Listed by TS Property Management, Bought with Dale Walters Real Estate
NOT LISTED FOR SALE
-- Bed
-- Bath
11,520 Sq Ft
1.03 Acre Lot

Sale Details

Date Sold: December 15, 2022

Last sale price $2,050,000 $178 Per Sq Ft

19 Days on Market

Highlights

  • 1.03 Acre Lot
  • Property is near a preserve or public land
  • Wall to Wall Carpet
  • No HOA
  • Wood Siding
  • 1-Story Property

About This Home

As of December 2022

16 unit mixed use multi-family investment. Four buildings in two rectangular lots totaling over an acre. Twelve (12) two-bedroom units and four commercial units facing Pacific Ave. Well situated on the signalized corner of 166th with Starbucks and Burger King. Ideal for redevelopment with strong cash flow with room for improvements by restoring the commercial building that is currently vacant. Most of the tenants are long term.

Last Agent to Sell the Property

Brian Shin

TS Property Management License #21110 Listed on: 08/28/2022

Co-Listed By

Francie Zanuzoski

John L. Scott R.E.Tacoma North License #5079

Last Buyer's Agent

Mike Leybourne

Dale Walters Real Estate License #20110947

Dale Walters Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1989142

Northwest Multiple Listing Service (NWMLS)
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,018

Year Built

  • Built in 1966

Lot Details

  • 1.03 Acre Lot
  • Property is in average condition

Parking

  • Open Parking

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 11,520 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Spanaway Subdivision
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 5025001944

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,018

Year Built

Built in 1966

Lot Details

1.03 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1966
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Multi Family
  • CalculatedSquareFootage: 11520
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Adjacent to Public Land, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Average

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 30

Utilities

  • Sewer: Septic Tank
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: Elmhurst
  • SewerCompany: Septic
  • WaterCompany: Spanaway Water

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 5025001944
  • Lot Size Acres: 1.0262
  • Lot Size Sq Ft: 44700
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Pierce County
  • ZoningJurisdiction: County
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8.66
  • LeasedItems: None
  • TotalMonthlyIncome: 19236

Tax Info

  • Year: 2022
  • Tax Annual Amount: 22018
  • AdditionalTaxIds: 5025001945

Multi Family

  • Number Of Units Total: 16
  • Electric Expense: 1052
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2022
Closed on
Dec 12, 2022
Sold by
Bought by
Seller's Agent
Brian Shin
TS Property Management
Buyer's Agent
Mike Leybourne
Dale Walters Real Estate
List Price
$1,999,000
Sold Price
$2,050,000
Premium/Discount to List
$51,000
2.55%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,537,500
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 14, 2020
Closed on
Nov 5, 2020
Sold by
Bought by
Seller's Agent
Rick Mouw
RE/MAX Northwest
Buyer's Agent
Francie Zanuzoski
John L. Scott R.E.Tacoma North
List Price
$1,595,000
Sold Price
$1,575,000
Premium/Discount to List
-$20,000
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
2.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 30, 2019
Sold by
Bought by

Purchase Details

Closed on
Aug 16, 2018
Sold by
Bought by

Purchase Details

Closed on
Jun 3, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Rainier Title Company
-- Aegis Land Title Group
$1,575,000 First Amer Ttl Ins Co Natl C
-- Accommodation
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,537,500
Previous Owner $637,500
Previous Owner $975,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2022 12/15/22 Sold $2,050,000 +2.6% $178 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
08/28/2022 08/28/22 For Sale $1,999,000 +26.9% $174 / Sq Ft
11/06/2020 11/06/20 Sold $1,575,000 -1.3% $137 / Sq Ft View Prior Sale
08/20/2020 08/20/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $1,595,000 -- $138 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,996 $999,200 $510,600 $488,600
2024 $11,996 $1,051,700 $464,100 $587,600
2023 $11,996 $914,600 $464,100 $450,500
2022 $11,176 $914,600 $464,100 $450,500
2021 $10,482 $670,900 $328,500 $342,400
2019 $7,473 $614,200 $297,300 $316,900
2018 $8,173 $534,100 $283,200 $250,900
2017 $7,822 $464,500 $283,200 $181,300
2016 $8,292 $454,700 $307,900 $146,800
2014 $8,014 $454,700 $307,900 $146,800
2013 $8,014 $454,700 $307,900 $146,800
Source: Public Records

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1989142

Northwest Multiple Listing Service (NWMLS)
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