NOT LISTED FOR SALE

Estimated Value: $893,000 - $906,515

5 Beds
4 Baths
2,756 Sq Ft
$326/Sq Ft Est. Value

Last Sold January 11, 2019

Last sale price $825,000 $299 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,577/month

146 Days on Market

About This Home

As of January 2019

The building offers a new owner the opportunity to purchase a turnkey condo quality renovated building with in-unit washer/dryers. They spared no cost with the renovation: brand new roof, electrical, all new interiors, new sewer main, etc. Located across the street from MultiCare Tacoma General Hospital, tenants in the building enjoy
the central location close to restaurants, UPS, Downtown Tacoma and much more.

Last Listed By

Kelly Hendrickson

Better Properties Summit License #24593 Listed on: 05/29/2018

Better Properties Summit

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1301417

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,919

Year Built

  • Built in 1955

Lot Details

  • 6,500 Sq Ft Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2,756 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Parking

  • 4 Parking Spaces
  • Open Parking

Community Details

  • Stadium District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2034260093

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,919

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1955
  • Buyer Agency Compensation: **2.5**
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2756
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 415

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Forced Air, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Brick
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 3000

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2034260093
  • Lot Size Acres: 0.1492
  • Lot Size Sq Ft: 6500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: PC Assessor
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 45820

Multi Family

  • Gross Scheduled Income: 59200
  • Net Operating Income: 43613
  • Number Of Units Total: 4
  • Insurance Expense: 800
  • Leasable Area: 2756
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2018
  • Tax Annual Amount: 6919

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2025
Sold by
C Street Apartments Llc
Bought by
Wang Yan and Chen Qian
Total Days on Market
146
Current Estimated Value
$899,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$676,500
Outstanding Balance
$676,500
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$266,476

Purchase Details

Closed on
Feb 11, 2020
Sold by
Reesing Teresa Lee
Bought by
C Street Apartments Llc

Purchase Details

Listed on
May 29, 2018
Closed on
Jan 10, 2019
Sold by
1307 Investment Homes Llc
Bought by
Reesing Teresa Lee
Seller's Agent
Kelly Hendrickson
Better Properties Summit
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.10%
Original Mortgage
$577,500
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2017
Sold by
Linden Gilbert and Linden Rhea
Bought by
1307 Investment Homes Llc
Source: Public Records

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Range of Values:

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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
Wang Yan $902,000 Equity Title Of Washington
C Street Apartments Llc -- None Available
Reesing Teresa Lee $825,000 First American Title
1307 Investment Homes Llc $394,319 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Yan $676,500
Previous Owner Reesing Teresa Lee $593,000
Previous Owner Reesing Teresa Lee $577,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2019 01/11/19 Sold $825,000 -2.9% $299 / Sq Ft
10/22/2018 10/22/18 Pending -- -- --
10/20/2018 10/20/18 For Sale $850,000 0.0% $308 / Sq Ft
10/12/2018 10/12/18 Pending -- -- --
07/25/2018 07/25/18 Price Changed $850,000 -5.6% $308 / Sq Ft
06/25/2018 06/25/18 For Sale $900,000 0.0% $327 / Sq Ft
06/19/2018 06/19/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $900,000 -- $327 / 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
2024 $9,627 $915,700 $339,000 $576,700
2023 $9,627 $865,700 $302,200 $563,500
2022 $8,759 $880,000 $348,200 $531,800
2021 $8,521 $678,800 $230,700 $448,100
2019 $6,421 $562,100 $191,500 $370,600
2018 $6,919 $494,500 $169,700 $324,800
2017 $6,049 $438,400 $147,800 $290,600
2016 $5,956 $349,200 $101,900 $247,300
2014 $5,069 $342,900 $95,400 $247,500
2013 $5,069 $315,900 $80,500 $235,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1301417

Northwest Multiple Listing Service (NWMLS)

APN: 203426-0093