NOT LISTED FOR SALE

1303 5th Ave SW Puyallup, WA 98371

Estimated Value: $540,000 - $622,000

4 Beds
2 Baths
1,593 Sq Ft
$355/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $242,500 $152 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $3,565/month

Highlights

  • Territorial View
  • Corner Lot
  • Wall to Wall Carpet
  • Puyallup High School Rated A-
  • Wood Siding
  • 1-Story Property

About This Home

As of May 2016

Downtown Puyallup Duplex Rambler. Each side has 2 beds / 1 bath. Total monthly income: $1600 . Storage, covered parking. Great investment opportunity.

Last Listed By

Doug Walker

John L. Scott, Inc. License #32548 Listed on: 02/22/2016

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 898868

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,615

Year Built

  • Built in 1959

Lot Details

  • 5,750 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,593 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Additional Features

  • Outbuilding
  • Cable TV Available

Community Details

  • Puyallup Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5505201440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,615

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1959
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1593
  • Special Features: 12
  • Cumulative Days on Market: 265

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Puyallup
  • WaterCompany: City of Puyallup
  • WaterSewerGarbage: 2370

Schools

  • Junior High Dist: Puyallup

Lot Info

  • Parcel Number: 5505201440
  • Lot Size Acres: 0.132
  • Lot Size Sq Ft: 5750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Gas Available,Outbuildings
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 1600

Multi Family

  • Gross Scheduled Income: 19200
  • Net Operating Income: 13470
  • Number Of Units Total: 2
  • Insurance Expense: 745
  • Leasable Area: 1593
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 2615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2016
Closed on
May 31, 2016
Sold by
Larsen David A and Larsen Anna M
Bought by
Nibeck Stuart and Sahli Nibeck Sheri M
Seller's Agent
Doug Walker
John L. Scott, Inc.
Buyer's Agent
Doug Walker
John L. Scott, Inc.
List Price
$240,000
Sold Price
$242,500
Premium/Discount to List
$2,500
1.04%
Total Days on Market
0
Current Estimated Value
$566,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,736
Avg. Annual Appreciation
9.89%
Original Mortgage
$121,250
Outstanding Balance
$97,831
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$468,405

Purchase Details

Closed on
Aug 28, 2006
Sold by
Schmitt Susan K and Schmitt Sharon L
Bought by
Larsen David A and Larsen Anna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,950
Interest Rate
6.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2004
Sold by
Mccormick John W
Bought by
Schmitt Sharon L and Schmitt Susan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 2003
Sold by
Rivera Gael B
Bought by
Mccormick John W

Purchase Details

Closed on
Feb 14, 2002
Sold by
Quinn Thomas E
Bought by
Rivera Gael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
9.09%
Mortgage Type
Purchase Money Mortgage

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
Nibeck Stuart $242,219 Fidelity National Title Comp
Larsen David A $269,950 Ticor Title Of Wa Inc
Schmitt Sharon L $195,000 Ticor Title Company
Mccormick John W -- Chicago Title Insurance Co
Rivera Gael B $165,000 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nibeck Stuart $121,250
Previous Owner Larsen David A $215,950
Previous Owner Schmitt Susan K $164,800
Previous Owner Schmitt Susan K $41,200
Previous Owner Schmitt Sharon L $200,000
Previous Owner Rivera Gael B $156,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold $242,500 +1.0% $152 / Sq Ft
02/23/2016 02/23/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $240,000 -- $151 / 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 $4,752 $522,100 $189,900 $332,200
2023 $4,752 $482,300 $175,700 $306,600
2022 $4,306 $443,300 $191,100 $252,200
2021 $3,851 $318,000 $127,000 $191,000
2019 $3,228 $296,500 $115,100 $181,400
2018 $3,293 $262,500 $104,200 $158,300
2017 $2,908 $237,600 $86,400 $151,200
2016 $2,615 $188,200 $64,500 $123,700
2014 $2,383 $171,500 $56,900 $114,600
2013 $2,383 $159,800 $48,300 $111,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 898868

Northwest Multiple Listing Service (NWMLS)

APN: 550520-1440