NOT LISTED FOR SALE

7631 28th St W Unit 7633 University Place, WA 98466

Estimated Value: $965,168 - $1,196,000

6 Beds
5 Baths
4,656 Sq Ft
$228/Sq Ft Est. Value

Last Sold March 11, 2016

Last sale price $470,000 $101 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $6,698/month

3 Days on Market

Highlights

  • Deck
  • Property is in very good condition
  • Wall to Wall Carpet
  • Evergreen Primary School Rated A
  • Partially Fenced Property

About This Home

As of March 2016

One of the largest town-home duplexes in UP blocks from the new Town Center and shops! This 4 bedrooms, 3.5 baths has very spacious living room, dining area, and family room, with gas fireplaces. The kitchen has a gas stove, all appliances and a breakfast bar. The lower level has a laundry room, family room, bedroom and bath. Enjoy the deck and below it a patio, fenced yard, 2 car garage. Great investment opportunity.

Last Listed By

Carrie Jakeman

Park 52, Inc. License #24297 Listed on: 02/02/2016

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 891236

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,993

Year Built

  • Built in 2002

Lot Details

  • 8,093 Sq Ft Lot
  • Partially Fenced Property
  • Property is in very good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 4,656 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 448000-017-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,993

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 2002
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4656
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 263

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: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Natural Gas Connected
  • PowerCompany: City of Tacoma
  • SewerCompany: Pierce County Sewer
  • WaterCompany: City of Tacoma
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: University Place

Lot Info

  • Parcel Number: 448000-017-2
  • Lot Size Acres: 0.1858
  • Lot Size Sq Ft: 8093
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available
  • MLSLotSizeSource: realist

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3150

Multi Family

  • Gross Scheduled Income: 37800
  • Net Operating Income: 28100
  • Number Of Units Total: 6
  • Insurance Expense: 1500
  • Leasable Area: 4656
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2015
  • Tax Annual Amount: 5993

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2016
Closed on
Mar 7, 2016
Sold by
Stewart Alan R and Stewart Alan
Bought by
Tiwana Parminder Singh and Tiwana Harjinder
Seller's Agent
Carrie Jakeman
Park 52, Inc.
Buyer's Agent
Lisa Jo Trout
Better Properties Kent LLC
List Price
$499,000
Sold Price
$470,000
Premium/Discount to List
-$29,000
-5.81%
Total Days on Market
3
Current Estimated Value
$1,063,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$593,042
Avg. Annual Appreciation
9.00%
Original Mortgage
$352,500
Outstanding Balance
$286,250
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$752,195

Purchase Details

Closed on
Jan 7, 2005
Sold by
Metcalf Robert W
Bought by
Stewart Alan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 6, 2005
Sold by
Stewart Jennifer K
Bought by
Stewart Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2002
Sold by
Rathwick Ray W
Bought by
Metcalf Robert W and Metcalf Sundi B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.84%
Mortgage Type
Balloon

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
Tiwana Parminder Singh $469,719 Rainier Title Llc
Stewart Alan R $415,000 Fidelity Natl Title Co Of Wa
Stewart Alan -- Fidelity Natl Title Co Of Wa
Metcalf Robert W $118,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tiwana Parminder Singh $352,500
Previous Owner Stewart Alan R $89,350
Previous Owner Stewart Alan $332,000
Previous Owner Stewart Alan R $332,000
Previous Owner Metcalf Robert W $257,000
Previous Owner Metcalf Robert W $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2016 03/11/16 Sold $470,000 -5.8% $101 / Sq Ft
02/06/2016 02/06/16 Pending -- -- --
02/02/2016 02/02/16 For Sale $499,000 -- $107 / 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
2024 $9,306 $826,000 $299,400 $526,600
2023 $9,306 $785,400 $264,400 $521,000
2022 $8,258 $781,200 $264,400 $516,800
2021 $7,776 $561,800 $181,000 $380,800
2019 $6,440 $520,000 $153,700 $366,300
2018 $7,162 $498,300 $126,100 $372,200
2017 $6,458 $458,500 $104,500 $354,000
2016 $5,993 $382,800 $75,600 $307,200
2014 $5,251 $345,100 $70,400 $274,700
2013 $5,251 $307,000 $64,000 $243,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 891236

Northwest Multiple Listing Service (NWMLS)

APN: 448000-0172