Listed by FirstPoint Real Estate LLC, Bought with Theory Real Estate
$515,000
SOLD NOV 25, 2024

11522 Military Rd SW Unit A & B Lakewood, WA 98498

Central Lakes Neighborhood
3 Beds
-- Bath
1,770 Sq Ft
0.31 Acres

Recently Sold

$291 Per Sq Ft

13% Below List Price

111 Days on Market

Highlights

  • RV Access or Parking
  • Wood Burning Stove
  • Property is near a preserve or public land
  • Deck
  • No HOA
  • 1-minute walk to Washington Park

About This Home

As of November 2024

Updated 1 level duplex has many usage options. 1st option is the larger back unit w/ fenced yard uses the garage & the 2nd huge middle bedroom, leaving the smaller 1 bed unit up front. The middle 2nd bedroom/bonus room w/ locking doors into each unit as well as exterior door could be attached to front unit or used all together as one 3 bed unit w/ a 2nd smaller kitchen for an ADU/multi-Generational setup. Both units have large patio/decks & brand new dishwashers, stoves, kitchen cabinets & kitchen sinks. New carpet in 2 bedrooms. New roof Feb 2020. Huge 420 sq ft garage/shop w/ 10' door & exterior entrance could hold RV & be rented w/ either unit. Also parking for 6 vehicles. No HOA -Next to public park w/ playground & extra parking.

Last Agent to Sell the Property

Michelle Harold

FirstPoint Real Estate LLC License #112289 Listed on: 06/19/2024

FirstPoint Real Estate LLC

Last Buyer's Agent

Nickie Robbs

Theory Real Estate License #21013225

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2252875

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,980

Year Built

  • Built in 1914

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 75x178
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 1,770 Sq Ft Home
  • 1-Story Property
  • Wood Burning Stove

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Woodbrook Mid Middle School
  • Lakes High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Forest Park Condos
  • Lakewood Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Legal Lot and Block 3953000310 / L31
  • Assessor Parcel Number 393500-031-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,980

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1914
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Forest park
  • New Construction: No
  • CalculatedSquareFootage: 1770
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 272

Interior Features

  • Possible Use: Multi-Family, Residential
  • Possible Bedrooms: 3
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Adjacent to Public Land, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood, Wood Products
  • Foundation Details: Post & Block
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Stove/Free Standing, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Tacoma Sewer
  • WaterCompany: Lakewood Water
  • WaterSewerGarbage: 1680

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Clover Park
  • High School: Lakes High
  • Middle Or Junior School: Woodbrook Mid

Lot Info

  • Parcel Number: 393500-031-0
  • Lot Size Acres: 0.3082
  • Lot Size: 75x178
  • Lot Size Sq Ft: 13425
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully,Gas Available,Outbuildings,RV Parking,Shop
  • MLSLotSizeSource: County Records
  • MLSSquareFootageSource: County Records
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 3953000310

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 15.26
  • LeasedItems: None
  • TotalMonthlyIncome: 3250

Multi Family

  • Gross Scheduled Income: 39000
  • Net Operating Income: 32260
  • Number Of Units Total: 2
  • Insurance Expense: 1080
  • Leasable Area: 1770
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3980

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2024
Closed on
Nov 7, 2024
Sold by
Williamson Alex K and Williamson Deborah S
Bought by
Boakye-Danquah Samuel
Seller's Agent
Michelle Harold
FirstPoint Real Estate LLC
Buyer's Agent
Nickie Robbs
Theory Real Estate
List Price
$595,000
Sold Price
$515,000
Premium/Discount to List
-$80,000
-13.45%
Total Days on Market
111
Views
60
Current Estimated Value
$515,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201
Avg. Annual Appreciation
0.07%
Original Mortgage
$515,000
Outstanding Balance
$512,564
Interest Rate
6.32%
Mortgage Type
VA
Estimated Equity
$2,637

Purchase Details

Closed on
Jun 3, 2020
Sold by
Williamson Alex K
Bought by
Williamson Alex and Williamson Deborah S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2017
Sold by
Williamson Deborah S
Bought by
Williamson Alex K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,800
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2013
Sold by
Twiggs Patricia Ann
Bought by
Hummer Sandra Pauline
Source: Public Records

Similar Homes in Lakewood, WA

  • 10230 To 10232 Melody Ln SW, Lakewood, WA 98498

    $550,000

    • 3 Beds
    • 2 Baths
    • 936 Sq Ft
    • 10230 To 10232 Melody Ln SW
    • Lakewood, WA

    Lakefront living on serene Lake Louise! This rare duplex-style opportunity features two charming homes on one lot with26 feet of no-bank waterfront—ideal for fishing, kayaking, or summer fun. Live in one and "house hack" the other, rentboth, or explore short-term rental potential with proven income history. Flexible options for investors or dream-homebuilders—build later on this scenic,

    Trevor Asay Asay Realty

    Section Image
  • 9821 Dekoven Dr SW Unit A & B, Lakewood, WA 98499

    $499,773

    • 3 Beds
    • 2 Baths
    • 1,844 Sq Ft
    • 9821 Dekoven Dr SW
    • Unit A & B
    • Lakewood, WA

    Remarkable investment opportunity for seasoned investors or first time homebuyer's. This two story duplex sits on a large secluded private lot in Lakewood a block from community lake access. "Owner's suite" upstairs (Unit B) has 1 bedroom, 1 bath, upgraded to be your own private spa with heated tile floors, & huge tiled shower. New carpet & a concrete ramp up to upper unit with covered entry.

    Peter Bradrick Keller Williams West Sound

    Section Image
  • 5503 112th St SW, Lakewood, WA 98499

    $540,000

    • 3 Beds
    • 3 Baths
    • 2,026 Sq Ft
    • 5503 112th St SW
    • Lakewood, WA

    Investment Opportunity! Discover this cash-flowing tri-plex on a spacious corner lot. All three units are currently occupied by long-term tenants, ensuring positive steady income. Features include on-site laundry facilities, 5 dedicated parking spots, and ample street parking. Conveniently located near I-5, Tacoma Mall, shopping, dining, & parks, this property offers a prime location for tenants.

    Shawn Darden Pellego, Inc.

    Section Image
  • 5307 104th St SW Unit 5305, Lakewood, WA 98499

    $599,950

    • 4 Beds
    • 2 Baths
    • 1,628 Sq Ft
    • 5307 104th St SW
    • Unit 5305
    • Lakewood, WA

    Well-maintained duplex offering solid rental potential or multi-generational living. Each unit features two spacious bedrooms, one full bathroom, in-unit washer and dryer hook-ups, and a private garage. Enjoy a generous yard and patios with ample space for outdoor activities and plenty of additional parking. The right-hand unit has been updated with modern flooring for a fresh, contemporary

    Luke Bentson Engel & Voelkers Chambers Bay

    Section Image
  • 3320 90th St S, Lakewood, WA 98499

    $480,000

    • 4 Beds
    • 2 Baths
    • 2,741 Sq Ft
    • 3320 90th St S
    • Lakewood, WA

    Investment opportunity. This duplex is on a large lot near South Tacoma Way inside the Lakewood International District. Main floor unit is 1,403 SF with 2 bed & 1 bath. Basement unit is 1,338 with 2 bed & 1 bath. Comes with a detached garage. Located close to freeways, bus stops, shops, restaurants, & JBLM. Lots of potential with the land.

    Oudi Kumendong TS Property Management

    Section Image

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 Type Sale Price Title Company
Warranty Deed $515,000 Ticor Title
Interfamily Deed Transfer -- Ticor Title
Interfamily Deed Transfer -- Stewart Title
Warranty Deed $139,719 Stewart Title Company
Personal Reps Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $515,000 VA
Previous Owner $151,000 New Conventional
Previous Owner $150,000 New Conventional
Previous Owner $107,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2024 11/25/24 Sold $515,000 -1.9% $291 / Sq Ft
10/08/2024 10/08/24 Pending -- -- --
08/14/2024 08/14/24 Price Changed $525,000 -4.4% $297 / Sq Ft
07/25/2024 07/25/24 Price Changed $549,000 -4.5% $310 / Sq Ft
07/10/2024 07/10/24 Price Changed $575,000 -3.4% $325 / Sq Ft
06/19/2024 06/19/24 For Sale $595,000 -- $336 / 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
2024 $3,980 $436,100 $203,200 $232,900
2023 $3,980 $365,900 $204,300 $161,600
2022 $3,834 $386,000 $214,300 $171,700
2021 $3,521 $268,200 $131,400 $136,800
2019 $2,849 $240,700 $114,300 $126,400
2018 $2,737 $235,900 $99,100 $136,800
2017 $442 $183,700 $80,000 $103,700
2016 $2,163 $138,600 $51,100 $87,500
2014 $918 $134,400 $48,000 $86,400
2013 $918 $119,800 $39,600 $80,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2252875

Northwest Multiple Listing Service (NWMLS)

APN: 393500-0310