NOT LISTED FOR SALE

3006 Morrison Rd W University Place, WA 98466

Estimated Value: $995,000 - $1,412,000

12 Beds
6 Baths
6,728 Sq Ft
$175/Sq Ft Est. Value

Last Sold October 04, 2023

Last sale price $1,350,000 $201 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $7,732/month

42 Days on Market

Highlights

  • RV Access or Parking
  • 0.61 Acre Lot
  • Deck
  • Evergreen Primary School Rated A
  • Mountain View
  • No HOA

About This Home

As of October 2023

Discover an exceptional investment opportunity in the heart of University Place - not one, but TWO duplexes, each with 3 generously-sized bedrooms and 1.75 baths in each unit. Tenants love the vaulted ceilings and thoughtfully designed spaces. Each unit has a living room, rec room and deck with fully fenced yard providing privacy. A sprawling extra-large lot provides ample space for cars, combined with the ease of attached one car garages for each unit. New roof installed on 3008 A/B 2 years ago and each unit has undergone periodic updates. UP school district and a high walkability score to UP town center make this an excellent investment opportunity!

Last Listed By

Pat Busick

Engel & Voelkers Chambers Bay License #115364 Listed on: 07/24/2023

Engel & Voelkers Chambers Bay

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2142369

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,360

Year Built

  • Built in 1974

Lot Details

  • 0.61 Acre Lot
  • Cul-De-Sac
  • Property is Fully Fenced
  • Property is in good condition

Property Views

  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 6,728 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 14 Parking Spaces
  • 4 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Evergreen Primary Elementary School
  • Curtis Jnr High Middle School
  • Curtis Snr High School

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 943500-016-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,360

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1974
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6728
  • Special Features: None
  • Cumulative Days on Market: 279

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Territorial
  • Lot Features: Cul-De-Sac, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Tacoma
  • SewerCompany: Pierce
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 4925

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: University Place
  • High School: Curtis Snr High
  • Middle Or Junior School: Curtis Jnr High

Lot Info

  • Parcel Number: 943500-016-1
  • Lot Size Acres: 0.6071
  • Lot Size Sq Ft: 26446
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: Tax Records
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16.18
  • LeasedItems: None
  • TotalMonthlyIncome: 7700

Multi Family

  • Gross Scheduled Income: 92400
  • Net Operating Income: 70628
  • Number Of Units Total: 4
  • Insurance Expense: 3487
  • Leasable Area: 6728
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 13360

MLS Schools

  • Elementary School: Evergreen Primary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Sep 28, 2023
Sold by
Lu Ting-I and Lu Anne
Bought by
Pine Real Estate Llc
Seller's Agent
Pat Busick
Engel & Voelkers Chambers Bay
Buyer's Agent
Angelia Porietis
Kelly Right RE of Seattle LLC
List Price
$1,495,000
Sold Price
$1,350,000
Premium/Discount to List
-$145,000
-9.7%
Total Days on Market
42
Views
28
Current Estimated Value
$1,179,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$170,602
Avg. Annual Appreciation
-8.25%

Purchase Details

Listed on
Aug 16, 2018
Closed on
Sep 14, 2018
Sold by
Garner Douglas V and Alexander Carolyn I
Bought by
Lu Ting I and Dionisio Anne
Seller's Agent
Dave Matzen
Apple Realty, Inc.
Buyer's Agent
Pat Busick
Engel & Voelkers Chambers Bay
List Price
$950,000
Sold Price
$945,000
Premium/Discount to List
-$5,000
-0.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.36%
Original Mortgage
$708,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 1978
Sold by
Reimer Marie V
Bought by
Garner Douglas V and Nolan Carolyn I

Range of Values:

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Average Value
Not Available
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
Pine Real Estate Llc $1,350,000 Fidelity National Title
Lu Ting I $944,719 Ticor Title
Garner Douglas V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lu Ting I $700,000
Previous Owner Lu Ting I $708,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2023 10/04/23 Sold $1,350,000 -3.6% $201 / Sq Ft
09/04/2023 09/04/23 Pending -- -- --
09/01/2023 09/01/23 Price Changed $1,400,000 -6.4% $208 / Sq Ft
07/24/2023 07/24/23 For Sale $1,495,000 +58.2% $222 / Sq Ft
09/28/2018 09/28/18 Sold $945,000 -0.5% $140 / Sq Ft
08/22/2018 08/22/18 Pending -- -- --
08/16/2018 08/16/18 For Sale $950,000 -- $141 / 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 $13,943 $1,204,100 $383,400 $820,700
2023 $13,943 $1,163,900 $370,000 $793,900
2022 $13,032 $1,179,000 $370,000 $809,000
2021 $12,359 $885,400 $253,400 $632,000
2019 $8,804 $768,600 $215,100 $553,500
2018 $8,316 $668,100 $189,500 $478,600
2017 $8,316 $644,100 $157,100 $487,000
2016 $7,998 $477,400 $119,600 $357,800
2014 $7,651 $450,200 $111,500 $338,700
2013 $7,651 $437,300 $101,400 $335,900
Source: Public Records

Agents Affiliated with this Home

  • Pat Busick

    Seller's Agent in 2023

    Pat Busick

    Engel & Voelkers Chambers Bay

    (253) 732-8750

    Section Image

  • A

    Buyer's Agent in 2023

    Angelia Porietis

    Kelly Right RE of Seattle LLC

    (206) 525-5235

    1 in this area

    5 Total Sales

    Angelia Porietis
    Section Image
  • Dave Matzen

    Seller's Agent in 2018

    Dave Matzen

    Apple Realty, Inc.

    (253) 381-4724

    6 in this area

    24 Total Sales

    Dave Matzen
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2142369

Northwest Multiple Listing Service (NWMLS)

APN: 943500-0161

Washington Pierce County University Place 98466

3006 Morrison Rd W, University Place, WA

Homes for Sale in University Place, WA

This home is located at 3006 Morrison Rd W, University Place, WA 98466 since 24 July 2023 and is currently estimated at $1,179,398, approximately $175 per square foot. This property was built in 1974. 3006 Morrison Rd W is a home located in Pierce County with nearby schools including Evergreen Primary School, Sunset Primary School, and Drum Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.