NOT LISTED FOR SALE

4504 111th St SW Unit 1-6 Lakewood, WA 98499

Pacific-Lakeview Neighborhood

Estimated Value: $820,000

-- Bed
-- Bath
5,856 Sq Ft
$140/Sq Ft Est. Value

Last Sold October 16, 2015

Last sale price $515,000 $88 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $5,028/month

42 Days on Market

Highlights

  • Deck
  • Patio
  • Wood Siding
  • Corner Lot
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of October 2015

6 Rental Units, 7.38% Cap Rate, Townhouse style with decks&patios in a quiet residential area,near the hospital,100% occupied,laundry facilities,Includes a Two Bedroom House w/fenced yard on same parcel,Close to I-5,Professionally managed,updated,large lot,fenced,1hr to Seattle,income producer! 1/2 block to Lakewood Station commuter train.NO B&O (Business & Occupation)Tax in Lakewood!House on property sits on large multifamily lot build up to 18 units or add more town homes.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 08/04/2015

Skyline Properties, Inc.

Co-Listed By

Wendy Pedersen

Every Door Real Estate License #112128

Last Buyer's Agent

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068

Keller Williams Downtown Sea

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 827235

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,495

Year Built

  • Built in 1972

Lot Details

  • 0.37 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,856 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 12 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Lake View Pierce Co Condos
  • Lakewood Subdivision

Listing and Financial Details

  • Tax Lot 10-14
  • Assessor Parcel Number 5080001000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,495

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: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Lake View Pierce Co
  • New Construction: No
  • CalculatedSquareFootage: 5856
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 675

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: pierce
  • SewerCompany: city
  • WaterCompany: city
  • WaterSewerGarbage: 6828

Schools

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

Lot Info

  • Parcel Number: 5080001000
  • Lot Size Acres: 0.3673
  • Lot Size Sq Ft: 16000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: realist
  • ZoningClass: Multi-Family
  • LotNumber: 10-14

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 4760

Multi Family

  • Gross Scheduled Income: 57120
  • Net Operating Income: 38769
  • Number Of Units Total: 6
  • Insurance Expense: 2172
  • Leasable Area: 5856
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2015
  • Tax Annual Amount: 6495

MLS Schools

  • Elementary School: Buyer To Verify

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
Current Estimated Value
$820,000

Purchase Details

Closed on
Oct 23, 2019
Sold by
Zhang Yinchen
Bought by
Washington And Rice Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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
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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 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
10/16/2015 10/16/15 Sold $515,000 -2.0% $88 / Sq Ft
09/16/2015 09/16/15 Pending -- -- --
08/04/2015 08/04/15 For Sale $525,500 -- $90 / 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

Agents Affiliated with this Home

  • Donna Marshall

    Seller's Agent in 2015

    Donna Marshall

    Skyline Properties, Inc

    (425) 422-0954

    39 Total Sales

    Donna Marshall
    Section Image
  • Wendy Pedersen

    Seller Co-Listing Agent in 2015

    Wendy Pedersen

    Every Door Real Estate

    (425) 232-4266

    27 Total Sales

    Wendy Pedersen
    Section Image
  • Nicholas Vilvandre'

    Buyer's Agent in 2015

    Nicholas Vilvandre'

    Keller Williams Downtown Seattle

    (206) 612-7883

    75 Total Sales

    Nicholas Vilvandre'
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 827235

Northwest Multiple Listing Service (NWMLS)

APN: 508000-1000

Washington Pierce County Lakewood 98499 Pacific-Lakeview

4504 111th St SW Unit 1-6, Lakewood, WA

This home is located at 4504 111th St SW Unit 1-6, Lakewood, WA 98499 since 04 August 2015 and is currently estimated at $820,000, approximately $140 per square foot. This property was built in 1972. 4504 111th St SW Unit 1-6 is a home located in Pierce County with nearby schools including Lakeview Hope Academy, Lochburn Middle School, and Clover Park High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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