NOT LISTED FOR SALE

Estimated Value: $647,560 - $821,000

4 Beds
2 Baths
1,944 Sq Ft
$375/Sq Ft Est. Value

Last Sold April 04, 2018

Last sale price $405,000 $208 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $4,528/month

20 Days on Market

Highlights

  • Thermal Windows
  • Property is in very good condition
  • 1-Story Property
  • University Place Primary School Rated A
  • Wall to Wall Carpet

About This Home

As of April 2018

2 bedroom duplex with high cathedral Ceilings, spacious floor plan, 1 car garage and washer and dryer hookup. Location Location you walk to the beach in two minutes, community park, fine dinning. University Place school district, stays full renting.

This duplex has a detached four car garage, Used now for storage. was rental income from contractor in past.

Drive by, do not talk to tenants they do not know its for sale. after accepted offer I will show interior. Very nice inside

Last Buyer's Agent

Tom Byrne

Keller Williams Rty Tacoma License #35469

Keller Williams Rty Tacoma

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1232463

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,358

Year Built

  • Built in 1979

Lot Details

  • 0.36 Acre Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,944 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • Open Parking

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 0220095014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,358

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1979
  • Buyer Agency Compensation: 1.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1944
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 356

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: Pierce County
  • WaterCompany: TPU
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: University Place

Lot Info

  • Parcel Number: 0220095014
  • Lot Size Acres: 0.36
  • Lot Size Sq Ft: 15682
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: public records
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 2

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2200

Multi Family

  • Gross Scheduled Income: 26400
  • Net Operating Income: 19634
  • Number Of Units Total: 2
  • Insurance Expense: 616
  • Leasable Area: 1944
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4358

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2020
Sold by
Lorenzo Grace A and Lorenzo Grace
Bought by
Longo Investments Ii Llc
Total Days on Market
20
Current Estimated Value
$715,237

Purchase Details

Closed on
Oct 17, 2019
Sold by
The Holden Revocable Trust
Bought by
Lorenzo Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2018
Closed on
Mar 19, 2018
Sold by
University Place Duplex Llc
Bought by
Holden Eloise and Holden Revocable Trust
Buyer's Agent
Tom Byrne
Keller Williams Rty Tacoma
List Price
$425,000
Sold Price
$405,000
Premium/Discount to List
-$20,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%
Original Mortgage
$275,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2017
Sold by
Enslow Kenneth F and Enslow Evelyn
Bought by
University Place Duplex 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
Longo Investments Ii Llc -- None Available
Lorenzo Grace $410,000 Fidelity Natl Ttl Co Of Wa I
Holden Eloise $384,719 Fidelity National Title
University Place Duplex Llc -- Attorneys Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lorenzo Grace $287,000
Previous Owner Holden Eloise $275,000
Previous Owner Enslow Kenneth F $131,603
Previous Owner Enslow Kenneth F $138,500
Previous Owner Enslow Kenneth F $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2018 04/04/18 Sold $405,000 -4.7% $208 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
01/10/2018 01/10/18 For Sale $425,000 -- $219 / 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 $6,940 $666,100 $313,200 $352,900
2024 $6,940 $601,300 $308,400 $292,900
2023 $6,940 $578,700 $308,600 $270,100
2022 $6,605 $595,000 $322,700 $272,300
2021 $5,850 $417,600 $207,800 $209,800
2019 $4,654 $390,300 $185,800 $204,500
2018 $4,358 $354,000 $163,700 $190,300
2017 $4,358 $309,000 $135,800 $173,200
2016 $4,027 $244,300 $106,900 $137,400
2014 $3,563 $226,600 $99,300 $127,300
2013 $3,563 $208,500 $89,100 $119,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1232463

Northwest Multiple Listing Service (NWMLS)

APN: 022009-5014