Listed by Premier Real Estate Partners, Bought with CENTURY 21 North Homes Realty
NOT LISTED FOR SALE

7407 146th St SW Lakewood, WA 98439

Estimated Value: $882,000 - $896,000

5 Beds
2 Baths
2,803 Sq Ft
$317/Sq Ft Est. Value

Last Sold May 09, 2023

Last sale price $499,950 $178 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $5,137/month

37 Days on Market

Highlights

  • Territorial View
  • Baseboard Heating
  • Wood Siding
  • No HOA

About This Home

As of May 2023

INVESTOR ALERT! Looking for a prime development opportunity? Rehab the existing duplex or tear it down and build on this one-acre plot of flat land in an up and coming neighborhood. Plans & drawings in place for an 11 unit townhouse complex. Property is conveniently located near new Tesla factory, JBLM, Emerson Lake and shopping/dining. Sold AS-IS. Good investment to either remodel the existing duplex (4 bedroom/1.5 bath and 3 bedrooms/1bath) while waiting for permits!

Last Agent to Sell the Property

Masab El-himri

Premier Real Estate Partners License #20114931 Listed on: 03/08/2023

Last Buyer's Agent

Taylor Wolcott

CENTURY 21 North Homes Realty License #78214

CENTURY 21 North Homes Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2042758

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,711

Year Built

  • Built in 1908

Lot Details

  • 1

Home Design

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

Interior Spaces

  • 2,803 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Parking

  • 2 Parking Spaces
  • Open Parking

Additional Features

  • 1 Acre Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Tillicum Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0219221041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,711

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1908
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2803
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fixer
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Lakewood
  • WaterCompany: Lakewood Water District

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Clover Park
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0219221041
  • Lot Size Acres: 1
  • Lot Size Sq Ft: 43560
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: PCR
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9.26
  • LeasedItems: None
  • TotalMonthlyIncome: 4500

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4711

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
May 8, 2023
Sold by
Ladder Properties Llc
Bought by
Njoroge Irene and Mburu James
Seller's Agent
Masab El-himri
Premier Real Estate Partners
Buyer's Agent
Taylor Wolcott
CENTURY 21 North Homes Realty
List Price
$499,950
Sold Price
$499,950
Views
60
Current Estimated Value
$889,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,050
Avg. Annual Appreciation
26.24%
Original Mortgage
$540,000
Outstanding Balance
$525,067
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$363,933

Purchase Details

Closed on
Feb 8, 2021
Sold by
Pacific Services Northwest Inc
Bought by
Ladder Properties Llc and Mitch Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,764
Interest Rate
2.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 5, 2021
Sold by
Eastside Funding Llc
Bought by
Ladder Properties Llc and Mitch Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,764
Interest Rate
2.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Jun 22, 2019
Closed on
Sep 27, 2019
Sold by
Jmr Property Holdings Llc
Bought by
Pacific Services Northwest Inc
Seller's Agent
Jim Marso
Better Properties N. Proctor
List Price
$450,000
Sold Price
$445,000
Premium/Discount to List
-$5,000
-1.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.08%
Original Mortgage
$325,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2017
Sold by
Henderson James E
Bought by
Jmr Property Holdings Llc

Purchase Details

Closed on
Apr 17, 2017
Sold by
Jmr Property Holdings Llc
Bought by
Henderson James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2016
Sold by
Henderson James E
Bought by
Jmr Property Holdings Llc

Purchase Details

Closed on
Sep 8, 2006
Sold by
7407 146Th St Trust
Bought by
Henderson Jim

Purchase Details

Closed on
Nov 23, 1999
Sold by
Stumpf Mike
Bought by
Henderson James E and The 7407 146Th Street Sw Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.95%
Mortgage Type
Seller Take Back
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
Njoroge Irene -- Stewart Title
Ladder Properties Llc $326,501 None Available
Ladder Properties Llc -- None Available
Pacific Services Northwest Inc $445,000 Fidelity National Title
Jmr Property Holdings Llc -- None Available
Henderson James E -- First American Title
Jmr Property Holdings Llc -- None Available
Henderson Jim -- None Available
Henderson James E $120,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Njoroge Irene $540,000
Previous Owner Ladder Properties Llc $299,764
Previous Owner Pacific Services Northwest Inc $325,000
Previous Owner Henderson James E $78,000
Previous Owner Henderson James E $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/09/2023 05/09/23 Sold $499,950 0.0% $178 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $499,950 +12.3% $178 / Sq Ft
10/02/2019 10/02/19 Sold $445,000 -1.1% $182 / Sq Ft View Prior Sale
06/22/2019 06/22/19 For Sale $450,000 -- $184 / 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 $5,807 $523,900 $523,900 --
2024 $5,807 $523,900 $523,900 --
2023 $5,807 $714,600 $714,600 $0
2022 $4,571 $438,500 $235,200 $203,300
2021 $5,094 $380,100 $142,800 $237,300
2019 $3,329 $274,200 $102,900 $171,300
2018 $3,246 $264,300 $94,500 $169,800
2017 $2,893 $218,900 $74,700 $144,200
2016 $2,382 $170,300 $59,600 $110,700
2014 $2,457 $148,900 $48,700 $100,200
2013 $2,457 $144,500 $48,700 $95,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2042758

Northwest Multiple Listing Service (NWMLS)

APN: 021922-1041