Listed by PropertiesNW of Gig Harbor Ltd, Bought with John L. Scott Dupont
NOT LISTED FOR SALE

5518 55th Street Ct W University Place, WA 98467

Estimated Value: $701,428 - $715,000

3 Beds
3 Baths
2,190 Sq Ft
$323/Sq Ft Est. Value

Last Sold July 23, 2014

Last sale price $283,500 $129 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $4,301/month

7 Days on Market

About This Home

As of July 2014

Move in ready 2 story home in UP's Teal Creek Crossing neighborhood. Built in 2004 this 2190 sft home features a gracious entry that opens to a large living room with fireplace. Gorgeous hardwood floors and an oversized chef's kitchen with slab granite counter tops. 3 bedrooms plus a large landing/flex room on the 2nd floor. Fresh interior paint, brand new carpet and more. This property is approved for Special Homepath Financing; buy it for as little as 5% down!

Last Agent to Sell the Property

Patrick Mercado

PropertiesNW of Gig Harbor Ltd License #24129 Listed on: 05/20/2014

Co-Listed By

Graham Mercado

PropertiesNW of Gig Harbor Ltd License #24100

Last Buyer's Agent

Sue Tatum

John L. Scott Dupont License #77491

John L. Scott Dupont

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM638600

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

Other

Year Built

2004

Lot Details

0

Listing Details

  • Condition: Good
  • Sq Ft Finished: 2190
  • Form 17: Not Provided
  • Special Features: 20
  • Stories: 2
  • Year Built: 2004

Interior Features

  • Fireplaces: 1
  • Features: Bath Off Master, Ceiling Fan(s), Double Pane/Storm Window, Dining Room, Walk-in Closet
  • Fireplaces: 1
  • Floor: Ceramic Tile, Hardwood, Wall to Wall Carpet

Exterior Features

  • Roof: Composition
  • Exterior: Brick, Metal/Vinyl
  • Foundation: Poured Concrete
  • Lot Details: Paved Street, Cul-de-sac, Dead End Street
  • Roof: Composition
  • Site Features: Partial Fence, Natural Gas Available, High Speed Internet, Patio, Sprinkler System
  • View: Territorial
  • Lot Topography: Garden Space, Level

Garage/Parking

  • Parking Type: Garage-Attached
  • Total Covered Spaces: 2

Utilities

  • Cooling: Forced Air
  • Heating: Forced Air
  • Heating and Cooling: Forced Air
  • Sewer: Connected
  • Water Source: Public

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2016
Sold by
Martinez Sumi
Bought by
Martinez Sumi and Sumi Martinez Trust
Current Estimated Value
$707,607

Purchase Details

Listed on
May 20, 2014
Closed on
Jul 1, 2014
Sold by
Fannie Mae
Bought by
Martinez Sumi
Seller's Agent
Patrick Mercado
PropertiesNW of Gig Harbor Ltd
Buyer's Agent
Sue Tatum
John L. Scott Dupont
List Price
$283,500
Sold Price
$283,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.37%
Original Mortgage
$226,800
Outstanding Balance
$172,754
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$534,853

Purchase Details

Closed on
Dec 5, 2013
Sold by
Khoo Rebecca
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 8, 2011
Sold by
Zhang Aiguo
Bought by
Khoo Rebecca

Purchase Details

Closed on
Apr 9, 2007
Sold by
Boychuk Natalya V and Boychuk Mikhail M
Bought by
Zhang Aiguo and Khoo Rebecca C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,800
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2005
Sold by
Red Moon Development Inc
Bought by
Boychuk Mikhail M and Boychuk Natalya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,900
Interest Rate
5.58%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 11, 2005
Sold by
Red Moon Development Llc
Bought by
Red Moon Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,900
Interest Rate
5.58%
Mortgage Type
Fannie Mae Freddie Mac
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
Martinez Sumi -- None Available
Martinez Sumi -- Old Republic Title Ltd
Federal National Mortgage Association -- Nextitle
Khoo Rebecca -- None Available
Zhang Aiguo $396,000 First American Title Ins Co
Boychuk Mikhail M $303,900 Transnation Title
Red Moon Development Inc -- Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Sumi $226,800
Previous Owner Zhang Aiguo $316,800
Previous Owner Boychuk Mikhail M $223,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2014 07/23/14 Sold $283,500 0.0% $129 / Sq Ft
05/28/2014 05/28/14 Pending -- -- --
05/20/2014 05/20/14 For Sale $283,500 -- $129 / 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 $6,953 $626,300 $237,100 $389,200
2024 $6,953 $607,500 $231,000 $376,500
2023 $6,953 $574,200 $230,200 $344,000
2022 $6,129 $591,800 $236,600 $355,200
2021 $6,040 $436,200 $157,800 $278,400
2019 $5,142 $392,500 $134,500 $258,000
2018 $5,369 $382,300 $122,500 $259,800
2017 $5,045 $332,500 $97,700 $234,800
2016 $4,658 $268,300 $70,300 $198,000
2014 $4,689 $260,000 $66,900 $193,100
2013 $4,689 $261,400 $70,300 $191,100
Source: Public Records

Agents Affiliated with this Home

  • Patrick Mercado

    Seller's Agent in 2014

    Patrick Mercado

    PropertiesNW of Gig Harbor Ltd

    (253) 370-0779

    6 in this area

    185 Total Sales

    Patrick Mercado
    Section Image

  • G

    Seller Co-Listing Agent in 2014

    Graham Mercado

    PropertiesNW of Gig Harbor Ltd

    (253) 851-2511

    8 Total Sales

    Graham Mercado
    Section Image
  • Sue Tatum

    Buyer's Agent in 2014

    Sue Tatum

    John L. Scott

    (253) 732-1857

    5 Total Sales

    Sue Tatum
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM638600

Northwest Multiple Listing Service (NWMLS)

APN: 400226-0290

Washington Pierce County University Place 98467

5518 55th Street Ct W, University Place, WA

Not Listed for Sale

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Based on information submitted to the MLS GRID

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