Listed by BCI Properties, LLC, Bought with Pellego, Inc.
NOT LISTED FOR SALE

8714 Veterans Dr SW Unit 8716 Lakewood, WA 98498

Central Lakes Neighborhood

Estimated Value: $559,000 - $664,000

4 Beds
2 Baths
2,208 Sq Ft
$278/Sq Ft Est. Value

Last Sold February 18, 2020

Last sale price $376,000 $170 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,756/month

2 Days on Market

Highlights

  • Patio
  • High Speed Internet
  • 1-Story Property
  • Open Space
  • Wall to Wall Carpet

About This Home

As of February 2020

Great opportunity with return value! This 2 bedroom duplex Duplex have solid tenants at above market rents. One is on a month to month if occupancy is required and could be given notice to move. Additional bonus room that could be permitted as a third room or keep as is. One story. Newer flooring throughout. Spacious kitchens with eating space. Updated features throughout. Plenty of parking in front of the property. Large yard area in the back. Close to freeways, JBLM, shopping and schools.

Last Agent to Sell the Property

Naomi Burke

BCI Properties, LLC License #20107185 Listed on: 01/27/2020

Last Buyer's Agent

John Adams

Pellego, Inc. License #111527

Pellego, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1558496

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,534

Year Built

  • Built in 1980

Lot Details

  • 0.36 Acre Lot
  • Open Space

Parking

  • Open Parking

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,208 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Patio

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2205000051

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,534

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2208
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Open Space, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Stucco
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Available, Sewer Connected
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • WaterSewerGarbage: 678

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Fee Information

  • Annual Fuel Expense: 105

Schools

  • Junior High Dist: Lakewood

Lot Info

  • Parcel Number: 2205000051
  • Lot Size Acres: 0.36
  • Lot Size Sq Ft: 15682
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Patio
  • MLSLotSizeSource: Pierce County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 3000

Multi Family

  • Gross Scheduled Income: 29596
  • Net Operating Income: 25436
  • Number Of Units Total: 2
  • Electric Expense: 105
  • Leasable Area: 2208
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 3534

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2020
Sold by
Adams Ralph E and Adams Sisee C
Bought by
8714 Veterans Llc
Current Estimated Value
$614,494

Purchase Details

Listed on
Jan 27, 2020
Closed on
Feb 7, 2020
Sold by
Him Ton and Him Phuong Ving
Bought by
Adams Ralph E and Adams Sisee C
Seller's Agent
Naomi Burke
BCI Properties, LLC
Buyer's Agent
John Adams
Pellego, Inc.
List Price
$365,000
Sold Price
$376,000
Premium/Discount to List
$11,000
3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.10%
Original Mortgage
$206,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2008
Sold by
Ewers Lawrence B and Ewers May E
Bought by
Him Ton and Phoung Ving

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,425
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
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
8714 Veterans Llc -- None Available
Adams Ralph E $376,000 Cw Title
Him Ton $269,900 Ticor
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adams Ralph E $206,000
Previous Owner Him Ton $210,000
Previous Owner Him Ton $202,425
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2020 02/18/20 Sold $376,000 +3.0% $170 / Sq Ft
01/29/2020 01/29/20 Pending -- -- --
01/27/2020 01/27/20 For Sale $365,000 -- $165 / 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 $5,787 $544,500 $205,100 $339,400
2024 $5,787 $537,000 $209,800 $327,200
2023 $5,787 $534,400 $213,300 $321,100
2022 $4,992 $517,800 $223,700 $294,100
2021 $4,719 $360,100 $137,200 $222,900
2019 $3,534 $324,300 $119,300 $205,000
2018 $3,708 $292,200 $104,400 $187,800
2017 $3,578 $249,300 $84,300 $165,000
2016 $3,144 $208,800 $53,800 $155,000
2014 $2,511 $196,300 $50,600 $145,700
2013 $2,511 $159,700 $41,800 $117,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1558496

Northwest Multiple Listing Service (NWMLS)

APN: 220500-0051