NOT LISTED FOR SALE

Estimated Value: $857,000 - $1,048,000

6 Beds
7 Baths
3,764 Sq Ft
$259/Sq Ft Est. Value

Last Sold April 25, 2019

Last sale price $585,000 $155 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $6,140/month

50 Days on Market

Highlights

  • Lake View
  • Deck
  • Partially Fenced Property
  • Emerald Hills Elementary School Rated A-
  • Patio
  • Wall to Wall Carpet

About This Home

As of April 2019

GREAT opportunity to own a newer duplex close to Lake Tapps. Live in one side and collect income from the other, or keep it as an investment. Includes year-round access to a beautiful private park on the lake with a boat launch, swimming area, and a nice picnic area with plenty of room to relax and play. Each side includes 3 bedrooms, plus an office and 3.5 baths. Partial views of the lake from both units, too. Large lot in back presents many opportunities. Don't let this one pass you by!

Last Agent to Sell the Property

Jim Clifford

Washington Realty Group License #16818 Listed on: 01/25/2019

Co-Listed By

Jason Clifford

SJC Management Group License #24336

Last Buyer's Agent

Sandee Baker

Zaran Sayre & Associates, Inc. License #23401

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1403411

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,162

Year Built

  • Built in 2007

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 70x202x70x202
  • Partially Fenced Property
  • Property is in good condition

HOA Fees

  • $10 Monthly HOA Fees

Property Views

  • Lake
  • Limited

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,764 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Community Details

  • Lake Tapps Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3037001220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,162

Year Built

Built in 2007

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2007
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3764
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 299

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Lake, Partial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: City of Bonney Lake
  • WaterCompany: City of Bonney Lake
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Association Fee: 125
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Sumner
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3037001220
  • Lot Size Acres: 0.3214
  • Lot Size: 70x202x70x202
  • Lot Size Sq Ft: 14000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Gas Available,Patio
  • MLSLotSizeSource: tax assessor
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3245

Multi Family

  • Gross Scheduled Income: 38940
  • Net Operating Income: 28751
  • Number Of Units Total: 2
  • Insurance Expense: 729
  • Leasable Area: 3764
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2018
  • Tax Annual Amount: 6162

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2019
Closed on
Apr 23, 2019
Sold by
Latta Tom and Latta Karen
Bought by
Barry J Halsted and Barry Sheila Kessler Fmtr
Seller's Agent
Jim Clifford
Washington Realty Group
Buyer's Agent
Sandee Baker
Zaran Sayre & Associates, Inc.
List Price
$595,000
Sold Price
$585,000
Premium/Discount to List
-$10,000
-1.68%
Total Days on Market
50
Current Estimated Value
$975,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,915
Avg. Annual Appreciation
8.74%

Purchase Details

Closed on
Aug 3, 2011
Sold by
Clifford James R and Clifford Susan M
Bought by
Latta Tom and Latta Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2006
Sold by
Zeisel Judith
Bought by
Clifford James R and Clifford Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.57%
Mortgage Type
Construction
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
Barry J Halsted $680,588 Fidelity National Title
Latta Tom $295,000 The Talon Group
Clifford James R $170,000 Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Latta Karen $280,000
Previous Owner Latta Tom $206,500
Previous Owner Clifford James R $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2019 04/25/19 Sold $585,000 -1.7% $155 / Sq Ft
03/16/2019 03/16/19 Pending -- -- --
03/15/2019 03/15/19 For Sale $595,000 +1.7% $158 / Sq Ft
02/21/2019 02/21/19 Off Market $585,000 -- --
01/25/2019 01/25/19 For Sale $595,000 -- $158 / 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
2024 $7,813 $814,400 $226,400 $588,000
2023 $7,813 $768,900 $226,400 $542,500
2022 $7,612 $842,700 $236,400 $606,300
2021 $7,503 $576,500 $154,800 $421,700
2019 $6,223 $530,300 $141,500 $388,800
2018 $6,162 $505,200 $131,800 $373,400
2017 $5,272 $440,000 $110,200 $329,800
2016 $4,632 $366,900 $85,600 $281,300
2014 $3,842 $327,600 $70,000 $257,600
2013 $3,842 $292,100 $63,300 $228,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1403411

Northwest Multiple Listing Service (NWMLS)

APN: 303700-1220