Listed by Real Broker LLC, Bought with KW Mountains to Sound Realty
NOT LISTED FOR SALE

Estimated Value: $492,745 - $542,000

4 Beds
2 Baths
1,728 Sq Ft
$294/Sq Ft Est. Value

Sale Details

Date Sold: February 3, 2020

Last sale price $325,000 $188 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,128 / mo

8 Days on Market

Highlights

  • Deck
  • High Speed Internet
  • Wood Siding
  • Territorial View
  • Partially Fenced Property
  • Wall to Wall Carpet

About This Home

As of February 2020

Solid, turn-key duplex. Units are 2bed/1bath with Washer/Dryer hookups; interiors are very clean with newer flooring throughout and each unit comes with one-car garage and patio. Very well maintained; quality built in 1986. Value-add: tenants are paying well-below market rents. Market Cap Rate: 7%. Tacoma is booming with some of the highest rent growth in the country! High demand rental near Fern Hill neighborhood in South Tacoma - close to everything.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 12/12/2019

Last Buyer's Agent

Brian Manaois

KW Mountains to Sound Realty License #1944

KW Mountains to Sound Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1546119

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,248

Year Built

  • Built in 1986

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 60 x 103
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,728 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Larchmont Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 0320338056

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,248

Year Built

Built in 1986

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1986
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Duplex
  • CalculatedSquareFootage: 1728
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Laminate Tile, Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: Pierce County
  • WaterCompany: TPU

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0320338056
  • Lot Size Acres: 0.14
  • Lot Size: 60 x 103
  • Lot Size Sq Ft: 6098
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 2

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 2262

Tax Info

  • Year: 2019
  • Tax Annual Amount: 3248

Multi Family

  • Number Of Units Total: 2
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

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

Listed on
Dec 12, 2019
Closed on
Jan 30, 2020
Sold by
Bought by
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Brian Manaois
KW Mountains to Sound Realty
List Price
$345,000
Sold Price
$325,000
Premium/Discount to List
-$20,000
-5.8%
Current Estimated Value
$508,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,686
Avg. Annual Appreciation
7.16%
Original Mortgage
$243,750
Interest Rate
0.037%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2015
Sold by
Bought by

Purchase Details

Closed on
Jul 12, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
0.0388%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
0.0518%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2001
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$325,000 Fidelity National Title
-- None Available
$90,000 Fidelity National Title Co
-- None Available
$170,100 Ticor Title Company
-- --
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 $243,750
Previous Owner $67,500
Previous Owner $136,000
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
02/03/2020 02/03/20 Sold $325,000 -5.8% $188 / Sq Ft
12/20/2019 12/20/19 Pending -- -- --
12/12/2019 12/12/19 For Sale $345,000 -- $200 / 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 $4,277 $462,100 $168,800 $293,300
2024 $4,277 $436,900 $170,500 $266,400
2023 $4,277 $384,000 $163,600 $220,400
2022 $4,040 $396,100 $154,300 $241,800
2021 $4,210 $334,900 $101,100 $233,800
2019 $3,248 $295,200 $86,600 $208,600
2018 $3,358 $249,800 $70,300 $179,500
2017 $2,826 $212,500 $52,700 $159,800
2016 -- $161,700 $39,800 $121,900
2014 $2,139 $150,700 $38,600 $112,100
2013 $2,139 $128,900 $32,800 $96,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1546119

Northwest Multiple Listing Service (NWMLS)

APN: 032033-8056

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