Listed by Windermere Abode, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $550,000 - $644,000

4 Beds
3 Baths
2,052 Sq Ft
$293/Sq Ft Est. Value

Last Sold May 18, 2021

Last sale price $412,250 $201 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,687/month

1 Day on Market

Highlights

  • Territorial View
  • Wood Siding
  • Wall to Wall Carpet
  • Patio

About This Home

As of May 2021

Incredible investment opportunity in Northlakes development. Side by side duplex that lives more like a town house. Situated on an oversized flat lot, tucked back from the road with spacious front and back yard. Each unit has a 1 car garage with extended driveways for extra parking, 2 bedrooms, 1.5 bath, large dining room off kitchen with sliding door to back yard. Desirable tenant features include location close to American Lake, Veterans Golf Course, Veterans hospital, I5, close proximity to JBLM. Incredible opportunity to build equity with some TLC, rent out both units or possible owner occupancy. New roof, gutters and exterior paint in 2020. Don't miss this investment opportunity. Please respect tenant privacy if driving by.

Last Agent to Sell the Property

Shelley Heck

Windermere Abode License #128513 Listed on: 03/22/2021

Windermere Abode

Last Buyer's Agent

Steven Boynton

Skyline Properties, Inc. License #111670

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1745868

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,452

Year Built

  • Built in 1990

Lot Details

  • 0.33 Acre Lot
  • Property is in average condition

Home Design

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

Interior Spaces

  • 2,052 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Community Details

  • American Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 638510-035-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,452

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1990
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2052
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: Pierce County
  • WaterCompany: Lakewood Water
  • WaterSewerGarbage: 3888

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 638510-035-1
  • Lot Size Acres: 0.3314
  • Lot Size Sq Ft: 14437
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 2250

Multi Family

  • Gross Scheduled Income: 27000
  • Net Operating Income: 17744
  • Number Of Units Total: 2
  • Insurance Expense: 916
  • Leasable Area: 2052
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4452

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2021
Closed on
May 3, 2021
Sold by
House Cristina Stacy
Bought by
Schumacher Michael
Seller's Agent
Shelley Heck
Windermere Abode
Buyer's Agent
Steven Boynton
Skyline Properties, Inc.
List Price
$389,000
Sold Price
$412,250
Premium/Discount to List
$23,250
5.98%
Current Estimated Value
$601,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,204
Avg. Annual Appreciation
9.14%
Original Mortgage
$329,800
Outstanding Balance
$252,515
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$348,939

Purchase Details

Listed on
Mar 22, 2021
Closed on
Apr 20, 2021
Sold by
Leu David
Bought by
House Cristina Stacy
Seller's Agent
Shelley Heck
Windermere Abode
Buyer's Agent
Steven Boynton
Skyline Properties, Inc.
List Price
$389,000
Sold Price
$412,250
Premium/Discount to List
$23,250
5.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,800
Outstanding Balance
$252,515
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$348,939

Purchase Details

Closed on
Aug 27, 2018
Sold by
Leu David
Bought by
Djl Real Estate Investments Llc

Purchase Details

Closed on
Apr 28, 2017
Sold by
Harris Robin
Bought by
Leu David

Purchase Details

Closed on
Jan 23, 2007
Sold by
Huntington Scott T and Huntington Rochelle M
Bought by
Symonds James K and Symonds Monzelle T

Purchase Details

Closed on
Oct 21, 2003
Sold by
Zhang Yaun and Johnson William R
Bought by
Leu David J and Harris Robin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,950
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 2003
Sold by
Huntington Scott T and Huntington Rochelle M
Bought by
Lee Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,950
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 7, 2003
Sold by
Lee Cheryl
Bought by
Zhang Yuan and Johnson William R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,800
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2003
Sold by
Lee Cheryl
Bought by
Huntington Scott T and Huntington Rochelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,800
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
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
Schumacher Michael $412,250 Chicago Title Company Of Wa
House Cristina Stacy -- Accommodation
Leu David -- Accommodation/Courtesy Recordi
Djl Real Estate Investments Llc -- None Available
Leu David -- None Available
Symonds James K $235,400 None Available
Leu David J $199,994 Ticor Title Company
Lee Cheryl -- --
Zhang Yuan $130,700 --
Huntington Scott T $156,000 Trans
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schumacher Michael $329,800
Previous Owner Leu David J $149,950
Previous Owner Huntington Scott T $124,800
Closed Huntington Scott T $31,200
Closed Leu David J $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2021 05/18/21 Sold $412,250 +6.0% $201 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $389,000 -- $190 / 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 $5,781 $563,000 $212,400 $350,600
2024 $5,781 $555,200 $217,200 $338,000
2023 $5,781 $533,800 $219,500 $314,300
2022 $4,983 $517,600 $230,200 $287,400
2021 $4,765 $363,700 $141,200 $222,500
2019 $3,538 $327,500 $122,800 $204,700
2018 $3,721 $292,500 $107,000 $185,500
2017 $3,589 $250,200 $86,400 $163,800
2016 $3,147 $207,400 $55,100 $152,300
2014 $2,652 $196,500 $51,800 $144,700
2013 $2,652 $168,900 $42,800 $126,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1745868

Northwest Multiple Listing Service (NWMLS)

APN: 638510-0351