NOT LISTED FOR SALE

4918 80th Ave W University Place, WA 98467

Estimated Value: $633,029 - $714,000

5 Beds
2 Baths
1,984 Sq Ft
$341/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $652,500 $329 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,156/month

6 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Patio
  • Sunset Primary School Rated A
  • Cul-De-Sac
  • Vinyl Plank Flooring

About This Home

As of September 2021

GREAT INVESTOR OR OWNER OCCUPANT OPPORTUNITY! Nice L-shaped duplex in University Place on a massive corner lot on a dead end. Both units have been completely updated w/ LVP flooring, new interior paint throughout, new kitchen w/ new cabinets, quartz countertops, tiled backsplash, stainless sink, all new appliances. Bathrooms have new vanity w/ quartz countertops, quartz counters, etc. Both units have New washer/dryers. 2 Bedroom vacant and 3 bedroom is occupied on long term lease. The 2 bedroom has a big carport that may fit 2 cars. 3 bedroom has big deck and massive yard. Great options with rents that are at current rents. Don't miss out on this!

Last Agent to Sell the Property

Greg Gallagher

Real Estate Gladiators License #107408 Listed on: 08/20/2021

Last Buyer's Agent

Chris Cross

Keller Williams Rlty Bellevue License #23459

Keller Williams Rlty Bellevue

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1828266

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,363

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 1,984 Sq Ft Home
  • 1-Story Property
  • Vinyl Plank Flooring

Parking

  • 5 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Drum Intermed Middle School
  • Curtis Snr High School

Community Details

  • Belmar Condos
  • University Place Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 2
  • Assessor Parcel Number 2425000150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,363

Year Built

Built in 1964 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1964
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Belmar
  • New Construction: No
  • CalculatedSquareFootage: 1984
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 285

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Torch Down
  • Lot Features: Corner Lot, Cul-De-Sac, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 1200

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: University Place
  • High School: Curtis Snr High
  • Middle Or Junior School: Drum Intermed

Lot Info

  • Parcel Number: 2425000150
  • Lot Size Acres: 0.2925
  • Lot Size Sq Ft: 12742
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 7

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3790

Multi Family

  • Gross Scheduled Income: 45480
  • Net Operating Income: 36507
  • Number Of Units Total: 2
  • Insurance Expense: 1500
  • Leasable Area: 1984
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5363

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2021
Closed on
Sep 28, 2021
Sold by
Lawrence Andrew
Bought by
Marion Jason and Marion Rebecca
Seller's Agent
Greg Gallagher
Real Estate Gladiators
Buyer's Agent
Chris Cross
Keller Williams Rlty Bellevue
List Price
$599,888
Sold Price
$652,500
Premium/Discount to List
$52,612
8.77%
Total Days on Market
6
Current Estimated Value
$677,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,507
Avg. Annual Appreciation
0.91%
Original Mortgage
$489,375
Outstanding Balance
$454,889
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$219,869

Purchase Details

Listed on
Sep 14, 2020
Closed on
Sep 2, 2020
Sold by
Hemming Calvin R and Hemming Karen E
Bought by
Lawrence Andrew
Seller's Agent
Sarah Major
Best Choice Network LLC
Buyer's Agent
Greg Gallagher
Real Estate Gladiators
List Price
$435,000
Sold Price
$435,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.68%
Original Mortgage
$371,896
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 27, 2004
Sold by
Rsd Duplex Llc
Bought by
Hemming Calvin R and Hemming Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2001
Sold by
Beal Sharron Rae
Bought by
Rsd Duplex Llc

Purchase Details

Closed on
Nov 5, 2001
Sold by
Evans David Garth
Bought by
Rsd Duplex Llc

Purchase Details

Closed on
Oct 31, 2001
Sold by
Evans Robert Edward
Bought by
Rsd Duplex Llc

Purchase Details

Closed on
Oct 29, 2001
Sold by
Haws Keith C
Bought by
Evans Robert Edward and Beal Sharron Rae
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
Marion Jason $652,500 Wfg Natl Ttl Co Of Wa Llc
Lawrence Andrew $435,000 Fidelity National Title
Hemming Calvin R $200,000 Pts
Rsd Duplex Llc -- --
Rsd Duplex Llc -- --
Rsd Duplex Llc -- --
Evans Robert Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marion Jason $489,375
Previous Owner Lawrence Andrew $371,896
Previous Owner Hemming Calvin R $180,500
Previous Owner Hemming Calvin R $190,000
Previous Owner Hemming Calvin R $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $652,500 +8.8% $329 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $599,888 +37.9% $302 / Sq Ft
09/14/2020 09/14/20 Sold $435,000 0.0% $219 / Sq Ft
09/14/2020 09/14/20 For Sale $435,000 -- $219 / 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 $6,750 $556,600 $293,900 $262,700
2023 $6,750 $562,100 $306,700 $255,400
2022 $5,570 $568,700 $306,700 $262,000
2021 $5,363 $381,100 $207,400 $173,700
2019 $4,091 $345,400 $177,800 $167,600
2018 $4,225 $308,500 $159,200 $149,300
2017 $3,852 $263,100 $135,600 $127,500
2016 $3,269 $204,800 $98,500 $106,300
2014 $3,037 $180,900 $86,700 $94,200
2013 $3,037 $168,600 $78,800 $89,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1828266

Northwest Multiple Listing Service (NWMLS)

APN: 242500-0150