NOT LISTED FOR SALE

2215 E Day Island Blvd W University Place, WA 98466

Estimated Value: $851,000 - $974,000

4 Beds
3 Baths
2,858 Sq Ft
$326/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $655,000 $229 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $6,016/month

32 Days on Market

Highlights

  • Low Bank Waterfront Property
  • Views of a Sound
  • Wood Flooring
  • University Place Primary School Rated A
  • Deck
  • High Speed Internet

About This Home

As of June 2018

Day Island Living. Rare low bank waterfront Triplex. Perfect for lifestyle lovers who want rental income or the ultimate family compound. Updated and remodeled, rental income in place. Each unit occupies a floor for views and natural light. Upper unit is 1 bedroom, 1 bath with view deck. Main level with 2 bedrooms, 1 bath with large living area, second sitting room and fireplace. Lower unit is 1 bedroom, 1 bathroom and comes completely furnished, highly successful VRBO. One car garage, low bank.

Last Agent to Sell the Property

Michael McNiel

Engel & Voelkers Chambers Bay License #23756 Listed on: 04/25/2018

Engel & Voelkers Chambers Bay

Co-Listed By

Lisa Carlson

Engel & Voelkers Chambers Bay License #18647

Last Buyer's Agent

Sonia Grunberg

RE/MAX Northwest License #18148

RE/MAX Northwest

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1278414

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,043

Year Built

  • Built in 1925

Lot Details

  • 9,109 Sq Ft Lot
  • Low Bank Waterfront Property
  • Home fronts a sound
  • Property is in very good condition

Property Views

  • Views of a Sound
  • Bay
  • Territorial

Home Design

  • Triplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 2,858 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 1 Parking Space
  • 1 Covered Space

Outdoor Features

  • Deck

Utilities

  • Radiator
  • High Speed Internet
  • Cable TV Available

Community Details

  • Day Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3425001260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,043

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1925
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2858
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 294

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Radiator, Hardwood, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Clubhouse

Exterior Features

  • Roof: Composition, Torch Down
  • View: Bay, Sound, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront Features: Bank-Low, Saltwater, Sound
  • Waterfront: Yes
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: No
  • Total Parking Spaces: 1
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Oil
  • PowerCompany: TPU
  • SewerCompany: Pierce County
  • WaterCompany: TPU
  • WaterSewerGarbage: 1602

Fee Information

  • Annual Fuel Expense: 2498

Schools

  • Junior High Dist: University Place

Lot Info

  • Parcel Number: 3425001260
  • Lot Size Acres: 0.2091
  • Lot Size Sq Ft: 9109
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Oil

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 4035

Multi Family

  • Gross Scheduled Income: 48420
  • Net Operating Income: 33406
  • Number Of Units Total: 3
  • Electric Expense: 2423
  • Insurance Expense: 997
  • Leasable Area: 2858
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 1

Tax Info

  • Year: 2017
  • Tax Annual Amount: 6043

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2018
Sold by
Tax Deferred Exchange Services Inc
Bought by
Cowan Susan J
Total Days on Market
32
Current Estimated Value
$931,333

Purchase Details

Listed on
Apr 25, 2018
Closed on
Jun 26, 2018
Sold by
Carlin Angela B and Carlin Matthew S
Bought by
Tax Deferred Exchange Services Inc
Seller's Agent
Michael McNiel
Engel & Voelkers Chambers Bay
Buyer's Agent
Sonia Grunberg
RE/MAX Northwest
List Price
$675,000
Sold Price
$655,000
Premium/Discount to List
-$20,000
-2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.86%

Purchase Details

Listed on
Mar 24, 2015
Closed on
Apr 20, 2015
Sold by
Marsh Guy E and Marsh Janet G
Bought by
Carlin Angela B and Carlin Matthew S
Seller's Agent
Barbara Sommerville
Better Properties N. Proctor
Buyer's Agent
Marguerite Martin
Windermere Prof Partners
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.57%
Original Mortgage
$441,849
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 14, 2007
Sold by
Marsh Guy E
Bought by
Marsh Guy E
Source: Public Records

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Range of Values:

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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
Cowan Susan J -- Accommodation
Tax Deferred Exchange Services Inc $654,719 Attorneys Title
Carlin Angela B $449,719 Fidelity National Title
Marsh Guy E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carlin Angela B $441,849
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2018 06/29/18 Sold $655,000 -3.0% $229 / Sq Ft
05/27/2018 05/27/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $675,000 0.0% $236 / Sq Ft
05/02/2018 05/02/18 Pending -- -- --
04/25/2018 04/25/18 For Sale $675,000 +50.0% $236 / Sq Ft
04/30/2015 04/30/15 Sold $450,000 0.0% $184 / Sq Ft
03/27/2015 03/27/15 Pending -- -- --
03/25/2015 03/25/15 For Sale $450,000 -- $184 / 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 $9,641 $886,400 $460,000 $426,400
2023 $9,641 $831,100 $496,300 $334,800
2022 $8,406 $848,400 $523,200 $325,200
2021 $7,755 $571,100 $321,900 $249,200
2019 $6,058 $468,300 $250,400 $217,900
2018 $6,021 $479,200 $238,500 $240,700
2017 $5,996 $392,300 $217,000 $175,300
2016 $5,182 $326,700 $193,200 $133,500
2014 -- $305,000 $176,500 $128,500
2013 -- $316,100 $181,200 $134,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1278414

Northwest Multiple Listing Service (NWMLS)

APN: 342500-1260