Listed by Real Broker LLC, Bought with Skyline Properties, Inc.
$695,000
SOLD DEC 20, 2024

1404 12th Ave NW Puyallup, WA 98371

6 Beds
4 Baths
2,034 Sq Ft
0.26 Acres

Recently Sold

$342 Per Sq Ft

1 Day on Market

Highlights

  • Engineered Wood Flooring
  • No HOA
  • Patio
  • Puyallup High School Rated A-
  • Thermal Windows
  • Baseboard Heating

About This Home

As of December 2024

Rent-ready duplex on a quiet street in prime Puyallup neighborhood. Both units are vacant and updated making this the perfect house hack, or multi-generational home, or just an all-around solid investment! Identical side-by-side units boast spacious open floorplans, 3 beds/1.5 baths, full kitchens, garages & large yard w/ patio. 1402 had a studs out remodel a couple years ago. Other improvements: newer exterior paint, windows, newer water heaters. Historically low vacancy & market rent: $2700 make for an almost 7.5% proforma cap rate! Don't miss out on your opportunity to be an investor and hand pick your own tenants.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 11/22/2024

Co-Listed By

Chelsea Shapiro

Real Broker LLC License #132443

Last Buyer's Agent

Vadim Polishchuk

Skyline Properties, Inc. License #21031842

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2311959

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,795

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 132x85
  • Partially Fenced Property

Home Design

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

Interior Spaces

  • 2,034 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Additional Features

  • Patio
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Robinsons Meadow Lane Condos
  • Puyallup Valley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7235100120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,795

Year Built

Built in 1979 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1979
  • Buyer Agency Compensation: 2.75
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Robinsons Meadow Lane
  • New Construction: No
  • CalculatedSquareFootage: 2034
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 190

Interior Features

  • Possible Use: Multi-Family
  • Possible Bedrooms: 6
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Engineered Hardwood, Laminate, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 1983

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Puyallup

Lot Info

  • Parcel Number: 7235100120
  • Lot Size Acres: 0.2634
  • Lot Size: 132x85
  • Lot Size Sq Ft: 11475
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 5360

Multi Family

  • Gross Scheduled Income: 64320
  • Net Operating Income: 51358
  • Number Of Units Total: 2
  • Insurance Expense: 1590
  • Leasable Area: 2034
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5795

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2016
Sold by
Cagayat Maria Theresa
Bought by
Cagayat Gerard
Current Estimated Value
$715,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Outstanding Balance
$173,409
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$541,680

Purchase Details

Closed on
Apr 29, 2013
Sold by
Cagayat Gerard
Bought by
Mountainview Home Solutions Llc

Purchase Details

Closed on
Dec 1, 2011
Sold by
Large Carol E
Bought by
Cagayat Gerad 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
$31,078
Interest Rate
4.06%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 29, 2011
Sold by
Eastside Funding Llc
Bought by
Cagayat Gerard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,078
Interest Rate
4.06%
Mortgage Type
Stand Alone Second
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Fidelity Natl Title Co Of Wa
Interfamily Deed Transfer -- Fidelity Natl Title Co Of Wa
Quit Claim Deed -- Fidelity Natl Title Co Of Wa
Warranty Deed -- None Available
Trustee Deed $147,600 None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $213,500 New Conventional
Previous Owner $143,412 Unknown
Previous Owner $19,100 Unknown
Previous Owner $31,078 Stand Alone Second
Previous Owner $123,131 Seller Take Back
Previous Owner $100,678 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold $695,000 0.0% $342 / Sq Ft
12/20/2024 12/20/24 Sold $695,000 0.0% $342 / Sq Ft
11/23/2024 11/23/24 Pending -- -- --
11/23/2024 11/23/24 Pending -- -- --
11/22/2024 11/22/24 For Sale $695,000 0.0% $342 / Sq Ft
11/22/2024 11/22/24 For Sale $695,000 -- $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 $5,796 $641,700 $253,200 $388,500
2024 $5,796 $639,200 $229,400 $409,800
2023 $5,796 $594,500 $212,200 $382,300
2022 $5,265 $545,900 $230,800 $315,100
2021 $4,590 $381,900 $153,400 $228,500
2019 $3,883 $353,600 $139,000 $214,600
2018 $3,933 $318,600 $130,100 $188,500
2017 $3,477 $286,000 $107,900 $178,100
2016 $3,104 $227,100 $80,600 $146,500
2014 $2,853 $205,000 $71,100 $133,900
2013 $2,853 $189,200 $60,300 $128,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2311959

Northwest Multiple Listing Service (NWMLS)

APN: 723510-0120