Listed by Keller Williams Rlty Bellevue, Bought with Real Broker LLC
NOT LISTED FOR SALE

7404 31st Street Ct W University Place, WA 98466

Estimated Value: $737,490 - $802,000

8 Beds
2 Baths
3,168 Sq Ft
$242/Sq Ft Est. Value

Last Sold December 20, 2019

Last sale price $520,000 $164 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,750/month

82 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Ceramic Tile Flooring
  • Evergreen Primary School Rated A
  • Patio
  • High Speed Internet

About This Home

As of December 2019

Amazing opportunity as a duplex, house hack or large single family home w/separate spaces! Immaculate, turn key duplex, very near shopping, dining, entertainment & outdoor activities. 4 bedrooms & 1 bath in each unit. Both units have exact same sqft & floor plans. Units connect via staircase or you can access each separately. An abundant amount of parking available w/room for an RV. Large, mostly level lot has been expertly manicured & may have potential to add another duplex or subdivide.

Last Agent to Sell the Property

Wesley Jones

Keller Williams Rlty Bellevue License #50134 Listed on: 09/04/2019

Keller Williams Rlty Bellevue

Co-Listed By

Ebbie Smith

Keller Williams Rlty Bellevue License #26900

Last Buyer's Agent

John Kim

Real Broker LLC License #115937

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1512775

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,183

Year Built

  • Built in 1947

Lot Details

  • 0.33 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Corner Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Bitumen Roof
  • Stucco

Interior Spaces

  • 3,168 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Parking Spaces
  • 1 Covered Space
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

  • Curtis Jnr High Middle School
  • Curtis Snr High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220108028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,183

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1947
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3168
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 437

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Torch Down
  • Lot Features: Corner Lot, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric, Wood
  • PowerCompany: Pierce County Utilities
  • SewerCompany: Pierce County Sewer
  • WaterCompany: UP Water
  • WaterSewerGarbage: 1500

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: University Place
  • High School: Curtis Snr High
  • Middle Or Junior School: Curtis Jnr High

Lot Info

  • Parcel Number: 0220108028
  • Lot Size Acres: 0.33
  • Lot Size Sq Ft: 14374
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 3600

Multi Family

  • Gross Scheduled Income: 43200
  • Net Operating Income: 33557
  • Number Of Units Total: 2
  • Electric Expense: 2400
  • Insurance Expense: 1200
  • Leasable Area: 3168
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 100

Tax Info

  • Year: 2019
  • Tax Annual Amount: 4183

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2019
Closed on
Dec 13, 2019
Sold by
Johnson Julie R
Bought by
Wen Jia Liang
Seller's Agent
Wesley Jones
Keller Williams Rlty Bellevue
Buyer's Agent
John Kim
Real Broker LLC
List Price
$550,000
Sold Price
$520,000
Premium/Discount to List
-$30,000
-5.45%
Current Estimated Value
$766,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,873
Avg. Annual Appreciation
6.33%
Original Mortgage
$390,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2016
Sold by
Mclure Mark and Blankenship Michael
Bought by
Johnson Julie

Purchase Details

Closed on
Aug 29, 2008
Sold by
Aurora Loan Services Llc
Bought by
Johnson Julie R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,625
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2008
Sold by
Goddard Jamie
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Nov 12, 2004
Sold by
Gooddard Robet Wayne
Bought by
Goddard Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2003
Sold by
Reim Ruth A
Bought by
Goddard Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2003
Sold by
Goddard Robert Wayne
Bought by
Goddard Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage
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
Wen Jia Liang $520,000 Old Republic Title Ltd
Johnson Julie -- None Available
Johnson Julie R $197,500 Fatco
Aurora Loan Services Llc $233,992 Fatco
Goddard Jamie -- Ticor Title Of Wa Inc
Goddard Jamie $120,000 Fidelity National Title Co O
Goddard Jamie -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wen Jia Liang $427,000
Closed Wen Jia Liang $390,000
Previous Owner Johnson Julie R $187,625
Previous Owner Goddard Jamie $220,000
Previous Owner Goddard Jamie $75,000
Previous Owner Goddard Jamie $114,000
Closed Goddard Jamie $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2019 12/20/19 Sold $520,000 -1.0% $164 / Sq Ft
11/25/2019 11/25/19 Pending -- -- --
09/26/2019 09/26/19 Price Changed $525,000 -4.5% $166 / Sq Ft
09/04/2019 09/04/19 For Sale $550,000 -- $174 / 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 $6,862 $704,200 $325,500 $378,700
2024 $6,862 $661,400 $337,600 $323,800
2023 $6,862 $571,900 $295,700 $276,200
2022 $6,378 $577,500 $295,700 $281,800
2021 $5,942 $424,500 $202,400 $222,100
2019 $4,183 $365,100 $171,900 $193,200
2018 $4,632 $316,000 $146,000 $170,000
2017 $3,809 $294,100 $121,000 $173,100
2016 $3,635 $219,400 $92,100 $127,300
2014 $3,397 $206,500 $85,900 $120,600
2013 $3,397 $197,800 $78,000 $119,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1512775

Northwest Multiple Listing Service (NWMLS)

APN: 022010-8028