Listed by Real Estate Gladiators, Bought with RE/MAX Exclusive
$430,000
SOLD DEC 27, 2024

217 Lake Louise Dr SW Unit A&B Lakewood, WA 98498

Central Lakes Neighborhood
2 Beds
2 Baths
1,144 Sq Ft
0.36 Acres

Recently Sold

$376 Per Sq Ft

4% Below List Price

Highlights

  • Lake View
  • Patio
  • Property is in very good condition
  • No HOA
  • Ceramic Tile Flooring
  • Wood Siding

About This Home

As of December 2024

GREAT RENTAL OR HOUSE HACK OPORTUNITY! You're going to love this! Both units have views of Lake Louise and lawn outfront plus patio in the back. Unit A is studio with full bath & full kitchen, fireplace and over 350 sq ft. Unit B would be great for an owner occupant. Shy 800 sq ft owner's unit has 2 bedrooms, full bath with skylight, woodstove insert for winter nights, full kitchen with all appliances...even washer & dryer included! French doors onto a big patio. There is a large pantry, fireplace and great Lake views from the living room. Both units have a dedicated carport. Quiet area. Storage shed for lawn mower & property maintenance. Live in 1, have the renter paydown some of your mortgage! Don't miss this!

Last Agent to Sell the Property

Greg Gallagher

Real Estate Gladiators License #107408 Listed on: 10/30/2024

Last Buyer's Agent

Brenda Kelley

RE/MAX Exclusive License #4981

RE/MAX Exclusive

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2306781

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,876

Year Built

  • Built in 1950

Lot Details

  • 0.36 Acre Lot
  • Property is in very good condition

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,144 Sq Ft Home
  • 1-Story Property
  • Lake Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Patio
  • Outbuilding

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Lake Louise Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0219043087

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,876

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1950
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1144
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Ceramic Tile, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

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

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Pierce County
  • WaterCompany: Lakewood Water District
  • WaterSewerGarbage: 840

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Clover Park
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0219043087
  • Lot Size Acres: 0.36
  • Lot Size Sq Ft: 15682
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings,Patio
  • MLSLotSizeSource: County
  • MLSSquareFootageSource: County
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.38
  • LeasedItems: None
  • TotalMonthlyIncome: 2800

Multi Family

  • Gross Scheduled Income: 33600
  • Net Operating Income: 26148
  • Number Of Units Total: 2
  • Electric Expense: 1200
  • Insurance Expense: 1200
  • Leasable Area: 1144
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2024
  • Tax Annual Amount: 3876

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2024
Closed on
Dec 18, 2024
Sold by
Santini Dominic
Bought by
Andrade Jordin
Seller's Agent
Greg Gallagher
Real Estate Gladiators
Buyer's Agent
Brenda Kelley
RE/MAX Exclusive
List Price
$449,900
Sold Price
$430,000
Premium/Discount to List
-$19,900
-4.42%
Views
24
Current Estimated Value
$465,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,823
Avg. Annual Appreciation
-0.45%
Original Mortgage
$16,888
Outstanding Balance
$13,846
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$414,792

Purchase Details

Closed on
Aug 29, 2022
Sold by
Santini Real Estate Group Llc
Bought by
Santini Dominic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 25, 2021
Sold by
Santini Dominic and Holt Katherine
Bought by
Santini Real Estate Group Llc

Purchase Details

Closed on
Jan 8, 2020
Sold by
Shargas Diane and Shargas George A
Bought by
Santini Dominic G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,736
Interest Rate
3.6%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 2, 2016
Sold by
Shargas Diane
Bought by
Shargas Diane

Purchase Details

Closed on
Jan 15, 2016
Sold by
Shargas Diane
Bought by
Shargas Diane

Purchase Details

Closed on
Oct 19, 2006
Sold by
Henry Robert and Henry Elizabeth
Bought by
Cramer Ronald P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,811
Interest Rate
6.39%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 27, 2005
Sold by
Henry Robert and Henry Elizabeth
Bought by
Cramer Ronald P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Warranty Deed $430,000 None Listed On Document
Warranty Deed $430,000 None Listed On Document
Quit Claim Deed -- Dimension Law Group
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $490,000 Cw Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- Fidelity National Title
Contract Of Sale $230,000 Fat
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $16,888 FHA
Closed $16,888 FHA
Open $422,211 FHA
Closed $422,211 FHA
Previous Owner $100,000 Credit Line Revolving
Previous Owner $200,500 New Conventional
Previous Owner $393,736 FHA
Previous Owner $170,000 New Conventional
Previous Owner $171,400 New Conventional
Previous Owner $20,000 Unknown
Previous Owner $177,811 Seller Take Back
Previous Owner $180,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2024 12/27/24 Sold $430,000 0.0% $376 / Sq Ft
12/01/2024 12/01/24 Pending -- -- --
12/01/2024 12/01/24 Price Changed $430,000 -4.4% $376 / Sq Ft
10/30/2024 10/30/24 For Sale $449,900 -- $393 / 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 $3,876 $394,500 $194,500 $200,000
2024 $3,876 $374,500 $187,800 $186,700
2023 $3,876 $352,100 $183,900 $168,200
2022 $3,495 $368,100 $190,900 $177,200
2021 $3,295 $247,300 $130,100 $117,200
2019 $2,598 $228,400 $113,100 $115,300
2018 $2,799 $211,100 $106,700 $104,400
2017 $2,597 $186,300 $89,900 $96,400
2016 $2,165 $148,300 $64,000 $84,300
2014 $1,867 $133,000 $55,600 $77,400
2013 $1,867 $114,900 $45,700 $69,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2306781

Northwest Multiple Listing Service (NWMLS)

APN: 021904-3087