Listed by Windermere Prof Partners, Bought with RE/MAX Integrity
NOT LISTED FOR SALE

16020 38th Ave E Tacoma, WA 98446

Estimated Value: $516,000 - $740,000

4 Beds
4 Baths
2,520 Sq Ft
$263/Sq Ft Est. Value

Last Sold April 06, 2022

Last sale price $620,000 $246 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,032/month

1 Day on Market

Highlights

  • 0.81 Acre Lot
  • Territorial View
  • Property is in very good condition
  • Deck
  • No HOA
  • Partially Fenced Property

About This Home

As of April 2022

Updated and ready for your rental portfolio - and less than 20 minutes away from JBLM! Enjoy quiet living on your almost-acre homestead, with each unit featuring vaulted ceilings, and a main floor primary suite with a spacious deck looking out to the yard. Roof is brand new, as are electrical panels, gutters, and flooring. Unit B has been completely renovated. Unit A is partially updated but otherwise perfectly clean. Vacant units means you can start renting at market rates right away. Take advantage of the appreciating Pierce County rental market with this quality duplex!

Last Agent to Sell the Property

Anders Ibsen

Windermere Prof Partners License #21033248 Listed on: 03/10/2022

Windermere Prof Partners

Last Buyer's Agent

Nona Adams

RE/MAX Integrity License #51002

RE/MAX Integrity

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1899110

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,627

Year Built

  • Built in 1978

Lot Details

  • 0.81 Acre Lot
  • Partially Fenced Property
  • Value in Land
  • Property is in very good condition

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,520 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0319265006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,627

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1978
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2520
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: You deserve it!
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential, See Remarks
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved, Value In Land
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electric
  • PowerCompany: Puget Sound Energy
  • SewerCompany: Septic
  • WaterCompany: Spanaway Water

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 0319265006
  • Lot Size Acres: 0.8115
  • Lot Size Sq Ft: 35350
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: County Assessor
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential,See Remarks

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 3340

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5627

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric
  • UnitsBelowGrade: false

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2022
Closed on
Mar 31, 2022
Sold by
Larson Steven B
Bought by
Baror Yifat and Baror Ran
Seller's Agent
Anders Ibsen
Windermere Prof Partners
Buyer's Agent
Nona Adams
RE/MAX Integrity
List Price
$595,000
Sold Price
$620,000
Premium/Discount to List
$25,000
4.2%
Current Estimated Value
$662,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,569
Avg. Annual Appreciation
1.88%
Original Mortgage
$465,000
Outstanding Balance
$435,093
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$227,476
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
Baror Yifat $619,719 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baror Yifat $465,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2022 04/06/22 Sold $620,000 +4.2% $246 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
03/10/2022 03/10/22 For Sale $595,000 -- $236 / 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 $6,763 $593,700 $256,100 $337,600
2024 $6,763 $642,100 $241,500 $400,600
2023 $6,763 $585,900 $220,000 $365,900
2022 $6,168 $557,300 $222,500 $334,800
2021 $5,572 $396,700 $142,600 $254,100
2019 $3,845 $356,600 $114,100 $242,500
2018 $4,396 $315,000 $105,900 $209,100
2017 $4,211 $282,100 $97,000 $185,100
2016 $3,881 $252,800 $77,400 $175,400
2014 $3,580 $231,400 $68,700 $162,700
2013 $3,580 $212,200 $57,200 $155,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1899110

Northwest Multiple Listing Service (NWMLS)

APN: 031926-5006