NOT LISTED FOR SALE

Estimated Value: $976,000 - $1,054,194

6 Beds
4 Baths
3,067 Sq Ft
$331/Sq Ft Est. Value

Last Sold June 18, 2019

Last sale price $680,000 $222 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $6,077/month

Highlights

  • Bay View
  • Wood Flooring
  • Wood Siding
  • Stadium High School Rated A-
  • Thermal Windows

About This Home

As of June 2019

Great income generating Fourplex in historic Tacoma with peekaboo views of Puget Sound! Minutes from the Ruston Water Front, freeways, restaurants and shops near downtown. Units are in good condition and fully occupied. Room to raise rents to market rates. Onsite laundry room.

Aaron Nelson

Skyline Properties, Inc. License #127645 Listed on: 06/18/2019

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1477598

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,164

Year Built

  • Built in 1956

Lot Details

  • 9,000 Sq Ft Lot
  • Property is in good condition

Parking

  • 2 Covered Spaces

Property Views

  • Bay
  • Territorial

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,067 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Community Details

  • Old Town Subdivision

Listing and Financial Details

  • Legal Lot and Block 1-3 / 4024
  • Assessor Parcel Number 2040240010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,164

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1956
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3067
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Hardwood, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Bay, Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Available, Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 4124

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2040240010
  • Lot Size Acres: 0.2066
  • Lot Size Sq Ft: 9000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Gas Available
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 1-3

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • TotalMonthlyIncome: 4650

Multi Family

  • Gross Scheduled Income: 55800
  • Net Operating Income: 39772
  • Number Of Units Total: 4
  • Electric Expense: 1493
  • Insurance Expense: 2015
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2019
  • Tax Annual Amount: 6164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2021
Sold by
Ali Aleesa Jessica
Bought by
Ali Shiraz Azam
Total Days on Market
0
Current Estimated Value
$1,015,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,500
Outstanding Balance
$643,355
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$371,742

Purchase Details

Listed on
Jun 18, 2019
Closed on
Jun 4, 2019
Sold by
Moore Edith M
Bought by
Ali Shiraz Azam
Buyer's Agent
Aaron Nelson
Skyline Properties, Inc.
List Price
$680,000
Sold Price
$680,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.92%
Original Mortgage
$610,754
Interest Rate
3.12%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Ali Shiraz Azam -- First American Title
Ali Shiraz Azam $680,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ali Shiraz Azam $696,500
Closed Ali Shiraz Azam $610,754
Previous Owner Moore Edith M $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2019 06/18/19 Sold $680,000 0.0% $222 / Sq Ft
06/18/2019 06/18/19 For Sale $680,000 -- $222 / 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 $8,275 $808,300 $362,900 $445,400
2023 $8,275 $744,000 $323,400 $420,600
2022 $7,306 $756,600 $377,100 $379,500
2021 $7,117 $566,800 $249,800 $317,000
2019 $6,164 $512,000 $207,400 $304,600
2018 $6,487 $474,700 $183,800 $290,900
2017 $5,628 $411,000 $162,300 $248,700
2016 $5,481 $328,100 $111,900 $216,200
2014 $4,601 $315,500 $104,700 $210,800
2013 $4,601 $287,200 $88,300 $198,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1477598

Northwest Multiple Listing Service (NWMLS)

APN: 204024-0010