Listed by Keller Williams Rty Tacoma, Bought with Real Broker LLC
NOT LISTED FOR SALE

4820 4824 79th Ave W University Place, WA 98467

Estimated Value: $681,000 - $832,000

4 Beds
3 Baths
2,544 Sq Ft
$293/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $700,000 $275 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,592/month

Highlights

  • Wood Flooring
  • No HOA
  • Partially Fenced Property
  • Evergreen Primary School Rated A
  • Patio
  • Wood Siding

About This Home

As of March 2023

Remarkable Value and Investment Opportunity with this Centrally Located University Place Duplex. Each unit features 2 bdrms, 1.75 baths and 1,272 sq ft for a total of 2,544 total rentable sq ft. Each unit also features a 1 car attached garage and range/oven, fridge, dishwasher, washer and dryer. Wonderful setting, 0.35 acre lot, partially fenced with a nice patio area for each unit. The possibilities here are endless, live in one side and rent the other or rent both! University Place Schools, conveniently located to all amenities and more! An opportunity like this does not come often.

Last Agent to Sell the Property

Matthew Harber

Keller Williams Rty Tacoma License #25202 Listed on: 03/10/2023

Keller Williams Rty Tacoma

Co-Listed By

Guy Rowley

Keller Williams Rty Tacoma License #23862

Last Buyer's Agent

Lisa Taylor

Real Broker LLC License #118187

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2044339

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,001

Year Built

  • Built in 1977

Lot Details

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

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,544 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Additional Features

  • Patio
  • Septic Tank

Community Details

  • No Home Owners Association
  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220226013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,001

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2544
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl
  • Interior Amenities: Ceramic Tile, Hardwood, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • WaterSewerGarbage: 1041.18

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: University Place

Lot Info

  • Parcel Number: 0220226013
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Tax Records/Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17.85
  • LeasedItems: None
  • TotalMonthlyIncome: 3710

Multi Family

  • Gross Scheduled Income: 44520
  • Net Operating Income: 33107
  • Number Of Units Total: 2
  • Insurance Expense: 1144.44
  • Leasable Area: 2544
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
Mar 9, 2023
Sold by
Qu Xiuqin
Bought by
Sadalge Sandesh Subhash and Neuendorffer Maya
Seller's Agent
Matthew Harber
Keller Williams Rty Tacoma
Buyer's Agent
Lisa Taylor
Real Broker LLC
List Price
$700,000
Sold Price
$700,000
Current Estimated Value
$744,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,128
Avg. Annual Appreciation
3.91%
Original Mortgage
$525,000
Outstanding Balance
$509,697
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$261,963

Purchase Details

Closed on
Nov 9, 2017
Sold by
Yee Andrew G and Yee Andrew
Bought by
Qu Xinxin and Qu Xiuqin

Purchase Details

Closed on
Jul 30, 2014
Sold by
Wright Leonard E and Wright Joyce M
Bought by
Yee Andrew G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2004
Sold by
Wright Leonard
Bought by
Wright Leonard E and Wright Joyce M

Purchase Details

Closed on
Nov 14, 2003
Sold by
Wright Leonard E
Bought by
Wright Leonard and Wright Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2002
Sold by
Wright Leonard
Bought by
Wright Leonard E and Wright Joyce M

Purchase Details

Closed on
Jul 27, 2001
Sold by
Fife Michael G
Bought by
Wright Leonard and Wright Joyce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
7.15%
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
Sadalge Sandesh Subhash -- Stewart Title
Qu Xinxin $379,719 Ticor Title
Yee Andrew G $287,719 Puget Sound Title
Wright Leonard E -- Puget Sound Title
Wright Leonard -- Puget Sound Title Company
Wright Leonard E -- --
Wright Leonard $197,777 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sadalge Sandesh Subhash $525,000
Previous Owner Yee Andrew G $216,000
Previous Owner Wright Leonard $177,000
Previous Owner Wright Leonard $119,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $700,000 0.0% $275 / Sq Ft
03/10/2023 03/10/23 For Sale $700,000 -- $275 / 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
2025 $7,958 $723,700 $317,300 $406,400
2024 $7,958 $672,400 $305,100 $367,300
2023 $7,958 $667,600 $322,700 $344,900
2022 $7,001 $675,500 $322,700 $352,800
2021 $6,847 $492,200 $218,200 $274,000
2019 $5,279 $451,400 $187,100 $264,300
2018 $5,459 $404,500 $169,400 $235,100
2017 $4,998 $345,200 $144,200 $201,000
2016 $4,261 $272,400 $104,800 $167,600
2014 $3,995 $240,700 $92,200 $148,500
2013 $3,995 $225,200 $83,800 $141,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2044339

Northwest Multiple Listing Service (NWMLS)

APN: 022022-6013