NOT LISTED FOR SALE

8511 Locust Ave E Bonney Lake, WA 98391

Estimated Value: $935,000

8 Beds
4 Baths
8,322 Sq Ft
$112/Sq Ft Est. Value

Last Sold April 20, 2020

Last sale price $1,637,000 $197 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $5,525/month

Highlights

  • 0.55 Acre Lot
  • Bonney Lake Elementary School Rated A-
  • Property is in very good condition

About This Home

As of April 2020

Off market sale. 10 Units: (8 - 2 bedroom 1 bathroom, 2 - 1 bedroom 1 bathroom). Very good condition.

Last Agent to Sell the Property

Ben Eklund

Skyline Properties, Inc. License #78310 Listed on: 04/20/2020

Skyline Properties, Inc.

Last Buyer's Agent

Ben Eklund

Skyline Properties, Inc. License #78310 Listed on: 04/20/2020

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1594998

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,465

Year Built

  • Built in 1999

Lot Details

  • 0.55 Acre Lot
  • Property is in very good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 8,322 Sq Ft Home
  • 2-Story Property

Parking

  • 24 Parking Spaces
  • Open Parking

Utilities

  • Natural Gas Connected

Community Details

  • Locust Ridge Apartments Condos
  • Bonney Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5340000091

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,465

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1999
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Locust Ridge Apartments
  • New Construction: No
  • CalculatedSquareFootage: 8322
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 24
  • Open Parking: Yes
  • Total Parking Spaces: 24
  • ParkingUncoveredSpaces: 24

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Natural Gas Connected

Lot Info

  • Parcel Number: 5340000091
  • Lot Size Acres: 0.548
  • Lot Size Sq Ft: 23870
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Natural Gas

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Number Of Units Total: 10
  • Leasable Area: 8322
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2022
Sold by
Northwest Place Llc
Bought by
Nucorp Res-Nwp Llc
Current Estimated Value
$935,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,681,000
Outstanding Balance
$1,475,365
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
-$540,365

Purchase Details

Listed on
Apr 20, 2020
Closed on
Apr 15, 2020
Sold by
Locust Ridge Apartments Llc
Bought by
Northwest Place Llc
Seller's Agent
Ben Eklund
Skyline Properties, Inc.
Buyer's Agent
Ben Eklund
Skyline Properties, Inc.
List Price
$1,637,000
Sold Price
$1,637,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.65%

Purchase Details

Closed on
Jul 2, 2009
Sold by
Mccammant Bryan K and Mccamman Bryan K
Bought by
Locust Ridge Apartments Llc

Purchase Details

Closed on
Aug 11, 2003
Sold by
Mccammant Glynnis
Bought by
Mccammant Bryan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
5.46%
Mortgage Type
Commercial
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
Nucorp Res-Nwp Llc $2,164,846 Chicago Title
Northwest Place Llc $1,275,000 Chicago Title
Locust Ridge Apartments Llc -- None Available
Mccammant Bryan K -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nucorp Res-Nwp Llc $1,681,000
Previous Owner Mccammant Bryan K $173,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2020 04/20/20 Sold $1,637,000 0.0% $197 / Sq Ft
04/20/2020 04/20/20 For Sale $1,637,000 -- $197 / 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 $7,465 $819,600 $199,000 $620,600
2024 $7,465 $766,600 $155,700 $610,900
2023 $7,465 $734,600 $151,900 $582,700
2022 $7,866 $737,200 $166,900 $570,300
2021 $8,094 $622,000 $117,100 $504,900
2019 $5,633 $526,200 $100,900 $425,300
2018 $5,557 $457,200 $80,700 $376,500
2017 $4,605 $396,700 $67,200 $329,500
2016 $3,989 $338,300 $48,900 $289,400
2014 $3,658 $282,100 $41,900 $240,200
2013 $3,658 $251,300 $39,800 $211,500
Source: Public Records

Agents Affiliated with this Home

  • Ben Eklund

    Seller's Agent in 2020

    Ben Eklund

    Skyline Properties, Inc

    (206) 947-7030

    3 in this area

    64 Total Sales

    Ben Eklund
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1594998

Northwest Multiple Listing Service (NWMLS)

APN: 534000-0091

Washington Pierce County Bonney Lake 98391

8511 Locust Ave E, Bonney Lake, WA

This home is located at 8511 Locust Ave E, Bonney Lake, WA 98391 since 20 April 2020 and is currently estimated at $935,000, approximately $112 per square foot. This property was built in 1999. 8511 Locust Ave E is a home located in Pierce County with nearby schools including Bonney Lake Elementary School, Lakeridge Middle School, and Bonney Lake High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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