NOT LISTED FOR SALE

Estimated Value: $762,000 - $1,051,000

4 Beds
7 Baths
3,648 Sq Ft
$248/Sq Ft Est. Value

Last Sold March 17, 2015

Last sale price $395,400 $108 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $5,670/month

26 Days on Market

About This Home

As of March 2015

Incredible investment opportunity in a great location with a view of Lake tapps!Each unit is 1824 sq ft 4 bd 3 1/2 bath and each have a large attached one car garage.The detached 4 car garage is 960sq ft and has rented in the past for $400/mo. The community park is across the street with access to a boat ramp ,tennis courts ,and kids play area. Large Lot allows for lots of parking including RV ,boat ,JetSki's etc. Perfect set up to live in one side and rent the other or rent all 3!

Last Agent to Sell the Property

Cara Harris

Better Properties Solutions License #5543 Listed on: 12/29/2014

Last Buyer's Agent

Cara Harris

Better Properties Solutions License #5543 Listed on: 12/29/2014

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 726740

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,492

Year Built

  • Built in 2007

Lot Details

  • 0.32

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,648 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 20 Parking Spaces
  • 6 Covered Spaces
  • Open Parking

Schools

  • Emerald Hills Elementary School
  • Lakeridge Middle School

Additional Features

  • 0.32 Acre Lot
  • Natural Gas Connected

Community Details

  • Lake Tapps Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3037001180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,492

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2007
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3648
  • Special Features: None
  • Cumulative Days on Market: 370

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 6
  • Open Parking Spaces: 14
  • Open Parking: Yes
  • Total Parking Spaces: 20
  • ParkingUncoveredSpaces: 14

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Bonney Lake
  • WaterCompany: Bonney Lake
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Sumner
  • Middle Or Junior School: Lakeridge Middle

Lot Info

  • Parcel Number: 3037001180
  • Lot Size Acres: 0.3214
  • Lot Size Sq Ft: 14000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2014
  • Tax Annual Amount: 4492

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 3648
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Emerald Hills Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2014
Closed on
Mar 13, 2015
Sold by
Fair Jeremy C and Fair Dawn M
Bought by
Barrett Ryan C and Barrett Laura A
Seller's Agent
Cara Harris
Better Properties Solutions
Buyer's Agent
Cara Harris
Better Properties Solutions
List Price
$399,900
Sold Price
$395,400
Premium/Discount to List
-$4,500
-1.13%
Current Estimated Value
$913,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$517,687
Avg. Annual Appreciation
8.30%
Original Mortgage
$388,238
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 26, 2011
Sold by
Fair Dawn M
Bought by
Fair Jeremy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,637
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 13, 2010
Sold by
Hagwood Mathew W and Hagwood Matthew W
Bought by
Union Bank Na

Purchase Details

Closed on
Jan 23, 2002
Sold by
Bank One National Assn
Bought by
Hagwood Matthew and Hagwood Bonnie P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.17%

Purchase Details

Closed on
Aug 17, 2001
Sold by
Reifers Georgiane
Bought by
Bank One National Assn and Structured Asset Securities Corp Series

Purchase Details

Closed on
Jul 29, 1998
Sold by
Reifers James L
Bought by
Reifers Georgiane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,400
Interest Rate
6.9%
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
Barrett Ryan C $395,119 Ticor
Fair Jeremy C -- Chicago Title
Fair Jeremy C $325,900 Chicago Title
Union Bank Na -- Ctc
Hagwood Matthew $116,339 First American Title Ins Co
Bank One National Assn $103,932 --
Reifers Georgiane -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrett Ryan C $223,000
Closed Barrett Yan C $80,000
Open Barret Ryan C $464,000
Closed Barrett Ryan C $180,000
Closed Barrett Ryan C $66,500
Closed Barrett Ryan C $382,000
Closed Barrett Ryan C $388,238
Previous Owner Fair Jeremy C $317,637
Previous Owner Hagwood Mathew W $360,000
Previous Owner Hagwood Matthew $80,000
Previous Owner Reifers Georgiane $95,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2015 03/17/15 Sold $395,400 -1.1% $108 / Sq Ft
01/25/2015 01/25/15 Pending -- -- --
12/29/2014 12/29/14 For Sale $399,900 -- $110 / 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 $8,041 $862,600 $255,200 $607,400
2024 $8,041 $841,200 $226,400 $614,800
2023 $8,041 $791,300 $226,400 $564,900
2022 $7,823 $862,300 $236,400 $625,900
2021 $7,767 $596,800 $154,800 $442,000
2019 $6,463 $549,800 $141,500 $408,300
2018 $6,427 $524,700 $131,800 $392,900
2017 $5,498 $458,900 $110,200 $348,700
2016 $4,844 $381,700 $85,600 $296,100
2014 $4,639 $342,600 $70,000 $272,600
2013 $4,639 $305,200 $63,300 $241,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 726740

Northwest Multiple Listing Service (NWMLS)

APN: 303700-1180