Listed by COMPASS, Bought with Cascade Properties & Invest.
NOT LISTED FOR SALE

12208 118th Ave E Puyallup, WA 98374

Estimated Value: $897,208 - $955,000

8 Beds
4 Baths
3,120 Sq Ft
$297/Sq Ft Est. Value

Last Sold June 08, 2022

Last sale price $900,000 $288 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,661/month

6 Days on Market

Highlights

  • Wood Flooring
  • Cul-De-Sac
  • Property is in very good condition
  • No HOA

About This Home

As of June 2022

Tremendous investment opportunity to own a quality Puyallup four-plex minutes from South Hill Mall and Hwy 512. Originally owner-occupied, these units have been professionally managed and have quality tenants and a huge upside. New roof in 2015, dedicated owner-owned washer/dryer for each unit. Published rents and financial info are 2021 actuals. Lower rents are for longer-term tenants. Quiet dead-end street and plenty of parking. Check it out. Shows very well. Very nice.

Last Agent to Sell the Property

Mike Larson

COMPASS License #12791 Listed on: 04/15/2022

COMPASS

Last Buyer's Agent

Lisa Scivally

Cascade Properties & Invest. License #24585

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1916898

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,056

Year Built

  • Built in 1980

Lot Details

  • 0.37 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material
  • Wood Composite

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • South Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0419108052

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,056

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3120
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 373

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Laminate, Carpet
  • Interior Amenities: Hardwood, Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Pierce County
  • WaterCompany: TPU
  • WaterSewerGarbage: 5949

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Puyallup

Lot Info

  • Parcel Number: 0419108052
  • Lot Size Acres: 0.37
  • Lot Size Sq Ft: 16117
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14.88
  • LeasedItems: None
  • TotalMonthlyIncome: 4900

Multi Family

  • Gross Scheduled Income: 58800
  • Net Operating Income: 42890
  • Number Of Units Total: 4
  • Insurance Expense: 1905
  • Leasable Area: 3120
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 8056

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2022
Sold by
Brink Elliott J
Bought by
Eab Puyallup Llc
Current Estimated Value
$926,104

Purchase Details

Listed on
Apr 15, 2022
Closed on
Jun 2, 2022
Sold by
Mcguire George M and Mcguire Elizabeth A
Bought by
Brink Elliott J and Brink Amy L
Seller's Agent
Mike Larson
COMPASS
Buyer's Agent
Lisa Scivally
Cascade Properties & Invest.
List Price
$875,000
Sold Price
$900,000
Premium/Discount to List
$25,000
2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.23%
Original Mortgage
$675,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2015
Sold by
Goli Uma
Bought by
Mcguire George M and Mcguire Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,649
Interest Rate
3.86%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 22, 2010
Sold by
Pothineni Hari K
Bought by
Goli Uma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
4.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 2009
Sold by
Pettie E Marie and Pettie Roy
Bought by
Goli Uma and Eastside Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,451
Interest Rate
4.99%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 20, 2009
Sold by
Eastside Funding Llc
Bought by
Goli Uma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,451
Interest Rate
4.99%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 27, 2003
Sold by
Obermueller Matthew
Bought by
Pettie Roy and Marie Pettie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
8.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 1999
Sold by
Langberg Mark
Bought by
Obermueller Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,560
Interest Rate
9.99%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 1996
Sold by
Bennett Lee Labrash and Bennett Wayne
Bought by
Langberg Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
7.96%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Eab Puyallup Llc -- None Listed On Document
Brink Elliott J -- Stewart Title
Mcguire George M $338,719 Rainier Title Llc
Goli Uma -- Fatco
Goli Uma $212,501 None Available
Goli Uma -- None Available
Pettie Roy $260,000 Chicago Title Insurance Co
Obermueller Matthew $191,950 Chicago Title Insurance Co
Langberg Mark $157,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brink Elliott J $675,000
Previous Owner Mcguire George M $500,000
Previous Owner Mcguire George M $368,649
Previous Owner Goli Uma $730,000
Previous Owner Goli Uma $238,500
Previous Owner Goli Uma $177,451
Previous Owner Pettie Roy $364,500
Previous Owner Pettie Roy W $272,000
Previous Owner Pettie Roy $234,000
Previous Owner Obermueller Matthew $153,560
Previous Owner Langberg Mark $125,600
Closed Obermueller Matthew $29,550
Closed Pettie Roy $13,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2022 06/08/22 Sold $900,000 +2.9% $288 / Sq Ft
04/21/2022 04/21/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $875,000 -- $280 / 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 $7,850 $778,500 $228,500 $550,000
2024 $7,850 $745,700 $221,700 $524,000
2023 $7,850 $722,400 $211,000 $511,400
2022 $8,056 $746,100 $202,900 $543,200
2021 $7,333 $557,900 $140,200 $417,700
2019 $5,229 $458,000 $123,900 $334,100
2018 $4,987 $384,400 $110,800 $273,600
2017 $4,451 $326,400 $95,200 $231,200
2016 $3,773 $254,800 $73,000 $181,800
2014 $3,569 $220,500 $64,800 $155,700
2013 $3,569 $199,300 $58,100 $141,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1916898

Northwest Multiple Listing Service (NWMLS)

APN: 041910-8052