Listed by Apple Realty, Inc., Bought with Engel & Voelkers Chambers Bay
$945,000
SOLD SEP 28, 2018

3006 Morrison Rd W University Place, WA 98466

-- Bed
-- Bath
6,728 Sq Ft
0.61 Acres

Recently Sold

$140 Per Sq Ft

1% Below List Price

6 Days on Market

Highlights

  • RV Access or Parking
  • 0.61 Acre Lot
  • Secluded Lot
  • Evergreen Primary School Rated A
  • Deck
  • Thermal Windows

About This Home

As of October 2023

Incredible University Place Investment! Two duplexes, each unit has 3 bedrooms, 1.75 baths, one car attached garages, fireplace, deck/patio, forced air heating, vaulted ceilings, rec-rooms, and more. Always quick to rent. Full Tacoma energy package done a few years ago. Extra large lot, potential room to add another building. Private driveway to these secluded units.
Ample extra parking. UP Schools
Maybe convert to condos? There are very little affordable multiplexes in U.P. or Fircrest!

Last Agent to Sell the Property

Dave Matzen

Apple Realty, Inc. License #12618 Listed on: 08/16/2018

Last Buyer's Agent

Pat Busick

Engel & Voelkers Chambers Bay License #115364

Engel & Voelkers Chambers Bay

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1343552

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,212

Year Built

  • Built in 1974

Lot Details

  • 0.61 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Property is in very good condition

Home Design

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

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 10 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

  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9435000161

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,212

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
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Brokerage based upon net sales price
  • Special Features: None
  • Cumulative Days on Market: 336

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Open Space, Paved, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Tacoma
  • SewerCompany: Pierce
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 4356

Schools

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

Lot Info

  • Parcel Number: 9435000161
  • Lot Size Acres: 0.6071
  • Lot Size Sq Ft: 26446
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Patio,RV Parking
  • MLSLotSizeSource: Pierce County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 5600

Multi Family

  • Gross Scheduled Income: 67200
  • Net Operating Income: 62844
  • Number Of Units Total: 4
  • Insurance Expense: 843
  • Leasable Area: 4424
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 10212

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%
Views
28
Current Estimated Value
$1,205,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$144,881
Avg. Annual Appreciation
-7.32%

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
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 $1,350,000 Fidelity National Title
Warranty Deed $1,350,000 Fidelity National Title
Warranty Deed $944,719 Ticor Title
Warranty Deed $944,719 Ticor Title
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $700,000 New Conventional
Previous Owner $708,750 New Conventional
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
2025 $13,943 $1,320,000 $369,700 $950,300
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

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1343552

Northwest Multiple Listing Service (NWMLS)

APN: 943500-0161