Listed by Redfin, Bought with ENRG Realty
NOT LISTED FOR SALE

5616 5618 80th St E Puyallup, WA 98371

Waller Neighborhood

Estimated Value: $711,000 - $807,077

6 Beds
4 Baths
3,586 Sq Ft
$209/Sq Ft Est. Value

Last Sold February 15, 2024

Last sale price $675,000 $188 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,708/month

90 Days on Market

Highlights

  • Deck
  • Baseboard Heating
  • Wood Siding
  • No HOA
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of February 2024

Explore an exceptional investment opportunity in Puyallup! We’re proud to present an impeccably maintained duplex with fresh updates including a newer roof installed in 2021, new interior paint & entirely new flooring throughout. These units also include attached garage parking & ample yard space for gardening & outdoor living. Unit 5616 boasts approximately 1,200 sq.ft of living space, 2 bedrooms & 1 ¾ bathrooms. Current rent is $2,000/mo Unit 5618 offers approximately 2,300sq.ft. of living space, 4bds/2 1/4ba and will be ready for owner-occupancy soon offering a unique opportunity to live onsite & manage your investment property closely! With a profitable cap Rate & GRM, this duplex is an excellent addition to your real estate portfolio.

Last Agent to Sell the Property

Jessica Birch

Redfin License #21037405 Listed on: 10/12/2023

Redfin

Last Buyer's Agent

Kim Fillo

ENRG Realty License #21008259

ENRG Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2164451

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,113

Year Built

  • Built in 1977

Lot Details

  • 0.41 Acre Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,586 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Radiant Heating System
  • Private Water Source
  • Septic Tank

Community Details

  • No Home Owners Association
  • Puyallup Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3514000030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,113

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3586
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 454

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Private
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Radiant
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Summit Water and Supply
  • CableConnected: Comcast
  • InternetConnected: Comcast
  • WaterSewerGarbage: 2317

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Franklin Pierce
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 3514000030
  • Lot Size Acres: 0.4132
  • Lot Size Sq Ft: 18000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially
  • MLSLotSizeSource: Realist- Buyer to Verify
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.1
  • LeasedItems: None
  • TotalMonthlyIncome: 4000

Multi Family

  • Gross Scheduled Income: 48000
  • Net Operating Income: 37178
  • Number Of Units Total: 2
  • Insurance Expense: 1390
  • Leasable Area: 3586
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 14

Tax Info

  • Year: 2022
  • Tax Annual Amount: 7113

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Feb 14, 2024
Sold by
Thomassen Troy
Bought by
Ricker Elisha and Ricker Alora Jasmine
Seller's Agent
Jessica Birch
Redfin
Buyer's Agent
Kim Fillo
ENRG Realty
List Price
$725,000
Sold Price
$675,000
Premium/Discount to List
-$50,000
-6.9%
Views
40
Current Estimated Value
$750,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,019
Avg. Annual Appreciation
6.94%
Original Mortgage
$625,762
Outstanding Balance
$615,941
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
$134,078

Purchase Details

Closed on
Jul 3, 1996
Sold by
Williams Cathi
Bought by
Thomassen Troy
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
Ricker Elisha $675,000 Title Forward
Thomassen Troy $6,273 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ricker Elisha $625,762
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2024 02/15/24 Sold $675,000 0.0% $188 / Sq Ft
01/10/2024 01/10/24 Pending -- -- --
01/04/2024 01/04/24 Price Changed $675,000 -6.9% $188 / Sq Ft
12/23/2023 12/23/23 For Sale $725,000 0.0% $202 / Sq Ft
12/16/2023 12/16/23 Pending -- -- --
10/12/2023 10/12/23 For Sale $725,000 -- $202 / 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 $7,824 $764,500 $231,200 $533,300
2024 $7,824 $780,400 $173,600 $606,800
2023 $7,824 $686,000 $173,600 $512,400
2022 $7,114 $710,600 $199,800 $510,800
2021 $6,507 $496,900 $162,100 $334,800
2019 $5,040 $446,600 $139,400 $307,200
2018 $5,295 $397,900 $111,500 $286,400
2017 $5,295 $331,700 $88,100 $243,600
2016 $4,603 $284,700 $70,400 $214,300
2014 $4,398 $247,000 $57,200 $189,800
2013 $4,398 $233,600 $52,800 $180,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2164451

Northwest Multiple Listing Service (NWMLS)

APN: 351400-0030