Listed by John L. Scott, Inc, Bought with Best Choice Network LLC
NOT LISTED FOR SALE

727 8th Avenue Place NW Unit 731 Puyallup, WA 98371

Estimated Value: $591,000 - $779,000

6 Beds
3 Baths
2,424 Sq Ft
$299/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $475,000 $196 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,307/month

1 Day on Market

Highlights

  • RV Access or Parking
  • Territorial View
  • Property is Fully Fenced
  • Puyallup High School Rated A-
  • Cul-De-Sac
  • Wood Siding

About This Home

As of November 2018

Excellent investment opportunity triplex in Puyallup! Minutes to freeways, schools, shopping, parks and more. Each unit was updated 2 years ago, with new paint, flooring, bathroom, kitchen, mill-work and fixtures. Each unit is 2 bed 1 bath, turn key investment and is ready for you to take over. Roof was replaced 2 years ago and all water heaters were replaced this year! Rents are actual # with cap rate of 7.1%. Don't miss this opportunity! Call your agent today!

Last Agent to Sell the Property

Nelya Calev

John L. Scott, Inc License #97542 Listed on: 10/17/2018

John L. Scott, Inc

Last Buyer's Agent

Rachelle Willhite

Best Choice Network LLC License #18762

Best Choice Network LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1375454

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,711

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 0.31 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,424 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • Cable TV Available

Community Details

  • Puyallup Subdivision

Listing and Financial Details

  • Assessor Parcel Number 718000-005-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,711

Year Built

Built in 1968 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1968
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2424
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Triplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 1800

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Puyallup

Lot Info

  • Parcel Number: 718000-005-1
  • Lot Size Acres: 0.3074
  • Lot Size Sq Ft: 13392
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,RV Parking
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3650

Multi Family

  • Gross Scheduled Income: 43800
  • Net Operating Income: 33585
  • Number Of Units Total: 3
  • Insurance Expense: 1200
  • Leasable Area: 2424
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 3711

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2024
Sold by
Vogel John C and Vogel Charity A
Bought by
Henderson Ian M
Current Estimated Value
$725,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Outstanding Balance
$470,814
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$254,218

Purchase Details

Listed on
Oct 17, 2018
Closed on
Nov 17, 2018
Sold by
Whistwood Llc
Bought by
Vogel John C and Vogel Charity A
Seller's Agent
Nelya Calev
John L. Scott, Inc
Buyer's Agent
Rachelle Willhite
Best Choice Network LLC
List Price
$470,000
Sold Price
$475,000
Premium/Discount to List
$5,000
1.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%
Original Mortgage
$356,250
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2017
Sold by
Xen Elo
Bought by
Whistwood Llc

Purchase Details

Listed on
Oct 8, 2016
Closed on
Dec 29, 2016
Sold by
Do Joseph
Bought by
Xen Elo
Seller's Agent
Thang Vu
Better Prop International Dist
Buyer's Agent
Nelya Calev
John L. Scott, Inc
List Price
$330,000
Sold Price
$280,000
Premium/Discount to List
-$50,000
-15.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.45%

Purchase Details

Closed on
Jun 20, 2001
Sold by
Nguyen Noi T and Nguyen Tuan A
Bought by
Do Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
7.15%

Purchase Details

Closed on
Jun 16, 1999
Sold by
Nguyen Liem T
Bought by
Nguyen Noi T

Purchase Details

Closed on
Feb 1, 1995
Sold by
Zielke Rubin and Zielke Ruben
Bought by
Nguyen Liem T and Nguyen Noi T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,200
Interest Rate
9.2%
Source: Public Records

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
Henderson Ian M $725,000 Chicago Title
Vogel John C $474,719 Fidelity National Title
Whistwood Llc -- None Available
Xen Elo $279,719 Attorneys Title
Do Joseph $178,000 Stewart Title
Nguyen Noi T -- --
Nguyen Liem T $159,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henderson Ian M $479,200
Previous Owner Vogel John C $356,250
Previous Owner Do Joseph $142,400
Previous Owner Nguyen Liem T $127,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2018 11/21/18 Sold $475,000 +1.1% $196 / Sq Ft
10/18/2018 10/18/18 Pending -- -- --
10/17/2018 10/17/18 For Sale $470,000 +67.9% $194 / Sq Ft
12/30/2016 12/30/16 Sold $280,000 -6.4% $116 / Sq Ft View Prior Sale
12/01/2016 12/01/16 Pending -- -- --
11/30/2016 11/30/16 Price Changed $299,000 -9.4% $123 / Sq Ft
10/21/2016 10/21/16 For Sale $330,000 0.0% $136 / Sq Ft
10/12/2016 10/12/16 Pending -- -- --
10/11/2016 10/11/16 For Sale $330,000 -- $136 / 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 $5,379 $623,500 $262,400 $361,100
2024 $5,379 $620,400 $239,200 $381,200
2023 $5,379 $549,700 $221,300 $328,400
2022 $5,262 $518,900 $240,700 $278,200
2021 $5,000 $418,700 $160,000 $258,700
2019 $3,664 $384,400 $145,000 $239,400
2018 $3,711 $299,900 $136,800 $163,100
2017 $3,258 $269,200 $113,400 $155,800
2016 $2,894 $211,500 $84,700 $126,800
2014 $2,629 $190,600 $74,700 $115,900
2013 $2,629 $175,000 $63,400 $111,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1375454

Northwest Multiple Listing Service (NWMLS)

APN: 718000-0051