Listed by Vizor Realty, Bought with Aqua
NOT LISTED FOR SALE

Estimated Value: $429,100 - $608,000

4 Beds
2 Baths
1,280 Sq Ft
$412/Sq Ft Est. Value

Last Sold November 29, 2018

Last sale price $319,000 $249 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,213/month

2 Days on Market

Highlights

  • Partially Fenced Property
  • Wood Siding
  • 2-minute walk to Peoples Park
  • Stadium High School Rated A-
  • Wall to Wall Carpet

About This Home

As of November 2018

Great investment opportunity in central Hilltop location. Solid cash-flowing property with years of rental history. Walking distance to downtown, restaurants, I-5, Tacoma General Hospital, and much more. Full, turn-key rehab completed in 2012, new roof in 2017. Each unit is 2bd/1ba and has had a full interior rehab, w/d in units. This is turnkey!

Last Agent to Sell the Property

Jessica Motais de Narbonne

Vizor Realty License #133727 Listed on: 10/19/2018

Vizor Realty

Co-Listed By

Erik Trefzger

Vizor Realty License #121951

Last Buyer's Agent

David Law

Aqua License #129382

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1376425

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,959

Year Built

  • Built in 1890 | Remodeled

Lot Details

  • 1,800 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,280 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Schools

  • Bryant Elementary School
  • Stadium High School

Community Details

  • Hilltop Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2008230040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,959

Year Built

Built in 1890 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1890
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1280
  • Special Features: None
  • Cumulative Days on Market: 357

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Block
  • Property Condition: Remodeled
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 2400

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

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

Lot Info

  • Parcel Number: 2008230040
  • Lot Size Acres: 0.0413
  • Lot Size Sq Ft: 1800
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Public Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2100

Multi Family

  • Gross Scheduled Income: 25200
  • Net Operating Income: 20241
  • Number Of Units Total: 2
  • Insurance Expense: 600
  • Leasable Area: 1280
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2017
  • Tax Annual Amount: 1959

MLS Schools

  • Elementary School: Bryant

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2019
Sold by
Rezin Hanna and Husain Azam
Bought by
Highlands Partners 1 Llc
Current Estimated Value
$527,775

Purchase Details

Listed on
Oct 19, 2018
Closed on
Nov 26, 2018
Sold by
Mehta Pina and Mehta Tejas
Bought by
Mehta Tejas
Seller's Agent
Jessica Motais de Narbonne
Vizor Realty
Buyer's Agent
David Law
Aqua
List Price
$319,000
Sold Price
$319,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%
Original Mortgage
$236,250
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 19, 2018
Closed on
Nov 20, 2018
Sold by
Denarbonne Jessica Motais
Bought by
Rezin Hanna and Husain Azam
Seller's Agent
Jessica Motais de Narbonne
Vizor Realty
Buyer's Agent
David Law
Aqua
List Price
$319,000
Sold Price
$319,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2016
Sold by
Denarbonne Jessica Motais
Bought by
Denarbonne Jessica Motais and 1114 S 8Th St Trust

Purchase Details

Closed on
Dec 18, 2012
Sold by
Trefzger Erik
Bought by
Motals Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 31, 2012
Closed on
Oct 16, 2012
Sold by
Trefzger Erik
Bought by
Denarbonne Jessica Motais
List Price
$108,000
Sold Price
$90,000
Premium/Discount to List
-$18,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.75%

Purchase Details

Listed on
Aug 31, 2012
Closed on
Oct 15, 2012
Sold by
Fannie Mae
Bought by
Denarbonne Jessica Motais
List Price
$108,000
Sold Price
$90,000
Premium/Discount to List
-$18,000
-16.67%

Purchase Details

Closed on
Jul 10, 2012
Sold by
Bindman Stephen S
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 9, 2005
Sold by
Rashidi Rayford Jabari
Bought by
Bindman Stephen S and Bindman Terry H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.9%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 5, 2005
Sold by
Wachovia Bank Na
Bought by
Rashidi Rayford Jabari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2004
Sold by
Theodore Thomas and Theodore Yolanda
Bought by
Wachovia Bank Na and Long Beach Mortgage Loan Trust 2001-4

Purchase Details

Closed on
Oct 13, 2001
Sold by
Loiselle Roger and Loiselle Margaret
Bought by
Theodore Thomas and Theodore Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,750
Interest Rate
11.25%

Purchase Details

Closed on
Oct 5, 2001
Sold by
Tarver Gary and Tarver Diane
Bought by
Loiselle Roger and Loiselle Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,750
Interest Rate
11.25%
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
Highlands Partners 1 Llc -- None Available
Mehta Tejas -- Attorneys Title
Rezin Hanna $371,124 Attorneys Title
Denarbonne Jessica Motais -- None Available
Motals Jessica -- First American Title Ins Co
Denarbonne Jessica Motais -- Chicago Title
Denarbonne Jessica Motais $90,000 Chicago Title
Federal National Mortgage Association -- None Available
Bindman Stephen S $165,000 Fidelity National Title Insu
Rashidi Rayford Jabari $137,000 --
Wachovia Bank Na $104,414 1St Am
Theodore Thomas $131,464 Chicago Title Insurance Comp
Loiselle Roger $46,200 Chicago Title Insurance Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rezin Hanna $236,250
Previous Owner Denarbonne Jessica Motais $479,000
Previous Owner Motals Jessica $80,500
Previous Owner Bindman Stephen S $130,000
Previous Owner Rashidi Rayford Jabari $109,600
Previous Owner Theodore Thomas $84,750
Closed Theodore Thomas $28,250
Closed Rashidi Rayford Jabari $27,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2018 11/29/18 Sold $319,000 0.0% $249 / Sq Ft
10/21/2018 10/21/18 Pending -- -- --
10/19/2018 10/19/18 For Sale $319,000 +254.4% $249 / Sq Ft
10/18/2012 10/18/12 Sold $90,000 -16.7% $70 / Sq Ft
10/08/2012 10/08/12 Pending -- -- --
09/01/2012 09/01/12 For Sale $108,000 -- $84 / 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 $4,046 $393,000 $202,900 $190,100
2024 $4,046 $385,000 $197,000 $188,000
2023 $4,046 $363,200 $186,500 $176,700
2022 $3,407 $354,600 $162,100 $192,500
2021 $3,071 $244,000 $83,900 $160,100
2019 $2,229 $225,000 $66,700 $158,300
2018 $2,157 $171,200 $58,500 $112,700
2017 $1,848 $136,300 $40,000 $96,300
2016 $1,660 $100,800 $28,000 $72,800
2014 $1,493 $95,300 $28,900 $66,400
2013 $1,493 $89,500 $28,900 $60,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1376425

Northwest Multiple Listing Service (NWMLS)

APN: 200823-0040