NOT LISTED FOR SALE

1616 -1618 S 36th St Tacoma, WA 98418

South End Neighborhood

Estimated Value: $440,000 - $581,000

4 Beds
2 Baths
1,776 Sq Ft
$293/Sq Ft Est. Value

Last Sold March 11, 2019

Last sale price $357,500 $201 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,344/month

21 Days on Market

Highlights

  • RV Access or Parking
  • Corner Lot
  • Partially Fenced Property
  • Territorial View
  • Patio
  • Wood Siding

About This Home

As of March 2019

ATTN INVESTORS: Look at these RENTS! GREAT INVESTMENT PROPERTY! Close to freeways, shopping, schools, even close to University of WA in Tacoma! Well maintained! Double pane windows, updated floorboard heaters & electric panel, newer appliances. New roof & int/ext paint within 3 years. Sewer line updated w/clean out. These units ARE CLEAN! Each unit has 2 bedrooms & 1 bath. Private backyard area w/ garden space and garage. One unit on lease until end of 2019 & one unit on month to month.

Last Agent to Sell the Property

Julie Hitchcock

American Dream Realty, LLC License #25083 Listed on: 01/04/2019

Co-Listed By

Ericia Lorentzen

American Dream Realty, LLC License #111329

Last Buyer's Agent

Ryan Lensegrav

RSVP Brokers ERA License #125787

RSVP Brokers ERA

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1397426

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,609

Year Built

  • Built in 1966

Lot Details

  • 9,750 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 1,776 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Additional Features

  • Patio
  • Cable TV Available

Community Details

  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8935014180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,609

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1966
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1776
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 292

Interior Features

  • Possible Use: Multi-Family
  • 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: Alley, Corner Lot, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

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

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 2100

Condo/Co-op/Association

  • Association Fee Frequency: Annually

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 8935014180
  • Lot Size Acres: 0.2238
  • Lot Size Sq Ft: 9750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Patio,RV Parking
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 33600

Multi Family

  • Gross Scheduled Income: 33600
  • Net Operating Income: 26508
  • Number Of Units Total: 2
  • Insurance Expense: 711
  • Leasable Area: 1776
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2018
  • Tax Annual Amount: 3609

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
Mar 4, 2019
Sold by
Kvk Quality Construction Llc
Bought by
Burke Jose Daniel and Burke Elissa Anne
Seller's Agent
Julie Hitchcock
American Dream Realty, LLC
Buyer's Agent
Ryan Lensegrav
RSVP Brokers ERA
List Price
$375,000
Sold Price
$357,500
Premium/Discount to List
-$17,500
-4.67%
Total Days on Market
21
Current Estimated Value
$521,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,511
Avg. Annual Appreciation
6.67%
Original Mortgage
$357,500
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Closed on
Nov 9, 2016
Sold by
Kurkov Konstantin
Bought by
Kvk Quality Construction Llc

Purchase Details

Closed on
Jun 29, 2016
Sold by
Kurkov Oksana
Bought by
Kurkov Konstantin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 31, 2015
Closed on
Oct 13, 2015
Sold by
Mcintyre Patrick I and Mcintyre Vicky
Bought by
Kurkov Konstantin and Kurkov Oksana
Seller's Agent
Charles Burnett
Keller Williams Seattle Metro
Buyer's Agent
Ericia Lorentzen
American Dream Realty, LLC
List Price
$225,000
Sold Price
$209,000
Premium/Discount to List
-$16,000
-7.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.24%
Original Mortgage
$156,750
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2003
Sold by
Babbitt Timothy A
Bought by
Mcintyre Patrick J and Mcintyre Vicky

Purchase Details

Closed on
Jun 15, 1998
Sold by
Shattuck Steve M
Bought by
Babbitt Timothy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,300
Interest Rate
7.11%
Mortgage Type
VA

Purchase Details

Closed on
Jul 14, 1994
Sold by
Gaspar James D
Bought by
Shattuck Steve M and Shattuck Candace E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,400
Interest Rate
8.25%
Source: Public Records

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Range of Values:

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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
Burke Jose Daniel $357,500 Ticor Title
Kvk Quality Construction Llc -- None Available
Kurkov Konstantin -- Cw Title
Kurkov Konstantin $208,719 Old Republic Title Ltd
Mcintyre Patrick J $148,500 Commonwealth Title Co
Babbitt Timothy A $115,000 --
Shattuck Steve M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burke Elissa $358,089
Closed Burke Jose Daniel $357,500
Previous Owner Kurkov Konstantin $161,000
Previous Owner Kurkov Konstantin $156,750
Previous Owner Mcintyre Patrick J $112,000
Previous Owner Mcintyre Patrick J $64,500
Previous Owner Babbitt Timothy A $113,300
Previous Owner Shattuck Steve M $78,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2019 03/11/19 Sold $357,500 -4.7% $201 / Sq Ft
01/25/2019 01/25/19 Pending -- -- --
01/04/2019 01/04/19 For Sale $375,000 +79.4% $211 / Sq Ft
10/16/2015 10/16/15 Sold $209,000 -7.1% $118 / Sq Ft
09/21/2015 09/21/15 Pending -- -- --
09/04/2015 09/04/15 For Sale $225,000 -- $127 / 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
2024 $5,034 $523,300 $220,300 $303,000
2023 $5,034 $452,200 $206,900 $245,300
2022 $4,739 $492,500 $206,700 $285,800
2021 $4,250 $338,100 $119,200 $218,900
2019 $3,353 $293,900 $103,800 $190,100
2018 $3,609 $257,900 $90,400 $167,500
2017 $3,073 $228,400 $67,000 $161,400
2016 $2,698 $165,400 $48,900 $116,500
2014 $2,395 $155,100 $47,500 $107,600
2013 $2,395 $143,200 $43,500 $99,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1397426

Northwest Multiple Listing Service (NWMLS)

APN: 893501-4180