NOT LISTED FOR SALE

Estimated Value: $329,000 - $425,000

2 Beds
2 Baths
13,428 Sq Ft
$27/Sq Ft Est. Value

Last Sold May 18, 2015

Last sale price $1,200,000 $89 Per Sq Ft

Current estimated payment $4,810/month

121 Days on Market

Highlights

  • 1.26 Acre Lot
  • Wood Siding
  • Wall to Wall Carpet

About This Home

As of May 2015

Don't miss the opportunity to own this perfectly-situated complex at an extreme value!! Creekwood Villa Condos, is a well-maintained community with units you don't want to miss. Whether you are seeking a home for yourself, investment income (all units are occupied), or both; this is a community you will love being part of! All units contain individual garages, carport space, and access to plenty of guest parking. Convenience to Fort Steilacoom Park and several local stores. Come take a look!

Last Buyer's Agent

Hanna Kuether

Best Choice Realty LLC License #82906

Best Choice Realty LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 728326

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,618

Year Built

  • Built in 1972

Lot Details

  • 1.26 Acre Lot
  • Property is in good condition

HOA Fees

  • $2,667 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 13,428 Sq Ft Home
  • 2-Story Property
  • Wall to Wall Carpet

Parking

  • 31 Parking Spaces
  • 11 Covered Spaces
  • Open Parking

Schools

  • Custer Elementary School
  • Hudtloff Mid Middle School
  • Lakes High School

Community Details

  • Creekwood Villa Condo
  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9001340020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,618

Year Built

Built in 1972

Lot Details

0

HOA Fees

$2,667 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1972
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Creekwood Villa Condo
  • New Construction: No
  • CalculatedSquareFootage: 13428
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Covered Parking Spaces: 11
  • Open Parking Spaces: 16
  • Open Parking: Yes
  • Total Parking Spaces: 31
  • ParkingUncoveredSpaces: 16

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Pierce County Sewer
  • WaterCompany: Lakewood Water District
  • WaterSewerGarbage: 3750

Condo/Co-op/Association

  • Association Fee: 32000
  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Clover Park
  • High School: Lakes High
  • Middle Or Junior School: Hudtloff Mid

Lot Info

  • Parcel Number: 9001340020
  • Lot Size Acres: 1.2626
  • Lot Size Sq Ft: 55000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Tax Assessor
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 7
  • LeasedItems: None
  • TotalMonthlyIncome: 11495

Multi Family

  • Gross Scheduled Income: 168460
  • Net Operating Income: 122392
  • Number Of Units Total: 11
  • Electric Expense: 700
  • Insurance Expense: 5000
  • Leasable Area: 13428
  • UnitsInBuildingTotal: 11
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 22618

MLS Schools

  • Elementary School: Custer Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2015
Closed on
May 14, 2015
Sold by
Artistic Construction Inc
Bought by
So Hwa Sun
Buyer's Agent
Hanna Kuether
Best Choice Realty LLC
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%
Current Estimated Value
$363,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$836,667
Avg. Annual Appreciation
-10.81%

Purchase Details

Listed on
Jul 9, 2014
Closed on
Aug 18, 2014
Sold by
Creekwood Villa Llc
Bought by
Artistic Construction Inc
Seller's Agent
Kris Huber
Windermere RE West Campus Inc
List Price
$1,076,950
Sold Price
$1,000,000
Premium/Discount to List
-$76,950
-7.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.82%
Original Mortgage
$900,000
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 1995
Sold by
Jodlar Real Estate Company
Bought by
Creekwood Villa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Interest Rate
7.62%
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
So Hwa Sun $1,199,719 Fatco
Artistic Construction Inc $999,719 None Available
Creekwood Villa Llc $765,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Artistic Construction Inc $900,000
Previous Owner Creekwood Villa Llc $845,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2015 05/18/15 Sold $1,200,000 -7.7% $89 / Sq Ft
05/07/2015 05/07/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $1,300,000 +30.0% $97 / Sq Ft
08/27/2014 08/27/14 Sold $1,000,000 -7.1% $912 / Sq Ft View Prior Sale
07/29/2014 07/29/14 Pending -- -- --
07/11/2014 07/11/14 For Sale $1,076,950 -- $983 / 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 $2,670 $277,300 $159,900 $117,400
2024 $2,670 $267,700 $155,200 $112,500
2023 $2,670 $245,700 $130,800 $114,900
2022 $2,431 $245,300 $136,400 $108,900
2021 $2,306 $175,600 $91,600 $84,000
2019 $1,658 $152,500 $79,400 $73,100
2018 $1,779 $136,500 $67,100 $69,400
2017 $1,679 $119,300 $53,700 $65,600
2016 $1,820 $116,300 $44,200 $72,100
2014 $1,579 $114,100 $40,100 $74,000
2013 $1,579 $104,700 $34,200 $70,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 728326

Northwest Multiple Listing Service (NWMLS)

APN: 900134-0010