NOT LISTED FOR SALE

7805 7803 23rd Street Ct W University Place, WA 98466

Estimated Value: $538,465 - $630,000

3 Beds
2 Baths
1,284 Sq Ft
$450/Sq Ft Est. Value

Last Sold June 25, 2020

Last sale price $405,000 $315 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,701/month

17 Days on Market

Highlights

  • High Speed Internet
  • Partially Fenced Property
  • Wall to Wall Carpet
  • University Place Primary School Rated A
  • Wood Siding
  • 1-Story Property

About This Home

As of June 2020

Great investment opportunity in University Place. This duplex can be a great addition to your portfolio or as a first time investment. Great location. Close to schools, shopping and freeway. Buyer to verify all information as duplex is owner/family occupied. Costs in listing are estimated costs. Large lot with two car garage that could be rented for extra income.

Last Listed By

Teri Hill

Dove Realty, Inc. License #13559 Listed on: 05/04/2020

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1595772

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,978

Year Built

  • Built in 1959

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 100x17x21x83x118x100
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,284 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220102138

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,978

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1959
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1284
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 281

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: Pierce County
  • WaterCompany: TPU
  • WaterSewerGarbage: 143

Schools

  • Junior High Dist: University Place
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0220102138
  • Lot Size Acres: 0.2778
  • Lot Size: 100x17x21x83x118x100
  • Lot Size Sq Ft: 12100
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 5
  • LeasedItems: None
  • TotalMonthlyIncome: 2200

Multi Family

  • Gross Scheduled Income: 2200
  • Net Operating Income: 307
  • Number Of Units Total: 2
  • Insurance Expense: 1750
  • Leasable Area: 1284
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 1978

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2020
Closed on
Jun 19, 2020
Sold by
Matherne Mary Ann
Bought by
Mamuli Obadiah M and Mamuli Rheda
Seller's Agent
Teri Hill
Dove Realty, Inc.
Buyer's Agent
Sam Addai
Modern Living Real Estate
List Price
$405,000
Sold Price
$405,000
Total Days on Market
17
Current Estimated Value
$578,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,116
Avg. Annual Appreciation
8.04%
Original Mortgage
$397,664
Outstanding Balance
$357,134
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$235,392

Purchase Details

Closed on
Apr 28, 2019
Sold by
Matherne Mary Ann
Bought by
Matherne Mary Ann

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
Mamuli Obadiah M $405,000 Ticor Title
Matherne Mary Ann -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mamuli Obadiah M $12,606
Open Mamuli Obadiah M $397,664
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2020 06/25/20 Sold $405,000 0.0% $315 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
05/04/2020 05/04/20 For Sale $405,000 -- $315 / 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 $5,577 $488,200 $297,700 $190,500
2023 $5,577 $459,600 $286,200 $173,400
2022 $5,298 $474,100 $299,300 $174,800
2021 $4,659 $328,400 $192,700 $135,700
2019 $1,978 $304,700 $172,300 $132,400
2018 $1,880 $272,800 $149,400 $123,400
2017 $1,880 $236,200 $123,900 $112,300
2016 $3,141 $186,800 $97,600 $89,200
2014 $2,971 $173,200 $90,600 $82,600
2013 $2,971 $158,700 $81,300 $77,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1595772

Northwest Multiple Listing Service (NWMLS)

APN: 022010-2138