Listed by Realty One Group Turn Key, Bought with Spivey Realty Group, LLC
NOT LISTED FOR SALE

1612 111th St S Unit 1614 Tacoma, WA 98444

Estimated Value: $614,533 - $733,000

4 Beds
3 Baths
2,412 Sq Ft
$271/Sq Ft Est. Value

Last Sold May 06, 2020

Last sale price $438,818 $182 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,105/month

4 Days on Market

Highlights

  • Wood Siding
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of May 2020

Great investment opportunity less than 10 min from I-5, 512 and JBLM. Each unit consists of 2 bed/1.5 bath, fireplace, washer/dryer, 1 car garage, private fully fenced yard and storage unit. 1614 has a spacious family room & addtl outdoor storage unit/workshop. 50 yr roof (only 12yo). Both units occupied with long term tenants at great market value rents. This is your opportunity to finally own an income generating property in such a hot market!

Last Agent to Sell the Property

Stacy Swiess

Realty One Group Turn Key License #134602 Listed on: 02/28/2020

Realty One Group Turn Key

Last Buyer's Agent

Chris Pierog

Spivey Realty Group, LLC License #136693

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1570894

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,946

Year Built

  • Built in 1987

Lot Details

  • 0.29 Acre Lot
  • Street terminates at a dead end

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,412 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • James Sales Elementary School
  • Wash High School

Community Details

  • Parkland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 618000-062-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,946

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1987
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2412
  • Special Features: None
  • Cumulative Days on Market: 359

Interior Features

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

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Brick, Metal/Vinyl, Wood
  • Foundation Details: Slab
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Wood
  • PowerCompany: Tacoma PUD
  • SewerCompany: Pierce County Sewer
  • WaterCompany: Parkland Light & Water
  • WaterSewerGarbage: 2160

Schools

  • Junior High Dist: Franklin Pierce
  • High School: Wash High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 618000-062-5
  • Lot Size Acres: 0.287
  • Lot Size Sq Ft: 12500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Wood

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 2980

Multi Family

  • Gross Scheduled Income: 35760
  • Net Operating Income: 28654
  • Number Of Units Total: 2
  • Leasable Area: 2412
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2019
  • Tax Annual Amount: 4946

MLS Schools

  • Elementary School: James Sales Elem

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
May 4, 2020
Sold by
Askin Jamie and Dotson Karen M
Bought by
Potter Paula
Seller's Agent
Stacy Swiess
Realty One Group Turn Key
Buyer's Agent
Chris Pierog
Spivey Realty Group, LLC
List Price
$415,000
Sold Price
$438,819
Premium/Discount to List
$23,819
5.74%
Current Estimated Value
$652,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,064
Avg. Annual Appreciation
7.82%
Original Mortgage
$320,000
Outstanding Balance
$285,829
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$368,637

Purchase Details

Closed on
Apr 10, 2017
Sold by
Askin Kevin P and Askin Jamie
Bought by
Askin Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,425
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2017
Sold by
Ketrenos David T
Bought by
Askin Jamie and Dotso Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,425
Interest Rate
4.21%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Potter Paula $438,818 Stewart Title
Askin Jamie -- Attorneys Title
Askin Jamie $349,619 Attorneys Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Potter Paula $320,000
Previous Owner Askin Jamie $262,425
Previous Owner Ketrenos David T $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2020 05/06/20 Sold $438,819 +5.7% $182 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $415,000 -- $172 / 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 $6,565 $653,600 $217,800 $435,800
2024 $6,565 $599,100 $177,400 $421,700
2023 $6,565 $570,500 $171,400 $399,100
2022 $6,124 $617,200 $178,800 $438,400
2021 $5,287 $398,500 $118,500 $280,000
2019 $4,355 $357,800 $98,100 $259,700
2018 $4,946 $340,800 $83,800 $257,000
2017 $4,395 $294,300 $55,500 $238,800
2016 $4,247 $252,700 $48,300 $204,400
2014 $3,749 $227,500 $44,400 $183,100
2013 $3,749 $208,400 $40,500 $167,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Stacy Swiess

    Realty One Group Turn Key

    Section Image
  • Chris Pierog

    Buyer's Agent in 2020

    Chris Pierog

    Spivey Realty Group, LLC

    (360) 581-0167

    172 Total Sales

    Chris Pierog
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1570894

Northwest Multiple Listing Service (NWMLS)

APN: 618000-0625

Washington Pierce County Tacoma 98444

1612 111th St S Unit 1614, Tacoma, WA

This home is located at 1612 111th St S Unit 1614, Tacoma, WA 98444 since 28 February 2020 and is currently estimated at $652,883, approximately $270 per square foot. This property was built in 1987. 1612 111th St S Unit 1614 is a home located in Pierce County with nearby schools including James Sales Elementary School, Perry G. Keithley Middle School, and Washington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes