This serene, beautifully maintained duplex in the heart of University Place will make investors & owner-occupants alike very excited! Identical 1,685 sq. feet floor plans highlighted by 2 beds / 1 updated bath + laundry room upstairs & hardwood floors, powder room, skylights & open concept living on the main floor. Tucked in its own little oasis you'll find that each unit has a 1 car garage as well as ample additional parking options, manicured lawns & private yards with decks. Don't miss the newer roof, hot water tanks & heat pumps. Updated windows & tons of natural light really make each side feel like home. Come see it today but be prepared to fall in love. Separate electrical meters installed / $2600 per side are projected market rents.
Windermere AbodeLicense #116194Listed on: 04/06/2023
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2049305
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$8,861
Year Built
Built in 1985
Lot Details
0.39 Acre Lot
Property is Fully Fenced
Secluded Lot
Property is in good condition
Home Design
Duplex
Poured Concrete
Composition Roof
Wood Composite
Interior Spaces
3,370 Sq Ft Home
2-Story Property
Flooring
Wood
Wall to Wall Carpet
Ceramic Tile
Parking
8 Parking Spaces
2 Covered Spaces
Open Parking
RV Access or Parking
Outdoor Features
Deck
Schools
University Pl Primar Elementary School
Curtis Jnr High Middle School
Curtis Snr High School
Utilities
Forced Air Heating and Cooling System
High Efficiency Air Conditioning
High Efficiency Heating System
Heat Pump System
Community Details
No Home Owners Association
University Place Subdivision
Listing and Financial Details
Assessor Parcel Number 443000-023-3
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$8,861
Year Built
Built in 1985
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi-Family
StyleCode: 52 - Duplex
Year Built: 1985
Buyer Agency Compensation: 3
MLS Status: Sold
Prev Status: Closed
New Construction: No
CalculatedSquareFootage: 3370
Special Features: VirtualTour
Cumulative Days on Market: 267
Interior Features
Possible Use: Multi-Family
Fireplace: No
Flooring: Ceramic Tile, Hardwood, Carpet
Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
Exterior Features
Roof: Composition
Lot Features: Paved, Secluded
View: No
Waterfront: No
Exterior Features: Wood Products
Foundation Details: Poured Concrete
Property Condition: Good
Structure Type: Duplex
Garage/Parking
Carport Spaces: 2
Carport Y N: No
Covered Parking Spaces: 2
Open Parking Spaces: 4
Open Parking: Yes
Parking Features: RV Parking
Total Parking Spaces: 8
ParkingUncoveredSpaces: 4
Utilities
Sewer: Sewer Connected
Water Source: Public
Security: SecuritySystem, PartiallyFenced
Cooling: 90%+ High Efficiency, Forced Air, Other – See Remarks
Cooling Y N: Yes
Heating: 90%+ High Efficiency, Forced Air, Heat Pump
Heating Yn: Yes
PowerCompany: TPU
SewerCompany: Pierce County Sewer
WaterCompany: TPU
WaterSewerGarbage: 3685
Condo/Co-op/Association
Senior Community: No
Association: No
Schools
Junior High Dist: University Place
High School: Curtis Snr High
Middle Or Junior School: Curtis Jnr High
Lot Info
Parcel Number: 443000-023-3
Lot Size Acres: 0.3882
Lot Size Sq Ft: 16911
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
SiteFeatures: Deck,Fenced-Fully,RV Parking
MLSLotSizeSource: Realist
ZoningJurisdiction: City
ZoningClass: Multi-Family
Green Features
Power Production Type: Electric, Wood
Rental Info
Furnished: Unfurnished
GrossRentMultiplier: 12.41
LeasedItems: None
TotalMonthlyIncome: 5200
Multi Family
Gross Scheduled Income: 62400
Net Operating Income: 41742
Number Of Units Total: 2
Electric Expense: 3000
Insurance Expense: 1450
Leasable Area: 3370
EnergySource: Electric,Wood
UnitsInBuildingTotal: 2
UnitsBelowGrade: false
VacancyRate: 3
Tax Info
Year: 2023
Tax Annual Amount: 8861
MLS Schools
Elementary School: University Pl Primar
Ownership History
DateNameOwned ForOwner Type
May 2023 - PresentSun Letian2 Years
Private Individual
Purchase Details
Listed on
Apr 6, 2023
Closed on
May 10, 2023
Sold by
Goucher Barbara
Bought by
Sun Letian
Seller's Agent
Ryan Knicely
Windermere Abode
Buyer's Agent
Holly Sun
WeLakeside
List Price
$795,000
Sold Price
$805,000
Premium/Discount to List
$10,000
1.26%
Total Days on Market
5
Views
54
Current Estimated Value
$889,980
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,980
Avg. Annual Appreciation
5.09%
Original Mortgage
$563,500
Outstanding Balance
$550,043
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$339,937
Nov 2006 - May 2023Goucher Barbara16 Years and 6 Months
Private Individual
Purchase Details
Closed on
Nov 6, 2006
Sold by
Goucher Barbara and Farrell Barbara
Bought by
Goucher Barbara
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
6.3%
Mortgage Type
New Conventional
Jun 1993 - Nov 2006Farrell Barbara13 Years and 5 Months
Private Individual
Purchase Details
Closed on
Jun 4, 1993
Sold by
Farrell William F
Bought by
Farrell Barbara
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Wonderful opportunity to own this fabulous duplex in a great area. Each unit has 3 bedrooms and a nice deck and back yard. Nice high ceilings and a living room fireplace too! Plenty of parking with a 1 car garage and 2 spaces in the driveway. This is on a dead end street too, so more privacy and less traffic. Each is in really good condition and has a heat pump.
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Great investment opportunity in University Place. This property comprises three units, designed to cater to a range of tenants—from cozy studios to a spacious 4-bedroom home. The interiors have been recently upgraded with LVP flooring, appliances, and in-unit washer/dryers. Below market rents offer room for growth. Whether you’re a seasoned investor or just starting out, this property presents an
Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 8812 8814 35th St W, University Place, WA 98466 since 06 April 2023 and is currently estimated at $889,980, approximately $264 per square foot. This property was built in 1985. 8812 8814 35th St W is a home located in Pierce County with nearby schools including University Place Primary School, Evergreen Primary School, and Narrows View Intermediate School.
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