Listed by PNW Towns and Sound, Bought with John L. Scott, Inc.
NOT LISTED FOR SALE

7320 194th Ave E Bonney Lake, WA 98391

Estimated Value: $644,771 - $766,000

6 Beds
3 Baths
2,158 Sq Ft
$329/Sq Ft Est. Value

Last Sold November 28, 2018

Last sale price $450,000 $209 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,148/month

2 Days on Market

Highlights

  • 0.55 Acre Lot
  • Deck
  • Wood Siding
  • Bonney Lake Elementary School Rated A-
  • Property is in very good condition
  • Wall to Wall Carpet

About This Home

As of November 2018

Well maintained duplex located next to Allen Yorke park. Each main floor features kitchen and living area, laundry, 1/2
bath, and 1 car garage and deck. 3 bedrooms and a full bath upstairs. Carpet and vinyl flooring upstairs. New roof in
2015. Exterior painting summer of 2013. Brand new paint/carpet in B unit.

Last Agent to Sell the Property

Jim Cochran

PNW Towns and Sound License #6763 Listed on: 10/31/2018

Last Buyer's Agent

Sarah Waring

John L. Scott, Inc. License #26046

John L. Scott, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1381747

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,715

Year Built

  • Built in 1997

Lot Details

  • 0.55 Acre Lot
  • Street terminates at a dead end
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,158 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Bonney Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0520288009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,715

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1997
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2158
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, Sewer Connected, Natural Gas Connected
  • PowerCompany: PSE
  • SewerCompany: Bonney Lake
  • WaterCompany: Bonney Lake

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Sumner

Lot Info

  • Parcel Number: 0520288009
  • Lot Size Acres: 0.55
  • Lot Size Sq Ft: 23958
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: county
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 3200

Tax Info

  • Year: 2018
  • Tax Annual Amount: 3715

Multi Family

  • Number Of Units Total: 2
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2018
Closed on
Nov 26, 2018
Sold by
Ward Terry and Ward Kim
Bought by
Newton Michael J
Seller's Agent
Jim Cochran
PNW Towns and Sound
Buyer's Agent
Sarah Waring
John L. Scott, Inc.
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$709,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,693
Avg. Annual Appreciation
6.81%
Original Mortgage
$427,500
Outstanding Balance
$376,637
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$333,056

Purchase Details

Closed on
May 21, 2001
Sold by
Nightingale Steven A
Bought by
Ward Terry and Ward Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.06%
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
Newton Michael J $449,719 Fidelity National Title Comp
Ward Terry $195,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newton Michael J $427,500
Previous Owner Ward Terry $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2018 11/28/18 Sold $450,000 0.0% $209 / Sq Ft
11/02/2018 11/02/18 Pending -- -- --
10/31/2018 10/31/18 For Sale $450,000 -- $209 / 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 $5,112 $614,800 $228,600 $386,200
2024 $5,112 $565,200 $186,200 $379,000
2023 $5,112 $502,700 $181,700 $321,000
2022 $5,080 $491,000 $199,600 $291,400
2021 $5,007 $384,400 $140,000 $244,400
2019 $4,083 $380,700 $120,700 $260,000
2018 $4,099 $331,200 $102,600 $228,600
2017 $3,262 $292,500 $85,500 $207,000
2016 $2,795 $238,000 $62,200 $175,800
2014 $2,794 $197,600 $53,300 $144,300
2013 $2,794 $177,700 $50,600 $127,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jim Cochran

    PNW Towns and Sound

    (253) 223-1312

    20 Total Sales

    Jim Cochran
    Section Image
  • Sarah Waring

    Buyer's Agent in 2018

    Sarah Waring

    John L Scott

    (253) 377-8713

    43 Total Sales

    Sarah Waring
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1381747

Northwest Multiple Listing Service (NWMLS)

APN: 052028-8009

Washington Pierce County Bonney Lake 98391

7320 194th Ave E, Bonney Lake, WA

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Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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