NOT LISTED FOR SALE

7916 41st St W Unit 2 University Place, WA 98466

Estimated Value: $681,000 - $738,000

4 Beds
2 Baths
1,872 Sq Ft
$374/Sq Ft Est. Value

Last Sold September 15, 2014

Last sale price $285,000 $152 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $4,542/month

5 Days on Market

Highlights

  • Corner Lot
  • Cul-De-Sac
  • Wood Siding
  • Evergreen Primary School Rated A
  • Property is in very good condition
  • Wall to Wall Carpet

About This Home

As of September 2014

Looking for a great investment?! 100% occupied with separate 2 car garage that rents for an additional $150.00 per month and all three long term tenants. Great corner location and excellent condition inside and out. Centrally located in University Place blocks from shopping, town center and schools. Expenses are approximate, tenant pays utility bill backs. This is your next investment or home!

Last Agent to Sell the Property

Paul Jakeman

Park 52, Inc. License #13032 Listed on: 07/31/2014

Co-Listed By

Carrie Jakeman

Park 52, Inc. License #24297

Last Buyer's Agent

Tyler Edwards

T Edwards Co License #26743

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 675978

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,685

Year Built

  • Built in 1973

Lot Details

  • 0.34 Acre Lot
  • Cul-De-Sac
  • Corner Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,872 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2657000171

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,685

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1973
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1872
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 274

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Tacoma
  • SewerCompany: Pierce County
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: University Place

Lot Info

  • Parcel Number: 2657000171
  • Lot Size Acres: 0.3357
  • Lot Size Sq Ft: 14625
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings
  • MLSLotSizeSource: county records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2140

Multi Family

  • Gross Scheduled Income: 25680
  • Net Operating Income: 20181
  • Number Of Units Total: 2
  • Insurance Expense: 800
  • Leasable Area: 1872
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2013
  • Tax Annual Amount: 3685

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2014
Closed on
Sep 11, 2014
Sold by
Kitahara Gregory
Bought by
Brewer Michael W and Brewer Jan Marie
Seller's Agent
Paul Jakeman
Park 52, Inc.
Buyer's Agent
Tyler Edwards
T Edwards Co
List Price
$289,000
Sold Price
$285,000
Premium/Discount to List
-$4,000
-1.38%
Total Days on Market
5
Current Estimated Value
$700,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$415,138
Avg. Annual Appreciation
8.43%
Original Mortgage
$145,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2006
Sold by
Barrows Jane K and Richmond Timothy R
Bought by
Kitahara Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,600
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 7, 2001
Sold by
Richmond John P
Bought by
Barrows Jane K and Richmond Timothy R

Purchase Details

Closed on
Nov 21, 1997
Sold by
Evens Bruce F
Bought by
Richmond John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.33%

Purchase Details

Closed on
Sep 18, 1995
Sold by
International World Ministries Inc
Bought by
Evens Bruce F

Purchase Details

Closed on
Aug 30, 1995
Sold by
Lade Albert and Lade Aase
Bought by
International World Ministries
Source: Public Records

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Range of Values:

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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
Brewer Michael W $284,719 Stewart Title Company
Kitahara Gregory $369,500 Ticor Title Of Wa Inc
Barrows Jane K -- --
Richmond John P $136,408 --
Evens Bruce F $127,500 --
International World Ministries -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brewer Michael W $205,000
Closed Brewer Michael W $145,000
Previous Owner Kitahara Gregory $292,200
Previous Owner Kitahara Gregory $295,600
Previous Owner Richmond John P $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2014 09/15/14 Sold $285,000 -1.4% $152 / Sq Ft
08/06/2014 08/06/14 Pending -- -- --
07/31/2014 07/31/14 For Sale $289,000 -- $154 / 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 $7,471 $632,100 $302,500 $329,600
2023 $7,471 $625,100 $318,900 $306,200
2022 $6,579 $632,100 $318,900 $313,200
2021 $6,406 $459,200 $215,700 $243,500
2019 $4,927 $422,100 $184,900 $237,200
2018 $5,099 $376,100 $166,900 $209,200
2017 $4,689 $321,300 $142,200 $179,100
2016 $3,971 $252,400 $103,300 $149,100
2014 $3,683 $223,200 $90,900 $132,300
2013 $3,683 $209,800 $82,600 $127,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 675978

Northwest Multiple Listing Service (NWMLS)

APN: 265700-0171