3202 MorrisonUniversity Place, WA 98466

  • Residential income properties
  • 4,878 SF
Off market
$1,195,900 Estimated

Property Details for 3202 Morrison

Year built
1989
Construction
FRAME
Lot size
0.31 AC
Property size (Sq ft)
4,878 SF
Zone code
MF
Property type
Residential income properties
Property subtype
Other apartment buildings
APN
8867200010
APU
8867200010

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,636,798
    6.5%
    $1,510,891
    7%
    $1,402,970
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,027,561
    Geo Method
    $1,456,078
  • Alternative Use

    Use
    Valuation
    Residential
    $1,510,891
    Hospitality
    $1,383,968
    Educational
    $1,151,445
    Medical
    $1,191,045
    Retail
    $1,791,137
3202 Morrison, University Place, Washington

Location Insight

City
University Place
County
Pierce
State
Washington
Latitude
47.2307
Longitude
-122.535
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,090
$305,400
$890,500
$1,195,900
-
$305,400
$890,500
$1,195,900

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