Listed by Real Broker LLC
NOT LISTED FOR SALE

14511 Woodbrook Dr SW Lakewood, WA 98439

Estimated Value: $699,000 - $1,010,560

9 Beds
5 Baths
4,748 Sq Ft
$189/Sq Ft Est. Value

Last Sold March 27, 2017

Last sale price $350,000 $74 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $5,906/month

4 Days on Market

Highlights

  • Corner Lot
  • Wood Siding
  • Wall to Wall Carpet
  • Partially Fenced Property

About This Home

As of March 2017

Four homes on one 2.62 Acre parcel. Fully occupied; 9.7% Current Cap Rate! You’ve got a lot of versatility to work with in this great property. Buy and hold as-is for instant cash-flow, do a few cosmetic upgrades & raise rents for value-add, or take advantage of the many development options: corner lot, zoned MR1 (up to 8 dwellings per acre) with sewer available at street. Location has easy access to I-5 and the Joint Base Lewis-McChord & Pacific Ave S

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 12/10/2016

Co-Listed By

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1057401

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,968

Year Built

  • Built in 1910

Lot Details

  • 2.62 Acre Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

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

Interior Spaces

  • 4,748 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet

Parking

  • 7 Parking Spaces
  • Open Parking

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Tillicum Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0219221151

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,968

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Accessibility Features: Other
  • Year Built: 1910
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4748
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 343

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 7

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: PSE
  • SewerCompany: Lakewood
  • WaterCompany: Lakewood
  • WaterSewerGarbage: 2100

Schools

  • Junior High Dist: Clover Park

Lot Info

  • Parcel Number: 0219221151
  • Lot Size Acres: 2.62
  • Lot Size Sq Ft: 114127
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Disabled Access,Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 7
  • LeasedItems: None
  • TotalMonthlyIncome: 3650

Multi Family

  • Gross Scheduled Income: 43800
  • Net Operating Income: 33852
  • Number Of Units Total: 4
  • Electric Expense: 180
  • Insurance Expense: 1600
  • Leasable Area: 4748
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 5968

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2016
Closed on
Mar 21, 2017
Sold by
Applegate Parley
Bought by
Chan Leung Wai and Zhou Ziwen
Seller's Agent
Charles Burnett
Real Broker LLC
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$922,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$572,624
Avg. Annual Appreciation
11.68%
Original Mortgage
$262,500
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2011
Sold by
Applegate Orene
Bought by
Applegate Parley

Purchase Details

Closed on
Sep 28, 2010
Sold by
Applegate Parley
Bought by
Applegate Orene
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
Chan Leung Wai $349,719 First American Title Company
Applegate Parley -- None Available
Applegate Orene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Leung Wai $271,281
Closed Chan Leung Wai $262,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2017 03/27/17 Sold $350,000 0.0% $74 / Sq Ft
12/15/2016 12/15/16 Pending -- -- --
12/10/2016 12/10/16 For Sale $350,000 -- $74 / 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 $10,250 $967,200 $339,400 $627,800
2024 $10,250 $922,800 $318,200 $604,600
2023 $10,250 $926,200 $340,800 $585,400
2022 $9,523 $935,200 $340,800 $594,400
2021 $9,067 $678,300 $206,900 $471,400
2019 $6,599 $590,800 $149,100 $441,700
2018 $6,074 $530,600 $136,900 $393,700
2017 $5,876 $398,800 $105,000 $293,800
2016 $5,109 $374,800 $83,700 $291,100
2014 $4,065 $309,800 $68,500 $241,300
2013 $4,065 $281,600 $68,500 $213,100
Source: Public Records

Agents Affiliated with this Home

  • Charles Burnett

    Seller's Agent in 2017

    Charles Burnett

    Real Broker LLC

    (206) 926-3701

    61 Total Sales

    Section Image
  • Nicholas Vilvandre'

    Seller Co-Listing Agent in 2017

    Nicholas Vilvandre'

    Keller Williams Downtown Seattle

    (206) 612-7883

    69 Total Sales

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1057401

Northwest Multiple Listing Service (NWMLS)

APN: 021922-1151

Washington Pierce County Lakewood 98439

14511 Woodbrook Dr SW, Lakewood, WA

This home is located at 14511 Woodbrook Dr SW, Lakewood, WA 98439 since 10 December 2016 and is currently estimated at $895,390, approximately $188 per square foot. This property was built in 1910. 14511 Woodbrook Dr SW is a home located in Pierce County with nearby schools including Tillicum Elementary School, Thomas Middle School, and Clover Park High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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