NOT LISTED FOR SALE

Estimated Value: $420,000 - $497,000

2 Beds
2 Baths
1,540 Sq Ft
$302/Sq Ft Est. Value

Last Sold July 17, 2019

Last sale price $288,000 $187 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,951/month

2 Days on Market

Highlights

  • Territorial View
  • Thermal Windows
  • Partially Fenced Property
  • Stadium High School Rated A-
  • High Speed Internet
  • 4-minute walk to Peoples Park

About This Home

As of July 2019

Great opportunity for owner occupied investor to offset their overhead or investor adding to their portfolio. Location is close to the city & hospital work zones for tenants & the developing Hilltop district with it's bustling district. Great access for commuters. 2 bed/1 bath units with a basement for storage. Fenced side yard for raised bed gardening or outdoor seating. One side currently vacant for owner occupied buyers. Rare to get into multi family properties in this price point.

Last Listed By

Michael McNiel

Engel & Voelkers Chambers Bay License #23756 Listed on: 06/10/2019

Engel & Voelkers Chambers Bay

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1472147

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,374

Year Built

  • Built in 1890

Lot Details

  • 2,500 Sq Ft Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Laminate
  • Vinyl

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Central Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2008260010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,374

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1890
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 260

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 4467

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2008260010
  • Lot Size Acres: 0.0574
  • Lot Size Sq Ft: 2500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: realist
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 21
  • LeasedItems: None
  • TotalMonthlyIncome: 1970

Multi Family

  • Gross Scheduled Income: 23640
  • Net Operating Income: 13359
  • Number Of Units Total: 2
  • Electric Expense: 2500
  • Insurance Expense: 940
  • Leasable Area: 1540
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2019
  • Tax Annual Amount: 2374

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2019
Closed on
Jul 11, 2019
Sold by
Sweeney Aaron J
Bought by
Peterson Justin
Seller's Agent
Michael McNiel
Engel & Voelkers Chambers Bay
Buyer's Agent
Christopher Seim
eXp Realty
List Price
$288,000
Sold Price
$288,000
Total Days on Market
2
Current Estimated Value
$465,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,504
Avg. Annual Appreciation
7.91%
Original Mortgage
$294,192
Outstanding Balance
$260,481
Interest Rate
3.82%
Mortgage Type
VA
Estimated Equity
$189,119

Purchase Details

Listed on
Jun 10, 2019
Closed on
Jul 1, 2019
Sold by
Jones Melanie and Peterson Justin
Bought by
Peterson Justin
Seller's Agent
Michael McNiel
Engel & Voelkers Chambers Bay
Buyer's Agent
Christopher Seim
eXp Realty
List Price
$288,000
Sold Price
$288,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,192
Outstanding Balance
$260,481
Interest Rate
3.82%
Mortgage Type
VA
Estimated Equity
$189,119

Purchase Details

Closed on
Dec 7, 2005
Sold by
Sweeney Krista L
Bought by
Sweeney Aaron J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,250
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 25, 2005
Sold by
Martin Luther King Housing Development A
Bought by
Lindsey Christopher M and Lindsey Christina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,800
Interest Rate
8.05%
Mortgage Type
Purchase Money Mortgage

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
Peterson Justin $288,000 Attorneys Title
Peterson Justin -- Attorneys Title
Sweeney Aaron J -- First American Title Ins Co
Sweeney Aaron J $183,000 First American Title Ins Co
Lindsey Christopher M $146,000 Lawyers Title Agency Of Sout
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Justin $294,192
Previous Owner Sweeney Aaron J $116,500
Previous Owner Sweeney Aaron J $137,250
Previous Owner Sweeney Aaron J $27,450
Previous Owner Lindsey Christopher M $116,800
Closed Lindsey Christopher M $29,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2019 07/17/19 Sold $288,000 0.0% $187 / Sq Ft
06/12/2019 06/12/19 Pending -- -- --
06/10/2019 06/10/19 For Sale $288,000 -- $187 / 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 $4,291 $424,200 $202,500 $221,700
2023 $4,291 $385,300 $191,800 $193,500
2022 $3,496 $377,400 $175,600 $201,800
2021 $3,221 $256,000 $90,900 $165,100
2019 $2,373 $216,400 $72,300 $144,100
2018 $2,536 $182,300 $63,400 $118,900
2017 $2,168 $160,300 $44,000 $116,300
2016 $1,936 $116,800 $30,800 $86,000
2014 $1,880 $111,200 $31,700 $79,500
2013 $1,880 $101,400 $31,700 $69,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1472147

Northwest Multiple Listing Service (NWMLS)

APN: 200826-0010