Sold

Listed by: John L. Scott, Inc. • Paul Coldiron

Bought with: Berkshire Hathaway HS NW

$1,290,000

7406 31st Street Ct W, University Place, WA 98466

--beds

--baths

4,528sqft

Quadruplex, Multi Family

Built in 1981

-- sqft lot

$-- Zestimate^®

$285/sqft

$2,331 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,331/mo

Zestimate^® history

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$2,331/mo

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$7,986/mo

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$7,986/mo

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What's special

UPDATED PRICING! Great income property that is turn-key & ready for new investor/owner! Impeccably refurbished townhouse style units that include fresh interior & exterior paint, LVP flooring, updated millwork + doors, LED lighting throughout, granite counters in kitchen & baths, new vinyl windows, updated plumbing fixtures, copper piping, stainless steel appliances, & more! Same floorplan for each unit. 100% occupied & rental amounts noted are current. Convenience is key here! Located just a stone's throw away from all amenities, including the ever-popular Whole Foods & the renowned Chambers Bay Golf Course. A rare opportunity to own a low-hassle investment property in one of Pierce Counties most sought-after cities! Offering 6.3% cap rate

Facts & features

Interior

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Vinyl Plank, Carpet
Has fireplace: No

Interior area

Total structure area: 4,528
Total interior livable area: 4,528 sqft

Property

Parking

Total spaces: 8
Parking features: Open
Uncovered spaces: 8

Features

Patio & porch: Wall to Wall Carpet

Lot

Size: 9,147 Square Feet
Features: Curbs, Dead End Street, Paved, Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio

Details

Parcel number: 0220108027
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family

Materials

Wood Siding, Wood Products
Foundation: Poured Concrete, Slab
Roof: Composition

Condition

Year built: 1981
Major remodel year: 1995

Utilities & green energy

Electric: Company: Tacoma Public Utilities
Sewer: Sewer Connected, Company: Pierce County
Water: Public, Company: Tacoma Public Utilities

Community & HOA

Community

Subdivision: University Place

Location

Region: University Place

Financial & listing details

Price per square foot: $285/sqft
Tax assessed value: $1,148,700
Annual tax amount: $11,526
Date on market: 10/16/2023
Cumulative days on market: 1010 days
Listing terms: Conventional

Price history

Date	Event	Price
9/13/2024	Listing removed	$1,950
Source: Zillow Rentals Report a problem
8/9/2024	Listed for rent	$1,950-2.3%
Source: Zillow Rentals Report a problem
11/20/2023	Sold	$1,290,000-5.8%$285/sqft
Source: NWMLS as distributed by MLS GRID #2163099 Report a problem
10/25/2023	Pending sale	$1,370,000$303/sqft
Source: NWMLS as distributed by MLS GRID #2163099 Report a problem
10/12/2023	Price change	$1,370,000-5.5%$303/sqft
Source: NWMLS as distributed by MLS GRID #2163099 Report a problem
9/19/2023	Listed for sale	$1,450,000+208.7%$320/sqft
Source: NWMLS as distributed by MLS GRID #2163099 Report a problem
5/12/2023	Listing removed	--
Source: Zillow Rentals Report a problem
5/1/2023	Price change	$1,995-4.8%
Source: Zillow Rentals Report a problem
3/14/2023	Price change	$2,095-4.6%
Source: Zillow Rentals Report a problem
2/13/2023	Listed for rent	$2,195+4.8%
Source: Zillow Rentals Report a problem
6/17/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
5/19/2022	Price change	$2,095-8.7%
Source: Zillow Rental Manager Report a problem
5/13/2022	Price change	$2,295-2.3%$1/sqft
Source: Zillow Rental Manager Report a problem
4/3/2022	Listed for rent	$2,350+42.4%$1/sqft
Source: Zillow Rental Manager Report a problem
6/10/2019	Listing removed	$1,650
Source: Zillow Rental Manager Report a problem
6/3/2019	Listed for rent	$1,650
Source: Zillow Rental Manager Report a problem
4/29/2016	Sold	$469,719-18.1%$104/sqft
Source: Public Record Report a problem
12/8/2006	Sold	$573,500+91.8%$127/sqft
Source: Public Record Report a problem
1/10/2002	Sold	$298,993$66/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$13,744 +14.6%	$1,148,700 +12.4%
2023	$11,992 +4%	$1,022,400 -1%
2022	$11,526 +7.6%	$1,033,000 +20.9%
2021	$10,707 +70.9%	$854,500 +63.3%
2019	$6,265 -58.7%	$523,300 +8.4%
2018	$15,173 +159.5%	$482,900 +8.6%
2017	$5,848 +15.7%	$444,600 +41.3%
2016	$5,054	$314,600 +9.4%
2014	$5,054 +6.6%	$287,600 +6.3%
2013	$4,739	$270,500 +4.6%
2012	--	$258,600 -18.2%
2011	--	$316,200 -3.3%
2010	--	$327,000

Find assessor info on the county website

Neighborhood: 98466

Nearby homes

Nearby schools

GreatSchools rating

8/10
Drum Intermediate School
Grades: 5-7Distance: 1.3 mi
9/10
Curtis Senior High School
Grades: 10-12Distance: 0.9 mi
6/10
Curtis Junior High School
Grades: 8-9Distance: 1 mi

Schools provided by the listing agent

Middle: Curtis Jnr High
High: Curtis Snr High

Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.