Listed by RE/MAX Northwest, Bought with Specialty Real Estate Group
NOT LISTED FOR SALE

Estimated Value: $405,000 - $480,000

4 Beds
1 Bath
1,092 Sq Ft
$393/Sq Ft Est. Value

Last Sold September 27, 2018

Last sale price $215,000 $197 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $2,619/month

51 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of September 2018

Fantastic Fixer Opportunity! Two Bedrooms, one full bath, one car garage for each side! Seller provided home inspection. New Roof just installed. Both sides always easy to rent, and fully occupied now! One side month to month, one side leased. Acquire for the future investment, or fix up and occupy one side and rent out the other! Welcome Home!

Last Agent to Sell the Property

Eric Herbel

RE/MAX Northwest License #32014 Listed on: 06/21/2018

RE/MAX Northwest

Last Buyer's Agent

Grace Chan

Specialty Real Estate Group License #119119

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1316488

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,371

Year Built

  • Built in 1942

Lot Details

  • 7,500 Sq Ft Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,092 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Community Details

  • Lakewood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5005005420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,371

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1942
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1092
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • 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: Puget Sound Energy
  • SewerCompany: Pierce County
  • WaterCompany: Lakewood Water
  • WaterSewerGarbage: 780

Schools

  • Junior High Dist: Clover Park

Lot Info

  • Parcel Number: 5005005420
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: pierce county
  • ZoningClass: Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 1700

Multi Family

  • Gross Scheduled Income: 20400
  • Net Operating Income: 15329
  • Number Of Units Total: 2
  • Electric Expense: 300
  • Insurance Expense: 600
  • Leasable Area: 1092
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2018
  • Tax Annual Amount: 2371

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2019
Sold by
Johnson Jennifer and Johnson Brad
Bought by
Johnson Brad
Current Estimated Value
$429,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,300
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2019
Sold by
Jackson Erika and Jackson Jeremy
Bought by
Jackson Jeremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,300
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 21, 2018
Closed on
Sep 7, 2018
Sold by
Hoffman Vaughn W and Hoffman Constance S
Bought by
Jackson Jeremy and Johnson Brad
Seller's Agent
Eric Herbel
RE/MAX Northwest
Buyer's Agent
Grace Chan
Specialty Real Estate Group
List Price
$239,000
Sold Price
$215,000
Premium/Discount to List
-$24,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.89%

Purchase Details

Closed on
May 20, 1996
Sold by
Cofoni Michael L
Bought by
Hoffman Vaughn W and Hoffman Constance S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,250
Interest Rate
8.07%
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
Johnson Brad -- Nextitle
Jackson Jeremy -- None Available
Jackson Jeremy $214,719 Wfg National Title
Hoffman Vaughn W $54,067 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Jeremy $262,500
Closed Johnson Brad $153,300
Previous Owner Hoffman Vaughn W $43,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2018 09/27/18 Sold $215,000 -2.3% $197 / Sq Ft
08/11/2018 08/11/18 Pending -- -- --
08/07/2018 08/07/18 Price Changed $220,000 -3.9% $201 / Sq Ft
07/13/2018 07/13/18 Price Changed $229,000 -4.2% $210 / Sq Ft
06/21/2018 06/21/18 For Sale $239,000 -- $219 / 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 $3,956 $374,000 $185,200 $188,800
2024 $3,956 $380,200 $189,400 $190,800
2023 $3,956 $359,800 $182,300 $177,500
2022 $3,447 $353,600 $191,200 $162,400
2021 $3,269 $245,300 $117,300 $128,000
2019 $2,298 $219,800 $102,000 $117,800
2018 $2,262 $185,100 $85,400 $99,700
2017 $2,262 $156,600 $69,000 $87,600
2016 $1,947 $125,500 $44,000 $81,500
2014 $1,661 $118,900 $41,400 $77,500
2013 $1,661 $101,600 $34,100 $67,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1316488

Northwest Multiple Listing Service (NWMLS)

APN: 500500-5420