Listed by Engel & Voelkers Chambers Bay, Bought with Windermere Abode
NOT LISTED FOR SALE

5515 -5517 61st St W University Place, WA 98467

Estimated Value: $613,000 - $757,000

5 Beds
2 Baths
2,028 Sq Ft
$333/Sq Ft Est. Value

Last Sold January 29, 2014

Last sale price $256,000 $126 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $4,175/month

131 Days on Market

About This Home

As of January 2014

Fully remodeled University Place duplex. All new floor coverings, interior & exterior paint, trim, appliances, fixtures & much much more. 5515 is 3 bed 1 bath with attached 2 car garage with shop space. 3rd bedroom has separate entry and could be used as an office with separate 2 car garage in back of unit. Includes a wood stove in back family room. 5517 is a 2 bed 1 bath. Property sits on almost a 1/2 acre of land & offers good privacy or room to expand. University Place School District.

Last Agent to Sell the Property

Christopher Barrett

Engel & Voelkers Chambers Bay License #74942 Listed on: 08/06/2013

Engel & Voelkers Chambers Bay

Co-Listed By

Steve Sloboda

Engel & Voelkers Chambers Bay License #18792

Last Buyer's Agent

Jessica Knicely

Windermere Abode License #105814

Windermere Abode

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 527319

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,707

Year Built

  • Built in 1968

Lot Details

  • 0.44 Acre Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,028 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Curtis Jnr High Middle School
  • Curtis Snr High School

Utilities

  • Septic Tank
  • Septic System

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220234221

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,707

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1968
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2028
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • PowerCompany: Tacoma
  • SewerCompany: septic
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 500

Schools

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

Lot Info

  • Parcel Number: 0220234221
  • Lot Size Acres: 0.4375
  • Lot Size Sq Ft: 19058
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 2200

Multi Family

  • Gross Scheduled Income: 26400
  • Net Operating Income: 21693
  • Number Of Units Total: 2
  • Insurance Expense: 500
  • Leasable Area: 2028
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2013
  • Tax Annual Amount: 3707

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2013
Closed on
Jan 18, 2014
Sold by
Dyer Daniel D
Bought by
Oem Clara C and Oem Sung H
Seller's Agent
Christopher Barrett
Engel & Voelkers Chambers Bay
Buyer's Agent
Jessica Knicely
Windermere Abode
List Price
$299,000
Sold Price
$256,000
Premium/Discount to List
-$43,000
-14.38%
Current Estimated Value
$674,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,358
Avg. Annual Appreciation
8.78%
Original Mortgage
$247,456
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 23, 2013
Sold by
The Bank Of New York Mellon
Bought by
Dyer Daniel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,027
Interest Rate
3.38%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 15, 2013
Sold by
Thompson Josh G and Thompson Jacob C
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 20, 2007
Sold by
Konschuh Peter E and Simon Corinne E
Bought by
Thompson Josh G and Thompson Jacob C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,650
Interest Rate
6.14%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Oem Clara C $255,719 First American Title Ins Co
Dyer Daniel D $167,100 First American Title Ins Co
The Bank Of New York Mellon $223,492 None Available
Thompson Josh G $297,989 Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oem Clara C $247,456
Previous Owner Thompson Josh G $223,492
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2014 01/29/14 Sold $256,000 -14.4% $126 / Sq Ft
12/16/2013 12/16/13 Pending -- -- --
08/06/2013 08/06/13 For Sale $299,000 -- $147 / 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 $7,364 $636,800 $299,200 $337,600
2024 $7,364 $611,700 $291,600 $320,100
2023 $7,364 $603,500 $295,600 $307,900
2022 $6,435 $596,500 $303,900 $292,600
2021 $6,094 $435,800 $202,600 $233,200
2019 $4,948 $386,400 $172,700 $213,700
2018 $4,742 $362,700 $165,700 $197,000
2017 $4,742 $310,200 $132,200 $178,000
2016 $4,181 $246,100 $95,100 $151,000
2014 $3,707 $232,100 $90,500 $141,600
2013 $3,707 $205,400 $90,500 $114,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 527319

Northwest Multiple Listing Service (NWMLS)

APN: 022023-4221