Listed by Fulcrum RE Services Inc, Bought with Theory Real Estate
NOT LISTED FOR SALE

7826 -7836 Custer Rd W Lakewood, WA 98499

Oakbrook Neighborhood

Estimated Value: $700,000 - $952,000

8 Beds
4 Baths
-- Sq Ft
0.73 Acres

Last Sold January 30, 2018

Last sale price $815,000

Est. 3% decrease in value since last sale

Current estimated payment $4,951/month

144 Days on Market

Highlights

  • 0.73 Acre Lot
  • Open Space
  • Wall to Wall Carpet
  • Secluded Lot
  • Wood Siding
  • 1-Story Property

About This Home

As of January 2018

Well-maintained investment community of 3 duplexes with a 600 SF detached shop/garage bringing additional income. Listing includes two parcels 0220263128 and 0220263063 with two duplexes and shop on 63128 and 1 duplex and on 63063. This is a one-of-a-kind community with no through traffic, old growth oak tree, covered parking and laundry in each unit. New market rents proven on smaller floor plan at $1150 + $75 W/S/G.

Last Agent to Sell the Property

Nick Parodi

Fulcrum RE Services Inc License #23499 Listed on: 07/14/2017

Last Buyer's Agent

Rizwan Awan

Theory Real Estate License #27407

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1162515

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,030

Year Built

  • Built in 1966

Lot Details

  • 0.73 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • Secluded Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 12 Parking Spaces
  • Open Parking

Community Details

  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220263128

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,030

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1966
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 520

Interior Features

  • 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, Open Space, Paved, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 7639

Schools

  • Junior High Dist: Lakewood

Lot Info

  • Parcel Number: 0220263128
  • Lot Size Acres: 0.73
  • Lot Size Sq Ft: 31799
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: PCTR

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 6580

Multi Family

  • Gross Scheduled Income: 78960
  • Net Operating Income: 49019
  • Number Of Units Total: 6
  • Electric Expense: 1322
  • Insurance Expense: 1303
  • Leasable Area: 4664
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2017
  • Tax Annual Amount: 8030

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2017
Closed on
Jan 17, 2018
Sold by
Panda Properties Llc
Bought by
Larsen Cindy J
Seller's Agent
Nick Parodi
Fulcrum RE Services Inc
Buyer's Agent
Rizwan Awan
Theory Real Estate
List Price
$900,000
Sold Price
$815,000
Premium/Discount to List
-$85,000
-9.44%
Current Estimated Value
$793,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,586
Avg. Annual Appreciation
-0.35%
Original Mortgage
$386,250
Outstanding Balance
$326,625
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$466,789

Purchase Details

Closed on
May 21, 2008
Sold by
Mcgovern Helen
Bought by
Panda Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2006
Sold by
Mcgovern Michael
Bought by
Mcgovern Helen

Purchase Details

Closed on
Apr 24, 2003
Sold by
Mcgovern Helen
Bought by
Mcgovern Helen and Mcgovern Michael
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Larsen Cindy J $569,719 Ticor Title
Panda Properties Llc $420,000 Fidelity National Title Insu
Mcgovern Helen -- None Available
Mcgovern Helen -- Pacific Northwest Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Larsen Cindy J $386,250
Previous Owner Panda Properties Llc $336,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2018 01/30/18 Sold $815,000 -7.4% --
12/09/2017 12/09/17 Pending -- -- --
09/08/2017 09/08/17 Price Changed $880,000 -2.2% --
07/17/2017 07/17/17 For Sale $900,000 -- --
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 $7,632 $737,000 $255,500 $481,500
2024 $7,632 $712,700 $247,700 $465,000
2023 $7,632 $694,000 $250,700 $443,300
2022 $7,009 $695,600 $255,800 $439,800
2021 $6,698 $504,100 $175,600 $328,500
2019 $5,035 $479,700 $156,900 $322,800
2018 $5,542 $409,100 $128,100 $281,000
2017 $4,991 $369,400 $116,800 $252,600
2016 $4,436 $288,000 $93,500 $194,500
2014 $4,048 $273,300 $93,500 $179,800
2013 $4,048 $253,400 $84,200 $169,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1162515

Northwest Multiple Listing Service (NWMLS)

APN: 022026-3128