NOT LISTED FOR SALE

3031 Bridgeport Way W University Place, WA 98466

Estimated Value: $683,000 - $835,000

4 Beds
4 Baths
2,272 Sq Ft
$326/Sq Ft Est. Value

Last Sold July 21, 2021

Last sale price $615,000 $271 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,714/month

2 Days on Market

Highlights

  • Patio
  • Property is Fully Fenced
  • 1-Story Property
  • Evergreen Primary School Rated A
  • Wall to Wall Carpet

About This Home

As of July 2021

Duplex in great location. Updated in 2020 with new floor coverings, interior paint, vinyl windows, garage door openers, new electrical fixtures and baseboard heaters. Crawlspace was redone with new insulation and vapor barrier. Roof was replaced 8 years ago. Fenced backyards with patios. Each unit has living room, kitchen, family room, master bedroom with full bathroom and utility room. Tenant A lease expires 7/30/21 and Tenant B on month to month.

Last Listed By

Jessica Alvestad

Coldwell Banker Bain License #122096 Listed on: 06/19/2021

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1794520

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,149

Year Built

  • Built in 1975

Lot Details

  • 0.36 Acre Lot
  • Street terminates at a dead end
  • Property is Fully Fenced

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,272 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Curtis Snr High School

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220104148

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,149

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1975
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2272
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 260

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: Pierce County Sewer
  • WaterCompany: TPU
  • WaterSewerGarbage: 2928

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: University Place
  • High School: Curtis Snr High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0220104148
  • Lot Size Acres: 0.3555
  • Lot Size Sq Ft: 15485
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3400

Multi Family

  • Gross Scheduled Income: 40800
  • Net Operating Income: 28487
  • Number Of Units Total: 2
  • Insurance Expense: 1004
  • Leasable Area: 2272
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6149

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2021
Closed on
Jul 19, 2021
Sold by
Eaton Randy K
Bought by
Peila Justin and Peila Tanya
Seller's Agent
Jessica Alvestad
Coldwell Banker Bain
Buyer's Agent
Monty Tuha
CENTURY 21 North Homes Realty
List Price
$590,000
Sold Price
$615,000
Premium/Discount to List
$25,000
4.24%
Total Days on Market
2
Current Estimated Value
$739,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,939
Avg. Annual Appreciation
5.25%
Original Mortgage
$461,250
Outstanding Balance
$426,028
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$322,531

Purchase Details

Closed on
Dec 14, 2009
Sold by
Boeing Employees Credit Union
Bought by
Eaton Randy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2008
Sold by
Crawford Jack
Bought by
Boeing Employees Cu

Range of Values:

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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
Peila Justin $615,000 Chicago Title Company Of Wa
Eaton Randy K $250,000 Northpoint Escrow Title
Boeing Employees Cu $267,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Peila Justin $0
Open Peila Justin $461,250
Previous Owner Eaton Randy K $178,000
Previous Owner Crawford Jack $187,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2021 07/21/21 Sold $615,000 +4.2% $271 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/19/2021 06/19/21 For Sale $590,000 -- $260 / 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 $7,098 $603,200 $308,600 $294,600
2023 $7,098 $592,500 $302,000 $290,500
2022 $6,597 $598,000 $302,000 $296,000
2021 $6,149 $440,000 $206,800 $233,200
2019 $4,285 $377,400 $175,500 $201,900
2018 $2,417 $324,200 $149,700 $174,500
2017 $3,960 $303,700 $124,100 $179,600
2016 $3,802 $225,000 $94,500 $130,500
2014 $3,695 $213,000 $88,100 $124,900
2013 $3,695 $202,600 $80,100 $122,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1794520

Northwest Multiple Listing Service (NWMLS)

APN: 022010-4148