Listed by Dove Realty, Inc., Bought with Keller Williams Downtown Sea
$304,550
SOLD OCT 15, 2015

1509 E 38th St Unit 1-4 Tacoma, WA 98404

Eastside Neighborhood
-- Bed
-- Bath
3,116 Sq Ft
9,665 Sq Ft Lot

Recently Sold

$98 Per Sq Ft

2% Below List Price

About This Home

As of January 2017

Great Turn Key investment Fully Rented!
3 minutes to I-5 and Highway 7 for easy access to everything Tacoma has to offer.
Very well maintained units have all been recently updated prior to current tenants.
All 2 bedroom 1 bath units. Recent exterior paint, all entry door are keypad. NO MORE CHANGING DEAD BOLT OR KEYS.
All units have patio, extra storage, vinyl windows with new screens. All existing appliances are part of the sale.
Crawl insulation has been professionally replaced.

Last Agent to Sell the Property

Ron MC

Dove Realty, Inc. License #103452 Listed on: 09/14/2015

Last Buyer's Agent

Nicholas Vilvandre'

Keller Williams Downtown Sea License #107068

Keller Williams Downtown Sea

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 847287

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,355

Year Built

  • Built in 1980

Lot Details

  • 9,665 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,116 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Open Parking

Community Details

  • East Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 210050-004-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,355

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1980
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3116
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • PowerCompany: Tacoma PUD
  • SewerCompany: Tacoma PUD
  • WaterCompany: Tacoma PUD
  • WaterSewerGarbage: 4662

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 210050-004-0
  • Lot Size Acres: 0.2219
  • Lot Size Sq Ft: 9665
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Pierce County Records

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 3200

Multi Family

  • Gross Scheduled Income: 38400
  • Net Operating Income: 30888
  • Number Of Units Total: 4
  • Insurance Expense: 930
  • Leasable Area: 3116
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2015
  • Tax Annual Amount: 3355

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2024
Sold by
Rgl Properties Llc
Bought by
Lam Ryan
Current Estimated Value
$867,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$687,000
Outstanding Balance
$675,530
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$191,886

Purchase Details

Closed on
Jul 17, 2017
Sold by
Lin Lawrence and Chen Jessie
Bought by
Rgl Properties Llc

Purchase Details

Listed on
Nov 18, 2016
Closed on
Jan 9, 2017
Sold by
Steele Casey
Bought by
Lin Lawrence and Chen Jessie
Seller's Agent
Charles Burnett
Real Broker LLC
Buyer's Agent
Hao Dang
Windermere Real Estate/East
List Price
$370,000
Sold Price
$370,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.28%
Original Mortgage
$277,500
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 14, 2015
Closed on
Sep 30, 2015
Sold by
Wright Joyce M
Bought by
Steele Casey
Seller's Agent
Ron MC
Dove Realty, Inc.
Buyer's Agent
Nicholas Vilvandre'
Keller Williams Downtown Sea
List Price
$309,550
Sold Price
$304,550
Premium/Discount to List
-$5,000
-1.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.85%

Purchase Details

Closed on
May 28, 2008
Sold by
Wright Leonard E and Wright Joyce M
Bought by
Leonard & Joyce Wright Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2008
Sold by
Tran Huy
Bought by
Wright Leonard E and Wright Joyce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 3, 2007
Sold by
Tyler Skipper
Bought by
Tran Huy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,150
Interest Rate
6.3%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 27, 2005
Sold by
Marshall Thomas Andrew and Marshall Thomas A
Bought by
Tyler Skipper
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $810,000 Fidelity National Title
Quit Claim Deed -- Fidelity National Title
Warranty Deed $369,719 Fidelity National Title
Warranty Deed $304,269 Puget Sound Title Tacoma
Interfamily Deed Transfer -- None Available
Warranty Deed $319,000 Puget Sound Title Company
Warranty Deed $319,000 Lawyers Title Agency Of Sout
Warranty Deed $1,200,000 Lawyers Title Agency Of Sout
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $687,000 New Conventional
Previous Owner $277,500 Commercial
Previous Owner $239,000 Commercial
Previous Owner $271,150 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2017 01/12/17 Sold $370,000 0.0% $119 / Sq Ft
12/02/2016 12/02/16 Pending -- -- --
11/18/2016 11/18/16 For Sale $370,000 +21.5% $119 / Sq Ft
10/15/2015 10/15/15 Sold $304,550 -1.6% $98 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $309,550 -- $99 / 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 $7,975 $774,600 $192,600 $582,000
2024 $7,975 $754,600 $185,300 $569,300
2023 $7,975 $717,000 $172,600 $544,400
2022 $6,986 $694,000 $184,200 $509,800
2021 $6,416 $510,900 $115,100 $395,800
2019 $5,097 $426,100 $95,900 $330,200
2018 $5,051 $392,400 $76,700 $315,700
2017 $4,167 $319,900 $60,100 $259,800
2016 $3,355 $204,800 $40,300 $164,500
2014 $2,745 $193,000 $39,100 $153,900
2013 $2,745 $165,900 $34,300 $131,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 847287

Northwest Multiple Listing Service (NWMLS)

APN: 210050-0040