NOT LISTED FOR SALE

Estimated Value: $482,107 - $544,000

4 Beds
2 Baths
1,716 Sq Ft
$299/Sq Ft Est. Value

Last Sold October 01, 2019

Last sale price $270,000 $157 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,063/month

33 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of October 2019

Investor's Dream! Nice sized one level Duplex. Both units have large living rooms and bedrooms. Rents are Low renting at $825. Rent stated in listing is $1,100 to show rents should be to achieve a 7% cap rate. The yards are decent sized with court yard between the units. It is located in the heart of Lakewood close to shopping, I-5 and 512. There is another duplex next to it MLS#1490337. Buy both for a discount.

Co-Listed By

Mary Wiley

Skyline Properties, Inc. License #32943

Skyline Properties, Inc.

Last Buyer's Agent

Rick Brown

Keller Williams Realty License #27026

Keller Williams Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1498879

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,641

Year Built

  • Built in 1962

Lot Details

  • 5,500

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,716 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • Open Parking

Schools

  • Dower Elementary School
  • Lochburn Mid Middle School
  • Clover Park High School

Additional Features

  • Outbuilding
  • 5,500 Sq Ft Lot
  • Cable TV Available

Community Details

  • Lakewood Subdivision

Listing and Financial Details

  • Legal Lot and Block 19&20 / 7
  • Assessor Parcel Number 514000-048-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,641

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: 1
  • New Construction: No
  • CalculatedSquareFootage: 1716
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: Pierce County
  • WaterCompany: Lakewood Water

Schools

  • Junior High Dist: Clover Park
  • High School: Clover Park High
  • Middle Or Junior School: Lochburn Mid

Lot Info

  • Parcel Number: 514000-048-0
  • Lot Size Acres: 0.1263
  • Lot Size Sq Ft: 5500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Outbuildings
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 19&20

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 20
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 2200

Tax Info

  • Year: 2018
  • Tax Annual Amount: 2641

Multi Family

  • Number Of Units Total: 2
  • Electric Expense: 509
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Dower Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2022
Sold by
Harper Jonathan D
Bought by
Haviland Benjamin J and Haviland Sabari T
Current Estimated Value
$512,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,175
Outstanding Balance
$330,736
Interest Rate
3.55%
Estimated Equity
$181,792

Purchase Details

Closed on
Mar 12, 2021
Sold by
Brick House Props Llc
Bought by
Harper Jonathan D

Purchase Details

Listed on
Jul 16, 2019
Closed on
Oct 8, 2019
Sold by
Harper Jonathan D and Harper Jonathan
Bought by
Brick House Props Llc
Buyer's Agent
Rick Brown
Keller Williams Realty
List Price
$295,000
Sold Price
$270,000
Premium/Discount to List
-$25,000
-8.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.12%
Original Mortgage
$202,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2019
Closed on
Sep 30, 2019
Sold by
Harper Angela R and Harper Jonathan
Bought by
Harper Jonathan
Buyer's Agent
Rick Brown
Keller Williams Realty
List Price
$295,000
Sold Price
$270,000
Premium/Discount to List
-$25,000
-8.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2019
Closed on
Sep 27, 2019
Sold by
Maliska Thomas P and Maliska Elizabeth I
Bought by
Harper Jonathan
Buyer's Agent
Rick Brown
Keller Williams Realty
List Price
$295,000
Sold Price
$270,000
Premium/Discount to List
-$25,000
-8.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 1998
Sold by
Mahshi Costi F
Bought by
Maliska Thomas P and Maliska Elizabeth I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,400
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage
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
Haviland Benjamin J $474,900 None Listed On Document
Harper Jonathan D -- None Available
Brick House Props Llc -- Stewart Title
Harper Jonathan -- Stewart Title
Harper Jonathan $270,000 Stewart Title
Maliska Thomas P $108,196 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haviland Benjamin J $356,175
Previous Owner Harper Jonathan $202,500
Previous Owner Maliska Thomas P $74,400
Closed Maliska Thomas P $6,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2019 10/01/19 Sold $270,000 -8.5% $157 / Sq Ft
08/18/2019 08/18/19 Pending -- -- --
07/16/2019 07/16/19 For Sale $295,000 -- $172 / 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 $4,566 $453,300 $201,200 $252,100
2024 $4,566 $441,900 $197,300 $244,600
2023 $4,566 $417,900 $173,900 $244,000
2022 $3,893 $424,800 $186,800 $238,000
2021 $3,559 $268,200 $116,700 $151,500
2019 $2,641 $244,500 $100,400 $144,100
2018 $2,861 $214,800 $82,000 $132,800
2017 $2,789 $190,600 $63,700 $126,900
2016 $2,293 $154,300 $46,000 $108,300
2014 $2,100 $141,300 $40,100 $101,200
2013 $2,100 $128,900 $32,500 $96,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1498879

Northwest Multiple Listing Service (NWMLS)

APN: 514000-0480