tomo logo

$649,000

Beds
3
Baths
1.75
sq ft
2,210

518 Summit Ave, Fircrest, WA 98466

518 Summit Ave

Fircrest, WA 98466

  • 33 days on market
    • Price drop $16,000↓
Can you believe this Fircrest charmer is over 2,000 sq ft! This lovely home has all the beauty of yesterday's craftmanship blended with today's modern conveniences. You'll love the updates throughout this picturesque home such as restored hardwood floors, updated kitchen with quartz countertops, gas range, and an attached eating nook. Living room has cozy gas fireplace, handsome family room has entire wall of built-ins for convenient & stylish storage. On the first floor you'll find the first of the 3 considerable bedrooms as well as a updated full bathroom. Upstairs boasts 2 spacious bedrooms including the primary with plenty of closet space w/updated ensuite 3/4 bathroom. Unfinished basement perfect for storage + 1 car garage and carport.

Details

Property type

Single Family Residence

Est. home value

$626,410

Lot size

5,500 sq ft

Price per sq ft

$294

Year built

1943

Annual property taxes

$4,694

Price History

06/20/2024
NorthwestMLS

NorthwestMLS #2238670

Price change
$649,000
-2.41%
05/30/2024
NorthwestMLS

NorthwestMLS #2238670

Listed
$665,000
+1.22%
08/15/2023
NorthwestMLS

NorthwestMLS #2140650

Sold
$657,000
+54.59%

Schools & Community

Elementary school: 

Whittier

Middle school: 

Wainwright Intermediate

High school: 

Foss

School district: 

Tacoma

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$76,193
Asking price
$649,000
Closing costs (~8% of asking)
-$51,920
Est. remaining loan balance
-$520,887
Cash to seller
$76,193

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

1St Security Bank Of Washington

Loan start date

August 2023

Original loan amount

$525,600

Est. remaining balance

$520,887

Interest rate

6.67%

Loan type

New Conventional, 30 year

Seller

John Daniel Peterson Jr and Shayla M Peterson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/02/2024 at 4:10 PM

Listing updated: 06/21/2024 at 2:13 PM

Listed by: Lynn Peterson, Keller Williams Rty Tacoma Phone #: (253) 460-8640

MLS: NorthwestMLS #2238670

NorthwestMLS logo

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