Listed by Keller Williams Realty, Bought with NW Casas Realty
NOT LISTED FOR SALE

1615 to 1617 118th St S Tacoma, WA 98444

Estimated Value: $463,000 - $520,000

2 Beds
2 Baths
1,248 Sq Ft
$401/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $378,000 $303 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,994/month

87 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Patio
  • City View
  • Cul-De-Sac
  • Tankless Water Heater

About This Home

As of December 2022

Renovated Duplex located in the heart of Parkland, close to McChord AFB, PLU, shopping, restaurants, and walking distance to the bus stop. Both units feature: full kitchen with pantry and breakfast nook, spacious living room, one bedroom, one bathroom, and large interior laundry room with exit to the back patio. Both yards are fully fenced, right side includes planters for the garden enthusiasts. Updates include: carport converted to a studio apartment with bathroom and kitchenette, new carpet and interior paint, new roof (2019). May be able to add additional dwelling units – contact Pierce County to confirm. Currently owner and tenant occupied. Each unit could rent for approx $1200/month.

Last Agent to Sell the Property

Austin Robertson

Keller Williams Realty License #21036843 Listed on: 07/28/2022

Keller Williams Realty

Co-Listed By

Rebekah Daniels

Real Broker LLC License #21031286

Last Buyer's Agent

Victor Chavez

NW Casas Realty License #26783

NW Casas Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1975670

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,698

Year Built

  • Built in 1963

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Property is in average condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,248 Sq Ft Home
  • 1-Story Property
  • City Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 7 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Patio

Utilities

  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Violet Meadow Condos
  • Parkland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 926500-246-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,698

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1963
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Violet Meadow
  • New Construction: No
  • CalculatedSquareFootage: 1248
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

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

Exterior Features

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

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 7
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: PartiallyFenced
  • Heating Yn: Yes
  • PowerCompany: Parkland Light and Water
  • SewerCompany: Pierce County Sewer
  • WaterCompany: Parkland Light and Water
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 2160

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Franklin Pierce

Lot Info

  • Parcel Number: 926500-246-0
  • Lot Size Acres: 0.287
  • Lot Size Sq Ft: 12500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.42
  • LeasedItems: None
  • TotalMonthlyIncome: 900

Multi Family

  • Gross Scheduled Income: 29184
  • Net Operating Income: 23326
  • Number Of Units Total: 2
  • Leasable Area: 1248
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3698

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Dec 5, 2022
Sold by
Wolff Mark R
Bought by
Talavera-Gonzalez Ana Maria
Seller's Agent
Austin Robertson
Keller Williams Realty
Buyer's Agent
Victor Chavez
NW Casas Realty
List Price
$450,000
Sold Price
$378,000
Premium/Discount to List
-$72,000
-16%
Views
5
Current Estimated Value
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,000
Avg. Annual Appreciation
7.12%
Original Mortgage
$359,177
Outstanding Balance
$349,112
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$108,888

Purchase Details

Closed on
Dec 11, 2017
Sold by
Neil Christopher E
Bought by
Wolff Mark R

Purchase Details

Closed on
Feb 26, 1997
Sold by
Hawkins Stuart W and Hawkins Leavie Jane
Bought by
Wolff Harold E and Wolff Dolores C
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
Talavera-Gonzalez Ana Maria -- Chicago Title
Wolff Mark R -- None Available
Wolff Harold E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Talavera-Gonzalez Ana Maria $359,177
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2022 12/16/22 Sold $378,000 -11.1% $303 / Sq Ft
10/23/2022 10/23/22 Pending -- -- --
09/01/2022 09/01/22 Price Changed $425,000 -5.6% $341 / Sq Ft
07/28/2022 07/28/22 For Sale $450,000 -- $361 / 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 $4,112 $421,300 $217,800 $203,500
2024 $4,112 $405,700 $196,700 $209,000
2023 $4,112 $346,300 $178,900 $167,400
2022 $3,698 $361,800 $178,900 $182,900
2021 $3,260 $237,000 $103,700 $133,300
2019 $2,554 $200,700 $87,900 $112,800
2018 $2,841 $190,500 $78,800 $111,700
2017 $2,624 $161,900 $66,100 $95,800
2016 $2,436 $139,700 $50,300 $89,400
2014 $2,069 $125,100 $49,400 $75,700
2013 $2,069 $107,300 $43,200 $64,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1975670

Northwest Multiple Listing Service (NWMLS)

APN: 926500-2460