Listed by Windermere RE/Lake Tapps, Inc, Bought with Marketplace Sotheby's Intl Rty
NOT LISTED FOR SALE

8012 116th St E Puyallup, WA 98373

Estimated Value: $655,000 - $707,000

4 Beds
3 Baths
2,142 Sq Ft
$315/Sq Ft Est. Value

Last Sold August 12, 2024

Last sale price $639,950 $299 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,176/month

27 Days on Market

Highlights

  • No HOA
  • Vinyl Plank Flooring
  • Wood Siding
  • Patio
  • Property is Fully Fenced
  • 1-Story Property

About This Home

As of August 2024

Meticulously maintained Rambler duplex in Puyallup! This well laid out property has 2 bed 1.75 baths, a large family room, kitchen with eating space & tons of counter space. Each unit has a 2 car attached garage, individual laundry rooms, and fenced back yards with a full patio for BBQing & hosting! One unit has been fully updated with vinyl flooring, fresh carpet & fresh paint! The exterior was freshly painted & a new roof done in 2018. Tons of driveway parking. Great opportunity to be owner occupied or to pick your tenants! Great location, easy access to 512, shopping, restaurants, parks & so much more! Perfect for a first time buyer or an experienced investor!

Last Agent to Sell the Property

Josh Kumar

Windermere RE/Lake Tapps, Inc License #130581 Listed on: 05/30/2024

Windermere RE/Lake Tapps, Inc

Last Buyer's Agent

Brandy McFall

Marketplace Sotheby's Intl Rty License #111482

Marketplace Sotheby's Intl Rty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2244395

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,002

Year Built

  • Built in 1990

Lot Details

  • 0.41 Acre Lot
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Cement Board or Planked

Interior Spaces

  • 2,142 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Heating System Mounted To A Wall or Window
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • South Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 602014-008-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,002

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1990
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2142
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 375

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterSewerGarbage: 960

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Puyallup

Lot Info

  • Parcel Number: 602014-008-0
  • Lot Size Acres: 0.4068
  • Lot Size Sq Ft: 17721
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.81
  • LeasedItems: None
  • TotalMonthlyIncome: 3050

Multi Family

  • Gross Scheduled Income: 43200
  • Net Operating Income: 34400
  • Number Of Units Total: 2
  • Insurance Expense: 1000
  • Leasable Area: 2142
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Aug 7, 2024
Sold by
Olson Randall T and Olson Patricia A
Bought by
Downing Jeff V
Seller's Agent
Josh Kumar
Windermere RE/Lake Tapps, Inc
Buyer's Agent
Brandy McFall
Marketplace Sotheby's Intl Rty
List Price
$639,950
Sold Price
$639,950
Views
47
Current Estimated Value
$674,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,717
Avg. Annual Appreciation
5.21%
Original Mortgage
$209,500
Outstanding Balance
$207,502
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$467,165
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
Downing Jeff V $639,950 First American Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Downing Jeff V $209,500
Closed Downing Jeff V $209,500
Previous Owner Olson Randall T $254,245
Previous Owner Olson Randall T $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2024 08/12/24 Sold $639,950 0.0% $299 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
06/18/2024 06/18/24 For Sale $639,950 0.0% $299 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $639,950 0.0% $299 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $639,950 -- $299 / 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 $6,002 $595,600 $217,400 $378,200
2024 $6,002 $573,600 $207,800 $365,800
2023 $6,002 $567,000 $213,300 $353,700
2022 $5,765 $549,200 $206,400 $342,800
2021 $5,154 $394,300 $133,900 $260,400
2019 $4,482 $357,900 $117,200 $240,700
2018 $4,595 $340,800 $113,900 $226,900
2017 $4,048 $312,900 $96,400 $216,500
2016 $3,813 $248,500 $78,400 $170,100
2014 $3,565 $234,600 $71,300 $163,300
2013 $3,565 $214,600 $65,700 $148,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2244395

Northwest Multiple Listing Service (NWMLS)

APN: 602014-0080