agent to Sell the Property

Beverly French

Better Properties Kitsap License #18976 Listed on: 08/07/2021

Last Buyer's Agent

Anikah Khan

Theory Real Estate License #21003057

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1819046

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,281

Year Built

  • Built in 1968

Lot Details

  • 0.33 Acre Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,664 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 021908-1-067

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,281

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1664
  • Special Features: None
  • Cumulative Days on Market: 359

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • 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: 3
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Pierce County Sewer
  • WaterCompany: Lakewood Water
  • WaterSewerGarbage: 1418

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Lakewood
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 021908-1-067
  • Lot Size Acres: 0.3254
  • Lot Size Sq Ft: 14175
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available,Patio
  • MLSLotSizeSource: Public
  • ZoningClass: Multi-Family

Green Features

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

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 1250

Multi Family

  • Gross Scheduled Income: 21539
  • Net Operating Income: 6539
  • Number Of Units Total: 2
  • Insurance Expense: 840
  • Leasable Area: 1664
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 4281

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2021
Closed on
Oct 6, 2021
Sold by
Lois M Heath Living Trust and Schumacher Patricia A
Bought by
Gutema Negesse and Gutema Juanita
Seller's Agent
Beverly French
Better Properties Kitsap
Buyer's Agent
Anikah Khan
Theory Real Estate
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$568,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,111
Avg. Annual Appreciation
3.36%
Original Mortgage
$325,000
Outstanding Balance
$297,012
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$271,099

Purchase Details

Closed on
Jan 3, 2005
Sold by
Heath Lois M
Bought by
Heath Lois M and Lois M Heath Living Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gutema Negesse -- Fidelity National Title
Heath Lois M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutema Negesse $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2021 10/13/21 Sold $500,000 0.0% $300 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
08/07/2021 08/07/21 For Sale $500,000 -- $300 / 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 $5,222 $485,800 $211,600 $274,200
2024 $5,222 $489,800 $216,400 $273,400
2023 $5,222 $480,500 $218,400 $262,100
2022 $4,521 $468,800 $229,100 $239,700
2021 $4,281 $325,400 $140,500 $184,900
2019 $3,148 $294,300 $122,200 $172,100
2018 $3,171 $258,700 $106,300 $152,400
2017 $3,171 $221,400 $85,900 $135,500
2016 $2,736 $180,800 $54,800 $126,000
2014 $2,334 $169,900 $51,500 $118,400
2013 $2,334 $146,800 $42,500 $104,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1819046

Northwest Multiple Listing Service (NWMLS)

APN: 021908-1067