Listed by Real Broker LLC, Bought with Windermere Northwest Living
NOT LISTED FOR SALE

105 114th St S Tacoma, WA 98444

Estimated Value: $487,000 - $805,000

6 Beds
4 Baths
2,400 Sq Ft
$288/Sq Ft Est. Value

Last Sold September 03, 2019

Last sale price $466,500 $194 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,105/month

110 Days on Market

Highlights

  • Territorial View
  • Thermal Windows
  • Ceramic Tile Flooring
  • Corner Lot
  • Patio
  • High Speed Internet

About This Home

As of September 2019

4-Unit Property (TRIPLEX + HOUSE) on a .25 Acre Lot. 7.25% Market Cap Rate. HOUSE is 1200 Sqft 3bed/1.75bath and has been COMPLETELY REMODELED from the studs-out including NEW PLUMBING and ELECTRICAL. TRIPLEX is 1094 SqFt with updated interiors. This is a solid, turn-key property with upside potential in rents. Fully-occupied with good tenants. Great location; high demand rental.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 05/02/2019

Last Buyer's Agent

David Thelin

Windermere Northwest Living License #18448

Windermere Northwest Living

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1450081

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,821

Year Built

  • Built in 1962

Lot Details

  • 10,000 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 12 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

  • James Sales Elementary School
  • Morris Ford Mid Middle School
  • Franklin-Pierce High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Armour Add Condos
  • Parkland Subdivision

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 2240004620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,821

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1962
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Armour Add
  • New Construction: No
  • CalculatedSquareFootage: 2400
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Corner Lot, Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • SewerCompany: Pierce County
  • WaterCompany: Parkland Light & Water
  • WaterSewerGarbage: 5134

Schools

  • Junior High Dist: Franklin Pierce
  • High School: Franklin-Pierce High
  • Middle Or Junior School: Morris Ford Mid

Lot Info

  • Parcel Number: 2240004620
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Patio
  • MLSLotSizeSource: Pierce County Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential
  • LotNumber: 21

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3520

Multi Family

  • Gross Scheduled Income: 42240
  • Net Operating Income: 32317
  • Number Of Units Total: 4
  • Insurance Expense: 968
  • Leasable Area: 2400
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2018
  • Tax Annual Amount: 3821

MLS Schools

  • Elementary School: James Sales Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2019
Closed on
Aug 31, 2019
Sold by
Schoop Robert A
Bought by
Perez Michael Anthony and Perez Donna Marie
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
David Thelin
Windermere Northwest Living
List Price
$480,000
Sold Price
$466,500
Premium/Discount to List
-$13,500
-2.81%
Current Estimated Value
$692,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,610
Avg. Annual Appreciation
6.62%

Purchase Details

Closed on
Feb 26, 2001
Sold by
Schoop John H
Bought by
Schoop Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,105
Interest Rate
6.98%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Perez Michael Anthony $517,062 Fidelity National Title
Schoop Robert A $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schoop Robert A $81,105
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2019 09/03/19 Sold $466,500 -2.8% $194 / Sq Ft
08/20/2019 08/20/19 Pending -- -- --
05/02/2019 05/02/19 For Sale $480,000 -- $200 / 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
2025 $5,694 $531,300 $185,500 $345,800
2024 $5,694 $538,200 $169,500 $368,700
2023 $5,694 $497,000 $163,700 $333,300
2022 $5,630 $529,100 $169,300 $359,800
2021 $5,164 $395,400 $112,200 $283,200
2019 $3,821 $348,100 $92,900 $255,200
2018 $4,380 $301,000 $79,300 $221,700
2017 $3,980 $262,300 $51,600 $210,700
2016 $3,561 $206,500 $44,900 $161,600
2014 $3,125 $191,100 $41,300 $149,800
2013 $3,125 $145,400 $37,700 $107,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1450081

Northwest Multiple Listing Service (NWMLS)

APN: 224000-4620