NOT LISTED FOR SALE

2607 Crystal Springs Rd W Unit A&B University Place, WA 98466

Estimated Value: $667,000 - $896,000

4 Beds
3 Baths
2,632 Sq Ft
$299/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $420,000 $160 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $5,065/month

47 Days on Market

Highlights

  • Property is in very good condition
  • Wall to Wall Carpet
  • 1-Story Property
  • University Place Primary School Rated A

About This Home

As of September 2019

This is one of two duplexes in a little cul-de-sac/driveway on Crystal Springs. Fresh paint, fresh landscaping, these units are a nice rental investment opportunity. One unit just became vacant and is being turned over and should be ready for showing by 7/21. Ideal location and super easy to rent.

Last Listed By

Greg Pubols

Century 21 Blue Chip License #18735 Listed on: 07/05/2019

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1478540

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,462

Year Built

  • Built in 1978

Lot Details

  • 0.34 Acre Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 2,632 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 335500-115-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,462

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1978
  • Buyer Agency Compensation: 3.0%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2632
  • Special Features: None
  • Cumulative Days on Market: 301

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: Pierce County
  • WaterCompany: TPU
  • WaterSewerGarbage: 5511

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: University Place

Lot Info

  • Parcel Number: 335500-115-2
  • Lot Size Acres: 0.3356
  • Lot Size Sq Ft: 14620
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 2600

Multi Family

  • Gross Scheduled Income: 34800
  • Net Operating Income: 22627
  • Number Of Units Total: 6
  • Insurance Expense: 1200
  • Leasable Area: 2632
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 5462

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2024
Sold by
Gjertsen Joseph
Bought by
Trowbridge Tyler L
Total Days on Market
47
Current Estimated Value
$786,066

Purchase Details

Listed on
Jul 5, 2019
Closed on
Sep 20, 2019
Sold by
Gjertsen Lauren
Bought by
Gjertsen Joseph
Seller's Agent
Greg Pubols
Century 21 Blue Chip
Buyer's Agent
Derek Johnson
Keller Williams Rty Tacoma
List Price
$455,000
Sold Price
$420,000
Premium/Discount to List
-$35,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.62%
Original Mortgage
$345,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2019
Closed on
Sep 19, 2019
Sold by
University Place Presbyterian Church
Bought by
Trowbridge Tyler Lee and Gjertsen Joseph
Seller's Agent
Greg Pubols
Century 21 Blue Chip
Buyer's Agent
Derek Johnson
Keller Williams Rty Tacoma
List Price
$455,000
Sold Price
$420,000
Premium/Discount to List
-$35,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 1997
Sold by
Lincoln Mary L
Bought by
University Place Presbyterian Church

Purchase Details

Closed on
May 15, 1996
Sold by
Cullen Vivian J
Bought by
Lincoln Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,056
Interest Rate
8%
Mortgage Type
Seller Take Back

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
Trowbridge Tyler L -- None Listed On Document
Gjertsen Joseph -- Wfg National Title
Trowbridge Tyler Lee -- Wfg Natl Title
Trowbridge Tyler Lee $419,719 Wfg National Title
University Place Presbyterian Church $232,679 Commonwealth Title Company
Lincoln Mary L $197,719 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trowbridge Tyler Lee $406,000
Previous Owner Trowbridge Tyler Lee $345,000
Previous Owner University Place Presbyterian Church $5,000,000
Previous Owner Lincoln Mary L $14,056
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2019 09/20/19 Sold $420,000 -4.5% $160 / Sq Ft
08/21/2019 08/21/19 Pending -- -- --
08/14/2019 08/14/19 Price Changed $440,000 -3.3% $167 / Sq Ft
08/08/2019 08/08/19 For Sale $455,000 0.0% $173 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
07/31/2019 07/31/19 Price Changed $455,000 -4.2% $173 / Sq Ft
07/29/2019 07/29/19 For Sale $475,000 0.0% $180 / Sq Ft
07/23/2019 07/23/19 Pending -- -- --
07/05/2019 07/05/19 For Sale $475,000 -- $180 / 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 $7,978 $705,400 $309,700 $395,700
2023 $7,978 $669,400 $301,900 $367,500
2022 $7,605 $686,200 $315,800 $370,400
2021 $6,813 $489,700 $203,300 $286,400
2019 $5,462 $457,900 $181,800 $276,100
2018 $5,812 $419,300 $159,500 $259,800
2017 $5,108 $368,700 $132,200 $236,500
2016 $4,755 $291,700 $104,100 $187,600
2014 $4,174 $270,500 $96,700 $173,800
2013 $4,174 $248,000 $86,800 $161,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1478540

Northwest Multiple Listing Service (NWMLS)

APN: 335500-1152