Listed by Real Broker LLC
NOT LISTED FOR SALE

Estimated Value: $1,030,000 - $1,235,935

8 Beds
4 Baths
3,200 Sq Ft
$354/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $699,661 $219 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $6,972/month

6 Days on Market

Highlights

  • Deck
  • Territorial View
  • Patio
  • Stadium High School Rated A-
  • Wood Flooring
  • Wood Siding

About This Home

As of April 2018

4-Plex: 8.35% current cap rate. This is a solid, turn-key property generating huge cashflow ($5,050/month). All units have recently updated interiors with new appliances, fixtures and wood flooring and each has its own washer/dryer. New exterior paint and windows/doors throughout. Off-street parking for 4. Building has been meticulously maintained by same owner for 25 years. High-demand rental close to downtown, shopping, public transit, & quick access to I-5.

Last Agent to Sell the Property

Charles Burnett

Real Broker LLC License #50261 Listed on: 03/30/2018

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1265064

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,800

Year Built

  • Built in 1982

Lot Details

  • 9,750 Sq Ft Lot

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,200 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wood
  • Vinyl

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Community Details

  • New Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 201418-005-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,800

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1982
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3200
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 346

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Alley
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • 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
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 3840

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 201418-005-0
  • Lot Size Acres: 0.2238
  • Lot Size Sq Ft: 9750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Patio
  • MLSLotSizeSource: KCR
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 9
  • LeasedItems: None
  • TotalMonthlyIncome: 5050

Multi Family

  • Gross Scheduled Income: 60600
  • Net Operating Income: 49242
  • Number Of Units Total: 4
  • Insurance Expense: 900
  • Leasable Area: 3200
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2017
  • Tax Annual Amount: 4800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2018
Closed on
Apr 25, 2018
Sold by
Big Rooster Investments Llc
Bought by
Ham Duk H and Ham Hwa Y
Seller's Agent
Charles Burnett
Real Broker LLC
List Price
$590,000
Sold Price
$699,661
Premium/Discount to List
$109,661
18.59%
Current Estimated Value
$1,131,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$431,884
Avg. Annual Appreciation
6.47%
Original Mortgage
$454,780
Outstanding Balance
$393,608
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$710,797

Purchase Details

Closed on
Jun 26, 2017
Sold by
Haglund Carl R
Bought by
Big Rooster Investments Llc

Purchase Details

Closed on
Dec 6, 2016
Sold by
Zhong Lily
Bought by
Haglund Carl

Purchase Details

Closed on
Jul 20, 2014
Sold by
I Street Llc
Bought by
Zhong Lily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000
Interest Rate
4.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2006
Sold by
Columbia City Condos #1
Bought by
I Street Llc

Purchase Details

Closed on
Oct 10, 2006
Sold by
Haglund Carl
Bought by
Columbia City Condos #1 Llc

Purchase Details

Closed on
Mar 31, 2005
Sold by
Reed David Norman and Reed Barbara Ann
Bought by
Kuapahi Keane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 5, 2004
Sold by
Haglund Victor
Bought by
Haglund Carl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 1993
Sold by
Spain Caryn
Bought by
Haglund Carl
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
Ham Duk H $699,380 Fidelity National Title
Big Rooster Investments Llc -- None Available
Haglund Carl $399,719 First Amer Title Ins Co Natl
Zhong Lily $239,719 Fatco
I Street Llc -- None Available
Columbia City Condos #1 Llc -- None Available
Kuapahi Keane $158,000 Stewart Title
Haglund Carl $28,788 Pnwt
Haglund Carl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ham Duk H $454,780
Previous Owner Zhong Lily $2,000
Previous Owner Kuapahi Keane $152,000
Previous Owner Haglund Carl $196,000
Previous Owner Haglund Carl $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2018 04/30/18 Sold $699,661 +18.6% $219 / Sq Ft
04/05/2018 04/05/18 Pending -- -- --
03/30/2018 03/30/18 For Sale $590,000 -- $184 / 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 $9,329 $1,045,800 $260,600 $785,200
2024 $9,329 $935,900 $252,900 $683,000
2023 $9,329 $838,900 $239,500 $599,400
2022 $8,516 $872,300 $245,200 $627,100
2021 $7,654 $609,600 $126,900 $482,700
2019 $5,897 $515,200 $100,900 $414,300
2018 $5,668 $454,100 $88,400 $365,700
2017 $4,800 $359,000 $65,000 $294,000
2016 $4,018 $244,800 $45,500 $199,300
2014 $4,071 $231,200 $46,900 $184,300
2013 $4,071 $217,600 $46,900 $170,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1265064

Northwest Multiple Listing Service (NWMLS)

APN: 201418-0050