NOT LISTED FOR SALE

Estimated Value: $960,000 - $1,113,132

4 Beds
4 Baths
2,872 Sq Ft
$356/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $645,000 $225 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,378/month

24 Days on Market

Highlights

  • Ocean View
  • Deck
  • Corner Lot
  • Lowell Elementary School Rated A-
  • Wood Flooring
  • Patio

About This Home

As of July 2018

Beautifully maintained historic craftsman 4-Plex in North Slope. Enjoy amazing views of the Sound and Olympics from two units, and wrap around front porch. Huge corner lot, detached 3 car garage, & basement garage gives each unit their own parking spot or rent out for addl cash flow. Huge basement laundry& storage area. Original hardwoods. Current rents are under market with long term tenants in 2 units. Huge potential for good cash flow! Minutes to shopping, hospitals, schools, fwys, bus lines.

Last Buyer's Agent

Jaron Witsoe

COMPASS License #124950

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1295302

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,719

Year Built

  • Built in 1909

Lot Details

  • 6,000 Sq Ft Lot
  • Corner Lot
  • Property is in good condition

Property Views

  • Ocean Views
  • Views of a Sound

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 2,872 Sq Ft Home
  • 2-Story Property

Flooring

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

Parking

  • 4 Parking Spaces
  • 4 Covered Spaces

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

  • Radiator
  • Cable TV Available

Community Details

  • North Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2041220010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,719

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1909
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2872
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour
  • Cumulative Days on Market: 379

Interior Features

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

Exterior Features

  • Roof: Composition, Torch Down
  • View: Ocean, Sound
  • Lot Features: Corner Lot, Curbs, Paved
  • 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: 4
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 7290

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Fee Information

  • Annual Fuel Expense: 1

Schools

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

Lot Info

  • Parcel Number: 2041220010
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Outbuildings,Patio
  • MLSLotSizeSource: Realist Buyer to Verify
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 25
  • LeasedItems: None
  • TotalMonthlyIncome: 2125

Multi Family

  • Gross Scheduled Income: 24750
  • Net Operating Income: 4943
  • Number Of Units Total: 4
  • Electric Expense: 1
  • Insurance Expense: 2018
  • Leasable Area: 2794
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 75

Tax Info

  • Year: 2017
  • Tax Annual Amount: 7719

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2018
Closed on
Jul 17, 2018
Sold by
Newby Michael Alan
Bought by
Dang Duc Tan and Huynh Laurie T
Buyer's Agent
Jaron Witsoe
COMPASS
List Price
$625,000
Sold Price
$645,000
Premium/Discount to List
$20,000
3.2%
Current Estimated Value
$1,023,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$378,533
Avg. Annual Appreciation
6.67%
Original Mortgage
$491,000
Outstanding Balance
$423,485
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$599,916

Purchase Details

Closed on
Feb 10, 2004
Sold by
Oye Deborah T
Bought by
Newby Michael Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,600
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 1998
Sold by
Ermisch John George and Ermisch Ingelen Ricarda
Bought by
Oye Johan and Oye Deborah

Purchase Details

Closed on
Dec 11, 1995
Sold by
Oye Johan
Bought by
Oye Deborah T
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
Dang Duc Tan $644,719 First American Title
Newby Michael Alan $367,000 Rainier Title Company
Oye Johan $52,000 Commonwealth Title Co
Oye Deborah T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dang Duc Tan $491,000
Previous Owner Newby Michael Alan $424,000
Previous Owner Newby Michael Alan $293,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $645,000 +3.2% $225 / Sq Ft
06/15/2018 06/15/18 Pending -- -- --
06/14/2018 06/14/18 For Sale $625,000 0.0% $218 / Sq Ft
05/31/2018 05/31/18 Pending -- -- --
05/22/2018 05/22/18 For Sale $625,000 -- $218 / 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 $10,125 $984,100 $408,400 $575,700
2024 $10,125 $985,400 $383,400 $602,000
2023 $10,125 $910,500 $341,700 $568,800
2022 $9,149 $949,000 $392,600 $556,400
2021 $9,079 $723,300 $260,100 $463,200
2019 $8,199 $678,400 $216,000 $462,400
2018 $8,768 $631,700 $191,400 $440,300
2017 $7,719 $555,700 $166,200 $389,500
2016 $7,574 $451,700 $114,600 $337,100
2014 $6,428 $436,100 $107,200 $328,900
2013 $6,428 $400,700 $90,400 $310,300
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1295302

Northwest Multiple Listing Service (NWMLS)

APN: 204122-0010