Listed by Designed Realty, Bought with Multifamily Properties
NOT LISTED FOR SALE

7910 7912 Sunset Terrace W University Place, WA 98466

Estimated Value: $672,549 - $697,000

4 Beds
2 Baths
1,697 Sq Ft
$403/Sq Ft Est. Value

Last Sold December 30, 2016

Last sale price $305,000 $180 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $4,228/month

159 Days on Market

Highlights

  • 0.46 Acre Lot
  • Patio
  • Wood Siding
  • Evergreen Primary School Rated A
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of December 2016

Rambler duplex . 2 beds/1 bath and single car garage for each unit. Each unit has range, refrigerator, dishwasher, washer/dryer. Newer roof. Nice yard. Tenants are month-to-month so upside with renovations and/or push rent increases

Last Agent to Sell the Property

William Stegeman

Designed Realty License #27401 Listed on: 05/26/2016

Designed Realty

Last Buyer's Agent

Brandon Vukelich

Multifamily Properties License #27939

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 950828

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,887

Year Built

  • Built in 1976

Lot Details

  • 0.46 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Value in Land

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,697 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Septic Tank
  • Septic System

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220156003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,887

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1976
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1697
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Value In Land
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • 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: Septic Tank
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Septic System, Electric
  • WaterSewerGarbage: 1199

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: University Place

Lot Info

  • Parcel Number: 0220156003
  • Lot Size Acres: 0.46
  • Lot Size Sq Ft: 20038
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 1850

Multi Family

  • Gross Scheduled Income: 22200
  • Net Operating Income: 14714
  • Number Of Units Total: 2
  • Insurance Expense: 1260
  • Leasable Area: 1697
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3887

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2017
Sold by
Moltz Beth S
Bought by
Moltz Sema
Current Estimated Value
$683,887

Purchase Details

Listed on
May 26, 2016
Closed on
Dec 28, 2016
Sold by
Tucker Audrey A
Bought by
Moltz Beth S
Seller's Agent
William Stegeman
Designed Realty
Buyer's Agent
Brandon Vukelich
Multifamily Properties
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%
Original Mortgage
$244,000
Outstanding Balance
$201,031
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$498,752

Purchase Details

Listed on
May 26, 2016
Closed on
Nov 28, 2016
Sold by
Foley Robert
Bought by
Moltz Beth S
Seller's Agent
William Stegeman
Designed Realty
Buyer's Agent
Brandon Vukelich
Multifamily Properties
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Outstanding Balance
$201,031
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$498,752
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
Moltz Sema -- None Available
Moltz Beth S $304,719 Ticor Title
Moltz Beth S -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moltz Beth S $244,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2016 12/30/16 Sold $305,000 -1.6% $180 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
08/19/2016 08/19/16 Price Changed $310,000 -1.6% $183 / Sq Ft
07/11/2016 07/11/16 Price Changed $315,000 -3.1% $186 / Sq Ft
05/27/2016 05/27/16 For Sale $325,000 -- $192 / 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 $7,232 $656,400 $348,900 $307,500
2024 $7,232 $627,000 $361,800 $265,200
2023 $7,232 $604,200 $342,000 $262,200
2022 $6,717 $609,900 $342,000 $267,900
2021 $6,211 $444,600 $234,200 $210,400
2019 $4,358 $381,100 $198,800 $182,300
2018 $4,855 $330,100 $172,300 $157,800
2017 $3,992 $305,000 $142,800 $162,200
2016 $3,820 $226,500 $108,700 $117,800
2014 $3,568 $214,100 $101,300 $112,800
2013 $3,568 $202,800 $92,100 $110,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 950828

Northwest Multiple Listing Service (NWMLS)

APN: 022015-6003