Listed by WeLakeside, Bought with Coldwell Banker Bain
NOT LISTED FOR SALE
6.38 Acres
-- Price per Acre
277,913 Sq Ft Lot

Last Sold April 19, 2021

Last sale price $3,700,000 $3,737 Per Sq Ft

3 Days on Market

About This Lot

As of April 2021

Canyon Creek Apartment opportunity w/SEPA approval & Commercial Site Development county approval for a 136 Unit Apartment Project. Amazing location assemblage of 6.5 acres off Canyon Park, behind Albertsons. All approved Site Engineering, Architectural plans, and Land included in the List price. Summer 2021 build. 81 Units 1 Bed/1Bath and 55 Units 2 bed/2 Bath. Site approved for 5 buildings in the Woody Walkup style with 130 individual garages, 295 additional parking spaces. Market value of the built out project with certificate of occupancy is estimated at $36+ million+. Great return with a 5 cap, plus initial buildout profit. Adjacent to newer construction 5100 Summit apartments with stable rents! Must see opportunity, wont last long.

Last Agent to Sell the Property

Chip McBroom

WeLakeside License #84466 Listed on: 03/01/2021

WeLakeside

Last Buyer's Agent

Sherri Goodwin

Coldwell Banker Bain License #44234

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: NWM1735919

Northwest Multiple Listing Service (NWMLS)

Property Details

Property Type

  • Land

Lot Details

  • Level Lot

Community Details

  • Puyallup Community

Listing and Financial Details

  • Assessor Parcel Number 0319014144

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots And Land
  • Property Features: Lightly Treed
  • Style: 42 - Multi-Family
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Information: Paved
  • Road On Which Sideof Property: Front
  • Water Jurisdiction: Summit

Utilities

  • Electricity: In Street
  • Gas Available: In Street
  • Sewer: Available
  • Water: In Street

Condo/Co-op/Association

  • Community Name: Puyallup

Schools

  • School District: PUY

Lot Info

  • General Zoning Classification: Multi-Family
  • Improvements: Fenced-Partially
  • Lot Details: Paved Street
  • Lot Sq Ft: 278000
  • Parcel Number: 0319014144
  • Slopeof Property: Gentle To 50th Street
  • Topography: Level
  • Zoning Jurisdiction: County

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2021 04/19/21 Sold $3,700,000 -9.5% $3,737 / Sq Ft
03/04/2021 03/04/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $4,088,888 -- $4,130 / 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 $4,769 $620,900 $620,900 --
2024 $4,769 $439,500 $439,500 --
2023 $4,769 $441,100 $441,100 $0
2022 $4,145 $441,100 $441,100 $0
2021 $696 $282,600 $155,800 $126,800
2019 $3,014 $257,000 $137,500 $119,500
2018 $3,421 $235,500 $120,100 $115,400
2017 $1,184 $203,200 $95,300 $107,900
2016 $765 $162,200 $77,200 $85,000
2014 $2,529 $146,200 $66,700 $79,500
2013 $2,529 $131,200 $61,900 $69,300
Source: Public Records

Agents Affiliated with this Home

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: NWM1735919

Northwest Multiple Listing Service (NWMLS)

APN: 031901-414-4