Listed by Home Team Northwest Inc, Bought with Berkshire Hathaway HS SSP
NOT LISTED FOR SALE

7117 40th St W Unit 7 University Place, WA 98466

Estimated Value: $530,000 - $608,055

3 Beds
3 Baths
2,108 Sq Ft
$410/mo HOA Fee

Last Sold October 12, 2022

Last sale price $500,000 $237 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,013/month

45 Days on Market

Highlights

  • RV Access or Parking
  • RV Parking in Community
  • Property is near public transit
  • Evergreen Primary School Rated A
  • Clubhouse
  • Secluded Lot

About This Home

As of October 2022

New Price! Seller Motivated. Amazing opportunity to own this beautifully updated home in a quiet & convenient U.P. location. Close to shopping and U.P. town center. From the comfortable convenient main floor primary bedroom to the spacious lower level with indoor workshop and 300 sqft storage area this home has everything you need (and want). Almost maintenance free; landscaping, roof, and exterior paint is done by the HOA. Lower level is almost it's own apartment with a Bedroom, Bathroom, outside entrance, etc. Outstanding!

Last Agent to Sell the Property

Doug Davey

Home Team Northwest Inc License #12448 Listed on: 08/12/2022

Last Buyer's Agent

Jim Goertz

Berkshire Hathaway HS SSP License #21025924

Berkshire Hathaway HS SSP

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1982178

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,365

Year Built

  • Built in 1978

Lot Details

  • West Facing Home
  • Sprinkler System

HOA Fees

  • $410 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,108 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Wood Burning Fireplace
  • Insulated Windows

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Car Garage
  • Uncovered Parking
  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near public transit

Schools

  • University Pl Primar Elementary School
  • Narrows View Interme Middle School
  • Curtis Snr High School

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area maintenance, road maintenance, water
  • 30 Units
  • Carol Burton Association
  • Secondary HOA Phone (253) 514-6638
  • Hidden Wood West Condos
  • University Place Subdivision
  • RV Parking in Community

Amenities

  • Clubhouse
  • Game Room
  • Recreation Room

Recreation

  • Sport Court

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,365

Year Built

Built in 1978

Lot Details

0

HOA Fees

$410 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • StyleCode: 31 - Condo (2 Levels)
  • Year Built: 1978
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwasher,GarbageDisposal,Microwave,Refrigerator,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Traditional
  • Building Name: Hidden Wood West
  • Unit Levels: Two
  • New Construction: No
  • CalculatedSquareFootage: 2108
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • DwellingType: Attached
  • NumberOfAccessStairs: 0
  • RemodeledUpdated: true
  • UnitFeatures: Balcony/Deck/Patio,Insulated Windows,Skylights,Sprinkler System,Walk-in Closet
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/1982178?w=Consumer&agent=16880
  • Special Features: None
  • Cumulative Days on Market: 237

Interior Features

  • Fireplaces: 1
  • Appliances: Dishwasher_, GarbageDisposal_, Microwave_, Refrigerator_, StoveRange_
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Heat Pump, Central A/C, Wall to Wall Carpet, Laminate, Balcony/Deck/Patio, Cooking-Electric, Dryer-Electric, Washer, Fireplace, Water Heater
  • Main Level Bedrooms: 2
  • Stories: 2
  • Bathrooms: 2.5
  • BathsFullMain: 1
  • FireplacesMain: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 1
  • BathsThreeQuarterMain: 1
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 1
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Garbage Disposal,Microwave,Refrigerator,StoveRange
  • StorageLocation: Basement
  • WindowCoverings: Yes

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Secluded
  • View: No
  • Waterfront: No
  • Direction Faces: West
  • Exterior Features: Wood, Wood Products
  • Structure Type: Multi Family
  • BusLineNearby: true

Garage/Parking

  • Carport Y N: No
  • Garage Yn: Yes
  • Parking Features: RV Parking, Individual Garage, Off Street, Uncovered
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Electric, CableTV_, Common Area Maintenance, Road Maintenance, SeeRemarks_
  • ApplianceHookups: Cooking-Electric,Dryer-Electric,Washer
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Electric

Condo/Co-op/Association

  • Community Features: Athletic Court, ClubHouses, Game/Rec Rm, RV Parking
  • Senior Community: No
  • Association Fee: 410
  • Association Fee Frequency: Monthly
  • Phone: 253-514-6638
  • Association: Yes
  • Pets Allowed: Cats OK, Dogs OK
  • AssociationContactName: Carol Burton
  • CommonPropertyFeatures: Athletic Court,ClubHouses,Game/Rec Rm,RV Parking

Fee Information

  • Association Fee Includes: Cable TV, Common Area Maintenance, Road Maintenance, See Remarks, Water

Schools

  • Junior High Dist: University Place
  • High School: Curtis Snr High
  • Middle Or Junior School: Narrows View Interme

Lot Info

  • Parcel Number: 446250-007-0
  • Lot Size Acres: 0.222
  • Lot Size Sq Ft: 9670
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Efficiency: Insulated Windows
  • Power Production Type: Electric

Rental Info

  • RentalCap: No Rental Cap

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5365

Multi Family

  • Number Of Units In Community: 30
  • EnergySource: Electric
  • UnitsInBuildingTotal: 1

MLS Schools

  • Elementary School: University Pl Primar

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2022
Closed on
Oct 7, 2022
Sold by
Reis Family Living Trust
Bought by
Barr James B
Seller's Agent
Doug Davey
Home Team Northwest Inc
Buyer's Agent
Jim Goertz
Berkshire Hathaway HS SSP
List Price
$569,000
Sold Price
$500,000
Premium/Discount to List
-$69,000
-12.13%
Views
2
Current Estimated Value
$569,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,514
Avg. Annual Appreciation
3.72%

Purchase Details

Listed on
Nov 25, 2015
Closed on
Mar 28, 2016
Sold by
Reis Luke A and Reis Patricia L
Bought by
Reis Family Living Trust
Seller's Agent
Lori Lewandowski
John L. Scott, Inc
Buyer's Agent
Doug Davey
Home Team Northwest Inc
List Price
$284,950
Sold Price
$275,000
Premium/Discount to List
-$9,950
-3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.32%

Purchase Details

Listed on
Nov 25, 2015
Closed on
Jan 27, 2016
Sold by
Turning Point Acquisitions Inc
Bought by
Reis Luke A and Reis Patricia L
Seller's Agent
Lori Lewandowski
John L. Scott, Inc
Buyer's Agent
Doug Davey
Home Team Northwest Inc
List Price
$284,950
Sold Price
$275,000
Premium/Discount to List
-$9,950
-3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2015
Sold by
Gillis Darlene
Bought by
Turning Point Acquisitions Inc

Purchase Details

Closed on
May 11, 2005
Sold by
Scott Mary Lucich
Bought by
Gillis Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.02%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Barr James B -- Stewart Title
Reis Family Living Trust -- None Available
Reis Luke A $274,719 First American Title Ins Co
Turning Point Acquisitions Inc $188,001 None Available
Gillis Darlene $210,000 Transnation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reis Luke A $200,000
Previous Owner Gillis Darlene $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2022 10/12/22 Sold $500,000 0.0% $237 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
09/23/2022 09/23/22 Price Changed $499,900 -9.0% $237 / Sq Ft
09/07/2022 09/07/22 Price Changed $549,500 -3.4% $261 / Sq Ft
08/12/2022 08/12/22 For Sale $569,000 +106.9% $270 / Sq Ft
01/29/2016 01/29/16 Sold $275,000 -3.5% $130 / Sq Ft
12/19/2015 12/19/15 Pending -- -- --
11/25/2015 11/25/15 For Sale $284,950 -- $135 / 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 $5,498 $533,100 $273,700 $259,400
2024 $5,498 $523,700 $283,800 $239,900
2023 $5,498 $466,000 $277,400 $188,600
2022 $5,365 $502,100 $277,400 $224,700
2021 $5,215 $379,800 $189,900 $189,900
2019 $3,803 $349,700 $161,300 $188,400
2018 $4,150 $295,800 $125,300 $170,500
2017 $3,740 $266,800 $103,900 $162,900
2016 $3,744 $224,800 $79,100 $145,700
2014 $3,427 $217,400 $73,700 $143,700
2013 $3,427 $202,200 $67,000 $135,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1982178

Northwest Multiple Listing Service (NWMLS)

APN: 446250-0070