NOT LISTED FOR SALE

8224 8226 42nd Stct W University Place, WA 98466

Estimated Value: $723,000 - $848,000

4 Beds
3 Baths
2,492 Sq Ft
$318/Sq Ft Est. Value

Last Sold February 19, 2013

Last sale price $220,000 $88 Per Sq Ft

Est. 260% increase in value since last sale

Current estimated payment $5,099/month

9 Days on Market

Highlights

  • Deck
  • Cul-De-Sac
  • Wood Siding
  • Evergreen Primary School Rated A
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of February 2013

Great investment opportunity in one of the most desirable neighborhoods in Pierce County! Located in the middle of one the most popular school districts, this duplex is minutes away from schools, shopping, even medical care. Tenants are in lease until next year but easily re-rentable!

Last Agent to Sell the Property

Joe Toner

Toner Real Estate Solutions License #24367 Listed on: 07/13/2012

Last Buyer's Agent

Andrew Taylor

Real Broker LLC License #109631

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 381556

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,258

Year Built

  • Built in 1977

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 110'x121'
  • Cul-De-Sac
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,492 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Sunset Elementary School
  • Narrows View Interme Middle School
  • Curtis Snr High School

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220157013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,258

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1977
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • CalculatedSquareFootage: 2492
  • SOCComments: Subject to lien holder approval
  • Special Features: 12
  • Cumulative Days on Market: 281

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Post & Pillar
  • 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
  • Water Source: Public
  • Security: FullyFenced
  • Utilities: Cable Connected, Septic System, Electric, Wood
  • PowerCompany: TPU
  • SewerCompany: Septic
  • WaterCompany: TPU
  • WaterSewerGarbage: 720

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: University Place
  • High School: Curtis Snr High
  • Middle Or Junior School: Narrows View Interme

Lot Info

  • Parcel Number: 0220157013
  • Lot Size Acres: 0.31
  • Lot Size: 110'x121'
  • Lot Size Sq Ft: 13503
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 2275

Multi Family

  • Gross Scheduled Income: 27300
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 2492
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2012
  • Tax Annual Amount: 2258

MLS Schools

  • Elementary School: Sunset Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2012
Closed on
Feb 1, 2013
Sold by
Jones Cash
Bought by
Seraji Abdelrahim and Khaksar Khairy
Seller's Agent
Joe Toner
Toner Real Estate Solutions
Buyer's Agent
Andrew Taylor
Real Broker LLC
List Price
$249,000
Sold Price
$220,000
Premium/Discount to List
-$29,000
-11.65%
Total Days on Market
9
Current Estimated Value
$792,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$572,086
Avg. Annual Appreciation
10.40%

Purchase Details

Closed on
Feb 1, 2002
Sold by
Hopkins Jason M
Bought by
Jones Cash P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,700
Interest Rate
7.13%

Purchase Details

Closed on
Oct 1, 1998
Sold by
Johanson Inga
Bought by
Hopkins Jason M and Jones Cash P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,202
Interest Rate
6.88%
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
Seraji Abdelrahim $221,250 Cw Title
Jones Cash P $29,800 Chicago Title Insurance Co
Hopkins Jason M $174,950 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Cash P $323,200
Previous Owner Jones Cash P $230,000
Previous Owner Jones Cash P $168,700
Previous Owner Hopkins Jason M $166,202
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2013 02/19/13 Sold $220,000 -11.6% $88 / Sq Ft
07/23/2012 07/23/12 Pending -- -- --
07/13/2012 07/13/12 For Sale $249,000 -- $100 / 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 $7,838 $662,300 $297,500 $364,800
2023 $7,838 $657,100 $311,800 $345,300
2022 $6,892 $665,100 $311,800 $353,300
2021 $6,758 $485,600 $210,900 $274,700
2019 $5,200 $445,600 $180,700 $264,900
2018 $4,927 $398,100 $162,400 $235,700
2017 $4,927 $339,800 $138,300 $201,500
2016 $4,203 $268,500 $100,500 $168,000
2014 $4,100 $237,200 $88,400 $148,800
2013 $4,100 $222,200 $80,400 $141,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 381556

Northwest Multiple Listing Service (NWMLS)

APN: 022015-7013