Listed by Real Estate Gladiators, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $601,000 - $695,000

5 Beds
3 Baths
2,902 Sq Ft
$218/Sq Ft Est. Value

Last Sold November 29, 2022

Last sale price $550,000 $190 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,856/month

10 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Wood Siding
  • Corner Lot
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of November 2022

RARE TRIPLEX W/3 CAR GARAGE,*PLUS* potential to add ADU for 4th rentable unit! Close to shopping, JBLM & Pierce College. Large parking area with room for RV/toys, plus 2 additional parking pads & back yard. Units B & C recently vacated, are ready to lease or owner occupy. Unit B has been renovated, Unit C freshly painted. Unit A has long term mo-mo tenant. Higher income could potentially be to rent 1 or more units by the bedroom, furnished; Buyer to do their own verifications. Steps away from #212 Bus Stop – direct route/short ride to Pierce College, Lakewood Town Ctr shopping, Ft. Steilacoom Park, & Steilacoom for beaches, restaurants & special events. Separate electric meters & HWTs, Coin Op W/D, New Roof 2018.

Last Agent to Sell the Property

Sherry Riesner

Real Estate Gladiators License #113832 Listed on: 10/22/2022

Last Buyer's Agent

Faisal Qureshi

Skyline Properties, Inc. License #74935

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2010402

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,909

Year Built

  • Built in 1946

Lot Details

  • 0.31 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,902 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 13 Parking Spaces
  • 3 Covered Spaces
  • Open Parking
  • RV Access or Parking

Additional Features

  • Outbuilding
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220344040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,909

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1946
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2902
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Commission less any seller concessions
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 13

Utilities

  • Sewer: Sewer Connected
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Clover Park

Lot Info

  • Parcel Number: 0220344040
  • Lot Size Acres: 0.3053
  • Lot Size Sq Ft: 13300
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Outbuildings,RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10.38
  • LeasedItems: None
  • TotalMonthlyIncome: 4655

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5909

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 600
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2023
Sold by
Sandhu Punardeep and Sandhu Harpreet K
Bought by
Jovan Investments Llc
Current Estimated Value
$631,351

Purchase Details

Listed on
Oct 22, 2022
Closed on
Nov 18, 2022
Sold by
Marten Joanna
Bought by
Sandhu Punardeep and Khera Harpreet
Seller's Agent
Sherry Riesner
Real Estate Gladiators
Buyer's Agent
Faisal Qureshi
Skyline Properties, Inc.
List Price
$569,900
Sold Price
$550,000
Premium/Discount to List
-$19,900
-3.49%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.85%
Original Mortgage
$412,500
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 15, 2018
Closed on
Jun 8, 2018
Sold by
Brnaden Raftery
Bought by
Marten Joanna and Carlson Jason
Seller's Agent
Jorge Ruiz
Van Dorm Realty, Inc
Buyer's Agent
Sherry Riesner
Real Estate Gladiators
List Price
$424,950
Sold Price
$380,000
Premium/Discount to List
-$44,950
-10.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.60%
Original Mortgage
$285,000
Interest Rate
4.54%

Purchase Details

Listed on
Nov 22, 2013
Closed on
Jan 13, 2014
Sold by
Tavis Gail L Fromdahl
Bought by
Raftry Branden
Seller's Agent
Justin Munson
Better Properties N. Proctor
Buyer's Agent
Deni Cole
Real Estate Investment Svcs
List Price
$199,500
Sold Price
$194,500
Premium/Discount to List
-$5,000
-2.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.48%
Original Mortgage
$144,600
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2012
Sold by
Wells Grove
Bought by
Fromdahl Earl

Purchase Details

Closed on
Dec 14, 2004
Sold by
Fromdahl Earl
Bought by
Wells Grover

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 17, 1997
Sold by
Fite John L
Bought by
Fromdahl Earl R

Purchase Details

Closed on
Aug 1, 1997
Sold by
Bardon Henry
Bought by
Eellenwood Dwight R and Eellenwood Lillian E
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jovan Investments Llc -- --
Sandhu Punardeep -- Chicago Title
Marten Joanna -- --
Raftry Branden $204,331 Cw Title
Fromdahl Earl -- 1St American
Wells Grover $180,000 Transnation Title
Fromdahl Earl R -- --
Eellenwood Dwight R -- Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sandhu Punardeep $412,500
Previous Owner Marten Joanna $285,000
Previous Owner Marten Joanna --
Previous Owner Raftry Branden $144,600
Previous Owner Wells Grover $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2022 11/29/22 Sold $550,000 -3.5% $190 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
10/22/2022 10/22/22 For Sale $569,900 +50.0% $196 / Sq Ft
06/08/2018 06/08/18 Sold $380,000 -1.3% $131 / Sq Ft View Prior Sale
05/05/2018 05/05/18 Pending -- -- --
05/03/2018 05/03/18 Price Changed $385,000 -9.4% $133 / Sq Ft
02/15/2018 02/15/18 For Sale $424,950 +118.5% $146 / Sq Ft
01/16/2014 01/16/14 Sold $194,500 -2.5% $63 / Sq Ft View Prior Sale
12/03/2013 12/03/13 Pending -- -- --
11/22/2013 11/22/13 For Sale $199,500 -- $64 / 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 $6,544 $621,500 $242,000 $379,500
2024 $6,544 $628,300 $237,200 $391,100
2023 $6,544 $609,400 $223,500 $385,900
2022 $5,909 $619,500 $239,900 $379,600
2021 $5,557 $428,600 $150,000 $278,600
2019 $3,853 $374,100 $129,000 $245,100
2018 $4,209 $322,100 $111,200 $210,900
2017 $4,144 $285,600 $86,400 $199,200
2016 $3,392 $234,700 $62,400 $172,300
2014 $3,106 $213,800 $54,400 $159,400
2013 $3,106 $197,200 $44,000 $153,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2010402

Northwest Multiple Listing Service (NWMLS)

APN: 022034-4040