Listed by Kidder Mathews, Bought with Globenex Realty
NOT LISTED FOR SALE

7414 31st Street Ct W University Place, WA 98466

Estimated Value: $1,421,000 - $1,552,590

12 Beds
6 Baths
4,528 Sq Ft
$328/Sq Ft Est. Value

Last Sold October 21, 2019

Last sale price $965,000 $213 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $9,128/month

229 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Patio
  • Evergreen Primary School Rated A
  • Cul-De-Sac
  • Property is Fully Fenced

About This Home

As of October 2019

In the heart of University Place, this 4-plex has updated townhome style units. New roof, siding repairs, new exterior paint, new parking lot striping, and improvements to the landscaping were done in 2018. Each unit has a washer & dryer, fireplace, private deck & patio area, vinyl windows, updated flooring, new cabinet faces, and updated counter tops. The property has a WalkScore of 75 making it very walkable to the amenities within a 1/2 mile radius.

Last Agent to Sell the Property

Brian Richardson

Kidder Mathews License #78371 Listed on: 03/06/2019

Last Buyer's Agent

Lia Huang

Globenex Realty License #124423

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1419835

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,285

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • 8,276 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced

Home Design

  • Quadruplex
  • Concrete Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,528 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Evergreen Primary Elementary School
  • Curtis Jnr High Middle School
  • Curtis Snr High School

Utilities

  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220108026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,285

Year Built

Built in 1981 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1981
  • Buyer Agency Compensation: 2.50
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4528
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 572

Interior Features

  • Possible Use: Commercial, Multi-Family, Office, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Tacoma Public
  • SewerCompany: Tacoma
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 8440

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: 0220108026
  • Lot Size Acres: 0.19
  • Lot Size Sq Ft: 8276
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Patio
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family,Office,Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 7198

Multi Family

  • Gross Scheduled Income: 86376
  • Net Operating Income: 71413
  • Number Of Units Total: 4
  • Insurance Expense: 850
  • Leasable Area: 4528
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6285

MLS Schools

  • Elementary School: Evergreen Primary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2019
Closed on
Oct 18, 2019
Sold by
Duncan Chad W
Bought by
Huang Anna Y
Seller's Agent
Brian Richardson
Kidder Mathews
Buyer's Agent
Lia Huang
Globenex Realty
List Price
$1,049,000
Sold Price
$965,000
Premium/Discount to List
-$84,000
-8.01%
Current Estimated Value
$1,488,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$523,015
Avg. Annual Appreciation
7.55%
Original Mortgage
$724,125
Outstanding Balance
$637,294
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$837,727

Purchase Details

Closed on
Feb 3, 2007
Sold by
Beall & Davis Properties Llc
Bought by
Duncan Chad W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 29, 2004
Sold by
Beall Timothy B
Bought by
Beall & Davis Properties Llc

Purchase Details

Closed on
Dec 6, 2002
Sold by
Suh Mann H
Bought by
Beall Tim and Beall Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 8, 1999
Sold by
Suh Mann H
Bought by
Suh Mann H and Kim Hyung S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
8%
Mortgage Type
Commercial
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
Huang Anna Y $963,800 Wfg Natl Ttl Co Of Wa Llc
Duncan Chad W $449,000 Chicago Title Insurance Co
Beall & Davis Properties Llc -- --
Beall Tim $265,000 First American Title Ins Co
Suh Mann H -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Anna Y $724,125
Previous Owner Duncan Chad W $360,000
Previous Owner Beall Tim $198,750
Previous Owner Suh Mann H $172,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2019 10/21/19 Sold $965,000 -5.9% $213 / Sq Ft
10/21/2019 10/21/19 Pending -- -- --
06/17/2019 06/17/19 Price Changed $1,025,000 -2.3% $226 / Sq Ft
05/28/2019 05/28/19 For Sale $1,049,000 0.0% $232 / Sq Ft
05/10/2019 05/10/19 Pending -- -- --
04/08/2019 04/08/19 For Sale $1,049,000 0.0% $232 / Sq Ft
03/19/2019 03/19/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $1,049,000 -- $232 / 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 $12,242 $1,149,100 $290,000 $859,100
2024 $12,242 $1,079,800 $300,800 $779,000
2023 $12,242 $1,044,200 $266,100 $778,100
2022 $10,950 $1,056,600 $266,100 $790,500
2021 $10,174 $740,200 $182,200 $558,000
2019 $6,285 $525,500 $154,700 $370,800
2018 $7,001 $484,500 $127,000 $357,500
2017 $5,874 $446,800 $105,300 $341,500
2016 $5,073 $315,900 $80,200 $235,700
2014 $4,700 $288,700 $74,700 $214,000
2013 $4,700 $271,600 $67,900 $203,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1419835

Northwest Multiple Listing Service (NWMLS)

APN: 022010-8026