Listed by Real Broker LLC, Bought with John L. Scott, Inc
NOT LISTED FOR SALE

1518 6th Ave Unit A & B Tacoma, WA 98405

Hilltop Neighborhood

Estimated Value: $538,659 - $631,000

4 Beds
2 Baths
2,404 Sq Ft
$239/Sq Ft Est. Value

Last Sold July 06, 2021

Last sale price $582,000 $242 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,570/month

7 Days on Market

Highlights

  • High Speed Internet
  • Mini Split Air Conditioners
  • Wall to Wall Carpet
  • Stadium High School Rated A-

About This Home

As of July 2021

Great investment opportunity in desirable Sixth Ave District! Charming craftsman duplex located in close proximity to UPS, Downtown, and upcoming Light Rail. Spacious, two-story lower unit has 3 beds and 2 baths. Upper unit has 2 beds and 1 bath. Both include washer/dryer and designated parking down a private driveway in back. Perfect opportunity for an owner-occupied rental, as upper unit has already given notice to vacate by June 30. Remodeled in 2017, including new electrical, plumbing, siding, windows, flooring, HVAC and more!

Last Agent to Sell the Property

Katie Donaldson

Real Broker LLC License #20121600 Listed on: 05/19/2021

Real Broker LLC

Co-Listed By

Chris Murphy

COMPASS License #111144

Last Buyer's Agent

Carlos Morales

John L. Scott, Inc License #140712

John L. Scott, Inc

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1777192

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,432

Year Built

  • Built in 1904

Lot Details

  • 2,936 Sq Ft Lot
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,404 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Open Parking

Schools

  • Bryant Elementary School
  • Jasonlee Middle School
  • Stadium High School

Utilities

  • Mini Split Air Conditioners
  • High Speed Internet
  • Cable TV Available

Community Details

  • North Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 200631-002-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,432

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1904
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2404
  • Special Features: None
  • Cumulative Days on Market: 348

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Ductless HP-Mini Split, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Tacoma Public Utilities
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 1920

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Tacoma
  • High School: Stadium
  • Middle Or Junior School: JasonLee

Lot Info

  • Parcel Number: 200631-002-1
  • Lot Size Acres: 0.0674
  • Lot Size Sq Ft: 2936
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: County Record
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 2730

Multi Family

  • Gross Scheduled Income: 32769
  • Net Operating Income: 28689
  • Number Of Units Total: 2
  • Electric Expense: 116
  • Insurance Expense: 763
  • Leasable Area: 2404
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2020
  • Tax Annual Amount: 4432

MLS Schools

  • Elementary School: Bryant

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Jun 17, 2021
Sold by
S & M Real Property Investments Llc
Bought by
Lui Eric
Seller's Agent
Katie Donaldson
Real Broker LLC
Buyer's Agent
Carlos Morales
John L. Scott, Inc
List Price
$550,000
Sold Price
$582,000
Premium/Discount to List
$32,000
5.82%
Current Estimated Value
$578,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,553
Avg. Annual Appreciation
-0.14%
Original Mortgage
$571,458
Outstanding Balance
$520,752
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$58,023

Purchase Details

Closed on
Jan 22, 2021
Sold by
Meyer Brendon J
Bought by
S & M Real Property Investments Llc

Purchase Details

Closed on
Apr 28, 1981
Sold by
Williams Philip
Bought by
Williams Anna L
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
Lui Eric $582,000 Modus Title
S & M Real Property Investments Llc -- None Listed On Document
Williams Anna L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lui Eric $571,458
Previous Owner Meyer Brendon J $252,000
Previous Owner Meyer Brendon J $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2021 07/06/21 Sold $582,000 +5.8% $242 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $550,000 -- $229 / 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 $4,834 $467,500 $200,900 $266,600
2024 $4,834 $461,400 $195,000 $266,400
2023 $4,834 $434,200 $184,700 $249,500
2022 $4,687 $475,600 $173,600 $302,000
2021 $4,341 $345,300 $89,800 $255,500
2019 $3,732 $326,800 $71,500 $255,300
2018 $915 $287,100 $62,600 $224,500
2017 $3,024 $115,500 $46,000 $69,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1777192

Northwest Multiple Listing Service (NWMLS)

APN: 200631-0021