NOT LISTED FOR SALE

1215 116th St S Tacoma, WA 98444

Estimated Value: $413,000 - $534,000

4 Beds
2 Baths
1,350 Sq Ft
$348/Sq Ft Est. Value

Last Sold December 30, 2014

Last sale price $110,000 $81 Per Sq Ft

Est. 327% increase in value since last sale

Current estimated payment $2,870/month

248 Days on Market

Highlights

  • RV Access or Parking
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of December 2014

Great investment property. Brick duplex is walking distance to PLU, Bases and freeways. Both sides have a fireplace. Rents low, should be about $850.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,524

Year Built

  • Built in 1957

Lot Details

  • 7,492

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 1,350 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Outbuilding

Community Details

  • Parkland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3100000160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,524

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1957
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1350
  • Special Features: 12

Interior Features

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

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Duplex

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Parkland light Water
  • SewerCompany: Pierce County
  • WaterCompany: Parkland Light Water
  • WaterSewerGarbage: 0

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 3100000160
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Outbuildings,RV Parking
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 1350

Tax Info

  • Year: 2013
  • Tax Annual Amount: 2524

Multi Family

  • Number Of Units Total: 1
  • Leasable Area: 1350
  • UnitsBelowGrade: false
  • VacancyRate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2014
Closed on
Dec 23, 2014
Sold by
Moen Bruce R
Bought by
Gill Balwinder K and Gill Chamkaur S
List Price
$119,950
Sold Price
$110,000
Premium/Discount to List
-$9,950
-8.3%
Current Estimated Value
$469,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,457
Avg. Annual Appreciation
13.86%

Purchase Details

Closed on
May 4, 2012
Sold by
Keller Thomas M
Bought by
Moen Bruce and Estate Of Kathryne T Favors Reinholm

Purchase Details

Closed on
Jan 23, 2007
Sold by
Favors Kathryne L
Bought by
Reinholm Kathryne T and Favors John S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,400
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2006
Sold by
Nguyen Hien
Bought by
Favors Kathryne L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,400
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2006
Sold by
Taylor James E
Bought by
Nguyen Hien

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,400
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2005
Sold by
Clifton 116Th St Land Trust
Bought by
Taylor James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,199
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 24, 2005
Sold by
Clifton 116Th St Land Trust
Bought by
Taylor James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,199
Interest Rate
7%
Mortgage Type
Seller Take Back
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
Gill Balwinder K $109,719 Wfg National Title Company
Moen Bruce -- Wfg
Reinholm Kathryne T -- Stewart Title Of Washington
Favors Kathryne L $218,000 Fidelity Natl Title Ins Co
Nguyen Hien $199,250 First American Title Ins Co
Taylor James E $142,374 First American Title Ins Co
Taylor James E $142,374 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Favors Kathryne L $174,400
Previous Owner Nguyen Hien $159,400
Previous Owner Taylor James E $121,199
Previous Owner Taylor James E $19,925
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2014 12/30/14 Sold $110,000 -8.3% $81 / Sq Ft
12/08/2014 12/08/14 Pending -- -- --
04/03/2014 04/03/14 For Sale $119,950 -- $89 / 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 $4,430 $429,600 $195,700 $233,900
2024 $4,430 $426,500 $176,800 $249,700
2023 $4,430 $380,300 $154,700 $225,600
2022 $3,992 $397,200 $154,700 $242,500
2021 $3,653 $271,700 $89,700 $182,000
2019 $2,896 $231,500 $76,000 $155,500
2018 $3,253 $222,200 $68,200 $154,000
2017 $3,005 $190,000 $57,200 $132,800
2016 $2,847 $169,000 $43,500 $125,500
2014 $2,405 $150,100 $42,600 $107,500
2013 $2,405 $128,800 $37,300 $91,500
Source: Public Records

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 614474

Northwest Multiple Listing Service (NWMLS)

APN: 310000-0160