NOT LISTED FOR SALE

5203 S Orchard St University Place, WA 98467

South Tacoma Neighborhood

Estimated Value: $886,000

8 Beds
4 Baths
3,576 Sq Ft
$248/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $720,000 $201 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,441/month

About This Home

As of June 2018

This home is located at 5203 S Orchard St, University Place, WA 98467 since 15 June 2018 and is currently estimated at $886,000, approximately $247 per square foot. This property was built in 1981. 5203 S Orchard St is a home located in Pierce County with nearby schools including Edison Elementary School, Gray Middle School, and Foss High School.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 06/15/2018

Last Buyer's Agent

Charles Burnett

Real Broker LLC License #50261 Listed on: 06/15/2018

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1312189

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 0.29

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Community Details

  • 4 Units
  • University Place Community

Listing and Financial Details

  • Assessor Parcel Number 6550700060

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Style: 54 - 4-Plex
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Estimated Sq Ft: 3576

Exterior Features

  • Exterior: Wood
  • Roof: Composition

Garage/Parking

  • Numberof Garage Spaces: 4
  • Numberof Uncovered Spaces: 4
  • Total Numberof Parking Spaces: 8

Utilities

  • Sewer: Sewer Connected

Condo/Co-op/Association

  • Numberof Units in Building: 4
  • Community Name: University Place

Lot Info

  • Lot Sq Ft: 12804
  • Parcel Number: 6550700060

Multi Family

  • Gross Adjusted Income: 52800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2018
Closed on
Jun 11, 2018
Sold by
Ritter Paul D and Ritter Shirley A
Bought by
A & L Koh Llc and Sj Park Llc
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Charles Burnett
Real Broker LLC
List Price
$720,000
Sold Price
$720,000
Current Estimated Value
$886,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,000
Avg. Annual Appreciation
2.80%
Original Mortgage
$2,160,000
Outstanding Balance
$1,868,038
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
-$982,038

Purchase Details

Closed on
Feb 7, 2002
Sold by
Swenson Thomas R
Bought by
Ritter Paul D and Ritter Shirley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 7, 1998
Sold by
Haltom Richard A and Haltom Richard H
Bought by
Shineflew Tim C and Shineflew Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 17, 1998
Sold by
Shineflew Tim C and Shineflew Robin
Bought by
Swenson Thomas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.78%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 1996
Sold by
Haltom Richard A and Haltom Richard H
Bought by
Shineflew Tim C and Shineflew Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
A & L Koh Llc $3,599,719 Fidelity National Title
Ritter Paul D $217,000 Rainier Title Company
Shineflew Tim C -- Chicago Title Insurance Co
Swenson Thomas R -- Fidelity National Title
Shineflew Tim C $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A & L Koh Llc $2,160,000
Previous Owner Ritter Paul D $141,000
Previous Owner Swenson Thomas R $148,000
Previous Owner Shineflew Tim C $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2018 06/15/18 Sold $720,000 0.0% $201 / Sq Ft
06/15/2018 06/15/18 For Sale $720,000 -- $201 / 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 $9,373 $902,200 $241,100 $661,100
2024 $9,373 $898,400 $233,000 $665,400
2023 $9,373 $842,800 $222,800 $620,000
2022 $8,349 $801,000 $221,000 $580,000
2021 $7,449 $593,300 $121,300 $472,000
2019 $5,625 $498,600 $97,600 $401,000
2018 $5,865 $433,100 $85,300 $347,800
2017 $5,250 $371,500 $71,700 $299,800
2016 $4,311 $287,000 $51,000 $236,000
2014 $4,109 $248,100 $49,400 $198,700
2013 $4,109 $207,900 $46,200 $161,700
Source: Public Records

Agents Affiliated with this Home

  • Charles Burnett

    Seller's Agent in 2018

    Charles Burnett

    Real Broker LLC

    (206) 926-3701

    5 in this area

    60 Total Sales

    Charles Burnett
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1312189

Northwest Multiple Listing Service (NWMLS)

APN: 655070-0060

Washington Pierce County University Place 98409 South Tacoma

5203 S Orchard St, University Place, WA

Not Listed for Sale

MultiFamily

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Based on information submitted to the MLS GRID

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