Listed by KW Greater Seattle, Bought with Realty One Group Pacifica
NOT LISTED FOR SALE

8327 29th St W University Place, WA 98466

Estimated Value: $1,106,000 - $1,134,901

8 Beds
4 Baths
3,796 Sq Ft
$295/Sq Ft Est. Value

Last Sold January 28, 2016

Last sale price $422,500 $111 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $6,778/month

28 Days on Market

Highlights

  • Deck
  • Patio
  • Partially Fenced Property
  • University Place Primary School Rated A
  • High Speed Internet
  • Wood Siding

About This Home

As of January 2016

Extremely well maintained and managed University Place 4 plex! Building had extensive updates in 2010 including new vinyl windows and re-built decks. All new water heaters in 2014 and exterior was freshly painted in 2015. Unit C has new countertops and all units have newer carpet. Great location on a private lane with 7 parking spots including 4 carports and 3 additional uncovered spots. Low vacancy rates and strong rents make this a great investment opportunity!

Last Agent to Sell the Property

Stacey Brower

KW Greater Seattle License #50311 Listed on: 11/09/2015

KW Greater Seattle

Last Buyer's Agent

Teena Williams

Realty One Group Pacifica License #83393

Realty One Group Pacifica

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 861982

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,029

Year Built

  • Built in 1974

Lot Details

  • 9,583 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,796 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 7 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • University Pl Primar Elementary School
  • Curtis Jnr High Middle School
  • Curtis Snr High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 022009-4-114

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,029

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1974
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3796
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Tacoma Public Utilities
  • WaterCompany: Tacoma Public Utilities

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: 022009-4-114
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 3530

Tax Info

  • Year: 2015
  • Tax Annual Amount: 5029

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 234
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: University Pl Primar

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2021
Sold by
Skup Llc
Bought by
Lakhani Faraz and Thapa Shanti
Current Estimated Value
$1,120,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,750
Outstanding Balance
$571,764
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$548,687

Purchase Details

Listed on
Nov 9, 2015
Closed on
Feb 29, 2016
Sold by
Xu Shaofan and Xu Xuemei
Bought by
Skup Llc
Seller's Agent
Stacey Brower
KW Greater Seattle
Buyer's Agent
Teena Williams
Realty One Group Pacifica
List Price
$449,500
Sold Price
$422,500
Premium/Discount to List
-$27,000
-6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.40%
Original Mortgage
$316,875
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 9, 2015
Closed on
Jan 22, 2016
Sold by
Rwkw Llc
Bought by
Xu Shaofan Kevin and Xu Xue Mei
Seller's Agent
Stacey Brower
KW Greater Seattle
Buyer's Agent
Teena Williams
Realty One Group Pacifica
List Price
$449,500
Sold Price
$422,500
Premium/Discount to List
-$27,000
-6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,875
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 7, 2010
Sold by
Woods Ross W and Woods Kelly E
Bought by
Rwkw Llc

Purchase Details

Closed on
Feb 12, 2010
Sold by
Duncan Chad
Bought by
Woods Ross W and Woods Kelly E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
5.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 14, 2008
Sold by
Benton Tobias
Bought by
Duncan Chad

Purchase Details

Closed on
Apr 3, 2001
Sold by
Benton Lewis H
Bought by
The Lewis H Benton Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lakhani Faraz -- Fidelity National Title
Skup Llc -- None Available
Xu Shaofan Kevin $422,219 First American Title Ins Co
Rwkw Llc -- Accommodation
Woods Ross W $430,000 Chicago Title
Duncan Chad $255,000 Stewart Title Seattle
The Lewis H Benton Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lakhani Faraz $636,750
Previous Owner Xu Shaofan Kevin $316,875
Previous Owner Woods Ross W $322,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2016 01/28/16 Sold $422,500 -6.0% $111 / Sq Ft
12/09/2015 12/09/15 Pending -- -- --
11/10/2015 11/10/15 For Sale $449,500 -- $118 / 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 $10,821 $973,000 $299,400 $673,600
2024 $10,821 $943,100 $310,400 $632,700
2023 $10,821 $902,600 $277,800 $624,800
2022 $9,724 $914,000 $277,800 $636,200
2021 $9,012 $638,200 $190,200 $448,000
2019 $6,450 $506,200 $161,500 $344,700
2018 $7,084 $481,700 $133,800 $347,900
2017 $6,024 $439,000 $110,900 $328,100
2016 $5,200 $310,600 $84,300 $226,300
2014 $4,784 $284,300 $78,600 $205,700
2013 $4,784 $267,600 $71,500 $196,100
Source: Public Records

Agents Affiliated with this Home

  • Stacey Brower

    Seller's Agent in 2016

    Stacey Brower

    KW Greater Seattle

    (206) 491-1200

    186 Total Sales

    Stacey Brower
    Section Image

  • T

    Buyer's Agent in 2016

    Teena Williams

    Realty One Group Pacifica

    (253) 905-8156

    13 Total Sales

    Teena Williams
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 861982

Northwest Multiple Listing Service (NWMLS)

APN: 022009-4114

Washington Pierce County University Place 98466

8327 29th St W, University Place, WA

Not Listed for Sale

MultiFamily

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Based on information submitted to the MLS GRID

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