NOT LISTED FOR SALE

7112 35th St W Unit 7114 University Place, WA 98466

Estimated Value: $465,000 - $537,000

2 Beds
2 Baths
840 Sq Ft
$596/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $450,000 $536 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,181/month

2 Days on Market

Highlights

  • Territorial View
  • No HOA
  • Forced Air Heating System
  • Evergreen Primary School Rated A
  • Open Space
  • Partially Fenced Property

About This Home

As of April 2024

Rare investment opportunity in University Place!! The duplex you've been waiting for on a 10,800 SF lot in a residential neighborhood!! Income property and/or build your dream home! 1940's mid- century charm duplex with Separate driveways and plenty of room for multiple vehicles, RV parking and mature landscaping to provide total privacy! Great location close to Golf course and great schools! Roof installed in 2022, Garden shed in the yard and covered entries. Each unit has 1 bedroom and 1 bath on large private lot. R1 zone, allows one house or principal dwelling unit, and up to two ADUs, which can be attached or detached. For any future new construction, it would be limited to one single-family dwelling, with up to two ADUs.

Last Listed By

Valerie Verburg

Keller Williams Realty Bothell License #123214 Listed on: 03/01/2024

Keller Williams Realty Bothell

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2201460

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,600

Year Built

  • Built in 1945

Lot Details

  • 10,800 Sq Ft Lot
  • Open Space
  • Partially Fenced Property
  • Value in Land
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 840 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Utilities

  • Forced Air Heating System
  • Septic Tank

Community Details

  • No Home Owners Association
  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 022015-1-060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,600

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1945
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 840
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 258

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Open Space, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Washington Natural Gas
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 1441.43

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 495

Schools

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

Lot Info

  • Parcel Number: 022015-1-060
  • Lot Size Acres: 0.2479
  • Lot Size Sq Ft: 10800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2175

Multi Family

  • Gross Scheduled Income: 27472
  • Net Operating Income: 19921
  • Number Of Units Total: 2
  • Electric Expense: 179.08
  • Leasable Area: 840
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2023
  • Tax Annual Amount: 4600

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Apr 12, 2024
Sold by
Ward Willis D and Ward Felicia L
Bought by
Tiwana Gurpreet
Seller's Agent
Valerie Verburg
Keller Williams Realty Bothell
Buyer's Agent
Kevin Tiwana
Triplar Properties
List Price
$425,000
Sold Price
$450,000
Premium/Discount to List
$25,000
5.88%
Total Days on Market
2
Views
23
Current Estimated Value
$501,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,000
Avg. Annual Appreciation
10.45%
Original Mortgage
$360,000
Outstanding Balance
$356,258
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$144,742

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
Tiwana Gurpreet $450,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tiwana Gurpreet $360,000
Previous Owner Ward Willis D $255,000
Previous Owner Ward Willis D $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $450,000 +5.9% $536 / Sq Ft
03/03/2024 03/03/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $425,000 -- $506 / 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 $4,844 $422,600 $318,000 $104,600
2023 $4,844 $395,600 $287,000 $108,600
2022 $4,467 $397,700 $287,000 $110,700
2021 $4,081 $285,100 $196,500 $88,600
2019 $2,825 $244,400 $166,800 $77,600
2018 $2,549 $206,300 $139,200 $67,100
2017 $2,549 $183,600 $115,400 $68,200
2016 $2,415 $138,100 $87,900 $50,200
2014 $2,267 $129,400 $81,900 $47,500
2013 $2,267 $121,600 $74,500 $47,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2201460

Northwest Multiple Listing Service (NWMLS)

APN: 022015-1060