Listed by Coldwell Banker Bain, Bought with Premier Real Estate Partners
NOT LISTED FOR SALE

5614 Academy Terrace Dr W University Place, WA 98467

Estimated Value: $624,000 - $640,422

3 Beds
2 Baths
1,874 Sq Ft
$339/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $600,000 $320 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,913/month

2 Days on Market

Highlights

  • Deck
  • 2 Fireplaces
  • 2 Car Attached Garage
  • Sunset Primary School Rated A
  • Corner Lot
  • Storm Windows

About This Home

As of June 2023

Nestled on a corner lot on a quiet street in an established University Place neighborhood, you will love this updated home! The open floor plan upstairs offers a light and bright living room with fireplace, dining room that opens to the deck, and kitchen with pantry, double oven, granite, SS appliances and extensive cabinetry. Downstairs opens up to the family room/game/flex room. There are also two nice-sized bedrooms, a full bath, and utility room with access to the yard. With all appliances included, the oversized private fenced lot, oversized 2-car garage, deck, storage shed, extensive off-street parking, and UP schools, your search is now over! Make an appointment to visit this lovely home soon!

Last Agent to Sell the Property

Stephanie Callen

Coldwell Banker Bain License #81856 Listed on: 05/03/2023

Coldwell Banker Bain

Last Buyer's Agent

Cary Farrah

Premier Real Estate Partners License #135459

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2063262

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,887

Year Built

  • Built in 1973

Lot Details

  • 7,929 Sq Ft Lot
  • East Facing Home
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Property is in very good condition
  • Zoning described as R1

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Split Foyer
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,874 Sq Ft Home
  • Multi-Level Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Dining Room
  • Storm Windows
  • Finished Basement

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • Sunset Elementary School
  • Drum Intermed Middle School
  • Curtis Snr High School

Utilities

  • Forced Air Heating System
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Down Payment Assistance Available
  • Assessor Parcel Number 2103400080

Community Details

Overview

  • Academy Terrace Homeowners Association
  • Chambers Creek Subdivision

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,887

Year Built

Built in 1973

Lot Details

0

HOA Fees

$8 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 14 - Split Entry
  • Year Built: 1973
  • Inclusions: Dishwasher,Dryer,GarbageDisposal,Refrigerator,StoveRange,Washer
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 1874
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 828

Interior Features

  • Fireplaces: 2
  • Basement: Finished
  • Appliances: Dishwasher, Dryer, Disposal, Refrigerator, Stove/Range, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet, Bath Off Primary, Double Pane/Storm Window, Dining Room, Water Heater
  • Living Area: 1874
  • Bathrooms: 2
  • BathsFullMain: 0
  • SquareFootageFinished: 1874
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 1
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 2
  • BedroomsUpper: 1
  • AppliancesIncluded: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Stove/Range,Washer
  • FireplacesLower: 1
  • FireplacesUpper: 1
  • NWM_NumberOfBathtubs: 2
  • NWM_NumberOfShowers: 2

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Direction Faces: East
  • Exterior Features: Brick, Metal/Vinyl
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Available
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Pierce County
  • WaterCompany: Tacoma Public Utilities
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Electric
  • CableConnected: Xfinity Comcast
  • InternetConnected: Xfinity Comcast

Condo/Co-op/Association

  • Community Features: Playground
  • Senior Community: No
  • Association Fee: 90
  • Association Fee Frequency: Annually
  • Association: Yes
  • AssociationContactName: Academy Terrace Homeowners Association

Schools

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

Lot Info

  • Parcel Number: 2103400080
  • Topography: Level
  • Land Lease: No
  • Lot Size Acres: 0.182
  • Lot Size Sq Ft: 7929
  • Zoning Description: R1
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Outbuildings
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • ShortTermRentalYN: false

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5887

Multi Family

  • EnergySource: Electric,Wood

MLS Schools

  • Elementary School: Sunset Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
May 31, 2023
Sold by
Black Paul T and Lemasters Allison
Bought by
Yamada Yuko
Seller's Agent
Stephanie Callen
Coldwell Banker Bain
Buyer's Agent
Cary Farrah
Premier Real Estate Partners
List Price
$585,000
Sold Price
$600,000
Premium/Discount to List
$15,000
2.56%
Views
13
Current Estimated Value
$635,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,356
Avg. Annual Appreciation
2.57%
Original Mortgage
$505,750
Outstanding Balance
$492,762
Interest Rate
6.39%
Mortgage Type
VA
Estimated Equity
$142,594

Purchase Details

Listed on
Aug 4, 2021
Closed on
Sep 21, 2021
Sold by
Mundigler Carol A and Mundigler Raymond J
Bought by
Black Paul T and Black Allison Lemasters
Seller's Agent
Pete Elswick
Windermere Prof Partners
Buyer's Agent
Brian Foote
Carrier Capital Real Estate
List Price
$545,000
Sold Price
$545,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%
Original Mortgage
$557,535
Interest Rate
2.8%
Mortgage Type
VA

Purchase Details

Listed on
Jun 21, 2018
Closed on
Oct 24, 2018
Sold by
Avcular Nuri and Avcular Dawn M
Bought by
Mundigler Raymond J and Mundigler Carol A
Seller's Agent
Kristin Niebergall
Engel & Voelkers Chambers Bay
Buyer's Agent
David Cullen
John L. Scott, Inc
List Price
$423,000
Sold Price
$410,000
Premium/Discount to List
-$13,000
-3.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.31%
Original Mortgage
$383,000
Interest Rate
4.6%
Mortgage Type
VA

Purchase Details

Closed on
May 14, 1999
Sold by
Owens Harmon W and Owens Kathleen A
Bought by
Avcular Nuri and Avcular Dawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,350
Interest Rate
6.92%
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
Yamada Yuko $600,000 Wfg National Title Company Of
Black Paul T -- Commonwealth Land Title
Mundigler Raymond J $409,719 Ticor Title
Avcular Nuri $159,967 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yamada Yuko $505,750
Previous Owner Black Paul T $557,535
Previous Owner Mundigler Raymond J $400,000
Previous Owner Mundigler Raymond J $382,800
Previous Owner Mundigler Raymond J $383,000
Previous Owner Avcular Nuri $110,000
Previous Owner Avcular Nuri $115,150
Previous Owner Avcular Nuri $133,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2023 06/02/23 Sold $600,000 +2.6% $320 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $585,000 +7.3% $312 / Sq Ft
09/22/2021 09/22/21 Sold $545,000 0.0% $291 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $545,000 0.0% $291 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $545,000 +32.9% $291 / Sq Ft
10/30/2018 10/30/18 Sold $410,000 0.0% $219 / Sq Ft
09/26/2018 09/26/18 Pending -- -- --
09/14/2018 09/14/18 Price Changed $410,000 -1.9% $219 / Sq Ft
08/25/2018 08/25/18 Price Changed $418,000 -1.2% $223 / Sq Ft
08/03/2018 08/03/18 For Sale $423,000 0.0% $226 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
06/21/2018 06/21/18 For Sale $423,000 -- $226 / 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 $5,638 $580,800 $272,800 $308,000
2024 $5,638 $557,300 $268,300 $289,000
2023 $5,638 $470,900 $254,300 $216,600
2022 $5,555 $521,400 $269,200 $252,200
2021 $5,215 $374,400 $178,100 $196,300
2019 $4,447 $351,200 $152,300 $198,900
2018 $4,567 $342,000 $137,700 $204,300
2017 $4,229 $289,800 $107,500 $182,300
2016 $3,507 $228,000 $73,600 $154,400
2014 $1,762 $198,800 $62,600 $136,200
2013 $1,762 $208,300 $73,600 $134,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2063262

Northwest Multiple Listing Service (NWMLS)

APN: 210340-0080