Listed by Better Properties N. Proctor, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

Estimated Value: $830,109 - $835,000

4 Beds
4 Baths
3,160 Sq Ft
$263/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $508,000 $161 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,046/month

102 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • 2-minute walk to Ferry Park
  • Stadium High School Rated A-
  • Thermal Windows

About This Home

As of September 2018

Well taken care of 4-plex near restaurants, UWT, hospitals, shopping, parks, and freeway. Updated in 1997 with new wiring and plumbing. Large lot with detached two car garage for additional rental income. Always fully rented. This is a great investment property.

Last Agent to Sell the Property

Cecilia Dravis

Better Properties N. Proctor License #79383 Listed on: 05/19/2018

Better Properties N. Proctor

Last Buyer's Agent

Aaron Nelson

Skyline Properties, Inc. License #127645

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1294720

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,893

Year Built

  • Built in 1895

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 50 x 130
  • Corner Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 3,160 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Cable TV Available

Community Details

  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2015270010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,893

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1895
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3160
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Hardwood, Vinyl, Carpet
  • Interior Amenities: Hardwood, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Tacoma
  • SewerCompany: Tacoma
  • WaterCompany: Tacoma

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2015270010
  • Lot Size Acres: 0.1492
  • Lot Size: 50 x 130
  • Lot Size Sq Ft: 6500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: city
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 19
  • LeasedItems: None
  • TotalMonthlyIncome: 2900

Tax Info

  • Year: 2018
  • Tax Annual Amount: 5893

Multi Family

  • Number Of Units Total: 4
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2018
Closed on
Sep 25, 2018
Sold by
Trettin Alex
Bought by
Wolfe Jaree
Seller's Agent
Cecilia Dravis
Better Properties N. Proctor
Buyer's Agent
Aaron Nelson
Skyline Properties, Inc.
List Price
$550,000
Sold Price
$508,000
Premium/Discount to List
-$42,000
-7.64%
Current Estimated Value
$823,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,688
Avg. Annual Appreciation
6.99%
Original Mortgage
$381,000
Outstanding Balance
$331,570
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$500,985

Purchase Details

Closed on
Sep 13, 2000
Sold by
Kim Chi S
Bought by
Trettin Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 1996
Sold by
T S M Developers Llc
Bought by
Kim Chi S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,100
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
May 4, 1995
Sold by
Vaughn Bay Construction Inc
Bought by
Tsm Developers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
10.5%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wolfe Jaree $507,719 Ticor Title
Trettin Alex $150,000 --
Kim Chi S $47,500 --
Tsm Developers Llc $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolfe Jaree $381,000
Previous Owner Trettin Alex $120,000
Previous Owner Kim Chi S $140,100
Previous Owner Tsm Developers Llc $37,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2018 09/28/18 Sold $508,000 -7.6% $161 / Sq Ft
08/29/2018 08/29/18 Pending -- -- --
07/14/2018 07/14/18 Price Changed $550,000 0.0% $174 / Sq Ft
07/14/2018 07/14/18 For Sale $550,000 +8.3% $174 / Sq Ft
06/09/2018 06/09/18 Off Market $508,000 -- --
05/30/2018 05/30/18 Price Changed $575,000 -8.0% $182 / Sq Ft
05/19/2018 05/19/18 For Sale $625,000 -- $198 / 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 $8,862 $950,900 $239,800 $711,100
2024 $8,862 $889,500 $232,700 $656,800
2023 $8,862 $796,800 $220,400 $576,400
2022 $8,118 $826,600 $222,000 $604,600
2021 $7,380 $587,800 $114,900 $472,900
2019 $5,920 $506,800 $91,400 $415,400
2018 $5,893 $455,900 $80,100 $375,800
2017 $5,041 $373,300 $57,800 $315,500
2016 $4,160 $256,800 $40,500 $216,300
2014 $4,250 $239,400 $41,700 $197,700
2013 $4,250 $226,900 $41,700 $185,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1294720

Northwest Multiple Listing Service (NWMLS)

APN: 201527-0010