NOT LISTED FOR SALE

13071 Pacific Hwy SW Unit D Lakewood, WA 98499

South Lakes Neighborhood

Estimated Value: $233,000 - $272,000

2 Beds
1 Bath
923 Sq Ft
$282/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $1,000,000 $1,083 Per Sq Ft

Current estimated payment $1,957/month

258 Days on Market

Highlights

  • Territorial View
  • Wood Siding
  • Vinyl Flooring
  • Partially Fenced Property

About This Home

As of July 2018

Location, is everything. These investment properties (10 condo's) always fully rented. Located close to PLU, parks, JBLM, & the freeway that will take you into the city, Tacoma or Seattle & about a half hour to SEATAC. Rarely vacant, area is short on rentals so rents in these are low compared to others, could be raised 4 higher cap. HOA dues include water/sewer/ trash and landscaping, exterior maintenance. This is a great investment opportunity. zoned commercial but legally non-conforming.

Last Agent to Sell the Property

Joan Taie

Great Northwest Real Estate License #25775 Listed on: 09/08/2017

Last Buyer's Agent

Joan Taie

Great Northwest Real Estate License #25775 Listed on: 09/08/2017

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1191020

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,640

Year Built

  • Built in 1968

Lot Details

  • 2,403 Sq Ft Lot
  • Partially Fenced Property

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 923 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Laminate
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Gravelly Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9006490240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,640

Year Built

Built in 1968

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 923
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 681

Interior Features

  • Possible Use: Commercial, See Remarks
  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Lakewood Light & Power
  • SewerCompany: HOA
  • WaterCompany: HOA
  • WaterSewerGarbage: 38160

Condo/Co-op/Association

  • Association Fee: 3600
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Clover Park
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 9006490240
  • Lot Size Acres: 0.0552
  • Lot Size Sq Ft: 2403
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: public records
  • ZoningClass: Commercial,See Remarks

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 12285

Multi Family

  • Gross Scheduled Income: 147420
  • Net Operating Income: 94620
  • Number Of Units Total: 10
  • Insurance Expense: 3000
  • Leasable Area: 9230
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2018
  • Tax Annual Amount: 11640

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2024
Sold by
Aye Properties Llc
Bought by
Nolan Sarah and Nolan Chad
Current Estimated Value
$267,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,200
Outstanding Balance
$174,580
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$90,968

Purchase Details

Closed on
Aug 30, 2023
Sold by
Lacey Invest Llc
Bought by
Aye Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,221
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 8, 2017
Closed on
Jul 18, 2018
Sold by
West Coast Rentals 5 Llc
Bought by
Lacey Invest Llc
Seller's Agent
Joan Taie
Great Northwest Real Estate
Buyer's Agent
Joan Taie
Great Northwest Real Estate
List Price
$1,300,000
Sold Price
$1,000,000
Premium/Discount to List
-$300,000
-23.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-17.12%
Original Mortgage
$550,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2008
Sold by
West Coast Rentals Llc
Bought by
West Coast Rentals 5 Llc
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
Nolan Sarah $221,500 First American Title Insurance
Aye Properties Llc $168,250 Stewart Title
Lacey Invest Llc $199,719 Attorneys Title
West Coast Rentals 5 Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nolan Sarah $177,200
Previous Owner Aye Properties Llc $175,221
Previous Owner Lacey Invest Llc $550,000
Previous Owner Lacey Invest Llc $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $1,000,000 -23.1% $1,083 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
05/12/2018 05/12/18 For Sale $1,300,000 0.0% $1,408 / Sq Ft
05/08/2018 05/08/18 Pending -- -- --
04/18/2018 04/18/18 For Sale $1,300,000 0.0% $1,408 / Sq Ft
03/21/2018 03/21/18 Pending -- -- --
09/08/2017 09/08/17 For Sale $1,300,000 -- $1,408 / 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 $2,338 $236,200 $161,500 $74,700
2024 $2,338 $224,500 $151,700 $72,800
2023 $2,338 $214,000 $130,100 $83,900
2022 $2,057 $222,600 $135,700 $86,900
2021 $1,674 $125,600 $70,900 $54,700
2019 $1,140 $105,000 $58,100 $46,900
2018 $1,064 $91,600 $46,300 $45,300
2017 $1,064 $76,700 $33,900 $42,800
2016 $991 $57,600 $20,000 $37,600
2014 $1,023 $60,500 $21,300 $39,200
2013 $1,023 $64,800 $22,000 $42,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1191020

Northwest Multiple Listing Service (NWMLS)

APN: 900649-0240