NOT LISTED FOR SALE

Estimated Value: $1,141,185 - $1,227,000

5 Beds
5 Baths
2,545 Sq Ft
$465/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $510,000 $200 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $7,010/month

39 Days on Market

Highlights

  • Corner Lot
  • Patio
  • Property is in very good condition
  • Lowell Elementary School Rated A-
  • Ceramic Tile Flooring
  • Partially Fenced Property

About This Home

As of March 2016

Historic 4-plex located in the popular North Slope area, close to hospitals and vibrant 6th Avenue restaurants and shops. All updated units in great condition that keep the historic charm and character. Popular location results in low vacancy and long-term tenants. Rents are lower compared to current market. Units are separately metered. This is a great investment in a desirable part of Tacoma. Tenants enjoy a newly converted attic common space to relax and entertain guest.

Last Buyer's Agent

Anita Maxwell

Homes & Equity Real Estate Grp License #83883

Homes & Equity Real Estate Grp

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 886539

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,163

Year Built

  • Built in 1910

Lot Details

  • 5,100 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in very good condition

Home Design

  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 3 Parking Spaces
  • 1 Covered Space
  • Open Parking

Utilities

  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • 3-Story Property
  • Patio

Community Details

  • Map Of New Tacoma Condos
  • North Tacoma Subdivision

Listing and Financial Details

  • Legal Lot and Block 10,11,12 / 3423
  • Assessor Parcel Number 2034230070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,163

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1910
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Map of New Tacoma
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Tacoma
  • SewerCompany: Tacoma
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 9294

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2034230070
  • Lot Size Acres: 0.1171
  • Lot Size: 5227
  • Lot Size Sq Ft: 5100
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family
  • LotNumber: 10,11,12

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 3810

Multi Family

  • Gross Scheduled Income: 45720
  • Net Operating Income: 24229
  • Number Of Units Total: 4
  • Electric Expense: 2262
  • Insurance Expense: 2772
  • Leasable Area: 3400
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 6163

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2020
Sold by
Cavalcante Madeline
Bought by
Cavalcante Ryan
Current Estimated Value
$1,184,093

Purchase Details

Closed on
Apr 20, 2017
Sold by
Cavalcante Madeline J and Cavalcante Ryan N
Bought by
Cavalcante 1 Llc

Purchase Details

Listed on
Jan 21, 2016
Closed on
Mar 26, 2016
Sold by
Libby Todd W
Bought by
Cavalcante Madeline J and Cavalcante Ryan N
Buyer's Agent
Anita Maxwell
Homes & Equity Real Estate Grp
List Price
$510,000
Sold Price
$510,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%
Original Mortgage
$382,500
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 2006
Sold by
Postively 4Th Street Llc
Bought by
Libby Todd W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2006
Sold by
Miller Kenneth
Bought by
Positively 4Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 2005
Sold by
Greer Jane E
Bought by
Miller Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
6.02%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 23, 1994
Sold by
The Craker Family Trust
Bought by
Greer Jane E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,849
Interest Rate
6.98%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cavalcante Ryan -- None Available
Cavalcante 1 Llc -- None Available
Cavalcante Madeline J $509,719 Cw Title
Libby Todd W $500,000 Ticor Title Company
Positively 4Th Street Llc -- None Available
Miller Kenneth $275,000 Ticor Title Escrow
Greer Jane E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cavalcante Madeline J $382,500
Previous Owner Libby Todd W $476,900
Previous Owner Libby Todd W $464,000
Previous Owner Libby Todd W $375,000
Previous Owner Libby Todd W $100,000
Previous Owner Positively 4Th Street Llc $70,000
Previous Owner Miller Kenneth R $160,000
Previous Owner Miller Ken $50,000
Previous Owner Miller Kenneth R $142,000
Previous Owner Miller Kenneth $220,000
Previous Owner Greer Jane E $82,849
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2016 03/31/16 Sold $510,000 0.0% $200 / Sq Ft
03/01/2016 03/01/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $510,000 -- $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 $8,426 $835,000 $343,300 $491,700
2024 $8,426 $823,100 $322,200 $500,900
2023 $8,426 $757,600 $287,200 $470,400
2022 $7,460 $773,500 $328,100 $445,400
2021 $7,294 $580,900 $217,400 $363,500
2019 $6,493 $535,700 $180,500 $355,200
2018 $7,231 $500,100 $159,900 $340,200
2017 $6,279 $458,200 $137,900 $320,300
2016 $6,163 $367,400 $95,100 $272,300
2014 $5,209 $354,800 $89,000 $265,800
2013 $5,209 $326,600 $75,100 $251,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 886539

Northwest Multiple Listing Service (NWMLS)

APN: 203423-0070