Listed by John L. Scott R.E. Lake Tapps, Bought with Flyhomes
NOT LISTED FOR SALE

21219 120th St E Unit 1 & 2 Bonney Lake, WA 98391

Prairie Ridge Neighborhood

Estimated Value: $524,880 - $609,000

4 Beds
2 Baths
1,650 Sq Ft
$336/Sq Ft Est. Value

Last Sold March 18, 2021

Last sale price $414,000 $251 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,423/month

53 Days on Market

Highlights

  • Deck
  • Wall to Wall Carpet
  • 1-Story Property
  • Property is Fully Fenced

About This Home

As of March 2021

Great Duplex in ideal location of Bonney Lake, close to schools, parks and shopping. Both units are 2 bedroom, have
updating and great rental history, rents are low - lot's of potential for increased return on investment. Newer roof,
laminate floors, one unit with completely remodeled kitchen, covered parking for 2 cars each side (4 total ), large home site,
fully fenced yard.

Last Agent to Sell the Property

Todd Stanfield

John L. Scott R.E. Lake Tapps License #34346 Listed on: 12/07/2020

John L. Scott R.E. Lake Tapps

Last Buyer's Agent

Linda Kahle

Flyhomes License #138537

Flyhomes

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1695873

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,907

Year Built

  • Built in 1943

Lot Details

  • 0.34 Acre Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 1,650 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

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

Utilities

  • Septic Tank
  • Septic System

Community Details

  • Bonney Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 051910-5-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,907

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1943
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1650
  • Special Features: None
  • Cumulative Days on Market: 356

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: PartiallyFenced
  • Utilities: Septic System, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: Tacoma Public Utility
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 051910-5-007
  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 2050

Multi Family

  • Gross Scheduled Income: 24600
  • Net Operating Income: 19893
  • Number Of Units Total: 6
  • Insurance Expense: 800
  • Leasable Area: 1650
  • EnergySource: Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 3907

MLS Schools

  • Elementary School: Liberty Ridge Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2020
Closed on
Mar 17, 2021
Sold by
Hall Camarina
Bought by
Hall Eric
Seller's Agent
Todd Stanfield
John L. Scott R.E. Lake Tapps
Buyer's Agent
Linda Kahle
Flyhomes
List Price
$399,000
Sold Price
$414,000
Premium/Discount to List
$15,000
3.76%
Current Estimated Value
$558,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,358
Avg. Annual Appreciation
7.07%
Original Mortgage
$310,500
Outstanding Balance
$279,603
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$280,275

Purchase Details

Listed on
Dec 7, 2020
Closed on
Mar 12, 2021
Sold by
Marshall William A and Marshall Teresa A
Bought by
Dibble Ryan S and Dibble Joss L
Seller's Agent
Todd Stanfield
John L. Scott R.E. Lake Tapps
Buyer's Agent
Linda Kahle
Flyhomes
List Price
$399,000
Sold Price
$414,000
Premium/Discount to List
$15,000
3.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,500
Outstanding Balance
$279,603
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$280,275

Purchase Details

Closed on
May 24, 1999
Sold by
Lioce Rosemary E
Bought by
Marshall William A and Marshall Teresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,050
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
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
Hall Eric -- Ticor Title
Dibble Ryan S $414,000 Ticor Title
Marshall William A $134,500 Rainier Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dibble Ryan S $310,500
Previous Owner Marshall Teresa A $150,000
Previous Owner Marshall William A $121,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2021 03/18/21 Sold $414,000 +3.8% $251 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $399,000 0.0% $242 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $399,000 0.0% $242 / Sq Ft
12/13/2020 12/13/20 Pending -- -- --
12/07/2020 12/07/20 For Sale $399,000 -- $242 / 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 $4,577 $430,000 $239,800 $190,200
2024 $4,577 $441,300 $235,500 $205,800
2023 $4,577 $418,000 $226,900 $191,100
2022 $4,300 $410,300 $241,900 $168,400
2021 $4,214 $299,200 $146,500 $152,700
2019 $3,440 $269,400 $128,000 $141,400
2018 $2,710 $256,700 $121,400 $135,300
2017 $2,710 $218,600 $97,700 $120,900
2016 $2,409 $161,000 $72,000 $89,000
2014 $2,278 $154,000 $68,300 $85,700
2013 $2,278 $138,900 $57,100 $81,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1695873

Northwest Multiple Listing Service (NWMLS)

APN: 051910-5007