Listed by John L. Scott, Inc, Bought with Rain Town Realty + JPAR
$505,000
SOLD SEP 19, 2024

1016 S 48th St Unit AB Tacoma, WA 98408

South End Neighborhood
-- Bed
-- Bath
1,854 Sq Ft
8,190 Sq Ft Lot

Recently Sold

$272 Per Sq Ft

6% Above List Price

13 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • High Efficiency Heating System
  • Corner Lot
  • Baseboard Heating
  • Property is Fully Fenced

About This Home

As of September 2024

Looking for a Great Investment in a Great Location, Close to Mall & Shopping, on a Large Lot with Room to Expand? Live in one Unit and Rent Out the Other. Solid Home / Duplex with the Possibility of an ADU according to City, & the Carriage House May be able to be Turned into an ADU or Convert Back to 2 Car Garage. Entire Property is Fenced, with Plenty of Parking Inside for all. RV Parking. Downstairs Unit has A/C, 2 Beds, Remodeled Bath, Large Kitchen, Dining Room, Living Room, Fireplace, & High Ceilings. Upstairs is a 1 Bedroom, Remodeled Bath, Large Kitchen & Living Room. New Water Heater & Smart Tank, New Lifetime Gutters. Alley Access. Fruit Trees & Grapevines. Limitless Possibilities! Do Not Walk on Property without Appointment.

Last Agent to Sell the Property

Ramon Gutierrez

John L. Scott, Inc License #5344 Listed on: 07/18/2024

John L. Scott, Inc

Last Buyer's Agent

Clinton Rogers

Rain Town Realty + JPAR License #21013234

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2262603

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,471

Year Built

  • Built in 1906

Lot Details

  • 8,190 Sq Ft Lot
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Corner Lot

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,854 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 3 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Outbuilding

Utilities

  • Ductless Heating Or Cooling System
  • High Efficiency Heating System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7785001080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,471

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1906
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1854
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 268

Interior Features

  • Possible Use: Multi-Family, See Remarks
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Cooling: Ductless HP-Mini Split, Other – See Remarks
  • Cooling Y N: Yes
  • Heating: 90%+ High Efficiency, Baseboard, Ductless HP-Mini Split, Other – See Remarks
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 7785001080
  • Lot Size Acres: 0.188
  • Lot Size Sq Ft: 8190
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Outbuildings,RV Parking
  • MLSLotSizeSource: PCR
  • ZoningClass: Multi-Family,See Remarks

Green Features

  • Power Production Type: Electric, See Remarks, Wood

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 1600

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4471

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 1854
  • EnergySource: Electric,See Remarks,Wood
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Sep 11, 2024
Sold by
Baicy Thomas O
Bought by
Cheeley Treveon
Seller's Agent
Ramon Gutierrez
John L. Scott, Inc
Buyer's Agent
Clinton Rogers
Rain Town Realty + JPAR
List Price
$475,000
Sold Price
$505,000
Premium/Discount to List
$30,000
6.32%
Total Days on Market
13
Views
31
Current Estimated Value
$512,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,737
Avg. Annual Appreciation
2.20%
Original Mortgage
$505,000
Outstanding Balance
$501,733
Interest Rate
6.47%
Mortgage Type
VA
Estimated Equity
$11,004

Purchase Details

Closed on
Mar 11, 2020
Sold by
Bomgardner Clair and Bomgardner Janice
Bought by
Baicy Thomas O
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $505,000 Cw Title
Warranty Deed $305,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $505,000 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2024 09/19/24 Sold $505,000 +6.3% $272 / Sq Ft
07/31/2024 07/31/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $475,000 -- $256 / 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
2024 $4,471 $425,200 $212,600 $212,600
2023 $4,471 $401,500 $199,600 $201,900
2022 $4,205 $437,900 $198,100 $239,800
2021 $3,912 $311,100 $114,200 $196,900
2019 $3,204 $282,800 $99,500 $183,300
2018 $3,524 $246,400 $86,600 $159,800
2017 $3,014 $223,000 $63,700 $159,300
2016 $2,670 $163,600 $46,500 $117,100
2014 $2,362 $153,500 $45,200 $108,300
2013 $2,362 $141,800 $41,400 $100,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2262603

Northwest Multiple Listing Service (NWMLS)

APN: 778500-1080