NOT LISTED FOR SALE

Estimated Value: $654,167

4 Beds
2 Baths
3,092 Sq Ft
$212/Sq Ft Est. Value

Last Sold October 03, 2017

Last sale price $350,000 $113 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,598/month

79 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • Wood Siding
  • Stadium High School Rated A-
  • Partially Fenced Property
  • 3-minute walk to Wright Park

About This Home

As of October 2017

Location, Location, Location. Wonderful multi-family investment directly on a future Rapid Transit Light Rail stop. The property is steps from famous Wright Park and blocks from highly coveted Stadium High School. Tacoma ranks in top 3 cities nationally for rental growth year over year. This provides an investor the opportunity to own an income-producing multi-family asset with immediate rental upside. The land zoning is Neighborhood Commercial Mix-Use allowing a 65' height limit.

Last Agent to Sell the Property

Kevin Verger

Kidder Mathews License #26206 Listed on: 06/12/2017

Last Buyer's Agent

Kevin Verger

Kidder Mathews License #26206 Listed on: 06/12/2017

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1142770

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,167

Year Built

  • Built in 1892

Lot Details

  • 2,880 Sq Ft Lot
  • Partially Fenced Property

Property Views

  • Bay
  • City

Home Design

  • Quadruplex
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,092 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Schools

  • Mccarver Elementary School
  • Jasonlee Middle School
  • Stadium High School

Community Details

  • North Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2006210020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,167

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1892
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3092
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Bay, City
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Post & Pillar
  • Property Condition: Fair
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 2400

Schools

  • Junior High Dist: Tacoma
  • High School: Stadium
  • Middle Or Junior School: JasonLee

Lot Info

  • Parcel Number: 2006210020
  • Lot Size Acres: 0.0661
  • Lot Size Sq Ft: 2880
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2575

Multi Family

  • Gross Scheduled Income: 30900
  • Net Operating Income: 18806
  • Number Of Units Total: 4
  • Insurance Expense: 600
  • Leasable Area: 2564
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2016
  • Tax Annual Amount: 3167

MLS Schools

  • Elementary School: Mccarver

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2017
Closed on
Oct 2, 2017
Sold by
Gleason Robert A and Gleason Vicki L
Bought by
Multicare Health System
Seller's Agent
Kevin Verger
Kidder Mathews
Buyer's Agent
Kevin Verger
Kidder Mathews
List Price
$399,000
Sold Price
$350,000
Premium/Discount to List
-$49,000
-12.28%
Current Estimated Value
$654,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,167
Avg. Annual Appreciation
8.07%
Source: Public Records

Range of Values:

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Average Value
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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
Multicare Health System $349,719 Fidelity National Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2017 10/03/17 Sold $350,000 -4.1% $113 / Sq Ft
08/31/2017 08/31/17 Pending -- -- --
08/14/2017 08/14/17 Price Changed $365,000 -8.5% $118 / Sq Ft
06/12/2017 06/12/17 For Sale $399,000 -- $129 / 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 $1,680 $149,500 $149,500 --
2024 $1,680 $149,500 $149,500 --
2023 $1,680 $150,300 $150,300 $0
2022 $1,479 $181,800 $181,800 $0
2021 $1,191 $94,100 $94,100 $0
2019 $3,484 $301,600 $74,900 $226,700
2018 $3,686 $268,000 $65,600 $202,400
2017 $3,167 $233,300 $45,800 $187,500
2016 $2,823 $174,000 $32,100 $141,900
2014 $2,502 $162,300 $33,000 $129,300
2013 $2,502 $151,100 $33,000 $118,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1142770

Northwest Multiple Listing Service (NWMLS)

APN: 200621-0020