NOT LISTED FOR SALE

Estimated Value: $820,000

-- Bed
-- Bath
5,224 Sq Ft
$157/Sq Ft Est. Value

Last Sold October 28, 2019

Last sale price $650,000 $124 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,028/month

105 Days on Market

Highlights

  • Patio
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of October 2019

There are 5 units and a house on 1 parcel. House is vacant and is to be sold as is. It was rented for $1,250. until April 1, 2019. It is separated from the 5 plex by a 6 foot fence.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,955

Year Built

  • Built in 1972

Lot Details

  • 0.37 Acre Lot
  • Partially Fenced Property
  • Property is in average condition

Parking

  • 7 Parking Spaces

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 5,224 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Patio

Schools

  • Lakeview Elementary School
  • Lochburn Mid Middle School
  • Clover Park High School

Community Details

  • Lakeview Condos
  • Lakewood Subdivision

Listing and Financial Details

  • Legal Lot and Block 10 Thru 14 / 69
  • Assessor Parcel Number 508000-100-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,955

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1972
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lakeview
  • New Construction: No
  • CalculatedSquareFootage: 5224
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 405

Interior Features

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

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Lakeview Light and Power
  • SewerCompany: Pierce County
  • WaterCompany: Lakewood Water
  • WaterSewerGarbage: 7798

Fee Information

  • Annual Fuel Expense: 824

Schools

  • Junior High Dist: Clover Park
  • High School: Clover Park High
  • Middle Or Junior School: Lochburn Mid

Lot Info

  • Parcel Number: 508000-100-0
  • Lot Size Acres: 0.3673
  • Lot Size Sq Ft: 16000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 10 Thru 14

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 5143

Multi Family

  • Gross Scheduled Income: 61727
  • Net Operating Income: 43858
  • Number Of Units Total: 6
  • Electric Expense: 988
  • Insurance Expense: 2304
  • Leasable Area: 5224
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5955

MLS Schools

  • Elementary School: Lakeview Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2024
Sold by
Washington And Rice Llc
Bought by
Kendrick Townhomes Llc
Total Days on Market
105
Current Estimated Value
$820,000

Purchase Details

Listed on
May 10, 2019
Closed on
Oct 23, 2019
Sold by
Zhang Yinchen
Bought by
Washington And Rice Llc
List Price
$899,000
Sold Price
$650,000
Premium/Discount to List
-$249,000
-27.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.18%
Original Mortgage
$480,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 2017
Sold by
Dang Mark and Zhang Yinchen
Bought by
Zhang Yinchen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2010
Sold by
Livingston Lee
Bought by
Reitze David N

Purchase Details

Closed on
Jul 23, 2008
Sold by
Livingston Joyce E
Bought by
Livingston Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,225
Interest Rate
6.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 2007
Sold by
Hansen Dorothy
Bought by
Livingston Lee and Reitze David N
Source: Public Records

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
Kendrick Townhomes Llc $1,600,000 None Listed On Document
Washington And Rice Llc $650,000 Stewart Title
Zhang Yinchen -- Fidelity National Title
Zhang Yinchen $505,819 Fidelity National Title
Reitze David N $177,250 None Available
Livingston Lee -- None Available
Reitze David N -- None Available
Livingston Lee $380,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Washington And Rice Llc $480,000
Previous Owner Zhang Yinchen $104,000
Previous Owner Livingston Lee $125,225
Previous Owner Livingston Lee $415,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2019 10/28/19 Sold $650,000 -27.7% $124 / Sq Ft
08/23/2019 08/23/19 Pending -- -- --
05/10/2019 05/10/19 For Sale $899,000 -- $172 / 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 $5,721 $552,300 $426,900 $125,400
2023 $5,721 $531,400 $426,900 $104,500
2022 $4,496 $442,200 $329,900 $112,300
2021 $8,441 $648,600 $274,500 $374,100
2019 $5,955 $594,600 $249,100 $345,500
2018 $6,907 $495,500 $207,600 $287,900
2017 $6,907 $430,900 $173,000 $257,900
2016 $6,495 $410,100 $94,900 $315,200
2014 $5,679 $410,100 $94,900 $315,200
2013 $5,679 $410,100 $94,900 $315,200
Source: Public Records

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1455044

Northwest Multiple Listing Service (NWMLS)

APN: 508000-1000