NOT LISTED FOR SALE

4421 76th Ave W University Place, WA 98466

Estimated Value: $945,791 - $1,000,000

8 Beds
6 Baths
3,952 Sq Ft
$246/Sq Ft Est. Value

Last Sold August 04, 2017

Last sale price $525,000 $133 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $6,178/month

Highlights

  • Patio
  • High Speed Internet
  • Wood Siding
  • Evergreen Primary School Rated A
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of August 2017

Time to step up to the multifamily challenge and own this well maintained 4-plex located in University Place. This is a great buy as these type of units rarely come available. Wonderful location within walking distance to UP shopping center. Units are always rented. Each unit has 2 bedrooms and 1.5 baths, with in unit wash and dryers - no outside laundry. Wood burning fireplace and roomy living and eating areas. Units are cozy and welcoming and have long term tenants - very low turnover.

Last Listed By

Dottie Hoagland

eXp Realty License #27307 Listed on: 06/21/2017

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1147501

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,151

Year Built

  • Built in 1974

Lot Details

  • 9,111 Sq Ft Lot
  • Partially Fenced Property
  • Sprinkler System
  • Property is in average condition

HOA Fees

  • $142 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 3,952 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2653000131

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,151

Year Built

Built in 1974

Lot Details

0

HOA Fees

$142 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1974
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3952
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 439

Condo/Co-op/Association

  • Association Fee: 1700
  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 2653000131
  • Lot Size Acres: 0.2092
  • Lot Size Sq Ft: 9111
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: Tax Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: Washer/Dryer,Water Tank
  • TotalMonthlyIncome: 4200

Multi Family

  • Gross Scheduled Income: 49800
  • Number Of Units Total: 6
  • Electric Expense: 20
  • Insurance Expense: 780
  • Leasable Area: 3952
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 6151

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2017
Closed on
Aug 2, 2017
Sold by
Wang Zhiyu
Bought by
Chu Jian
List Price
$525,000
Sold Price
$525,000
Total Days on Market
0
Current Estimated Value
$972,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$447,896
Avg. Annual Appreciation
8.18%
Original Mortgage
$393,750
Outstanding Balance
$331,938
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$639,973
Source: Public Records

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Range of Values:

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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
Chu Jian -- Wfg Natl Title
Chu Jian $524,719 Wfg Natl Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Jian $393,750
Previous Owner Aboubakr Karim $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2017 08/04/17 Sold $525,000 0.0% $133 / Sq Ft
06/22/2017 06/22/17 Pending -- -- --
06/22/2017 06/22/17 For Sale $525,000 -- $133 / 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 $10,460 $838,900 $274,000 $564,900
2023 $10,460 $879,900 $278,800 $601,100
2022 $9,736 $916,500 $278,800 $637,700
2021 $9,011 $645,700 $188,600 $457,100
2019 $6,586 $542,800 $161,600 $381,200
2018 $7,198 $500,800 $141,800 $359,000
2017 $6,151 $453,300 $120,800 $332,500
2016 $5,185 $327,100 $87,800 $239,300
2014 $4,870 $289,500 $77,200 $212,300
2013 $4,870 $274,900 $70,200 $204,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1147501

Northwest Multiple Listing Service (NWMLS)

APN: 265300-0131