Listed by Real Broker LLC, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $635,000 - $782,000

6 Beds
3 Baths
3,531 Sq Ft
$208/Sq Ft Est. Value

Last Sold January 24, 2020

Last sale price $500,000 $142 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,614/month

22 Days on Market

Highlights

  • Deck
  • Property is Fully Fenced
  • Wall to Wall Carpet
  • Territorial View
  • Wood Siding

About This Home

As of January 2020

Solid, turn-key triplex. Units are all 2bed/1bath with Washer/Dryer hookups; interiors have been updated with paint/cabinets/etc and each comes with one garage space and balcony/patio. Value-add: tenants are paying below market rents; garage could potentially be converted into 4th 850SF unit. Cap Rate: 6.4%. High demand rental near Fern Hill neighborhood in South Tacoma - close to everything.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 11/14/2019

Last Buyer's Agent

Kaewett Nelson

Skyline Properties, Inc. License #90202

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1541501

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,331

Year Built

  • Built in 1986

Lot Details

  • 9,583 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,531 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Community Details

  • Larchmont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0320338057

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,331

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1986
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3531
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 354

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: Pierce County
  • WaterCompany: TPU
  • WaterSewerGarbage: 2800

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0320338057
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Fully
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 3350

Multi Family

  • Gross Scheduled Income: 40200
  • Net Operating Income: 3167
  • Number Of Units Total: 3
  • Insurance Expense: 900
  • Leasable Area: 3531
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 4331

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2019
Closed on
Jan 22, 2020
Sold by
Hererra Jennifer
Bought by
Ramirez Matthew Gregory
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Kaewett Nelson
Skyline Properties, Inc.
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$742,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,688
Avg. Annual Appreciation
7.38%
Original Mortgage
$432,437
Interest Rate
2.75%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 14, 2019
Closed on
Jan 6, 2020
Sold by
Sds Property Services Llc
Bought by
Ramirez Matthew
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Kaewett Nelson
Skyline Properties, Inc.
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,437
Interest Rate
2.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 15, 2017
Sold by
Nelson Britt
Bought by
Sds Property Services Llc

Purchase Details

Closed on
Apr 21, 2010
Sold by
Nelson Barbara Lord
Bought by
Barbara Lord Nelson Living Trust

Purchase Details

Closed on
Jul 1, 2003
Sold by
Shaddox James W
Bought by
Nelson Barbara Lord

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2001
Sold by
Shaddox James W
Bought by
Shaddox James W and Shaddox Sonja R
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ramirez Matthew Gregory -- Fidelity National Title
Ramirez Matthew $500,000 Fidelity National Title
Sds Property Services Llc -- Accommodation
Nelson Britt -- Accommodation
Barbara Lord Nelson Living Trust -- None Available
Nelson Barbara Lord $184,000 Ticor Title Company
Shaddox James W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Matthew $500,000
Closed Ramirez Matthew Gregory $432,437
Previous Owner Nelson Barbara Lord $305,000
Previous Owner Nelson Barbara Lord $270,000
Previous Owner Nelson Barbara Lord $147,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2020 01/24/20 Sold $500,000 0.0% $142 / Sq Ft
12/06/2019 12/06/19 Pending -- -- --
12/04/2019 12/04/19 For Sale $500,000 0.0% $142 / Sq Ft
11/22/2019 11/22/19 Pending -- -- --
11/14/2019 11/14/19 For Sale $500,000 -- $142 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,570 $673,800 $183,400 $490,400
2024 $6,570 $642,500 $185,300 $457,200
2023 $6,570 $590,500 $177,800 $412,700
2022 $6,112 $603,300 $170,400 $432,900
2021 $5,839 $464,800 $111,700 $353,100
2019 $4,319 $407,200 $95,600 $311,600
2018 $4,517 $332,400 $77,600 $254,800
2017 $3,795 $286,000 $59,200 $226,800
2016 $3,520 $217,700 $44,700 $173,000
2014 $2,870 $202,500 $43,400 $159,100
2013 $2,870 $173,200 $36,800 $136,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1541501

Northwest Multiple Listing Service (NWMLS)

APN: 032033-8057