NOT LISTED FOR SALE

8018 Sunset Terrace W University Place, WA 98466

Estimated Value: $750,000 - $885,000

6 Beds
3 Baths
2,684 Sq Ft
$312/Sq Ft Est. Value

Last Sold July 16, 2014

Last sale price $295,000 $110 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $5,188/month

25 Days on Market

Highlights

  • 0.58 Acre Lot
  • Evergreen Primary School Rated A
  • Wall to Wall Carpet

About This Home

As of July 2014

Great investment property or perfect to live in one side and rent the other. Well maintained and spacious. This duplex is currently rented, but always rents very easily when available. One tenant has been here for several years. The property sits on a dead end and is very private, and has nice yard space. 3 beds/2 baths and very large living room with fireplace. Attached garage, storage space and UP schools make this a very desirable rental.

Last Agent to Sell the Property

Jenny Gullikson

Hawkins Poe License #76396 Listed on: 05/09/2014

Hawkins Poe

Last Buyer's Agent

Jenny Gullikson

Hawkins Poe License #76396 Listed on: 05/09/2014

Hawkins Poe

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 632478

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,580

Year Built

  • Built in 1974

Lot Details

  • 0.58 Acre Lot
  • Street terminates at a dead end
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Stone Siding
  • Wood Composite

Interior Spaces

  • 2,684 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Schools

  • Curtis Jnr High Middle School
  • Curtis Snr High School

Utilities

  • Natural Gas Connected
  • Septic Tank
  • Septic System

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220152195

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,580

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1974
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2684
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

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
  • Utilities: Septic System, Natural Gas Connected
  • WaterSewerGarbage: 75

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: University Place
  • High School: Curtis Snr High
  • Middle Or Junior School: Curtis Jnr High

Lot Info

  • Parcel Number: 0220152195
  • Lot Size Acres: 0.5832
  • Lot Size Sq Ft: 25403
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2350

Multi Family

  • Gross Scheduled Income: 28200
  • Net Operating Income: 19800
  • Number Of Units Total: 2
  • Insurance Expense: 750
  • Leasable Area: 2684
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2013
  • Tax Annual Amount: 4580

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2014
Closed on
Jul 8, 2014
Sold by
Walker & Walker Ii Llc
Bought by
Fenberg Jarrod A and Fenberg Susan E
Seller's Agent
Jenny Gullikson
Hawkins Poe
Buyer's Agent
Jenny Gullikson
Hawkins Poe
List Price
$325,000
Sold Price
$295,000
Premium/Discount to List
-$30,000
-9.23%
Current Estimated Value
$838,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$543,368
Avg. Annual Appreciation
9.45%
Original Mortgage
$206,500
Outstanding Balance
$157,855
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$654,292

Purchase Details

Closed on
Mar 6, 2014
Sold by
Walker Scott A and Walker Lynae M
Bought by
Walker & Walkek Ii Llc

Purchase Details

Closed on
Jan 23, 2013
Sold by
Walker & Walker Ii Llc
Bought by
Walker Scott A and Walker Lynae M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,113
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2003
Sold by
Walker Scott and Walker Lynae
Bought by
Walker & Walker Llc

Purchase Details

Closed on
Oct 23, 2002
Sold by
Walker Scott A
Bought by
Walker Scott A and Walker Lynae M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
6.09%

Purchase Details

Closed on
Mar 15, 1999
Sold by
Erickson Wilhelmine
Bought by
Walker Scott A and Walker Allen F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,400
Interest Rate
6.73%
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
Fenberg Jarrod A $294,719 Fidelity National Title Co
Walker & Walkek Ii Llc -- None Available
Walker Scott A -- Fidelity National Title
Walker & Walker Llc -- --
Walker Scott A -- Commonwealth Title Company
Walker Scott A $230,352 Commonwealth Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fenberg Jarrod A $206,500
Previous Owner Walker Scott A $134,113
Previous Owner Walker Scott A $158,000
Previous Owner Walker Scott A $158,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2014 07/16/14 Sold $295,000 -9.2% $110 / Sq Ft
06/04/2014 06/04/14 Pending -- -- --
05/09/2014 05/09/14 For Sale $325,000 -- $121 / 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 $8,927 $816,700 $366,600 $450,100
2024 $8,927 $768,900 $380,200 $388,700
2023 $8,927 $752,300 $365,800 $386,500
2022 $8,308 $759,700 $365,800 $393,900
2021 $7,731 $558,400 $250,500 $307,900
2019 $5,471 $482,200 $212,600 $269,600
2018 $5,059 $420,000 $186,900 $233,100
2017 $5,059 $392,100 $154,900 $237,200
2016 $4,830 $292,300 $118,000 $174,300
2014 $4,579 $275,000 $110,000 $165,000
2013 $4,579 $263,600 $100,000 $163,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 632478

Northwest Multiple Listing Service (NWMLS)

APN: 022015-2195