Listed by Coldwell Banker Bain, Bought with Town & Country Brokers Inc
NOT LISTED FOR SALE

8407 Custer Rd SW Unit 8409 Lakewood, WA 98499

Oakbrook Neighborhood

Estimated Value: $413,000 - $475,000

4 Beds
2 Baths
1,320 Sq Ft
$335/Sq Ft Est. Value

Last Sold June 27, 2024

Last sale price $400,000 $303 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,715/month

3 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Partially Fenced Property
  • Corner Lot
  • Forced Air Heating System
  • Wood Siding

About This Home

As of June 2024

Duplex on a corner lot in the Custer neighborhood of Lakewood. Each unit is 660 sq ft, 2 bedrooms, one bath, garage with laundry hook-up, and a fenced yard. This property has a lot of potential but will require some renovation work. Right side unit has some updating, including kitchen cabinets and countertops. Close to Steilacoom Lake, Seeley Lake Park, Fort Steilacoom Park, Lakewood Towne Center, golf courses, restaurants, and schools. Great opportunity!

Last Agent to Sell the Property

Stephanie Callen

Coldwell Banker Bain License #81856 Listed on: 05/28/2024

Coldwell Banker Bain

Last Buyer's Agent

John Brink

Town & Country Brokers Inc License #85237

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2243839

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,272

Year Built

  • Built in 1954

Lot Details

  • 0.46 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,320 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl Plank

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 022034-1-062

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,272

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1954
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1320
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

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

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Pierce County
  • WaterCompany: Lakewood Water
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 4222

Schools

  • Junior High Dist: Clover Park

Lot Info

  • Parcel Number: 022034-1-062
  • Lot Size Acres: 0.4591
  • Lot Size Sq Ft: 20000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.4
  • LeasedItems: None
  • TotalMonthlyIncome: 3200

Multi Family

  • Gross Scheduled Income: 38400
  • Net Operating Income: 26568
  • Number Of Units Total: 2
  • Insurance Expense: 1418
  • Leasable Area: 1320
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4272

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Jun 26, 2024
Sold by
Turner Family Trust and Turner Ellaworth K
Bought by
W And B Investments Llc
Seller's Agent
Stephanie Callen
Coldwell Banker Bain
Buyer's Agent
John Brink
Town & Country Brokers Inc
List Price
$410,000
Sold Price
$400,000
Premium/Discount to List
-$10,000
-2.44%
Views
15
Current Estimated Value
$442,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,667
Avg. Annual Appreciation
7.05%

Purchase Details

Closed on
Mar 29, 2011
Sold by
Boucher Paul A and Boucher Marleen J
Bought by
Turner Guthrie L and Turner Ellaworth K

Purchase Details

Closed on
Mar 18, 1996
Sold by
Boucher Paul A and Boucher Marleen J
Bought by
Turner Guthrie L and Turner Ellaworth K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,960
Interest Rate
9%
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
W And B Investments Llc $400,000 Wfg National Title
Turner Guthrie L -- None Available
Turner Guthrie L $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Turner Guthrie L $73,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2024 06/27/24 Sold $400,000 -2.4% $303 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $410,000 -- $311 / 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 $4,272 $405,500 $240,200 $165,300
2024 $4,272 $421,200 $233,200 $188,000
2023 $4,272 $389,900 $212,700 $177,200
2022 $3,928 $396,600 $221,900 $174,700
2021 $3,773 $285,200 $148,900 $136,300
2019 $2,798 $263,700 $129,200 $134,500
2018 $2,794 $228,400 $110,500 $117,900
2017 $2,518 $186,000 $88,400 $97,600
2016 $2,140 $139,100 $60,700 $78,400
2014 $916 $131,400 $55,100 $76,300
2013 $916 $122,500 $51,600 $70,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2243839

Northwest Multiple Listing Service (NWMLS)

APN: 022034-1062