Listed by John L. Scott R.E. Lake Tapps, Bought with Theory Real Estate
$415,000
SOLD APR 30, 2020
-- Bed
-- Bath
4,231 Sq Ft
0.57 Acres

Recently Sold

$98 Per Sq Ft

4% Above List Price

3 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • Partially Fenced Property
  • 0.57 Acre Lot
  • High Speed Internet
  • Wood Siding

About This Home

As of July 2021

Investment opportunity in Bonney Lake. Spacious Duplex with lots of interior upgrades. Both units have been remodeled and show well.
Unit #1 Features include 3 bedrooms, 1.5 bath, spacious living rm w/wood burning fireplace, light & bright updated kitchen, formal dining rm.
Unit #2 Features include 2 bedroom, 1 bath, plus bonus rm which could be den/office, big completely remodeled kitchen, large living rm with fireplace, new laminate wood floors. Great location, with high demand.

Last Agent to Sell the Property

Todd Stanfield

John L. Scott R.E. Lake Tapps License #34346 Listed on: 04/06/2020

John L. Scott R.E. Lake Tapps

Last Buyer's Agent

Ronald Dudley

Theory Real Estate License #128719

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1587123

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,372

Year Built

  • Built in 1960

Lot Details

  • 0.57 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 4,231 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • 1 Covered Space
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck

Schools

  • Liberty Ridge Elementary School
  • Mtn View Middle School
  • Bonney Lake High School

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Bonney Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0519105006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,372

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1960
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4231
  • Special Features: None
  • Cumulative Days on Market: 349

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Septic System, Electric, Natural Gas Connected
  • PowerCompany: PSE
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Sumner
  • High School: Bonney Lake High
  • Middle Or Junior School: Mtn View Middle

Lot Info

  • Parcel Number: 0519105006
  • Lot Size Acres: 0.5682
  • Lot Size Sq Ft: 24750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,RV Parking
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 3175

Multi Family

  • Gross Scheduled Income: 38100
  • Net Operating Income: 31328
  • Number Of Units Total: 2
  • Insurance Expense: 1100
  • Leasable Area: 4231
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5372

MLS Schools

  • Elementary School: Liberty Ridge Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Jul 12, 2021
Sold by
Blair Alvina
Bought by
Blair Robert Nicholas
Seller's Agent
Erik Edvalds
Theory Real Estate
Buyer's Agent
Jonathan Harper
Keller Williams Realty
List Price
$569,000
Sold Price
$575,000
Premium/Discount to List
$6,000
1.05%
Current Estimated Value
$729,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,321
Avg. Annual Appreciation
5.77%
Original Mortgage
$431,250
Outstanding Balance
$392,985
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$329,799

Purchase Details

Listed on
Apr 6, 2020
Closed on
Apr 27, 2020
Sold by
Marshall William A and Marshall Teresa
Bought by
Edvalds Erik and Edvalds Victoria
Seller's Agent
Todd Stanfield
John L. Scott R.E. Lake Tapps
Buyer's Agent
Ronald Dudley
Theory Real Estate
List Price
$399,900
Sold Price
$415,000
Premium/Discount to List
$15,100
3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.93%
Original Mortgage
$394,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2003
Sold by
Lioce Rosemary E
Bought by
Marshall William A and Marshall Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Interfamily Deed Transfer -- Chicago Title Company Of Wa
Warranty Deed $575,000 Chicago Title Company Of Wa
Warranty Deed $415,000 Ticor Title
Warranty Deed $220,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $431,250 New Conventional
Previous Owner $394,250 New Conventional
Previous Owner $240,000 Unknown
Previous Owner $198,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold $575,000 +1.1% $136 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $569,000 +37.1% $134 / Sq Ft
04/30/2020 04/30/20 Sold $415,000 +3.8% $98 / Sq Ft
04/09/2020 04/09/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $399,900 -- $95 / 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 $6,811 $656,000 $272,300 $383,700
2024 $6,811 $669,800 $267,500 $402,300
2023 $6,811 $632,700 $257,800 $374,900
2022 $5,809 $605,200 $274,800 $330,400
2021 $5,743 $413,600 $167,900 $245,700
2019 $4,687 $375,400 $146,700 $228,700
2018 $4,888 $378,200 $139,100 $239,100
2017 $4,191 $326,300 $111,900 $214,400
2016 $3,727 $254,700 $84,900 $169,800
2014 $3,607 $243,700 $80,500 $163,200
2013 $3,607 $224,600 $67,300 $157,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1587123

Northwest Multiple Listing Service (NWMLS)

APN: 051910-5006