Listed by Sievers Real Estate, Bought with Best Choice Network LLC
NOT LISTED FOR SALE

8414 56th St W University Place, WA 98467

Estimated Value: $600,000 - $622,000

4 Beds
2.5 Baths
1,817 Sq Ft
$338/Sq Ft Est. Value

Last Sold July 10, 2024

Last sale price $610,000 $336 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,728/month

11 Days on Market

Highlights

  • Fruit Trees
  • Deck
  • Territorial View
  • Sunset Primary School Rated A
  • Secluded Lot
  • Traditional Architecture

About This Home

As of July 2024

Welcome to Academy Terrace in the heart of University Place! Nestled safely in a private cul-de-sac with serene territorial views and steps away from the secured community park, this beautiful split foyer home boasts 4 bd and 2.5 ba. Upper level features a spacious living room with cozy fireplace and large kitchen with granite countertops opening to the dining room, offering a perfect space for gatherings. Lower level provides an additional living room and 4th bd with 1/2 ba. Enjoy the tranquility of the outdoors on the expansive covered deck overlooking the beautiful fully fenced yard, fruit trees and garden space. Oversized 2 car garage. Heat pump provides comfort all year long. Located near schools, Chambers Bay, UP Town Center & JBLM.

Last Agent to Sell the Property

Jin Yi

Sievers Real Estate License #21009469 Listed on: 06/03/2024

Last Buyer's Agent

Jeong Kim

Best Choice Network LLC License #91395

Best Choice Network LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2246221

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,752

Year Built

  • Built in 1973

Lot Details

  • 7,370 Sq Ft Lot
  • Cul-De-Sac
  • Property is Fully Fenced
  • Secluded Lot
  • Sloped Lot
  • Fruit Trees
  • Garden

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Split Foyer
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,817 Sq Ft Home
  • Multi-Level Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Dining Room
  • Territorial Views
  • Natural lighting in basement
  • Storm Windows

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

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

Bedrooms and Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Sunset Elementary School
  • Curtis Jnr High Middle School
  • Curtis Snr High School

Utilities

  • Heat Pump System
  • Water Heater
  • High Speed Internet
  • High Tech Cabling
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Academy Terrace HOA Athoa.Info@Gmail.Com Association
  • University Place Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,752

Year Built

Built in 1973

Lot Details

0

HOA Fees

$8 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 14 - Split Entry
  • Year Built: 1973
  • Buyer Agency Compensation: 2.5
  • Inclusions: Dishwashers,Dryers,GarbageDisposal,Microwaves,Refrigerators,StovesRanges,Washers
  • MLS Status: Sold
  • Prev Status: Closed
  • Architectural Style: Traditional
  • Building Name: Academy Terrace South
  • Unit Levels: Multi/Split
  • New Construction: No
  • CalculatedSquareFootage: 1817
  • EffectiveYearBuiltSource: Public Records
  • SeniorExemption: false
  • NWM_DPRUrl: https://www.workforce-resource.com/dpr/listing/NWMLS/2246221?w=Consumer&agent=133685
  • Special Features: VirtualTour

Interior Features

  • Fireplaces: 2
  • Basement: Daylight
  • Appliances: Dishwasher(s), Dryer(s), Disposal, Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Vinyl, Vinyl Plank, Carpet
  • Interior Amenities: Ceramic Tile, Wall to Wall Carpet, Bath Off Primary, Double Pane/Storm Window, Dining Room, High Tech Cabling, Fireplace, Water Heater
  • Living Area: 1817
  • Bathrooms: 2.25
  • BathsFullMain: 0
  • SquareFootageFinished: 1817
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 1
  • BathsHalfGarage: 0
  • BathsHalfLower: 1
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 1
  • BedroomsLower: 1
  • BedroomsUpper: 3
  • AppliancesIncluded: Dishwasher(s),Dryer(s),Garbage Disposal,Microwave(s),Refrigerator(s),Stove(s)/Range(s),Washer(s)
  • FireplacesLower: 1
  • FireplacesUpper: 1
  • NWM_NumberOfBathtubs: 1
  • NWM_NumberOfShowers: 1

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Cul-De-Sac, Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: Pierce County Sewer
  • WaterCompany: TPU
  • WaterHeaterLocation: Garage
  • WaterHeaterType: Electric
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Community Features: Park
  • Senior Community: No
  • Association Fee: 97
  • Association Fee Frequency: Annually
  • Association: Yes
  • AssociationContactName: Academy Terrace HOA- athoa.info@gmail.com

Schools

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

Lot Info

  • Parcel Number: 210340-005-0
  • Topography: PartialSlope
  • Land Lease: No
  • Lot Size Acres: 0.1692
  • Lot Size Sq Ft: 7370
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,High Speed Internet
  • MLSLotSizeSource: County Records
  • MLSSquareFootageSource: County Records

Green Features

  • Power Production Type: Electric

Rental Info

  • ShortTermRentalYN: false

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5752

Multi Family

  • EnergySource: Electric

MLS Schools

  • Elementary School: Sunset Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Jul 5, 2024
Sold by
Williams Jonathan T and Williams Angela
Bought by
Ko Chulhyuk and Park Miri
Seller's Agent
Jin Yi
Sievers Real Estate
Buyer's Agent
Jeong Kim
Best Choice Network LLC
List Price
$605,000
Sold Price
$610,000
Premium/Discount to List
$5,000
0.83%
Views
25
Current Estimated Value
$613,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,591
Avg. Annual Appreciation
0.88%
Original Mortgage
$579,500
Outstanding Balance
$573,647
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$42,831

Purchase Details

Listed on
Oct 15, 2013
Closed on
Jan 8, 2014
Sold by
Barnes Chong Sun
Bought by
Williams Jonathan T and Williams Angela
Seller's Agent
Edward Punchak
Better Prop.Tri-Counties, LLC
Buyer's Agent
Sloan Hunter
Hunter Real Estate Consulting
List Price
$220,000
Sold Price
$195,000
Premium/Discount to List
-$25,000
-11.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.47%
Original Mortgage
$156,000
Interest Rate
4.26%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Ko Chulhyuk $610,000 Wfg National Title
Williams Jonathan T $195,000 Rainier Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ko Chulhyuk $579,500
Previous Owner Williams Jonathan T $79,550
Previous Owner Williams Jonathan T $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2024 07/10/24 Sold $610,000 +0.8% $336 / Sq Ft
06/14/2024 06/14/24 Pending -- -- --
06/03/2024 06/03/24 For Sale $605,000 +210.3% $333 / Sq Ft
01/13/2014 01/13/14 Sold $195,000 -9.3% $107 / Sq Ft
12/06/2013 12/06/13 Pending -- -- --
11/19/2013 11/19/13 Price Changed $215,000 -2.3% $118 / Sq Ft
10/15/2013 10/15/13 For Sale $220,000 -- $121 / 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 $5,752 $568,800 $268,600 $300,200
2024 $5,752 $553,900 $264,200 $289,700
2023 $5,752 $480,900 $249,000 $231,900
2022 $5,683 $533,800 $263,700 $270,100
2021 $5,380 $386,800 $174,500 $212,300
2019 $4,390 $361,900 $149,200 $212,700
2018 $4,540 $337,400 $134,300 $203,100
2017 $4,179 $288,000 $104,800 $183,200
2016 $3,467 $225,300 $71,800 $153,500
2014 $667 $196,400 $61,000 $135,400
2013 $667 $201,300 $71,800 $129,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2246221

Northwest Multiple Listing Service (NWMLS)

APN: 210340-0050