NOT LISTED FOR SALE

6622 6624 46th Stct W University Place, WA 98466

Estimated Value: $938,000 - $1,072,000

6 Beds
5 Baths
3,140 Sq Ft
$321/Sq Ft Est. Value

Last Sold May 19, 2017

Last sale price $565,000 $180 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,430/month

6 Days on Market

Highlights

  • Cul-De-Sac
  • High Speed Internet
  • Wood Siding
  • Evergreen Primary School Rated A
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of May 2017

DUPLEX in University Place: 7.12% Current Cap Rate. Town home-style units, each with 3 beds, 2.5 baths, individual 2-car garages & complete appliances. Solid, turn key Investment with low expense & HIGH INCOME. Quality built in 2002; Immaculately maintained. Fully occupied: one tenant in lease through 3/2018; the other is month-to-month, which makes a great option for an owner-occupant buyer. Located on quiet cul de sac on private street; lots of open space; nice & quiet backyard.

Last Listed By

Charles Burnett

Keller Williams Seattle Metro License #50261 Listed on: 03/22/2017

Keller Williams Seattle Metro

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1088464

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,988

Year Built

  • Built in 2002

Lot Details

  • 0.44 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,140 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 14 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4001280090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,988

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2002
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3140
  • Special Features: VirtualTour
  • Cumulative Days on Market: 278

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Tile
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 14
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Tacoma
  • SewerCompany: Pierce County
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 741

Schools

  • Junior High Dist: University Place
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 4001280090
  • Lot Size Acres: 0.4389
  • Lot Size Sq Ft: 19119
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3890

Multi Family

  • Gross Scheduled Income: 46680
  • Net Operating Income: 39149
  • Number Of Units Total: 2
  • Insurance Expense: 802
  • Leasable Area: 3140
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 5988

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2021
Sold by
Fuller Jacqueline
Bought by
Zhade Bheemrao and Zhade Sushma
Total Days on Market
6
Current Estimated Value
$1,008,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$642,750
Outstanding Balance
$591,192
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$417,078

Purchase Details

Listed on
Mar 22, 2017
Closed on
May 11, 2017
Sold by
Kelly Paul
Bought by
Fuller Jacqueline
Seller's Agent
Charles Burnett
Keller Williams Seattle Metro
Buyer's Agent
Daniel Okey
Better Properties N. Proctor
List Price
$550,000
Sold Price
$565,000
Premium/Discount to List
$15,000
2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.49%
Original Mortgage
$423,750
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 7, 2015
Closed on
Jan 25, 2016
Sold by
Shaker Fouad M and Shaker Patricia J
Bought by
Kelly Paul
Seller's Agent
Piper Troxler
Engel & Voelkers Kirkland
List Price
$449,000
Sold Price
$418,000
Premium/Discount to List
-$31,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.09%
Original Mortgage
$233,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2014
Sold by
Shaker Fouad M and Shaker Patricia J
Bought by
The Shaker Family Trust

Purchase Details

Closed on
Apr 1, 2003
Sold by
Walker Scott A
Bought by
Shaker Fouad M and Shaker Patricia J

Purchase Details

Closed on
Dec 19, 2002
Sold by
C & G Ltd
Bought by
Walker Scott A and Walker Lynae A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.03%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 2, 2001
Sold by
Hgh Construction Llc
Bought by
C & G Ltd

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
Zhade Bheemrao $857,000 Rainier Title
Fuller Jacqueline $564,719 Old Republic Title Ltd
Kelly Paul $417,719 Cw Title
The Shaker Family Trust -- None Available
Shaker Fouad M $330,000 Commonwealth Title Co
Walker Scott A $90,000 Commonwealth Title Co
C & G Ltd $168,692 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhade Bheemrao $642,750
Previous Owner Fuller Jacqueline $413,000
Previous Owner Fuller Jacqueline $423,750
Previous Owner Kelly Paul $233,000
Previous Owner Walker Scott A $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2017 05/19/17 Sold $565,000 +2.7% $180 / Sq Ft
04/07/2017 04/07/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $550,000 +31.6% $175 / Sq Ft
01/29/2016 01/29/16 Sold $418,000 -6.9% $133 / Sq Ft
11/17/2015 11/17/15 Pending -- -- --
10/07/2015 10/07/15 For Sale $449,000 -- $143 / 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
2024 $9,436 $783,300 $261,000 $522,300
2023 $9,436 $796,700 $279,300 $517,400
2022 $8,171 $813,500 $279,300 $534,200
2021 $7,633 $551,100 $189,900 $361,200
2019 $6,548 $495,400 $160,600 $334,800
2018 $5,988 $507,000 $191,400 $315,600
2017 $5,988 $440,000 $156,500 $283,500
2016 $5,772 $338,100 $119,600 $218,500
2014 $5,691 $331,800 $119,600 $212,200
2013 $5,691 $309,800 $107,700 $202,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1088464

Northwest Multiple Listing Service (NWMLS)

APN: 400128-0090