NOT LISTED FOR SALE

5516 53rd St W University Place, WA 98467

Estimated Value: $745,000 - $1,466,838

3 Beds
2 Baths
2,608 Sq Ft
$465/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $1,500,000 $575 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $7,475/month

Highlights

  • Docks
  • Stables
  • Wine Cellar
  • Barn
  • Greenhouse
  • Home fronts a creek

About This Home

As of June 2022

This gorgeous 5+ acre equestrian haven on Leech Creek in University Place is a private paradise. Spacious kitchen design w/ granite counters & open floor plan w/ spectacular views of wildlife, pond, water feature, pastures & creek. Home boasts of 3rd bedroom / MIL / ADU potential downstairs. Newer barn has separate grain & tack rooms & 3 stalls w/ access to large covered paddock. Property has 4 sprawling fully fenced pastures and a round pen for riding / training. Tons of covered storage, greenhouse w/ garden area, two outbuildings & more! Such a secluded feel but only minutes from Ruston, Whole Foods, Riding Trails, Chambers Bay, Pt. Defiance Park & UP amenities. Great commuter location, but you won't ever want to leave. Call now to tour!

Last Agent to Sell the Property

Stephen Janho

Windermere RE West Campus Inc License #26463 Listed on: 05/12/2022

Windermere RE West Campus Inc

Co-Listed By

Tim Vanstrien

Windermere RE West Campus Inc

Last Buyer's Agent

Stephen Janho

Windermere RE West Campus Inc License #26463 Listed on: 05/12/2022

Windermere RE West Campus Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1931010

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,721

Year Built

  • Built in 1963

Lot Details

  • 5.12 Acre Lot
  • Home fronts a creek
  • Open Space
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Secluded Lot
  • Level Lot
  • Wooded Lot
  • Garden
  • Value in Land
  • Zoning described as SFR-R2

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Poured Concrete
  • Metal Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 2,608 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • French Doors
  • Wine Cellar
  • Dining Room
  • Territorial Views
  • Finished Basement

Kitchen

  • Walk-In Pantry
  • Oven or Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Concrete
  • Slate Flooring
  • Vinyl

Bedrooms and Bathrooms

  • Hydromassage or Jetted Bathtub

Home Security

  • Home Security System
  • Storm Windows

Parking

  • 7 Car Attached Garage
  • Attached Carport
  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Greenhouse
  • Outbuilding

Farming

  • Barn
  • Pasture

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Stables
  • Arena

Utilities

  • Air Filtration System
  • Heat Pump System
  • Generator Hookup
  • Propane
  • Well
  • Water Heater
  • Septic Tank
  • Septic System
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • No Home Owners Association
  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220231123

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,721

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 18 - 2 Stories w/Bsmnt
  • Year Built: 1963
  • Inclusions: Dishwasher,Microwave,StoveRange,LeasedEquipment
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Northwest Contemporary
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 2608
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 1
  • Basement: Finished
  • Appliances: Dishwasher, Microwave, Stove/Range
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace: Yes
  • Flooring: Concrete, Slate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Heat Pump, HEPA Air Filtration, Concrete, Wall to Wall Carpet, Wine Cellar, Wired for Generator, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, French Doors, High Tech Cabling, Jetted Tub, Security System, Walk-In Pantry, Water Heater
  • Living Area: 2608
  • Bathrooms: 1.75
  • BathsFullMain: 0
  • FireplacesMain: 1
  • SquareFootageFinished: 2608
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 1
  • BedroomsUpper: 2
  • AppliancesIncluded: Dishwasher,Microwave,Stove/Range

Exterior Features

  • Roof: Metal
  • View: See Remarks, Territorial
  • Lot Features: Dead End Street, Open Space, Paved, Secluded, Value In Land
  • View: Yes
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Exterior Features: Stone, Wood
  • Foundation Details: Poured Concrete, Slab
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: Yes
  • Covered Parking Spaces: 7
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: RV Parking, Attached Carport, Attached Garage, Off Street
  • Total Parking Spaces: 7

Utilities

  • Sewer: Septic Tank
  • Water Source: Individual Well
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Propane, Septic System, Electricity Available, Propane, Individual Well
  • HeatingCoolingType: Forced Air,Heat Pump,HEPA Air Filtration,Insert
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Septic
  • WaterCompany: Individual Well
  • WaterHeaterLocation: Utility Room
  • WaterHeaterType: Propane

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0220231123
  • Topography: Equestrian,Level
  • Land Lease: No
  • Lot Size Acres: 5.12
  • Lot Size: 5.12 ac
  • Lot Size Sq Ft: 223027
  • Zoning Description: SFR-R2
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Arena-Outdoor,Barn,Cable TV,Deck,Dock,Fenced-Fully,Green House,High Speed Internet,Outbuildings,Patio,Propane,RV Parking,Shop,Stable
  • MLSLotSizeSource: Realist Report
  • MLSSquareFootageSource: Realist Report

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2021
  • Tax Annual Amount: 10721

Multi Family

  • EnergySource: Electric,Propane

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jun 7, 2022
Sold by
Dimmer Carolyn J
Bought by
Alex Safe Place Llc
Seller's Agent
Stephen Janho
Windermere RE West Campus Inc
Buyer's Agent
Stephen Janho
Windermere RE West Campus Inc
List Price
$1,500,000
Sold Price
$1,500,000
Current Estimated Value
$1,212,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$287,040
Avg. Annual Appreciation
-9.52%
Original Mortgage
$1,100,000
Outstanding Balance
$1,048,133
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$30,137

Purchase Details

Closed on
Feb 13, 2020
Sold by
Dimmer Carolyn J and Dimmer Mcknight Carolyn J
Bought by
Dimmer Carolyn J

Purchase Details

Listed on
Sep 7, 2017
Closed on
Dec 27, 2017
Sold by
Mcknight Brad C
Bought by
Dimmer Mcknight Carolyn J
Seller's Agent
Janna Novak
Better Properties UP/Fircrest
Buyer's Agent
Janna Novak
Better Properties UP/Fircrest
List Price
$999,500
Sold Price
$822,000
Premium/Discount to List
-$177,500
-17.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.56%
Original Mortgage
$657,600
Interest Rate
3.95%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 7, 2017
Closed on
Dec 26, 2017
Sold by
Pippin Robert M and Pippin Lorraine S
Bought by
Dimmer Mcknight Carolyn J
Seller's Agent
Janna Novak
Better Properties UP/Fircrest
Buyer's Agent
Janna Novak
Better Properties UP/Fircrest
List Price
$999,500
Sold Price
$822,000
Premium/Discount to List
-$177,500
-17.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$657,600
Interest Rate
3.95%
Mortgage Type
Credit Line Revolving
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
Alex Safe Place Llc -- Fidelity National Title
Dimmer Carolyn J -- None Available
Dimmer Mcknight Carolyn J -- Ticor Title
Dimmer Mcknight Carolyn J $821,719 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alex Safe Place Llc $1,100,000
Previous Owner Dimmer Mcknight Carolyn J $657,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $1,500,000 0.0% $575 / Sq Ft
05/19/2022 05/19/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $1,500,000 +82.5% $575 / Sq Ft
12/29/2017 12/29/17 Sold $822,000 -7.1% $315 / Sq Ft
11/08/2017 11/08/17 Pending -- -- --
10/22/2017 10/22/17 Price Changed $885,000 -6.8% $339 / Sq Ft
10/04/2017 10/04/17 Price Changed $949,500 -5.0% $364 / Sq Ft
09/07/2017 09/07/17 For Sale $999,500 -- $383 / 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 $12,823 $1,054,200 $625,800 $428,400
2024 $12,823 $1,029,300 $609,800 $419,500
2023 $12,823 $1,076,700 $701,000 $375,700
2022 $11,212 $1,110,000 $720,700 $389,300
2021 $10,721 $786,600 $480,400 $306,200
2019 $8,971 $691,100 $409,600 $281,500
2018 $8,952 $679,200 $397,900 $281,300
2017 $8,196 $563,400 $317,400 $246,000
2016 $7,391 $435,600 $228,300 $207,300
2014 -- $419,600 $217,400 $202,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1931010

Northwest Multiple Listing Service (NWMLS)

APN: 022023-1123