Listed by PropertiesNW of Gig Harbor Ltd, Bought with Windermere Mercer Island
NOT LISTED FOR SALE

8215 -8217 51st Street Ct W University Place, WA 98466

Estimated Value: $645,000 - $746,000

4 Beds
2 Baths
1,960 Sq Ft
$356/Sq Ft Est. Value

Last Sold June 14, 2022

Last sale price $665,000 $339 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,302/month

8 Days on Market

Highlights

  • Deck
  • No HOA
  • Ceramic Tile Flooring
  • Sunset Primary School Rated A
  • Cul-De-Sac
  • Wood Siding

About This Home

As of June 2022

Solid UP duplex, tucked away on a quiet cul-de-sac of well cared for homes. Easy investment property, or live in one side while renting the other. Well maintained units- each with updated vinyl windows, fireplaces, laundry rooms and 1 car attached garages. Individual back decks overlook large level lawns. Unit features include galley style kitchens that open to dining area and living rooms with sliders to the backyard. 2 large bedrooms and 1 full bathroom per unit. Good long term tenants in both sides. Ideally located - EZ access to Chambers Bay Park, Trader Joes, Whole Foods & more. Walkable to highly rated UP Schools. Come see!

Last Agent to Sell the Property

Patrick Mercado

PropertiesNW of Gig Harbor Ltd License #24129 Listed on: 05/06/2022

Last Buyer's Agent

Codi Nelson

Windermere Mercer Island License #23562

Windermere Mercer Island

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1928457

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,598

Year Built

  • Built in 1976

Lot Details

  • 0.38 Acre Lot
  • Cul-De-Sac
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,960 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Chambers Elementary School
  • Drum Intermed Middle School
  • Curtis Snr High School

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • No Home Owners Association
  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220226003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,598

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: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1960
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Vinyl, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: PCS
  • WaterCompany: TPU
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 2400

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 1

Schools

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

Lot Info

  • Parcel Number: 0220226003
  • Lot Size Acres: 0.3797
  • Lot Size Sq Ft: 16539
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.93
  • LeasedItems: None
  • TotalMonthlyIncome: 3400

Multi Family

  • Gross Scheduled Income: 40800
  • Net Operating Income: 28800
  • Number Of Units Total: 2
  • Electric Expense: 1
  • Insurance Expense: 1200
  • Leasable Area: 1960
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6598

MLS Schools

  • Elementary School: Chambers Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2022
Closed on
Jun 13, 2022
Sold by
Karim Aboubakr
Bought by
Johnson Bryce and Clark Susanna
Seller's Agent
Patrick Mercado
PropertiesNW of Gig Harbor Ltd
Buyer's Agent
Codi Nelson
Windermere Mercer Island
List Price
$650,000
Sold Price
$665,000
Premium/Discount to List
$15,000
2.31%
Current Estimated Value
$697,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,972
Avg. Annual Appreciation
2.02%
Original Mortgage
$497,500
Outstanding Balance
$474,042
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$235,993

Purchase Details

Closed on
Jan 3, 2008
Sold by
Aboubakr Joseph Karim
Bought by
Aboubakr Karim and Aboubakr Connie

Purchase Details

Closed on
Mar 9, 2007
Sold by
Jackson Gregory
Bought by
Aboubakr Joseph Karim
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
Johnson Bryce -- Wfg National Title Company Of
Aboubakr Karim -- Puget Sound Title
Aboubakr Joseph Karim $230,000 Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Bryce $497,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2022 06/14/22 Sold $665,000 +2.3% $339 / Sq Ft
05/14/2022 05/14/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $650,000 -- $332 / 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 $7,397 $659,200 $322,800 $336,400
2024 $7,397 $615,000 $310,400 $304,600
2023 $7,397 $618,600 $330,200 $288,400
2022 $6,599 $633,200 $330,200 $303,000
2021 $6,395 $458,400 $223,400 $235,000
2019 $4,896 $418,100 $191,400 $226,700
2018 $4,651 $373,600 $174,200 $199,400
2017 $4,651 $320,700 $148,300 $172,400
2016 $3,952 $249,900 $107,800 $142,100
2014 $3,457 $222,100 $94,800 $127,300
2013 $3,457 $207,500 $86,200 $121,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1928457

Northwest Multiple Listing Service (NWMLS)

APN: 022022-6003