Listed by Prime Realty, Bought with COMPASS
NOT LISTED FOR SALE

12118 12120 114th Avenue Ct E Puyallup, WA 98374

Estimated Value: $807,528 - $1,374,000

6 Beds
4 Baths
2,540 Sq Ft
$391/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $830,000 $327 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,917/month

39 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Ceramic Tile Flooring
  • Corner Lot
  • Cul-De-Sac
  • High Speed Internet

About This Home

As of March 2023

This tastefully remodeled, conforming, sophisticated rambler duplex presents a superb opportunity for investors, extended living situations, or owner occupants aiming to offset their housing expense. Each dwelling has 3 spacious bedrooms, 2 baths, a 2-car garage, gas heat, a gas fireplace, cathedral ceilings, insulated windows, & in ground sprinkler system. With an awesome location, close to everything (1 mile from Meridian), this turnkey property is not to be missed. Easy no-stairs living? Check. Timeless curb appeal? Check. Convenient location to SRs 161, 410, 512, and 167? Check. Spacious, private, fully fenced yards. Check. Tenant pays utilities? Check! 5.55 cap rate? Check! That's all the boxes!

Last Agent to Sell the Property

James Doerfel

Prime Realty License #26431 Listed on: 01/11/2023

Last Buyer's Agent

Andy Lee

COMPASS License #24028939

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2024458

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,700

Year Built

  • Built in 2001 | Remodeled

Lot Details

  • 0.36 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,540 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Warren Hunt Elementary School
  • Ferrucci Jnr High Middle School
  • Emerald Ridge High School

Utilities

  • High Speed Internet

Community Details

  • No Home Owners Association
  • Puyallup Subdivision

Listing and Financial Details

  • Assessor Parcel Number 6023510010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,700

Year Built

Built in 2001 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2001
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2540
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 408

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Cul-De-Sac, Curbs, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Pierce County
  • WaterCompany: Tacoma City Water
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Puyallup
  • High School: Emerald Ridge High
  • Middle Or Junior School: Ferrucci Jnr High

Lot Info

  • Parcel Number: 6023510010
  • Lot Size Acres: 0.3565
  • Lot Size Sq Ft: 15529
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Gas Available,High Speed Internet
  • MLSLotSizeSource: PCR
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.03
  • LeasedItems: None
  • TotalMonthlyIncome: 4600

Multi Family

  • Gross Scheduled Income: 55200
  • Net Operating Income: 45684
  • Number Of Units Total: 2
  • Insurance Expense: 1160
  • Leasable Area: 2540
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6700

MLS Schools

  • Elementary School: Warren Hunt Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Mar 21, 2023
Sold by
Strand Marcia
Bought by
Park Su B and Chan Gavin Yi
Seller's Agent
James Doerfel
Prime Realty
Buyer's Agent
Andy Lee
COMPASS
List Price
$869,869
Sold Price
$830,000
Premium/Discount to List
-$39,869
-4.58%
Views
107
Current Estimated Value
$991,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,882
Avg. Annual Appreciation
7.88%
Original Mortgage
$630,000
Outstanding Balance
$612,306
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$388,691

Purchase Details

Closed on
Jul 14, 2018
Sold by
Howland Eric R and Howland Patricia M
Bought by
Strand Marcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,800
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2017
Sold by
Hasselbach Jill and Hasselbach Scott M
Bought by
Hasselbach Scott M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2017
Sold by
Jolly Anderson Shawn
Bought by
Howland Eric Reid and Howland Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2005
Sold by
Jolly Janelle
Bought by
Jolly Anderson Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,800
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 18, 2005
Sold by
Bauer Michael
Bought by
Jolly Anderson Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,800
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac
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
Park Su B -- Equity Title
Strand Marcia $450,719 Puget Sound Title Puyallup
Hasselbach Scott M -- Fidelity National Title
Howland Eric Reid $395,719 Fidelity National Title
Jolly Anderson Shawn -- Ticor Title Of Wa Inc
Jolly Anderson Shawn $338,500 Ticor Title Of Wa Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Su B $630,000
Previous Owner Strand Marcia $362,100
Previous Owner Strand Marcia $360,800
Previous Owner Howland Eric Reid $297,000
Previous Owner Jolly Anderson Shawn $270,800
Closed Jolly Anderson Shawn $67,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $830,000 0.0% $327 / Sq Ft
02/19/2023 02/19/23 Pending -- -- --
01/31/2023 01/31/23 Price Changed $829,875 -4.6% $327 / Sq Ft
01/11/2023 01/11/23 For Sale $869,869 -- $342 / 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 $6,658 $751,600 $239,900 $511,700
2024 $6,658 $722,700 $232,900 $489,800
2023 $6,658 $635,000 $221,600 $413,400
2022 $6,700 $687,300 $213,100 $474,200
2021 $6,574 $514,000 $148,400 $365,600
2019 $5,179 $435,400 $131,100 $304,300
2018 $5,158 $398,800 $117,300 $281,500
2017 $4,329 $354,400 $100,800 $253,600
2016 $3,959 $276,600 $77,300 $199,300
2014 $3,752 $244,000 $70,500 $173,500
2013 $3,752 $220,600 $63,200 $157,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2024458

Northwest Multiple Listing Service (NWMLS)

APN: 602351-0010