NOT LISTED FOR SALE

5116 54th St W Unit 5118 University Place, WA 98467

Estimated Value: $574,000 - $749,000

4 Beds
3 Baths
1,939 Sq Ft
$332/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $600,000 $309 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,155/month

Highlights

  • 0.54 Acre Lot
  • No HOA
  • Open Space
  • Secluded Lot
  • Patio
  • Partially Fenced Property

About This Home

As of February 2023

Welcome home to this beautiful sf 1,939, 4-Br, 3- bath duplex on over half an acre in coveted University Place. Excellent opportunity to own a very well-kept one-family owned duplex. Each of the units are spacious at 969 sqft and feature 2 bedrooms, 1.5 bathroom, dinning area, in-unit laundry space with hook-ups, kitchen pantry. Unit 5118 boasts of new paint throughout the house, new carpet, new stove. Both units have attached one car garage, plenty of outdoor parking, & newer septic system installed. Do not miss this amazing opportunity!

Last Listed By

Grace Waweru Alvarado

Keller Williams Rty Tacoma License #93028 Listed on: 01/27/2023

Keller Williams Rty Tacoma

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2030429

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,086

Year Built

  • Built in 1976

Lot Details

  • 0.54 Acre Lot
  • Open Space
  • Partially Fenced Property
  • Secluded Lot
  • Corner Lot
  • Property is in average condition

Home Design

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

Interior Spaces

  • 1,939 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Whittier Elementary School
  • Gray Middle School
  • Foss High School

Additional Features

  • Patio
  • Septic Tank

Community Details

  • No Home Owners Association
  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220235002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,086

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1976
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1939
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Vacant; show and sell; digitally staged
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family, See Remarks
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Open Space, Paved, Secluded
  • 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: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: SecuritySystem, FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Foss
  • Middle Or Junior School: Gray

Lot Info

  • Parcel Number: 0220235002
  • Lot Size Acres: 0.54
  • Lot Size Sq Ft: 23522
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Title Company
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family,See Remarks

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: Security System
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2022

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 1939
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Whittier

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
Feb 27, 2023
Sold by
Watson Joy K
Bought by
Alawadhi Mohamed and Alzubaidi Rasha
Seller's Agent
Grace Waweru Alvarado
Keller Williams Rty Tacoma
Buyer's Agent
Rizwan Awan
Theory Real Estate
List Price
$599,950
Sold Price
$600,000
Premium/Discount to List
$50
0.008%
Total Days on Market
0
Views
13
Current Estimated Value
$642,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,847
Avg. Annual Appreciation
3.21%
Original Mortgage
$449,250
Outstanding Balance
$438,065
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$204,782

Purchase Details

Closed on
Sep 21, 2004
Sold by
Watson David R
Bought by
Watson Joy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000
Interest Rate
5.77%
Mortgage Type
Unknown

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
Alawadhi Mohamed -- Ticor Title
Watson Joy R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alawadhi Mohamed $449,250
Previous Owner Watson Joy K $13,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $600,000 0.0% $309 / Sq Ft
01/27/2023 01/27/23 Pending -- -- --
01/27/2023 01/27/23 For Sale $599,950 -- $309 / 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 $7,086 $578,900 $298,600 $280,300
2023 $7,086 $579,700 $313,800 $265,900
2022 $3,465 $575,100 $322,600 $252,500
2021 $3,350 $418,600 $215,100 $203,500
2019 $4,624 $369,900 $183,400 $186,500
2018 $4,756 $337,600 $169,200 $168,400
2017 $4,477 $289,200 $135,000 $154,200
2016 $3,949 $226,700 $97,100 $129,600
2014 $4,042 $215,100 $92,500 $122,600
2013 $4,042 $204,500 $92,500 $112,000
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2030429

Northwest Multiple Listing Service (NWMLS)

APN: 022023-5002