Listed by Real Broker LLC, Bought with eXp Realty
NOT LISTED FOR SALE

1014 76th Street Ct E Unit A-D Tacoma, WA 98404

Midland Neighborhood

Estimated Value: $765,000 - $787,327

8 Beds
4 Baths
3,312 Sq Ft
$234/Sq Ft Est. Value

Last Sold March 29, 2017

Last sale price $360,000 $109 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $4,822/month

8 Days on Market

About This Home

As of March 2017

FOURPLEX: 7.8% Cap Rate with upside potential in rents. This is a solid, turn-key investment property producing excellent cash-flow! Units are all 2 bed/1 bath, 828SF, each with their own washer/dryer and a cozy fireplace. Second floor units have private balcony. Ample parking for all units. High-demand rental just minutes from I-5 and access to all amenities.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 02/20/2017

Co-Listed By

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068

Last Buyer's Agent

Chris Pierard

eXp Realty License #25521

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1076080

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,554

Year Built

  • Built in 1986

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 86 x 135
  • Property is in good condition

Home Design

  • Quadruplex
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,312 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Cable TV Available

Community Details

  • Midland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4161000040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,554

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1986
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3312
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: *3%*
  • Special Features: None

Interior Features

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

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Tacoma Power Utility
  • SewerCompany: City of Tacoma
  • WaterCompany: City of Tacoma
  • WaterSewerGarbage: 4200

Schools

  • Junior High Dist: Franklin Pierce

Lot Info

  • Parcel Number: 4161000040
  • Lot Size Acres: 0.2634
  • Lot Size: 86 x 135
  • Lot Size Sq Ft: 11475
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 3200

Multi Family

  • Gross Scheduled Income: 38400
  • Net Operating Income: 28446
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 3312
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2016
  • Tax Annual Amount: 4554

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2017
Closed on
Mar 15, 2017
Sold by
Cepeda Dylan and Cepeda Ann P Lippman
Bought by
Dhir Amit and Dhir Rita R
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Chris Pierard
eXp Realty
List Price
$365,000
Sold Price
$360,000
Premium/Discount to List
-$5,000
-1.37%
Current Estimated Value
$776,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,164
Avg. Annual Appreciation
9.41%
Original Mortgage
$270,000
Outstanding Balance
$181,654
Interest Rate
4.15%
Mortgage Type
Commercial
Estimated Equity
$594,510

Purchase Details

Listed on
Dec 3, 2012
Closed on
Dec 13, 2012
Sold by
Green Andrew M and Green Debra A
Bought by
Cepeda Dylan and Cepeda Anna Pauline Lippman
Seller's Agent
Sabine Bestier
Coldwell Banker Danforth
Buyer's Agent
Rashan Clark
ANB Homes
List Price
$175,000
Sold Price
$180,000
Premium/Discount to List
$5,000
2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.58%
Original Mortgage
$170,000
Interest Rate
3.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 2002
Sold by
Tsegga Mekonnen
Bought by
Green Andrew M and Green Debra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.09%
Mortgage Type
Commercial
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
Dhir Amit $359,719 Old Republic Title Ltd
Cepeda Dylan $180,000 First American Title Ins Co
Green Andrew M $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dhir Amit $270,000
Previous Owner Cepeda Dylan $170,000
Previous Owner Green Andrew M $180,000
Closed Green Andrew M $22,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/29/2017 03/29/17 Sold $360,000 -1.4% $109 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
02/20/2017 02/20/17 For Sale $365,000 +102.8% $110 / Sq Ft
12/17/2012 12/17/12 Sold $180,000 +2.9% $54 / Sq Ft View Prior Sale
12/05/2012 12/05/12 Pending -- -- --
12/03/2012 12/03/12 For Sale $175,000 -- $53 / 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 $8,485 $706,900 $178,300 $528,600
2024 $8,485 $699,800 $178,300 $521,500
2023 $8,485 $699,900 $178,300 $521,600
2022 $8,036 $720,900 $179,200 $541,700
2021 $6,992 $504,900 $106,100 $398,800
2019 $5,204 $419,600 $94,600 $325,000
2018 $5,284 $384,100 $88,000 $296,100
2017 $4,909 $294,600 $66,300 $228,300
2016 $4,265 $237,000 $53,700 $183,300
2014 $3,898 $212,700 $46,400 $166,300
2013 $3,898 $202,100 $43,800 $158,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1076080

Northwest Multiple Listing Service (NWMLS)

APN: 416100-0040