Listed by Pilot Ventures LLC, Bought with Best Choice Network LLC
NOT LISTED FOR SALE

Estimated Value: $501,763 - $553,000

4 Beds
2 Baths
1,648 Sq Ft
$322/Sq Ft Est. Value

Last Sold March 09, 2018

Last sale price $215,000 $130 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $3,203/month

Highlights

  • Wood Siding
  • 1-Story Property
  • 5-minute walk to Rogers Park

About This Home

As of March 2018

Wonderful opportunity to own a duplex in Tacoma, the market with the fourth fastest growing rents in the nation. The building is located in a quiet suburb with great access to I-5. Both units currently rent for $685/mo, though both have big upside. Renovations will enable the new owner to nearly double the rents and attain the market rate of around $1150. At $1150/unit, pro forma numbers indicate the the building will cashflow around $16,000/yr (NOI) and achieve a 6.4% cap rate.

Last Agent to Sell the Property

Jason Kono

Pilot Ventures LLC License #79925 Listed on: 02/14/2018

Last Buyer's Agent

Sarah Noet

Best Choice Network LLC License #110182

Best Choice Network LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1245596

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,674

Year Built

  • Built in 1980

Lot Details

  • 6,500

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • 1-Story Property
  • 6,500 Sq Ft Lot

Community Details

  • Mckinley Subdivision

Listing and Financial Details

  • Tax Lot 2085340060
  • Assessor Parcel Number 2085340060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,674

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1980
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2085340060
  • Lot Size Acres: 0.1492
  • Lot Size Sq Ft: 6500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Pierce County Assessor
  • LotNumber: 2085340060

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 1370

Tax Info

  • Year: 2018
  • Tax Annual Amount: 2674

Multi Family

  • Number Of Units Total: 2
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2021
Sold by
Elkinton Julie and Elkinton Virgil
Bought by
Kabuage Morris and Kabuage Agnetta G
Current Estimated Value
$530,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$324,512
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$205,679

Purchase Details

Closed on
Nov 10, 2018
Sold by
5 Star Homes Llc
Bought by
Elkinton Julle and Elkinton Virgil

Purchase Details

Listed on
Feb 14, 2018
Closed on
Mar 9, 2018
Sold by
Bellevue Ave Ventures
Bought by
5 Star Homes Llc
Seller's Agent
Jason Kono
Pilot Ventures LLC
Buyer's Agent
Sarah Noet
Best Choice Network LLC
List Price
$219,500
Sold Price
$215,000
Premium/Discount to List
-$4,500
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.14%
Original Mortgage
$219,300
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2010
Sold by
West Curtis A and West Hedy E
Bought by
Bellevue Ave Ventures
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 Buyer Sale Price Title Company
Kabuage Morris $480,000 Cw Title
Elkinton Julle $333,719 Fidelity National Title
5 Star Homes Llc $214,719 Fidelity National Title
Bellevue Ave Ventures -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kabuage Morris $360,000
Previous Owner 5 Star Homes Llc $219,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2018 03/09/18 Sold $215,000 -2.1% $130 / Sq Ft
02/16/2018 02/16/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $219,500 -- $133 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $5,361 $527,900 $186,900 $341,000
2024 $5,361 $511,700 $179,800 $331,900
2023 $5,361 $481,600 $167,500 $314,100
2022 $4,437 $484,500 $167,100 $317,400
2021 $4,208 $334,700 $104,500 $230,200
2019 $0 $288,600 $87,000 $201,600
2018 $2,674 $207,000 $69,600 $137,400
2017 $2,244 $169,100 $53,600 $115,500
2016 $2,104 $127,800 $39,900 $87,900
2014 $1,749 $120,900 $38,700 $82,200
2013 $1,749 $104,200 $34,000 $70,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1245596

Northwest Multiple Listing Service (NWMLS)

APN: 208534-0060