Listed by RSVP Brokers ERA, Bought with Real Broker LLC
NOT LISTED FOR SALE

Estimated Value: $503,000 - $656,000

4 Beds
2 Baths
1,804 Sq Ft
$317/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $480,400 $266 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,407/month

75 Days on Market

Highlights

  • Bay View
  • Secluded Lot
  • Dog Run
  • Stadium High School Rated A-
  • Vinyl Plank Flooring
  • Gated Home

About This Home

As of November 2021

Amazing cash flowing duplex located in Tax Saving Opportunity Zone fund area, Zoned “Downtown Residential,” potential to develop, add units, go up to 90 feet with limited setbacks, buyer to verify. Updated in 2018, both units have new slow close shaker cabinets, quartz counter tops, stainless steel appliances, new flooring and washer and dryer in each unit, off street parking, secure fenced entrance and back yard common area with firepit. New roof in 2018. One unit vacant for the sale, otherwise always rented. Across the street from St. Joe’s Hospital, walking distance to UW, Brewery district, Museums and public transit. Each unit individually metered for Electrical. Below Market rents, room to increase rents with no renovations.

Last Agent to Sell the Property

Andrew Young

RSVP Brokers ERA License #137893 Listed on: 07/09/2021

RSVP Brokers ERA

Last Buyer's Agent

Kelcee Williams

Real Broker LLC License #22020610

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1805166

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,454

Year Built

  • Built in 1900

Lot Details

  • 3,250 Sq Ft Lot
  • Dog Run
  • Gated Home
  • Property is Fully Fenced
  • Secluded Lot
  • Property is in good condition

Property Views

  • Bay
  • Limited

Home Design

  • Duplex
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,804 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Vinyl Plank

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 201615-001-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,454

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1900
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1804
  • Special Features: None
  • Cumulative Days on Market: 359

Interior Features

  • Possible Use: Commercial, Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank
  • Interior Amenities: Forced Air, Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Bay, Partial
  • Lot Features: Alley, Curbs, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Block, Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex
  • ConstructionMethods: Standard Frame

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Security: SecurityGate, PartiallyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 2703

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 201615-001-2
  • Lot Size Acres: 0.0746
  • Lot Size Sq Ft: 3250
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Dog Run,Fenced-Fully,Gated Entry
  • MLSLotSizeSource: Wa Assessor
  • ZoningClass: Commercial,Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 2800

Multi Family

  • Gross Scheduled Income: 32400
  • Net Operating Income: 25793
  • Number Of Units Total: 2
  • Insurance Expense: 450
  • Leasable Area: 1804
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3454

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Oct 10, 2021
Sold by
Young Andrew
Bought by
Damico Nicole
Seller's Agent
Andrew Young
RSVP Brokers ERA
Buyer's Agent
Kelcee Williams
Real Broker LLC
List Price
$475,000
Sold Price
$480,400
Premium/Discount to List
$5,400
1.14%
Current Estimated Value
$568,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,180
Avg. Annual Appreciation
4.14%
Original Mortgage
$470,814
Outstanding Balance
$432,325
Interest Rate
2.99%
Mortgage Type
FHA
Estimated Equity
$126,789

Purchase Details

Closed on
May 1, 2018
Sold by
Hallberg Nerissa
Bought by
Young Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,600
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage
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
Damico Nicole $480,400 First American Title
Young Andrew -- Ticor Title
Young Andrew $195,719 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Damico Nicole $470,814
Previous Owner Young Andrew $287,000
Previous Owner Young Andrew $284,250
Previous Owner Young Andrew $166,600
Previous Owner Post Paul W $100,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $480,400 +1.1% $266 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
09/18/2021 09/18/21 For Sale $475,000 0.0% $263 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $475,000 -- $263 / 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 $4,684 $486,000 $202,600 $283,400
2024 $4,684 $462,000 $196,700 $265,300
2023 $4,684 $420,700 $186,300 $234,400
2022 $3,738 $428,200 $177,900 $250,300
2021 $3,454 $274,600 $92,100 $182,500
2019 $2,547 $232,800 $73,300 $159,500
2018 $2,875 $195,700 $64,200 $131,500
2017 $2,456 $181,800 $56,300 $125,500
2016 $2,182 $132,300 $39,500 $92,800
2014 $2,146 $125,400 $40,600 $84,800
2013 $2,146 $116,000 $40,600 $75,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1805166

Northwest Multiple Listing Service (NWMLS)

APN: 201615-0012