A
Seller's Agent in 2025
Anikah Khan
Theory Real Estate
(206) 839-7319
6 in this area
111 Total Sales
Listed by Theory Real Estate, Bought with Theory Real Estate
5116 54th St W Unit 5118 University Place, WA 98467
4
Beds
4
Baths
1,939
Sq Ft
0.54
Acres
Highlights
- 0.54 Acre Lot
- Territorial View
- Patio
- Secluded Lot
- No HOA
- Open Space
About This Home
As of October 2025Opportunity knocks here in the heart of University Place. One level Duplex, Rent both units or live in one unit and rent the other. 2bed/ 1.5 bath W/D hookup, 1 car garage and lots of extra parking on each side. Quiet dead end street with easy access to JBLM, Tacoma, I-5, Hwy 16, the Sounder Train, golf course, Puget Sound beaches, Tacoma Community College, and lots of shopping and services. Landlord pays water, electricity, and garbage.
Last Agent to Sell the Property
Theory Real Estate License #21003057 Listed on: 06/06/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2385226
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $575
Year Built
- Built in 1976
Lot Details
- 0.54 Acre Lot
- Open Space
- Partially Fenced Property
- Secluded Lot
- Corner Lot
Home Design
- Duplex
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 1,939 Sq Ft Home
- 1-Story Property
- Self Contained Fireplace Unit Or Insert
- Territorial Views
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- 8 Parking Spaces
- 2 Covered Spaces
- Open Parking
Outdoor Features
- Patio
Utilities
- Baseboard Heating
- Septic Tank
Community Details
- No Home Owners Association
- University Place Subdivision
Listing and Financial Details
- Assessor Parcel Number 0220235002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 6, 2025
Closed on
Sep 23, 2025
Sold by
Alawadhi Mohammed Ali and Alzubaidi Rasha Nsar
Bought by
Ragaey Elbasiony and Elkatib Moshira
Seller's Agent
Anikah Khan
Theory Real Estate
Buyer's Agent
Rizwan Awan
Theory Real Estate
List Price
$660,000
Sold Price
$510,000
Premium/Discount to List
-$150,000
-22.73%
Views
75
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
440.68%
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%
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.08%
Original Mortgage
$449,250
Interest Rate
6.33%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 21, 2004
Sold by
Watson David R
Bought by
Watson Joy R
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $510,000 | Ticor Title | |
| Warranty Deed | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $449,250 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/02/2025 10/02/25 | Sold | $510,000 | -17.7% | $263 / Sq Ft | |
| 09/03/2025 09/03/25 | Pending | -- | -- | -- | |
| 07/21/2025 07/21/25 | Price Changed | $620,000 | -6.1% | $320 / Sq Ft | |
| 06/06/2025 06/06/25 | For Sale | $660,000 | +10.0% | $340 / Sq Ft | |
| 02/28/2023 02/28/23 | Sold | $600,000 | 0.0% | $309 / Sq Ft | View Prior Sale |
| 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
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 | $7,086 | $605,300 | $306,400 | $298,900 |
| 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
-
Anikah Khan
-
Rizwan Awan
Buyer's Agent in 2025
Rizwan Awan
Theory Real Estate
(206) 334-8540
10 in this area
70 Total Sales
-
Grace Waweru Alvarado
Seller's Agent in 2023
Grace Waweru Alvarado
Keller Williams Rty Tacoma
(206) 245-9575
6 in this area
79 Total Sales
Map
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2385226
APN: 022023-5002
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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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