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

Estimated Value: $455,711 - $520,000

4 Beds
2 Baths
1,648 Sq Ft
$300/Sq Ft Est. Value

Sale Details

Date Sold: March 9, 2018

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

Est. 130% increase in value since last sale

Current estimated payment $3,132 / mo

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

Parking

  • Open Parking

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

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

6,500 Sq Ft Lot

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
  • Structure Type: Duplex
  • 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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2021
Sold by
Bought by
Current Estimated Value
$494,178

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
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2018
Sold by
Bought by

Purchase Details

Listed on
Feb 14, 2018
Closed on
Mar 9, 2018
Sold by
Bought by
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
10.44%
Original Mortgage
$219,300
Interest Rate
0.0415%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2010
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$480,000 Cw Title
$333,719 Fidelity National Title
$214,719 Fidelity National Title
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $360,000
Previous Owner $219,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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