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5503 112th St SW, Lakewood, WA, 98499

$565,000

Home List Price

$6,709*

Closing Credit

0 Baths
2,026 SqFt
$279/SqFt
House

Location

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5503 112th St SW, Lakewood$565,000

Buyer Closing Credits

$6,709*

1.25% Loan Amount

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Property Highlights

Year Built1940
HeatingOther
CoolingWall Unit(s)
MLS #2312163
Lot Size0.30 Acres
StatusActive

About 5503 112th St SW

Investment Opportunity! Discover this cash-flowing tri-plex on a spacious corner lot. All three units are currently occupied by long-term tenants, ensuring positive steady income. Features include on-site laundry facilities, 5 dedicated parking spots, and ample street parking. Conveniently located near I-5, Tacoma Mall, shopping, dining, & parks, this property offers a prime location for tenants. Dont miss this chance to secure a solid, income-generating property for your portfolio! Rents $3750. 2x1, 1x1, 0x1.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 2
  • Living Area: 2,026 SqFt

Listing Office:

  • Office Name: Pellego, Inc.
  • Office Phone: (425) 441-3180
  • Listing Agent: Shawn Darden

Exterior Features

Exterior Information:

  • Exterior: Wood

Lot Features

Lot Information:

  • Lot: Corner Lot, Paved
  • Lot Size: 0.30 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: From I-5 South, take Exit 125 onto Bridgeport Way. Right onto Bridgeport Way SW, Left onto 112th St SW, Right onto 55th Ave SW. Home on Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $565,000
  • Price Per SqFt: $279/SqFt

Tax Information:

  • Annual Amount: $4,165
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lakewood, WA.

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Lakewood, WA

City

Med. Sold Price

$510K

Med. Price/SqFt

$306

Avg. Days On Market

32

# of Sold Homes

47

5503 112th St SW vs Lakewood

1 DAY ON ROCKET

-31 Days

$565,000

+$55K More

$279/SqFt

-$28 Less

KEY TAKEAWAY

This property is $55K more than the Median Sold Price and $28/SqFt less than other homes in Lakewood, WA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NWMLS
  • MLS Number: #2312163

Listing Office:

  • Office Name: Pellego, Inc.
  • Office Phone: (425) 441-3180
  • Listing Agent: Shawn Darden

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 1:47:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 21, 2020Home Sold
$290,000
Dec 10, 2019Home Sold
$316,000

Tax History

YEARPROP. TAXASSESSMENT
2021$4,165$318,600
2020$3,962$318,600
2018$3,099$257,000
2017$3,422$231,200

History based on county public records data.

Payment Calculator

$2,887

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,760

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-159071
3
/10

  • Tyee Park Elementary School

  • 11920 Seminole Rd SW

  • 0.49 miles

  • Public District Grades KG-5

school-card-donut-159072
4
/10

  • Lakeview Hope Academy

  • 10501 47th Ave SW

  • 0.65 miles

  • Public District Grades KG-5

school-card-donut-159073
2
/10

  • Park Lodge Elementary School

  • 6300 100th St SW

  • 0.86 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,862. Most Lakewood, WA residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5503 112th St SW

What is the listing price of this property?

The listing price of 5503 112th St SW property is $565,000.

What type of property is this?

The property 5503 112th St SW is a house located in Lakewood, Washington, 98499.

Is this property for sale now?

Active Listing: 5503 112th St SW is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,165 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 21, 2020 for $290,000. (source: MLS/tax record).

What is the square footage of this property?

The property 5503 112th St SW is 2,026 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5503 112th St SW is 1940.

Rocket Homes›Washington›Pierce County›Lakewood›98499›5503 112th St SW

This home is located at 5503 112th St SW in Lakewood, WA and zip code 98499 in the Paradise Park neighborhood. This 2,026 square foot home, which was built in 1940, sits on a 0.30 acre lot. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $565,000.

In October 2024 more than 17 listings in Lakewood, WA were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 16 were sold below. The number of homes for sale in Lakewood, WA decreased by 1.9% between September 2024 and October 2024. While the average time on the market in October 2024 was 32 days, the median list price was $510,000.

From Rocket Homes Real Estate and based on county public records data.

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