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7002 Locust Avenue East

7002 Locust Avenue East, Bonney Lake, WA 98391
Property in Pierce
Sold Sep 22, 2020
$315,000
$318,181 by Movement Mortgage
Mortgage Due Oct 01, 2050
Sold Oct 12, 2016
Transfer
$234,842 by Envoy Mortgage Ltd
Mortgage Due Nov 01, 2046
Local assessors in Bonney Lake, WA have categorized 7002 Locust Avenue East as a residential type of property. The home was built in 1968 and is 56 years old. It was most recently renovated and altered in 2017. The property's lot size has been calculated to be 18,630 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7002 Locust Avenue East has a total of 2,090 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 630 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7002 Locust Avenue East sold most recently in Sep 11, 2020 for a total of $315,000. If you work out the math, that's approximately a cost of $150.72 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,912 in taxes each year. 7002 Locust Avenue East was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $505,300. If we break it down further, the land itself was valued at $219,300. Improvements to the property, however, were assessed at a total of $286,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Unknown
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 630
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 18,630
  • Lot Size Frontage Feet: 1,725
  • Total Building Area: 2,090
  • Gross Building Area: 2,090
  • Building Area: 2,090
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,090
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: DEBRA JANE LAKE
  • Land Acres: 0.428
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: SECTION 28 TOWNSHIP 20 RANGE 05 QUARTER 24 DEBRA JANE LAKE L 6 B 2 UTILITY & TRAIL EASE

Ownership

  • Current Owner : CAHILL KAITLIN
  • Current Owner 2: PAYNE KATHERINE
  • Previous Owner : COPELAND MATTHEW J
  • Previous Owner 2: COPELAND DARCY
  • Owner Before Previous Owner: FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sumner School District
  • Census Tract: 070313

Zoning

  • Zoning: R1

Geography

  • Parcel: 344000-1-060
  • Block: 2
  • Lot: 6
  • Meridian: SEC 28 TWN 20 RNG 05
  • Municipality: BONNEY LAKE
  • Latitude: 47.1938
  • Longitude: -122.181

    Address

  • Full Address: 7002 Locust Ave E
  • Address - House Number: 7002
  • Street Segment Direction: E
  • Address - Street Name: Locust
  • Address - Suffix Type: Ave
  • State: WA
  • City Name: Bonney Lake
  • Carrier Code: R019
  • 4-Digit Zip Code: 8839
  • Zip Code: 98391

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,912
  • Tax Rate Code Area: 035

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 80
  • Final Value: 543,510
  • High Value: 627,676
  • Low Value: 459,345

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $318,181
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Sep 22, 2020
  • First Open Lien Mortgage Loan Amount: $318,181
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $505,300
  • Market Land Value: $219,300
  • Market Improvement Value: $286,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $505,300
  • Assessed Land Value: $219,300
  • Assessed Improvements Value: $286,000

    Sales

  • Current Sale Contract Date: Sep 11, 2020
  • Current Sale Recording Date: Sep 22, 2020
  • Current Sale Transaction ID: 11788738355
  • Current Sale Price: $315,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202009220656
  • Previous Sale Recording Date: Oct 12, 2016
  • Previous Sale Contract Date: Sep 28, 2016
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Sep 22, 2020
  • First Mortgage Loan Amount: $318,181
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: ENVOY MORTGAGE LTD
  • Previous Mortgage Transaction Date: Oct 12, 2016
  • Previous Mortgage Loan Amount: $234,842
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Nov 01, 2046

About Bonney Lake



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Frequently Asked Questions

What neighborhood is 7002 Locust Avenue East located in?
The 7002 Locust Avenue East is a located in the neighborhood of Pierce in Bonney Lake, Bonney Lake.
What is the average sales price for listings in 7002 Locust Avenue East?
The average sales price for units in 7002 Locust Avenue East is $0 currently.

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