NOT LISTED FOR SALE

6624 46th Street Ct 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 August 31, 2021

Last sale price $857,000 $273 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,430/month

21 Days on Market

Highlights

  • Cul-De-Sac
  • Central Air
  • Wall to Wall Carpet
  • Evergreen Primary School Rated A

About This Home

As of August 2021

Looking to own an investment property and generate some passive income? Here is your opportunity. Beautiful duplex with town home-style units, 3 beds, 2.5 baths, individual 2-car garages & complete appliances. Fully occupied. Located in a quiet cul de sac on private street. Plenty of parking space. Nice quiet backyard. Current cap rate is based on tenants paying under market value rents.

Last Listed By

Andres Montes-Mattern

Premier Real Estate Partners License #138751 Listed on: 07/07/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1803130

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,633

Year Built

  • Built in 2002

Lot Details

  • 0.44 Acre Lot
  • Cul-De-Sac

Home Design

  • Duplex
  • Composition Roof
  • Wood Composite

Interior Spaces

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

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 16 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Utilities

  • Central Air
  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 400128-009-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,633

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: None
  • Cumulative Days on Market: 279

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 16
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 565

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: University Place

Lot Info

  • Parcel Number: 400128-009-0
  • Lot Size Acres: 0.4389
  • Lot Size Sq Ft: 19119
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 18
  • LeasedItems: None
  • TotalMonthlyIncome: 4065

Multi Family

  • Gross Scheduled Income: 48780
  • Net Operating Income: 39619
  • Number Of Units Total: 2
  • Insurance Expense: 936
  • Leasable Area: 3140
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7633

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Aug 26, 2021
Sold by
Fuller Jacqueline
Bought by
Zhade Bheemrao and Zhade Sushma
Seller's Agent
Andres Montes-Mattern
Premier Real Estate Partners
Buyer's Agent
Jacob Wu
Skyline Properties, Inc.
List Price
$874,950
Sold Price
$857,000
Premium/Discount to List
-$17,950
-2.05%
Total Days on Market
21
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.
Estimated Appreciation
$151,388
Avg. Annual Appreciation
3.52%
Original Mortgage
$642,750
Outstanding Balance
$594,959
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$380,286

Purchase Details

Closed on
May 11, 2017
Sold by
Kelly Paul
Bought by
Fuller Jacqueline

Home Financials for this Owner

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

Purchase Details

Closed on
Jan 25, 2016
Sold by
Shaker Fouad M and Shaker Patricia J
Bought by
Kelly Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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
08/31/2021 08/31/21 Sold $857,000 -2.1% $273 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
06/30/2021 06/30/21 For Sale $874,950 -- $279 / 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: 1803130

Northwest Multiple Listing Service (NWMLS)

APN: 400128-0090