Listed by Keller Williams Rty Tacoma, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

9502 Whitman Ave SW Unit 9504 Lakewood, WA 98499

Lakeview Neighborhood

Estimated Value: $586,000 - $881,000

6 Beds
6 Baths
3,645 Sq Ft
$211/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $1,025,000 $281 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $4,762/month

7 Days on Market

Highlights

  • Territorial View
  • Vinyl Plank Flooring
  • 1-Story Property
  • No HOA
  • Baseboard Heating

About This Home

As of May 2024

Three brick duplexes on one parcel. Lovely setting situated in a strong residential neighborhood. Currently under market rents at $1,150 per unit. Rent increases in progress to $1,250 per unit. Very private with beautiful gardens. Owner financing with 25% down, 30 year amortization, 6% interest, with a 5 year call. This property is in good condition with excellent potential.

Last Agent to Sell the Property

Tom Byrne

Keller Williams Rty Tacoma License #35469 Listed on: 04/15/2024

Keller Williams Rty Tacoma

Last Buyer's Agent

Michael Fladseth

Skyline Properties, Inc. License #125802

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2223595

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,813

Year Built

  • Built in 1957

Lot Details

  • 0.32

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 3,645 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Parking

  • 7 Parking Spaces
  • Open Parking

Additional Features

  • 0.32 Acre Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 514000-092-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,813

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1957
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3645
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Lakewood
  • WaterCompany: Lakewood
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Lakewood
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 514000-092-0
  • Lot Size Acres: 0.3214
  • Lot Size Sq Ft: 14000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Tax Records
  • ZoningJurisdiction: City
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14.43
  • LeasedItems: None
  • TotalMonthlyIncome: 6930

Tax Info

  • Year: 2024
  • Tax Annual Amount: 8813

Multi Family

  • Number Of Units Total: 6
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
May 7, 2024
Sold by
C Clark Montgomery Living Trust and Clark Montgomery C
Bought by
Gravelly Lake Apartments Llc
Seller's Agent
Tom Byrne
Keller Williams Rty Tacoma
Buyer's Agent
Michael Fladseth
Skyline Properties, Inc.
List Price
$1,200,000
Sold Price
$1,025,000
Premium/Discount to List
-$175,000
-14.58%
Views
11
Current Estimated Value
$769,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$255,333
Avg. Annual Appreciation
-17.71%
Original Mortgage
$825,000
Outstanding Balance
$631,541
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$138,126

Purchase Details

Closed on
Dec 11, 2019
Sold by
Montgomery C Clark
Bought by
Montgomery C Clark and C Clark Montgomery Living Trust
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
Gravelly Lake Apartments Llc $1,025,000 Fidelity National Title
Montgomery C Clark -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gravelly Lake Apartments Llc $825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2024 05/08/24 Sold $1,025,000 -14.6% $281 / Sq Ft
04/22/2024 04/22/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $1,200,000 -- $329 / 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 $8,813 $826,800 $244,600 $582,200
2024 $8,813 $814,600 $239,800 $574,800
2023 $8,813 $790,200 $226,700 $563,500
2022 $7,344 $788,200 $243,500 $544,700
2021 $6,976 $513,500 $152,200 $361,300
2019 $5,476 $478,300 $130,900 $347,400
2018 $6,020 $434,100 $113,200 $320,900
2017 $5,896 $395,500 $87,900 $307,600
2016 $4,992 $327,400 $63,500 $263,900
2014 $4,366 $302,700 $55,400 $247,300
2013 $4,366 $282,100 $44,800 $237,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2223595

Northwest Multiple Listing Service (NWMLS)

APN: 514000-0920