Listed by Highest Offer, Bought with Eastside Asset Management LLC
NOT LISTED FOR SALE

Estimated Value: $881,504 - $927,000

8 Beds
4 Baths
3,450 Sq Ft
$262/Sq Ft Est. Value

Last Sold September 09, 2020

Last sale price $614,000 $178 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $5,519/month

23 Days on Market

Highlights

  • Territorial View
  • Wall to Wall Carpet
  • 1-Story Property
  • Wood Siding

About This Home

As of September 2020

Large single level 4plex! Lots of improvements. New exterior paint, vinyl windows, bathroom upgrades, kitchen cabinets, etc.. Located in Opportunity Zone with undermarket rents. All tenants on month to month leases with some long term tenants. 2 bed/1 bath units. Borders Springbrook Park where the City of Lakewood invested $1 million dollars in improvements. Multi-Million dollar new construction Apt complex just finished on the same street. Zoned MF2. Seller's duplex next door listed #1615596.

Last Agent to Sell the Property

Shanah Daley

Highest Offer License #27241 Listed on: 06/25/2020

Last Buyer's Agent

Venkat Kotha

Eastside Asset Management LLC License #135404

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1615520

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,911

Year Built

  • Built in 1959

Lot Details

  • 10,450 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,450 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Community Details

  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0219127016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,911

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1959
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3450
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 393

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Lakeview
  • SewerCompany: Pierce County Sewer
  • WaterSewerGarbage: 5100

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Clover Park

Lot Info

  • Parcel Number: 0219127016
  • Lot Size Acres: 0.2399
  • Lot Size Sq Ft: 10450
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: pierce County Assessor
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 3800

Multi Family

  • Gross Scheduled Income: 45600
  • Net Operating Income: 35614
  • Number Of Units Total: 4
  • Electric Expense: 275
  • Insurance Expense: 900
  • Leasable Area: 3372
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4911

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Aug 29, 2020
Sold by
Daley Christian and Daley Lisa M
Bought by
Marada Sunil Kumar and Mokkapati Harisha
Seller's Agent
Shanah Daley
Highest Offer
Buyer's Agent
Venkat Kotha
Eastside Asset Management LLC
List Price
$649,950
Sold Price
$614,000
Premium/Discount to List
-$35,950
-5.53%
Current Estimated Value
$904,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,252
Avg. Annual Appreciation
7.95%
Original Mortgage
$460,500
Outstanding Balance
$411,243
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$489,431

Purchase Details

Listed on
Feb 21, 2013
Closed on
Mar 8, 2013
Sold by
U S Bank National Association
Bought by
Daley Christian
Seller's Agent
Ryan Meacham
Engel & Voelkers Chambers Bay
List Price
$139,900
Sold Price
$140,000
Premium/Discount to List
$100
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.88%
Original Mortgage
$177,491
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 17, 2013
Sold by
Wright John D
Bought by
U S Bank National Association

Purchase Details

Closed on
Aug 24, 2006
Sold by
Hudson Douglas A and Hudson Dorothy J
Bought by
Wright John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,500
Interest Rate
6.67%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 3, 2005
Sold by
Clark Billy R
Bought by
Hudson Douglas A and Hudson Dorothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,600
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 2001
Sold by
Perloff Marvin
Bought by
Clark Billy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,580
Interest Rate
6.89%
Mortgage Type
Commercial
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
Marada Sunil Kumar $614,000 Fidelity National Title
Daley Christian $140,000 Fidelity National Title
U S Bank National Association $225,000 None Available
Wright John D $315,000 First American Title Ins Co
Hudson Douglas A $218,000 Rainier Title Company
Clark Billy R $179,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marada Sunil Kumar $460,500
Previous Owner Daley Christian $181,178
Previous Owner Daley Christian $177,491
Previous Owner Wright John D $31,500
Previous Owner Wright John D $252,000
Previous Owner Hudson Douglas A $198,100
Previous Owner Hudson Douglas A $42,450
Previous Owner Hudson Douglas A $152,600
Previous Owner Clark Billy R $182,580
Closed Hudson Douglas A $65,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2020 09/09/20 Sold $614,000 +2.3% $178 / Sq Ft
07/18/2020 07/18/20 Pending -- -- --
07/15/2020 07/15/20 Price Changed $599,950 -4.8% $174 / Sq Ft
07/03/2020 07/03/20 Price Changed $629,950 -3.1% $183 / Sq Ft
06/25/2020 06/25/20 For Sale $649,950 +364.3% $188 / Sq Ft
03/25/2013 03/25/13 Sold $140,000 +0.1% $41 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $139,900 -- $41 / 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 $7,567 $692,800 $173,300 $519,500
2024 $7,567 $716,300 $162,400 $553,900
2023 $7,567 $700,900 $149,000 $551,900
2022 $6,962 $706,500 $149,000 $557,500
2021 $5,352 $407,700 $90,500 $317,200
2019 $3,968 $360,300 $65,200 $295,100
2018 $4,070 $327,200 $59,900 $267,300
2017 $3,960 $273,400 $45,700 $227,700
2016 $3,167 $237,900 $36,400 $201,500
2014 $3,403 $196,800 $29,800 $167,000
2013 $3,403 $178,800 $29,800 $149,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1615520

Northwest Multiple Listing Service (NWMLS)

APN: 021912-7016