Listed by Heaton Dainard, LLC, Bought with Windermere Prof Partners
NOT LISTED FOR SALE
-- Bed
-- Bath
12,365 Sq Ft
0.95 Acres

Last Sold May 10, 2021

Last sale price $2,750,000 $222 Per Sq Ft

8 Days on Market

Highlights

  • 0.95 Acre Lot
  • Vinyl Plank Flooring
  • Wood Siding

About This Home

As of May 2021

Monta Vista Court is an 18 unit apartment building built in 1978. 7 of the units have been fully remodeled with laundry in unit. New roof in 2018 and updates to balconies. Unit mix consists of 1 x 3 bed/1 bath unit, 15 x 2 bed/1 bath units & 2 x 1 bed/1 bath units. Plenty of parking and always in high demand. Still room for investor to raise rents to market & add utility bill back. Opportunity to finish renovations on rest of units to fully maximize cash flow.

Last Agent to Sell the Property

James Dainard

Heaton Dainard, LLC License #108050 Listed on: 03/30/2021

Heaton Dainard, LLC

Co-Listed By

Jennifer Hafner

Heaton Dainard, LLC License #134914

Last Buyer's Agent

Anders Ibsen

Windermere Prof Partners License #21033248

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1750026

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,768

Year Built

  • Built in 1978

Lot Details

  • 0.95 Acre Lot

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 12,365 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring

Parking

  • 20 Parking Spaces
  • Open Parking

Community Details

  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0320317004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,768

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1978
  • Buyer Agency Compensation: 2%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 12365
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 20
  • Open Parking: Yes
  • Total Parking Spaces: 20
  • ParkingUncoveredSpaces: 20

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Lakeview Light & Power
  • SewerCompany: Pierce County Sewer
  • WaterCompany: Lakewood Water District
  • WaterSewerGarbage: 21105

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Lakewood
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0320317004
  • Lot Size Acres: 0.95
  • Lot Size Sq Ft: 41382
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 17916

Multi Family

  • Gross Scheduled Income: 208188
  • Net Operating Income: 121549
  • Number Of Units Total: 18
  • Insurance Expense: 9868
  • Leasable Area: 12330
  • EnergySource: Electric
  • UnitsInBuildingTotal: 18
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 20768

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2021 05/10/21 Sold $2,750,000 +10.0% $222 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $2,500,000 -- $202 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1750026

Northwest Multiple Listing Service (NWMLS)