103 Lake Louise Drive Southwest
103 Lake Louise Drive Southwest
Lakewood, WA 98498
$765,000
Last Sold Price
8
Beds
4
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Sold 3/15/21
Sold 3/15/21
Listing provided courtesy of Kidder Mathews, Terry Wise & Associates
Description
The Lake Louise offering consists of a pair of duplexes holding four 2-bedroom 1-bath units located just off Lake Louise Drive. Ripe for renovation, Lake Louise provides investors a excellent value-add opportunity with original interiors and rents $400 below market. Potential unit upgrades could include plank flooring, updated cabinets, stone countertops and stainless-steel appliances. Interior viewing made available upon mutual acceptance of PSAThe Lake Louise offering consists of a pair of duplexes holding four 2-bedroom 1-bath units located just off Lake Louise Drive. Ripe for renovation, Lake Louise provides investors a excellent value-add opportunity with original interiors and rents $400 below market. Potential unit upgrades could include plank flooring, updated cabinets, stone countertops and stainless-steel appliances. Interior viewing made available upon mutual acceptance of PSA
- Listed by David A. Kelley • Kidder Mathews
Property Details for 103 Lake Louise Drive Southwest
Community Name
Lakewood
School DistrictLakewood
Number of Assigned Spaces4
Total Covered Parking0
Entry Date12-07-2020
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Kidder Mathews![]()
Sold By Terry Wise & Associates
Add your commute
LISTING UPDATED: 03/27/2021 10:45 AM
Property Details for 103 Lake Louise Drive Southwest
| Status | Sold |
|---|---|
| MLS # | 1696013 |
| Days on Market | 86 |
| Cumulative Days on Market | 1188 |
| Taxes | $4,190 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1959 |
| Lot Size | 0.37 AC / 16,250 SF |
| County | Pierce County |
Location
Listing Courtesy of Kidder Mathews![]()
Sold By Terry Wise & Associates
Add your commute
Building Information for 103 Lake Louise Drive Southwest
Stories1Residences4Year Built1959Building Size-Lot Size0.37 AC / 16,250 SF
Payment Calculator
$4,524 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,175
Property Taxes
$349
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 103 Lake Louise Drive Southwest
Summary
Location and General Information
- Style: 52 - Duplex
- Area: 37 - Lakewood
- Directions: Continue to I-705 S // Take I-5 S to Gravelly Lake Dr SW/Nyanza Rd SW in Lakewood. Take exit 124 from I-5 S // Continue on Gravelly Lake Dr SW. Take Washington Blvd SW and Butte Dr SW to Lake Louise
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2020
- Additional Tax Ids: 4615000940,4615000950
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 4.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Laminate
- Fireplace: No
- Heating: Yes
Exterior Features
- Exterior: Cement Planked
- Roof: Composition
Property
Utilities
- Electric On Property: No
- Heating and Cooling: Baseboard
- Water/Sewer/Garbage: 4000
- Power Production Type: Electric
- Utilities: Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Foundation: Slab
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: No
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 3
Lot Information
- Lot Size Dimensions: 16250
- Lot Size Source: Public Record
- Parcel Number Free Text: 4615000932
- Calculated Square Footage: 0
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 0.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 1
- Vacancy Rate: 5
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 12700
- Gross Adjusted Income: 50163
- Gross Rent Multiplier: 14
- Gross Scheduled Income: $53,024
- Insurance Expense: $800
- Net Operating Income: $37,463
- Other Expenses: $2,000
- Total Monthly Income: 4418
- Fuel Expense: $0
Unit 1
- Name Unit 1: 103
- Square Feet Unit 1: 678
- Rent Unit 1: $1,250.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 105
- Square Feet Unit 2: 678
- Rent Unit 2: $1,250.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 107
- Square Feet Unit 3: 528
- Rent Unit 3: $810.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 109
- Square Feet Unit 4: 528
- Rent Unit 4: $880.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Owner
- Leasable Area: 2412.0
- Leasable Area Units: Square Feet
Property History for 103 Lake Louise Drive Southwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 103 Lake Louise Drive Southwest
Taxable ValueLand$17,600Additions-Total$17,600
Tax Record2021$232 ($19 / month)
Home Facts
Beds0Lot Size3,250 SqFtStyleResidentialZoningR4CountyPIERCEAPN4615000932
Schools near 103 Lake Louise Drive Southwest
This home is within Clover Park School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 5 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | K to 7 |
Rating | School | Distance |
|---|---|---|
Lake Louise Elementary School PublicPK to 5 | ||
Transition Day Students Public5 to 12 | ||
Lakes High School Public9 to 12 | ||
Oak Grove PublicK to 7 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Kidder Mathews
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.