Listed by FirstPoint Real Estate LLC, Bought with Better Properties N. Proctor
NOT LISTED FOR SALE

5516 62nd Ave W University Place, WA 98467

Estimated Value: $720,000 - $791,668

4 Beds
2.5 Baths
2,439 Sq Ft
$307/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $499,500 $205 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,624/month

3 Days on Market

Highlights

  • 0.47 Acre Lot
  • Deck
  • Secluded Lot
  • Craftsman Architecture
  • Property is near public transit
  • Wood Flooring

About This Home

As of April 2020

Stunning, architecturally unique 3 bed plus den(or 4th bed), 2.5 bth home sits on 1/2 acre in highly sought out U.P location! Tacoma SD and within 3 miles of Chambers Bay Golf & Parks! This warm & inviting 2439 sq ft home offers vaulted ceilings and professionally tiered landscaping+sprinkler system with new heat pump and paint! The flow of the home utilizes every inch for functionality w/spacious 3 car garage. An entertainers dream wrap around deck & porch for those social gatherings & events!

Last Agent to Sell the Property

Juli Falsetta

FirstPoint Real Estate LLC License #118630 Listed on: 03/12/2020

FirstPoint Real Estate LLC

Co-Listed By

Richard Heaton

FirstPoint Real Estate LLC License #76610

Last Buyer's Agent

Summer Wilborn

Better Properties N. Proctor License #26467

Better Properties N. Proctor

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1575982

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,903

Year Built

  • Built in 1994

Lot Details

  • 0.47 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Level Lot
  • Sprinkler System
  • Garden
  • Property is in good condition

HOA Fees

  • $34 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Craftsman Architecture
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 2,439 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • 2 Fireplaces
  • Gas Fireplace
  • Dining Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Water Heater
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Community Details

  • University Place Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 400078-066-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,903

Year Built

Built in 1994

Lot Details

0

HOA Fees

$34 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • StyleCode: 12 - 2 Story
  • Year Built: 1994
  • Inclusions: Dishwasher,Microwave,RangeOven
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Craftsman
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 2439
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • Special Features: None

Interior Features

  • Fireplaces: 2
  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Location: Lower
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Bath Off Primary, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, High Tech Cabling, Security System, Skylight(s), Water Heater
  • Living Area: 2439
  • Main Level Bedrooms: 1
  • BathsFullMain: 0
  • SquareFootageFinished: 2439
  • SquareFootageUnfinished: 0
  • BathsFullLower: 0
  • BathsFullUpper: 2
  • BathsHalfLower: 0
  • BathsHalfMain: 1
  • BathsHalfUpper: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher,Microwave,Range/Oven

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: House
  • BusLineNearby: true

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Total Parking Spaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Security System, Fully Fenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Natural Gas Available, Sewer Connected, Electricity Available, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Pierce
  • WaterCompany: TPU
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Gas

Condo/Co-op/Association

  • Community Features: CCRs
  • Association Fee: 34
  • Association Fee Frequency: Monthly
  • Common Interest: Residential

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 400078-066-0
  • Topography: Level,PartialSlope,Terraces
  • Lot Size Acres: 0.4733
  • Lot Size Sq Ft: 20615
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Sprinkler System
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5903

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Apr 3, 2020
Sold by
Dougherty Sean P and Dougherty Julie M
Bought by
George Christopher M and Larson Diane R
Seller's Agent
Juli Falsetta
FirstPoint Real Estate LLC
Buyer's Agent
Summer Wilborn
Better Properties N. Proctor
List Price
$499,500
Sold Price
$499,500
Current Estimated Value
$749,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,167
Avg. Annual Appreciation
7.45%
Original Mortgage
$399,600
Outstanding Balance
$353,997
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$395,670

Purchase Details

Closed on
Sep 6, 2012
Sold by
The Bank Of New York Mellon
Bought by
Dougherty Sean P and Dougherty Julie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,109
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 27, 2011
Sold by
Kim Yong Joo and Kim Maria Leslie
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 1, 2006
Sold by
Jennings Imelda R
Bought by
Jennings Imelda R and Kim Yong Joo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,300
Interest Rate
9.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2004
Sold by
Young Paul D
Bought by
Jennings Imelda R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,400
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 1996
Sold by
Torre Russell Co
Bought by
Young Paul D and Young Christi H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,450
Interest Rate
6.99%

Purchase Details

Closed on
Jul 20, 1994
Sold by
Warren Willard R
Bought by
Torre Russell Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,419
Interest Rate
8.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
George Christopher M $448,708 First American Title
Dougherty Sean P $270,000 Fidelity National Title
The Bank Of New York Mellon $255,600 Accommodation
Jennings Imelda R $163,982 Talon Group
Jennings Imelda R $328,000 Fidelity National Title Co
Young Paul D $231,458 --
Torre Russell Co -- Transamerica Title Ins Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open George Christopher M $399,600
Previous Owner Dougherty Sean P $265,109
Previous Owner Jennings Imelda R $372,300
Previous Owner Jennings Imelda R $262,400
Previous Owner Young Paul D $108,450
Previous Owner Torre Russell Co $172,419
Closed Jennings Imelda R $65,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2020 04/10/20 Sold $499,500 0.0% $205 / Sq Ft
03/15/2020 03/15/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $499,500 -- $205 / 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 $7,718 $688,400 $309,600 $378,800
2024 $7,718 $667,600 $302,200 $365,400
2023 $7,718 $639,700 $306,500 $333,200
2022 $6,587 $651,900 $306,500 $345,400
2021 $6,437 $465,900 $200,600 $265,300
2019 $5,448 $437,500 $179,700 $257,800
2018 $5,903 $406,000 $168,500 $237,500
2017 $5,407 $366,900 $140,000 $226,900
2016 $5,186 $300,300 $105,900 $194,400
2014 $5,486 $290,800 $101,300 $189,500
2013 $5,486 $272,600 $92,100 $180,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1575982

Northwest Multiple Listing Service (NWMLS)

APN: 400078-0660