Listed by Heaton Dainard, LLC, Bought with Keller Williams Realty PS
NOT LISTED FOR SALE

Estimated Value: $561,798 - $652,000

7 Beds
3 Baths
2,416 Sq Ft
$252/Sq Ft Est. Value

Last Sold August 06, 2024

Last sale price $640,000 $265 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,715/month

27 Days on Market

Highlights

  • City View
  • Deck
  • Vinyl Plank Flooring
  • Stadium High School Rated A-
  • No HOA
  • Partially Fenced Property

About This Home

As of August 2024

Investor Alert! Currently operating as a Duplex with two rental units plus a 3rd unit partially finished. Finish the 3rd unit to potentially add equity & increase the rental income by 30+%! Architectural plans for conversion/finishing 3rd unit previously approved for permits are included in the sale. Buyer to verify all information & requirements to complete. The middle and top units were remodeled in 2017. Top unit leased until June 2025 at $1645+$100/mo for landscaping. Middle unit prev leased at $1600/mo. Tenants pay utilities. Clean, well-managed & maintained with full rental turns. High walk score & close to everything – DT Tacoma, UW Tacoma, Universities, Hospitals, I-5, and more. Don’t miss this one for your portfolio!

Last Agent to Sell the Property

Serena Norris

Heaton Dainard, LLC License #120877 Listed on: 05/21/2024

Heaton Dainard, LLC

Last Buyer's Agent

Celeste Paul

Keller Williams Realty PS License #115658

Keller Williams Realty PS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2240894

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,615

Year Built

  • Built in 1906

Lot Details

  • 2,973 Sq Ft Lot
  • Partially Fenced Property

Property Views

  • City
  • Mountain
  • Territorial

Home Design

  • Triplex
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 2,416 Sq Ft Home
  • 3-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Schools

  • Stadium High School

Additional Features

  • Deck
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 201615-006-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,615

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1906
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2416
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Thank you!
  • Special Features: None
  • Cumulative Days on Market: 369

Interior Features

  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: City, Mountain(s), Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Cement Planked
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Stadium

Lot Info

  • Parcel Number: 201615-006-1
  • Lot Size Acres: 0.0683
  • Lot Size Sq Ft: 2973
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Gas Available
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 11.9
  • LeasedItems: None
  • TotalMonthlyIncome: 4895

Multi Family

  • Gross Scheduled Income: 57540
  • Net Operating Income: 50489
  • Number Of Units Total: 3
  • Insurance Expense: 1006
  • Leasable Area: 1536
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Jul 26, 2024
Sold by
Gtfm Holdings Llc
Bought by
Lyare Thompson
Seller's Agent
Serena Norris
Heaton Dainard, LLC
Buyer's Agent
Celeste Paul
Keller Williams Realty PS
List Price
$685,000
Sold Price
$640,000
Premium/Discount to List
-$45,000
-6.57%
Views
47
Current Estimated Value
$608,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,800
Avg. Annual Appreciation
-4.97%
Original Mortgage
$603,250
Outstanding Balance
$597,063
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$11,137

Purchase Details

Closed on
Oct 27, 2017
Sold by
Fixated Real Estate Llc
Bought by
Gtfm Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
3.94%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Lyare Thompson $640,000 Fidelity National Title
Gtfm Holdings Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lyare Thompson $603,250
Previous Owner Gtfm Holdings Llc $200,000
Previous Owner Gtfm Holdings Llc $295,000
Previous Owner Gtfm Holdings Llc $75,000
Previous Owner Gtfm Holdings Llc $245,000
Previous Owner Gtfm Holdings Llc $215,000
Previous Owner Fixated Real Estate Llc $430,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2024 08/06/24 Sold $640,000 -6.6% $265 / Sq Ft
06/17/2024 06/17/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $685,000 -- $284 / 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 $4,615 $422,700 $201,100 $221,600
2024 $4,615 $439,600 $195,200 $244,400
2023 $4,615 $405,200 $184,900 $220,300
2022 $4,311 $440,800 $174,100 $266,700
2021 $3,924 $312,100 $90,100 $222,000
2019 $3,364 $294,400 $71,700 $222,700
2018 $1,689 $258,700 $62,800 $195,900
2017 $0 $213,800 $28,200 $185,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2240894

Northwest Multiple Listing Service (NWMLS)

APN: 201615-0061