Listed by Keller Williams Realty PS, Bought with Keller Williams Rty Tacoma
NOT LISTED FOR SALE

8614 John Dower Rd SW Unit A-B Lakewood, WA 98499

Oakbrook Neighborhood

Estimated Value: $724,429 - $961,000

4 Beds
3 Baths
3,272 Sq Ft
$253/Sq Ft Est. Value

Last Sold May 20, 2022

Last sale price $735,000 $225 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,882/month

7 Days on Market

Highlights

  • Deck
  • No HOA
  • Property is Fully Fenced
  • Territorial View
  • High Speed Internet
  • Wood Siding

About This Home

As of May 2022

Incredible duplex investment opportunity! The main floor of each spacious 1,636 SqFt unit has an updated kitchen w/ walk-in pantry, a stylish living room, a large dining room, a half bath & a big laundry room that exits to a 1-car garage, plus all appliances stay. The upper floor of each unit hosts a full bath, 2 bedrooms w/ walk-ins, plus 2 more rooms w/ closets. (Could be 3rd & 4th bedrooms or 2 offices… you decide!) Each unit also has a private fully-fenced back yard w/ individual decks & storage outbuildings. Unit B is available for showings by appointment prior to submitting an offer. Upon closing you can choose to fill seller-occupied unit w/ your own tenant or move in yourself while rent from the other unit helps pay your mortgage!

Last Agent to Sell the Property

Chad Goelzer

Keller Williams Realty PS License #26954 Listed on: 04/13/2022

Keller Williams Realty PS

Last Buyer's Agent

Michael Putnam

Keller Williams Rty Tacoma License #139697

Keller Williams Rty Tacoma

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1901978

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,866

Year Built

  • Built in 1986

Lot Details

  • 10,846 Sq Ft Lot
  • Property is Fully Fenced

Home Design

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

Interior Spaces

  • 3,272 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • High Speed Internet

Community Details

  • No Home Owners Association
  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220356004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,866

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1986
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3272
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community, Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: Pierce County Sewer
  • WaterCompany: Lakewood Water
  • CableConnected: Xfinity / Century Link
  • InternetConnected: Xfinity / Century Link
  • WaterSewerGarbage: 2400

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Clover Park
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0220356004
  • Lot Size Acres: 0.249
  • Lot Size Sq Ft: 10846
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully,High Speed Internet,Outbuildings
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 1700

Multi Family

  • Gross Scheduled Income: 20400
  • Net Operating Income: 9758
  • Number Of Units Total: 2
  • Electric Expense: 900
  • Insurance Expense: 1476
  • Leasable Area: 3272
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5866

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2022
Closed on
May 18, 2022
Sold by
Neal and Emily
Bought by
Overfield Jill and Overfield Brett
Seller's Agent
Chad Goelzer
Keller Williams Realty PS
Buyer's Agent
Michael Putnam
Keller Williams Rty Tacoma
List Price
$745,000
Sold Price
$735,000
Premium/Discount to List
-$10,000
-1.34%
Current Estimated Value
$826,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,607
Avg. Annual Appreciation
3.47%
Original Mortgage
$551,250
Outstanding Balance
$521,105
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$305,502

Purchase Details

Closed on
Apr 24, 2019
Sold by
City View Commercial Llc
Bought by
Neal Kevin and Neal Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 12, 2016
Sold by
Timm Jerry L
Bought by
City View Commercial Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 2004
Sold by
Timm Joane M
Bought by
Timm Lavern F
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Overfield Jill -- Wfg National Title Company Of
Neal Kevin $345,000 Puget Sound Title Tacoma
City View Commercial Llc $314,719 Puget Sound Title Tacoma
Timm Lavern F -- --
Timm Lavern F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Overfield Jill $551,250
Previous Owner Neal Kevin $293,250
Previous Owner City View Commercial Llc $236,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2022 05/20/22 Sold $735,000 -1.3% $225 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $745,000 -- $228 / 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 $6,558 $674,000 $224,800 $449,200
2024 $6,558 $663,000 $218,200 $444,800
2023 $6,558 $607,900 $188,200 $419,700
2022 $5,866 $610,000 $196,300 $413,700
2021 $5,875 $451,600 $131,800 $319,800
2019 $4,551 $424,900 $114,300 $310,600
2018 $4,159 $380,300 $94,200 $286,100
2017 $4,159 $311,500 $75,400 $236,100
2016 $3,723 $241,300 $51,800 $189,500
2014 $3,215 $233,700 $47,000 $186,700
2013 $3,215 $220,200 $44,300 $175,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1901978

Northwest Multiple Listing Service (NWMLS)

APN: 022035-6004