NOT LISTED FOR SALE

5103 48th St W University Place, WA 98467

Estimated Value: $675,000 - $792,000

5 Beds
3 Baths
2,752 Sq Ft
$270/Sq Ft Est. Value

Last Sold April 08, 2021

Last sale price $632,000 $230 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,606/month

Highlights

  • RV Access or Parking
  • Deck
  • Territorial View
  • Evergreen Primary School Rated A
  • Wooded Lot
  • Traditional Architecture

About This Home

As of April 2021

Fantastic Opportunity to own a HUGE HOME in the UP School District, yet have the convenience of being centrally located to freeways, shopping & services. Located adjacent to BRAND NEW homes in The Knolls, this 5 bed-3 bath home lives large. Main Floor Master bed/bath suite, remodeled kitchen & baths, formals & a large family room off kitchen. 2nd floor 4 full size beds, full bath, vaulted ceilings & huge loft/rec room for hanging out & spending quality time. The best part is the HUGE lot/yard for privacy & entertaining. Terraced back yard with patios, decks & privacy for entertaining & BBQ's. Lower portion of lot is grass and prefect for dog run or volleyball nets. Fantastic home and MOVE IN CONDITION. This won't last. RV parking too.

Last Agent to Sell the Property

Jeff Jensen

Keller Williams Rty Tacoma License #17195 Listed on: 02/17/2021

Keller Williams Rty Tacoma

Last Buyer's Agent

Sun Park

Better Properties N. Proctor License #72488

Better Properties N. Proctor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1725490

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,983

Year Built

  • Built in 2005

Lot Details

  • Property is Fully Fenced
  • Brush Vegetation
  • Corner Lot
  • Level Lot
  • Wooded Lot
  • Garden
  • Property is zoned R2

Property Views

  • Territorial Views

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Septic System
  • Cable TV Available

Community Details

  • University Place Community

Listing and Financial Details

  • Assessor Parcel Number 0220144007

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,983

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: 12 - 2 Story
  • Architecture: Traditional
  • Building Information: Built On Lot
  • Entrance Level: Main
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Bath Off Master, Ceiling Fan(s), Dbl Pane/Storm Windw, Dining Room, Vaulted Ceilings, Walk-In Closet
  • Floor Covering: Laminate, Vinyl, Wall To Wall Carpet
  • Appliances That Stay: Dishwasher, Microwave, Range/Oven
  • Approved Number of Bedrooms: 2
  • Bedrooms: 5.00
  • Main Floor Bedrooms: 1
  • Bathrooms: 2.50
  • Bathrooms Main: Upper
  • Total Full Bathrooms: 2
  • Total Half Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bedroom: Main
  • Den or Office: Main
  • Dining Room: Main
  • Extra Finished Room: Upper
  • Family Room: Main
  • Living Room: Main
  • Recreation Room: Main
  • Kitchen w/ Eating Area: Main
  • Estimated Sq Ft: 2752
  • Square Footage Finished: 2752

Exterior Features

  • Exterior: Metal/Vinyl
  • Foundation: Poured Concrete
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Parking: 2

Utilities

  • Heating And Cooling: Forced Air, Heat Pump
  • Power Company: TPU
  • Septic Approved for Number of Bedrooms: 2
  • Sewer: Septic
  • Sewer Company: Septic
  • Water Company: TPU
  • Water Heater: garage-gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Name: University Place
  • Project: UNIVERSITY PLACE

Schools

  • Elementary School: Evergreen Primary
  • Middle School: Curtis Jnr High
  • High School: Curtis Bridge Pgm
  • School District: UNP

Lot Info

  • Lot Details: Corner Lot, Curbs, Paved Street, Sidewalk
  • Lot Dimensions: 208x93
  • Lot Sq Ft: 19602
  • Lot Topography Vegetation: Brush, Garden Space, Level, Partial Slope, Terraces, Wooded
  • Parcel Number: 0220144007
  • Zoning Code: R2
  • Zoning Jurisdiction: City
  • Lot Topography: Brush, Garden Space, Level, Partial Slope, Terraces, Wooded

Tax Info

  • Tax Amount: 6842

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2021
Closed on
Mar 23, 2021
Sold by
Richardson Megan Leigh and Richardson Andy
Bought by
Lee Yong S and Kim Soo Youn
Seller's Agent
Jeff Jensen
Keller Williams Rty Tacoma
Buyer's Agent
Sun Park
Better Properties N. Proctor
List Price
$589,950
Sold Price
$632,000
Premium/Discount to List
$42,050
7.13%
Current Estimated Value
$743,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,444
Avg. Annual Appreciation
4.84%
Original Mortgage
$505,600
Outstanding Balance
$456,760
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$323,754

Purchase Details

Closed on
Apr 9, 2018
Sold by
Olsen John R and Olsen Janice K
Bought by
Richardson Megan Leigh and Richardson Andy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2011
Sold by
Signature Group Holdings Inc
Bought by
Olsen John R and Olsen Janice K

Purchase Details

Closed on
Jan 11, 2010
Sold by
Jeffrey Robert L and Jeffrey Minty L
Bought by
Fremont Reorganizing Corporation and Fremont Investment & Loan

Purchase Details

Closed on
Feb 13, 2007
Sold by
Rivera Melvin and Rivera Tina E
Bought by
West Coast Bank

Purchase Details

Closed on
Apr 26, 2005
Sold by
Gates Michael D and Gates Gail M
Bought by
Rivera Melvin and Rivera Tina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 6, 2000
Sold by
Miller Wanda N
Bought by
Gail Gates Michael D and Gail Georgiadas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8%

Purchase Details

Closed on
Dec 5, 2000
Sold by
Miller Wanda N
Bought by
Gail Gates Michael D and Gail Georgiadas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8%
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
Lee Yong S $632,000 Cw Title
Richardson Megan Leigh $499,719 Fidelity National Title
Olsen John R $220,000 Servicelink
Fremont Reorganizing Corporation $278,866 Fatco
West Coast Bank $365,618 None Available
Rivera Melvin $125,000 Chicago Title
Gail Gates Michael D -- --
Gail Gates Michael D $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Yong S $505,600
Previous Owner Richardson Megan Leigh $400,000
Previous Owner Rivera Melvin $340,000
Previous Owner Gail Gates Michael D $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2021 04/08/21 Sold $632,000 +7.1% $230 / Sq Ft
02/24/2021 02/24/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $589,950 -- $214 / 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 $7,983 $713,300 $282,500 $430,800
2024 $7,983 $629,700 $270,900 $358,800
2023 $7,983 $675,800 $301,400 $374,400
2022 $7,320 $683,300 $301,400 $381,900
2021 $7,123 $517,300 $204,900 $312,400
2019 $5,321 $473,900 $173,300 $300,600
2018 $5,810 $412,600 $158,000 $254,600
2017 $5,064 $372,500 $129,200 $243,300
2016 $4,977 $292,600 $98,700 $193,900
2014 $4,703 $287,400 $98,700 $188,700
2013 $4,703 $266,200 $88,900 $177,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1725490

Northwest Multiple Listing Service (NWMLS)

APN: 022014-4007